Establishment of Pledged Accounts. (a) The Trustee, on behalf of the Noteholder, shall establish and maintain in its own name an Eligible Account (the "COLLECTION ACCOUNT"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trustee on behalf of the Noteholder. The Collection Account shall initially be established with the Trustee.
Establishment of Pledged Accounts. 19 SECTION 5.2. [RESERVED].......................................................................................21 SECTION 5.3. CERTAIN REIMBURSEMENTS TO THE SERVICER...........................................................21 SECTION 5.4. APPLICATION OF COLLECTIONS.......................................................................21 SECTION 5.5. RESERVE ACCOUNT..................................................................................21 SECTION 5.6. ADDITIONAL DEPOSITS..............................................................................22 SECTION 5.7. DISTRIBUTIONS....................................................................................22 SECTION 5.8. NOTE DISTRIBUTION ACCOUNT........................................................................23 SECTION 5.9.
Establishment of Pledged Accounts. (a) The Trustee, on behalf of the Noteholders and the Note Purchaser, shall maintain in its own name an Eligible Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Trustee on behalf of the Noteholders and the Note Purchaser. The Collection Account shall initially be established with the Trustee.
Establishment of Pledged Accounts. Evidence that each Pledged Account has been established;
Establishment of Pledged Accounts. The Financial Institution hereby confirms and agrees that:
Establishment of Pledged Accounts. There have been established by the Company and its Subsidiaries on or prior to the date hereof the Medicare Collection Account, the Non- Medicare Collection Account, the Concentration Account, the Payroll Account and the Disbursement Account (collectively, the "Pledged Accounts"). The terms and conditions of each of the Pledged Accounts shall at all times be in all respects satisfactory to the Collateral Agent and the Agent.
Establishment of Pledged Accounts. 50 SECTION 5.2 [RESERVED]..........................................52 SECTION 5.3 CERTAIN REIMBURSEMENTS TO THE SERVICER..............52 SECTION 5.4 APPLICATION OF COLLECTIONS..........................52 SECTION 5.5 WITHDRAWALS FROM NPF SPREAD ACCOUNT.................53 SECTION 5.6
Establishment of Pledged Accounts. There have been established by the Borrower and its Subsidiaries on or prior to the date hereof the existing bank accounts of the Borrower (collectively, the "Pledged Accounts"). The terms and conditions of each of the Pledged Accounts shall at all times be in all respects satisfactory to the Lender.
Establishment of Pledged Accounts. On or before the Closing Date, Grantor shall establish and maintain the Collection Account and the Interest Reserve Account at the Account Bank in the name of Grantor and subject to the terms and conditions of the related Blocked Account Control Agreement, the Loan Agreement and this Security Agreement. Each of the Collection Account and the Interest Reserve Account and any sub-account thereof shall bear a designation clearly indicating that the funds or other assets deposited therein from time to time are subject to the Liens granted under this Security Agreement and held for the benefit of the Secured Party. The Pledged Accounts shall be subject to Blocked Account Control Agreements and Grantor shall take all actions necessary or as reasonably requested by the Secured Party to ensure that the Secured Party shall have a perfected Security Interest in each of the Pledged Accounts; provided that as to any successor Blocked Account the Grantor shall not discontinue the use of the then-existing Blocked Account hereunder until the execution and delivery of necessary Blocked Account Control Agreement covering such successor account such that there is no gap in perfection of the Liens covering Blocked Accounts hereunder.
Establishment of Pledged Accounts. (a) The Servicer shall establish and maintain with the Account Bank a segregated account (the “Collection Account”) in the name of the Purchaser, clearly bearing a designation clearly indicating that the funds deposited therein are held for the benefit of Collateral Agent on behalf of the Secured Parties. The Collection Account shall initially be established with the Account Bank.
