Common use of Establishing and Maintaining Accounts Clause in Contracts

Establishing and Maintaining Accounts. So long as this Agreement is in full force and effect: (i) the Company shall establish and maintain the Escrow Account with the Trustee in New York, New York. The Collateral shall at all times be subject to the sole dominion and control of the Trustee, which shall hold the Collateral and administer the Escrow Account subject to the terms and conditions of this Agreement. The Company shall have no right of withdrawal from the Escrow Account nor any other right or power with respect to the Collateral, except as expressly provided herein; and, (ii) it shall be a term and condition of the Escrow Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Escrow Account and except as otherwise provided by the provisions of Articles 3 and 4 of this Agreement, that no amount in the Escrow Account (including, without limitation, interest on or other proceeds of the Escrow Account or on investments held therein) shall be paid or released to or for the account of, or withdrawn by or for the account of, the Company or any other person or entity other than the Trustee or its designated agent.

Establishing and Maintaining Accounts. So long as this Agreement is in full force and effect: (i) the Company shall establish and maintain the Escrow Account with the Trustee in New York, New York. The Collateral shall at all times be subject to the sole dominion and control of the Trustee, which shall hold the Collateral and administer the Escrow Account subject to the terms and conditions of this Agreement. The Company shall have no right of withdrawal from the Escrow Account nor any other right or power with respect to the Collateral, except as expressly provided herein; and, (ii) it shall be a term and condition of the Escrow Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Escrow Account and except as otherwise provided by the provisions of Articles Article 3 and 4 of this Agreement, that no amount in the Escrow Account (including, without limitation, interest on or other proceeds of the Escrow Account or on investments any Government Securities held therein) shall be paid or released to or for the account of, or withdrawn by or for the account of, the Company or any other person or entity other than the Trustee or its designated agent.

Establishing and Maintaining Accounts. So long as this Agreement is in full force and effect: (i) the Company shall establish and maintain the Escrow Account with the Trustee in New York, New York. The Collateral shall at all times be subject to the sole dominion and control of the Trustee, which shall hold the Collateral and administer the Escrow Account subject to the terms and conditions of this Agreement. The Company shall have no right of withdrawal from the Escrow Account nor any other right or power with respect to the Collateral, except as expressly provided herein; and, (ii) it shall be a term and condition of the Escrow Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Escrow Account and except as otherwise provided by the provisions of Articles 3 and 4 of this Agreement, that no amount in the Escrow Account (including, without limitation, interest on or other proceeds of the Escrow Account or on investments any Allowable Investments held therein) shall be paid or released to or for the account of, or withdrawn by or for the account of, the Company or any other person or entity other than the Trustee or its designated agent.