Deposits; Accounts. (a) Unless the Agent shall otherwise consent in writing, which consent shall not be unreasonably withheld, each Obligor shall keep all its bank and deposit accounts only with the Agent, other Lenders, financial institutions designated on EXHIBIT 10.4.2 or any financial institution approved by the Agent.
(b) To the extent specified by prior written notice from the Agent, whether prior to or after the occurrence of an Event of Default, all sums collected or received and all property recovered or possessed by any Obligor in connection with any Credit Security shall be received and held by such Obligor in trust for and on the Lenders' behalf, shall be segregated from the assets and funds of such Obligor, and shall be delivered to the Agent for the benefit of the Lenders.
(c) In addition, the Obligors shall direct that all Accounts payable by Medicare or Medicaid and all Accounts payable in an amount greater than $50 be paid directly into a locked box account maintained with any financial institution designated on Exhibit 10.4.2 or such other financial institution as approved by the Agent (which, in the event such financial institution is not a Lender, must be party to an Assignment Agreement in form and substance satisfactory to the Agent).
Deposits; Accounts promptly upon the opening of any Deposit Account by Borrower or any of its Subsidiaries, a written notice setting forth all of the data required to be set forth in SCHEDULE 6.11 annexed hereto with respect to such Deposit Account;
Deposits; Accounts. Any and all deposits or other sums at any ------------------ time credited by or due from Bank to Borrowers, whether in a Depository Account or other account, together with any and all instruments, documents, policies and certificates of insurance, securities, goods, Accounts, chooses in action, general intangibles, chattel paper, cash or other Property, and the proceeds of each of the foregoing, to the extent owned by Borrowers or in which Borrowers have an interest and which now or hereafter are at any time in the possession or control of Bank or in transit by mail or carrier to or from Bank or in the possession of any Person acting in Bank's behalf, without regard to whether Bank received the same in pledge, for safekeeping, as agent for collection or transmission or otherwise or whether Bank had conditionally released the same, and any and all balances, sums, proceeds and credits of Borrowers with, and any claims of Borrowers against, Bank.
Deposits; Accounts. Each Obligor shall keep all its bank and deposit accounts only with the Managing Agent, other Lenders or the financial institutions listed on Exhibit 2.
Deposits; Accounts. Any and all deposits or other sums at any time credited by or due from the Agent or any Lender to Assumptor, whether in a Depository Account or other account, together with any and all instruments, documents, policies and certificates of insurance, securities, goods, Accounts, choses in action, general intangibles, chattel paper, cash or other Property, and the proceeds of each of the foregoing, to the extent owned by Assumptor or in which Assumptor has an interest and which now or hereafter are at any time in the possession or control of the Agent or any Lender or in transit by mail or carrier to or from the Agent or any Lender or in the possession of any Person acting on behalf of the Agent or any Lender, without regard to whether such party received the same in pledge, for safekeeping, as agent for collection or transmission or otherwise or whether such party had conditionally released the same, and any and all balances, sums, proceeds and credits of Assumptor with, and any claims of Assumptor against, such party.
Deposits; Accounts. The Borrower acknowledges that the interest rates ----------------- and other fees provided by the Bank to the Borrower hereunder have been provided to the Borrower based on the Bank's understanding that by December 1, 1996, the Borrower and each Guarantor (as hereafter defined in Section 4.2) have agreed to move all of their deposit accounts to the Bank. Borrower and Guarantor acknowledge that but for such agreement, the rates and fees changed hereunder would be higher. If by December 1, 1996 the deposit accounts of Borrower and the Guarantors are not held with the Bank, the Borrower acknowledges that the Bank may automatically and with 5 days written notice to Borrower, increase the interest rates and fees hereunder to an amount that will compensate the Bank for the fact that such deposit accounts are not held at the Bank.
Deposits; Accounts. Unless the Agent shall otherwise consent in writing, which consent shall not be unreasonably withheld, each Obligor shall keep all its bank and deposit accounts only with the Agent, other Lenders or the financial institutions approved by the Required Lenders. To the extent specified by prior written notice from the Agent, whether prior to or after the occurrence of an Event of Default, all sums collected or received and all property recovered or possessed by any Obligor in connection with any Credit Security shall be received and held by such Obligor in trust for and on the Lenders' behalf, shall be segregated from the assets and funds of such Obligor, and shall be delivered to the Agent for the benefit of the Lenders. In addition, the Borrowers shall direct that all Accounts payable by Medicare or Medicaid and all Accounts payable in an amount greater than $50 be paid directly into a locked-box account with NationsBank, N.A. (South) or such other locked-box account as approved by the Required Lenders.
Deposits; Accounts. Borrower will deposit all Receipts from the Property into, and otherwise comply with, the Accounts established from time to time hereunder.
Deposits; Accounts. 3 2.3.2. Pledged Stock . . . . . . . . . . . . . . . . . . . . 4 2.4. Right to Realize upon Credit Security . . . . . . . . . . . . . 4 2.4.1. General Authority . . . . . . . . . . . . . . . . . . 4 2.4.2. Marshaling, etc. . . . . . . . . . . . . . . . . . . . 5 2.4.3. Sales of Credit Security . . . . . . . . . . . . . . . 6 2.4.4. Sale without Registration . . . . . . . . . . . . . . 6 2.4.5. Application of Proceeds . . . . . . . . . . . . . . . 7 2.5. Custody of Credit Security . . . . . . . . . . . . . . . . . . 8 3.
Deposits; Accounts. To the extent specified by prior written notice from the Managing Agent after the occurrence and during the continuance of an Event of Default, all sums collected or received and all property recovered or possessed by the Pledgor in connection with any Credit Security shall be received and held by the Pledgor in trust for and on the Lenders' behalf, shall be segregated from the assets and funds of the Pledgor, and shall be delivered to the Managing Agent for the benefit of the Lenders.
