Existing Accounts Clause Samples
The 'Existing Accounts' clause defines the treatment and status of accounts that were established prior to the effective date of an agreement. Typically, this clause clarifies whether such accounts will remain unaffected, be integrated into the new agreement, or be subject to specific terms. For example, it may specify that pre-existing customer or vendor accounts are excluded from the scope of the new contract, or that their balances and obligations are carried forward under the new terms. The core function of this clause is to prevent confusion or disputes regarding the handling of accounts that predate the agreement, ensuring both parties have a clear understanding of their rights and obligations concerning these accounts.
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Existing Accounts. In the event that WEST desires to modify any of the arrangements relating to any of the existing bank accounts related to the Assets (the “Existing Accounts”), WEST shall deliver a certificate to the Servicer specifying in reasonable detail the modifications to be made with respect to any such Existing Accounts and the Servicer shall, to the extent necessary to transfer signing and related authority, cooperate with each Person within the Serviced Group and the relevant banking institution to effect such modifications and shall take such other actions as are incidental thereto in order to give effect to the foregoing.
Existing Accounts. Please provide details for any accounts that have been opened previously that should be linked to your TCM access once established. Account Name Account Number Account Name Account Number Account Name Account Number Account Name Account Number Account Name Account Number Account Name Account Number Account Name Account Number Account Name Account Number
Existing Accounts. In the event that the Cash Manager desires to modify any of the arrangements relating to any of the bank accounts set forth on Schedule 4.03 to this Agreement (the "EXISTING ACCOUNTS") in accordance with the Cash Management Agreement, the Cash Manager shall deliver a certificate to the Servicer specifying in reasonable detail the modifications to be made with respect to any such Existing Accounts and certifying that any such modifications are in accordance with the applicable provisions of the Indenture and the Cash Management Agreement and the Servicer shall notify the relevant Lessees of such modifications and shall take such other actions as are incidental thereto in order to give effect to the foregoing.
Existing Accounts. Please provide details for any accounts that have been opened previously that should be linked to your TCM access once established.
Existing Accounts. No other bank accounts are maintained by any Borrower other than (a) the Existing Accounts (which shall be closed pursuant to this Agreement except for the basic accounts of each Borrower, foreign debt accounts of EDC WGQ and the company credit card account of EDC WGQ); (b) (if any) the bank accounts opened pursuant to Offshore Finance Documents; and/or (c) the relevant Accounts opened and maintained with the Account Bank.
Existing Accounts. No other bank accounts are maintained by the Borrower other than the Existing Accounts and the relevant Accounts with the Account Bank.
Existing Accounts. The Borrower will at all times cause the Existing Account Bank to sweep funds from each Existing Account to the functionally equivalent Borrower Account on a daily basis until such time as such Existing Account shall be closed.
Existing Accounts. Where the Client has any existing account with the Custodian, the Custodian shall be entitled at its discretion to treat this account as also being governed by this Agreement unless the Custodian has received written instruction otherwise from the Client.
Existing Accounts. Continue, modify, and terminate an account or other banking arrangement made by me or on my behalf.
Existing Accounts. Banning shall maintain, service and replace (as needed), and retain ownership of all electric meters at the existing Customer Site(s) as reflected in Exhibit A. These meter services and meters shall be provided free of charge, so long as such meters are standard meters consistent with those provided to similar Banning non-residential customers.