Deposits to Accounts. (i) Deposit or otherwise credit, or cause or permit to be so deposited or credited, or direct any Obligor to deposit or remit, any Collection or proceeds thereof to any account other than a Continuing Collection Account or (ii) except as remitted from an Interim Collection Account pursuant to Sweep Instructions, permit funds other than Collections to be deposited into any Continuing Collection Account.
Appears in 6 contracts
Samples: Loan and Security Agreement (Exela Technologies, Inc.), Second Tier Receivables Purchase and Sale Agreement (Exela Technologies, Inc.), First Tier Receivables Purchase and Sale Agreement (Exela Technologies, Inc.)
Deposits to Accounts. (i) Deposit or otherwise credit, or cause or permit to be so deposited or credited, or direct any Obligor to deposit or remit, any Collection or proceeds thereof to any account other than a Continuing Collection Account or (ii) except as remitted from an Interim Collection Account pursuant to Sweep Instructions, permit funds other than Collections to be deposited into any Continuing Collection Account.
Appears in 3 contracts
Samples: Second Tier Purchase and Sale Agreement (Exela Technologies, Inc.), Receivables Purchase Agreement (Exela Technologies, Inc.), First Tier Purchase and Sale Agreement (Exela Technologies, Inc.)
Deposits to Accounts. (i) Deposit or otherwise credit, or cause or permit to be so deposited or credited, or direct any Obligor to deposit or remit, any Collection or proceeds thereof to any account other than a Continuing Collection Account or (ii) except as remitted from an Interim Collection Account pursuant to Sweep Instructions, permit funds other than Collections on Pool Receivables to be deposited into any Continuing Borrower Collection AccountAccount for any material period of time.
Appears in 3 contracts
Samples: Loan and Security Agreement (Sinclair Broadcast Group Inc), Loan and Security Agreement (Sinclair Broadcast Group Inc), Purchase and Sale Agreement (Sinclair Broadcast Group Inc)
