Depositary and Other Deposit Accounts. The Grantors shall deliver to the Collateral Agent a revised version of Schedule 4 showing any changes thereto within 5 days of any such change. No Grantor shall open new depositary or other deposit accounts or securities accounts unless such Grantor shall have received the Collateral Agent’s prior written consent to open any such new deposit accounts or securities accounts. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit account or securities account to provide the Collateral Agent with such information with respect to such deposit account or securities account as the Collateral Agent may from time to time reasonably request, and each Grantor hereby consents to such information being provided to the Collateral Agent. Each Grantor will, to the extent necessary to maintain the first priority perfected security interest in the Collateral, cause each financial institution at which such Grantor maintains a depositary, other deposit account or securities account to enter into a bank agency or other similar agreement with the Collateral Agent and such Grantor, in a form satisfactory to the Collateral Agent, in order to give the Collateral Agent “control” (as defined in the UCC) of such account. If any Grantor or any director, officer, employee, agent of such Grantor, or any other Person acting for or in concert with such Grantor shall receive any monies, checks, notes, drafts or other payments relating to or as proceeds of Accounts or other Collateral, such Grantor and each such Person shall receive all such items in trust for, and as the sole and exclusive property of, the Collateral Agent for the benefit of the Secured Parties, segregated from the funds of such Grantor, and shall forthwith upon receipt by such Grantor, turn such items over to the Collateral Agent. The Grantors, jointly and severally, agree to pay all fees, costs and expenses (including reasonable attorneys’ fees and expenses) in connection with opening and maintaining each Account, control agreements with respect thereto, and depositing for collection by the Collateral Agent any check or other item of payment received by the Collateral Agent on account of the Obligations. All of such fees, costs and expenses shall constitute Obligations hereunder and shall be payable to the Collateral Agent by the Grantors upon demand.
Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to the Collateral Agent ten (10) calendar days’ prior written notice (or such lesser notice as the Collateral Agent may agree in its sole discretion) of its intention to open any such new deposit accounts.
Depositary and Other Deposit Accounts. Each Grantor shall maintain all of its principal deposit accounts with the Administrative Agent. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given the Administrative Agent 10 days’ prior written notice of its intention to open any such new deposit accounts. The Grantors shall deliver to the Administrative Agent a revised version of Schedule 6 showing any changes thereto within 5 days of any such change. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit account to provide the Administrative Agent with such information with respect to such deposit account as the Administrative Agent may from time to time reasonably request, and each Grantor hereby consents to such information being provided to the Administrative Agent. Each Grantor will, upon the Administrative Agent’s request, cause each financial institution at which such Grantor maintains a depositary or other deposit account to enter into a bank agency or other similar agreement with the Administrative Agent and such Grantor, in form and substance satisfactory to the Administrative Agent, in order to give the Administrative Agent “control” (as defined in the UCC) of such account.
Depositary and Other Deposit Accounts. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit account to provide Agent with such information with respect to such deposit account as Agent may from time to time reasonably request, and each Grantor hereby consents to such information being provided to Agent. Each Grantor will cause each financial institution at which such Grantor maintains a deposit account, securities account or other similar account to enter into an account control agreement or other similar agreement with Agent and such Grantor, in form and substance reasonably satisfactory to Agent, in order to give Agent “control” (within the meaning set forth in Section 9-104 or 8-106 of the UCC, as applicable) of such account.
Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given the Administrative Agent 10 days’ prior written notice of its intention to open any such new deposit accounts. The Grantors shall deliver to the Administrative Agent a revised version of Schedule 6 showing any changes thereto within five (5) Business Days of any such change. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit account to provide the Administrative Agent with such information with respect to such deposit account as the Administrative Agent may from time to time reasonably request, and each Grantor hereby consents to such information being provided to the Administrative Agent. Each Grantor will cause each financial institution at which such Grantor maintains a depositary or other deposit account to enter into a bank agency or other similar agreement with the Administrative Agent and such Grantor, in form and substance satisfactory to the Administrative Agent, in order to give the Administrative Agent “control” (as defined in the UCC) of such account.
