Direct Account Consent Sample Clauses

Direct Account Consent. In the event the Direct Account does not consent to the assignment of the Direct Account Opportunity to Distributor, or to the license or sublicense of the applicable Private Label Proprietary Marks to Distributor, or if Distributor elects not to accept the terms of any Direct Account Opportunity, then the Parties shall discuss in good faith the possibilities of supplying the Direct Account. If the Parties are unable to agree on a path forward, ExxonMobil may provide Products and Supply Products to the Direct Account without any obligation to Distributor, as follows: (A) through the Direct Account Support Addendum; (B) directly from ExxonMobil or an ExxonMobil Affiliate without the involvement of Distributor; or (C) through any other Third Party; provided, that in the event Distributor does not accept a Direct Account Opportunity, Distributor will have no liability or obligation to ExxonMobil or the Direct Account in connection with any such Direct Account Opportunity except and unless arranged for as a Direct Account Delivery or Direct Account Service as described in Section ‎7.2(A); provided that this option originates from the relevant Direct Account and ExxonMobil only utilizes this provision for the originating Direct Account, in each case. For the avoidance of doubt, ExxonMobil agrees that this Sub-Section ‎(C) will only be utilized on an exception basis and not as a willful attempt by ExxonMobil to circumvent Distributor’s exclusive appointment.
Sample 1
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Related to Direct Account Consent

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Account Control Agreements Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Lender.

  • Account Agreement Lender shall have received the original of the Account Agreement executed by each of Cash Management Bank and Borrower.

  • Control Account The Agent shall open and maintain on its books a control account in the name of the Borrower showing the advance of the Loan and the computation and payment of interest and all other sums due under this Agreement. The Borrower’s obligations to repay the Loan and to pay interest and all other sums due under this Agreement shall be evidenced by the entries from time to time made in the control account opened and maintained under this Clause 17.7 and those entries will, in the absence of manifest error, be conclusive and binding.

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Control Agreement A control agreement (the “Custodian Control Agreement”), duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

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