Group bank accounts. Each Obligor shall ensure that, within three months of the date of Closing all its bank accounts in the United Kingdom or the United States of America (other than Excluded Deposit Accounts) shall be opened and maintained with banks or financial institutions that are Acceptable Banks from time to time.
Appears in 2 contracts
Samples: Note Purchase Agreement (Luxfer Holdings PLC), Note Purchase Agreement (Luxfer Holdings PLC)
Group bank accounts. Each Obligor shall ensure that, within three months of the date of Closing all its bank accounts in the United Kingdom or the United States of America (other than Excluded Deposit Accounts) shall be opened and maintained with banks a Finance Party (as defined in the Bank Facilities Agreement) or financial institutions that any lender party to any Permitted Refinancing Agreement or an Affiliate thereof and are Acceptable Banks from time subject to timevalid Security under the Transaction Security Documents.
Appears in 1 contract
Group bank accounts. Each Obligor shall shall, where in the reasonable opinion of the Company it is commercially reasonable to do so, ensure that, that within three 3 months of the date of Closing Date all its bank accounts in the United Kingdom or the United States of America US (other than Excluded Deposit Accounts) shall be opened and maintained with banks or financial institutions that are Acceptable Banks from time to time.. 116
Appears in 1 contract