Depository Accounts. The Company shall have established a system of lockbox and bank accounts with respect to the collection of Accounts and the deposit of proceeds of Collateral as shall be acceptable to CIT in all respects. Such accounts shall be subject to three party agreements (between the Company, CIT and the depository bank), which shall be in form and substance satisfactory to CIT.
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Samples: Financing Agreement (Key Tronic Corp), Financing Agreement (Cybex International Inc), Financing Agreement (Cybex International Inc)
Depository Accounts. The Company Companies shall have established a system of lockbox and bank accounts with respect to the collection of Accounts and the deposit of proceeds of Collateral as shall be acceptable to CIT the Lender in all respects. Such accounts shall be subject to three party agreements (between among the Company, CIT the Agent and the depository bank), which shall be in form and substance satisfactory to CITthe Lender.
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Samples: Financing Agreement (Timco Aviation Services Inc), Financing Agreement (Timco Aviation Services Inc)
Depository Accounts. The Company shall have established a system of lockbox and bank accounts with respect to the collection of Accounts and the deposit of proceeds of Collateral as shall be acceptable to CIT in all respects, it being understood that collections in respect of Collateral shall not be required to be applied to repay Revolving Loans or other Obligations except in accordance with Section 3.4 hereof. Such accounts shall be subject to three party agreements (between the Company, CIT and the depository bank), which shall be in form and substance satisfactory to CIT.
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Depository Accounts. The Company shall have established a system of lockbox and and/or bank accounts with respect to the collection of Accounts and the deposit of proceeds of Collateral as shall be acceptable to CIT in all respects. Such accounts shall be subject to three party agreements (between the Company, CIT and the depository bank)) or other agreements, which shall be in form and substance satisfactory to CIT.
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Samples: Financing Agreement (Cray Inc)
Depository Accounts. The Company Each of the Companies shall have established a system of lockbox and bank accounts with respect to the collection of Accounts and the deposit of proceeds of Collateral as shall be acceptable to CIT in all respects. Such accounts shall be subject to three party agreements (between the CompanyCompanies, CIT and the depository bank), which shall be in form and substance satisfactory to CIT.
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Depository Accounts. The Company shall have established xxxxxxxshed a system of lockbox and bank accounts with respect to the collection of Accounts and the deposit of proceeds of Collateral as shall be acceptable to CIT in all respects. Such accounts shall be subject to three party agreements (between the Company, CIT and the depository bank), which shall be in form and substance satisfactory to CIT.
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