Grantor’s Rights in Accounts. Until the Account Holder receives a notice from the Collateral Trustee certifying that an Event of Default (as defined in the security documents between the Collateral Trustee and the Grantor) has occurred and is continuing and stating that the Collateral Trustee will exercise exclusive control over any Account (a “Notice of Exclusive Control” with respect to such Account), the Account Holder will comply with Account Directions and other directions concerning each Account originated by the Grantor without further consent by the Collateral Trustee.
Grantor’s Rights in Accounts. (a) Except as otherwise provided in this Section 3, the Account Holder will comply with Account Directions and other directions concerning each Account originated by the Grantor without further consent by the Secured Party.
(b) Upon receipt of a Notice of Exclusive Control and prior to a notice from the Secured Party that such Notice of Exclusive Control is terminated, the Account Holder will comply only with Account Directions originated by the Secured Party and will cease:
(i) complying with Account Directions or other directions concerning such Account originated by the Grantor and
(ii) distributing to the Grantor interest and dividends on property (including, without limitation, funds and financial assets) in such Account.
Grantor’s Rights in Accounts. (a) Except as otherwise provided in this Section 3, the Account Holder will comply with Account Directions and other directions concerning each Account originated by the Grantor without further consent by the Secured Party.
(b) Until the Account Holder receives a notice from the Secured Party that the Secured Party will exercise exclusive control over any Account (a "Notice of Exclusive Control" with respect to such Account), the Account Holder comply with Account Directions from the Grantor.
(c) If the Account Holder receives from the Secured Party a Notice of Exclusive Control with respect to any Account, the Account Holder will comply only with Account Directions originated by the Secured Party and will cease:
(i) complying with Account Directions or other directions concerning such Account originated by the Grantor and
(ii) distributing to the Grantor interest and dividends on property (including, without limitation, funds and financial assets) in such Account.
Grantor’s Rights in Accounts. (a) Except as otherwise provided in this Section 3, the Account Holder will comply with Account Directions and other directions concerning each Account originated by the Grantor without further consent by the Secured Party.
(b) Until the Account Holder receives a notice from the Secured Party that the Secured Party will exercise exclusive control over any Account, which notice shall only be delivered by the Secured Party during an Event of Default as defined in the Agency and Security Agreement, a copy of which notice shall also be sent to Grantor (a "Notice of Exclusive Control" with respect to such Account, the form of which is attached hereto as Exhibit B), the Account Holder may distribute to the Grantor all interest and regular cash dividends on property (including, without limitation, funds and financial assets) in such Account.
(c) If the Account Holder receives from the Secured Party a Notice of Exclusive Control with respect to any Account, the Account Holder will not comply with any Account Direction originated by the Grantor that would require the Account Holder to make a free delivery of any funds or financial asset to the Grantor or any other Person.
(d) If the Account Holder receives from the Secured Party a Notice of Exclusive Control with respect to any Account, the Account Holder will comply only with Account Directions originated by the Secured Party and will cease:
(i) complying with Account Directions or other directions concerning such Account originated by the Grantor and
(ii) distributing to the Grantor interest and dividends on property (including, without limitation, funds and financial assets) in such Account.
Grantor’s Rights in Accounts. (a) The Account Holder will comply with Account Directions and other directions concerning each Account originated by, and only by, the Secured Party.
(b) Until the Account Holder receives a notice from the Secured Party that the Secured Party will exercise exclusive control over any Account (a "NOTICE OF EXCLUSIVE CONTROL" with respect to such Account), the Account Holder may distribute to the Grantor all interest and regular cash dividends on property (including, without limitation, funds and financial assets) in such Account.
(c) If the Account Holder receives from the Secured Party a Notice of Exclusive Control with respect to any Account, the Account Holder will cease distributing to the Grantor all interest and dividends on property (including, without limitation, funds and financial assets) in such Account.
Grantor’s Rights in Accounts. (a) Upon the delivery of a Notice of Exclusive Control (as defined below) by the Secured Party, the Account Holder will comply with Account Directions and other directions concerning each Account originated by, and only by, the Secured Party.
(b) Until the Account Holder receives a notice from the Secured Party that the Secured Party will exercise exclusive control over any Account (a "Notice of Exclusive Control" with respect to such Account), the Account Holder will permit the Grantor full access to the Accounts and amounts and investments credited thereto and may distribute to the Grantor all interest and regular cash dividends on property (including, without limitation, funds and financial assets) in such Account.
Grantor’s Rights in Accounts. (a) Except as otherwise provided in this Section 3, the Account Holder will comply with Account Directions and other directions concerning each Account originated by the Grantor without further consent by the Secured Party.
(b) Until the Account Holder receives a notice from the Secured Party that the Secured Party will exercise exclusive control over any Account (a "NOTICE OF EXCLUSIVE CONTROL" with respect to such Account), the Account Holder (i) will comply with the Account Directions and other directions concerning each Account originated by the Grantor and (ii) may distribute to the Grantor all interest and regular cash dividends on property (including, without limitation, funds and financial assets) in such Account.
(c) If the Account Holder receives from the Secured Party a Notice of Exclusive Control with respect to any Account, the Account Holder will comply only with Account Directions originated by the Secured Party and will cease:
(i) complying with Account Directions or other directions concerning such Account originated by the Grantor and
(ii) distributing to the Grantor interest and dividends on property (including, without limitation, funds and financial assets) in such Account.
Grantor’s Rights in Accounts. (a) Except as otherwise provided in this Section 3, the Account Holder will comply with Account Directions and other directions concerning each Account originated by the Grantor without further consent by the Administrative Agent.
(b) Until the Account Holder receives a notice from the Administrative Agent that the Administrative Agent will exercise exclusive control over any Account (a “Notice of Exclusive Control” with respect to such Account), the Account Holder may distribute to the Grantor all interest and funds in such Account.
Grantor’s Rights in Accounts. (a) Until the Account Holder receives a notice from the Secured Party certifying that an Event of Default (as defined in the loan documents between the Secured Party and the Grantor) has occurred and is continuing and stating that the Secured Party will exercise exclusive control over any Account (a “Notice of Exclusive Control” with respect to such Account), the Account Holder will comply with Account Directions and other directions concerning each Account originated by the Grantor without further consent by the Secured Party.
Grantor’s Rights in Accounts. The Account Holder will comply with Account Directions and other directions concerning each Account originated by, and only by, the Collateral Agent.
