Establishment of the Collection Account. The Servicer shall cause to be established, on or before the Closing Date, with the Collateral Custodian, and maintained in the name of the Borrower, subject to the Lien of the Administrative Agent, a segregated corporate trust account entitled “Collection Account for FCC Investment Trust I” (the “Collection Account”), over which the Administrative Agent as agent for the Secured Parties, shall have control and from which neither the Servicer nor the Borrower shall have any right of withdrawal.
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Samples: Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.), Credit Agreement (CLST Holdings, Inc.)
Establishment of the Collection Account. The Servicer shall cause to be established, on or before the Closing Date, with the Collateral Custodian, and maintained in the name of the LLC Borrower, subject to the Lien of the Administrative Agent, a segregated corporate trust account entitled “Collection Account for FCC Investment Trust I*****” (the “Collection Account”), over which the Administrative Agent as agent for the Secured Parties, shall have control and from which neither none of the Originator, the Servicer, the Sub-Servicer nor the Borrower Borrowers shall have any right of withdrawal.
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Establishment of the Collection Account. The Servicer shall cause to be established, on or before the Closing Date, with the Collateral Custodian, and maintained in the name of the LLC Borrower, subject to the Lien of the Administrative Agent, a segregated corporate trust account entitled “Collection Account for FCC Investment Trust ISSPE, LLC” (the “Collection Account”), over which the Administrative Agent as agent for the Secured Parties, shall have control and from which neither none of the Originator, the Servicer, the Sub-Servicer nor the Borrower Borrowers shall have any right of withdrawal.
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