Common use of Depository Bank Clause in Contracts

Depository Bank. Within sixty (60) days of the Closing Date, the Borrower shall transfer the Depository Account to the Administrative Agent (or one of its Affiliates, as designated in writing by the Administrative Agent to the Borrower). Following such transfer and until the Termination Date, the Borrower shall maintain the Depository Account with the Administrative Agent (or such designated Affiliate).

Appears in 3 contracts

Samples: Credit Agreement (American Finance Trust, Inc), Credit Agreement (American Realty Capital - Retail Centers of America, Inc.), Credit Agreement (American Realty Capital - Retail Centers of America, Inc.)

AutoNDA by SimpleDocs

Depository Bank. Within sixty one hundred eighty (60180) days of the Closing Date, the Borrower shall transfer the Depository Account to the Administrative Agent (or one of its Affiliates, as designated in writing by the Administrative Agent to the Borrower). Following such transfer and until the Termination Date, the Borrower shall maintain the Depository Account with the Administrative Agent (or such designated Affiliate).

Appears in 2 contracts

Samples: Credit Agreement (Global Medical REIT Inc.), Credit Agreement (Global Medical REIT Inc.)

AutoNDA by SimpleDocs

Depository Bank. Within sixty ninety (6090) days of the Closing Date, the Borrower shall transfer the Depository Account to the Administrative Agent (or one of its Affiliates, as designated in writing by the Administrative Agent to the Borrower). Following such transfer and until the Termination Date, the Borrower shall maintain the Depository Account with the Administrative Agent (or such designated Affiliate).

Appears in 1 contract

Samples: Credit Agreement (Umh Properties, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!