Depositary and Other Deposit Accounts. Subject to Section 10.10 of the Credit Agreement, no Grantor shall open or maintain any deposit account or security account unless (i) such accounts are subject to a deposit account control agreement in favor of the Administrative Agent, for itself and the benefit of the Lenders, in form and substance reasonably acceptable to the Administrative Agent and (ii) such accounts are in a structure acceptable to Administrative Agent. The Grantors shall deliver to the Administrative Agent a revised version of Schedule 6 showing any changes thereto within 5 days of any such change. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit account or a security account to provide the Administrative Agent with such information with respect to such account as the Administrative Agent may from time to time reasonably request, and each Grantor hereby consents to such information being provided to the Administrative Agent. Subject to Section 10.10 of the Credit Agreement, each Grantor will cause each financial institution at which such Grantor maintains a deposit account or a security account to enter into a bank agency or other similar agreement with the Administrative Agent and such Grantor, in form and substance satisfactory to the Administrative Agent, in order to give the Administrative Agent “control” (as defined in the UCC) of such account.
Depositary and Other Deposit Accounts. Each Grantor shall maintain all of its principal deposit accounts with Administrative Agent; provided that, notwithstanding the foregoing, Borrower shall be allowed to maintain deposit accounts (each an “Excepted Account”) with banks other than Administrative Agent so long as (a) the aggregate balance in all such deposit accounts shall not exceed Five Hundred Thousand Dollars ($500,000) at any time, or (b) such deposit accounts shall be subject to a daily automatic sweep wherein all deposits are transmitted daily, via wire transfer, to a deposit account maintained with Administrative Agent. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given Administrative Agent at least five (5) days prior written notice of its intention to open any such new deposit accounts. The Grantors shall deliver to Administrative Agent a revised version of Schedule 6 showing any changes thereto within ten (10) days of any such change. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit account to provide Administrative Agent with such information with respect to such deposit account as Administrative Agent may from time to time reasonably request, and each Grantor hereby consents to such information being provided to Administrative Agent. Concurrently with the creation of any such account, each Grantor will cause each financial institution at which such Grantor maintains a depositary or other deposit account (other than an Excepted Account) to enter into a bank agency or other similar agreement with Administrative Agent and such Grantor, in form and substance satisfactory to Administrative Agent, in order to give Administrative Agent “control” (as defined in the UCC) of such account.
Depositary and Other Deposit Accounts. Borrower shall not open any depositary or other deposit accounts unless Borrower shall have given to Lenders 10 calendar days’ prior written notice (or such lesser notice as Lenders may agree in its sole discretion) of its intention to open any such new deposit accounts.
Depositary and Other Deposit Accounts. [Redacted bank account information due to confidentiality.]
Depositary and Other Deposit Accounts. Subject to Section 10.10 of the Credit Agreement, no Grantor shall open or maintain any depositary or other deposit accounts unless such accounts are subject to a deposit account control agreement in favor of the Administrative Agent, for itself and the benefit of the Lenders, in form and substance reasonably acceptable to the Administrative Agent. The Grantors shall deliver to the Administrative Agent a revised version of Schedule 6 showing any changes thereto within 5 days of any such change. Each Grantor hereby authorizes the financial institutions at which such Grantor maintains a deposit account to provide the Administrative Agent with such information with respect to such deposit account as the Administrative Agent may from time to time reasonably request, and each Grantor hereby consents to such information being provided to the Administrative Agent. Subject to Section 10.10 of the Credit Agreement, each Grantor will, upon the Administrative Agent’s request, cause each financial institution at which such Grantor maintains a depositary or other deposit account to enter into a bank agency or other similar agreement with the Administrative Agent and such Grantor, in form and substance satisfactory to the Administrative Agent, in order to give the Administrative Agent “control” (as defined in the UCC) of such account.
