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 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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