Maintaining the Account. So long as any Lender has any Commitment or any Note shall remain unpaid:
(a) The Pledgors will maintain the Account with First Union National Bank.
(b) It shall be a term and condition of the Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Account and except as otherwise provided by the provisions of Section 6 and Section 14, that no amount (including interest on the Account) shall be paid or released to or for the account of, or withdrawn by or for the account of, any Pledgor or any other person or entity from the Account. The Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect.
Maintaining the Account. The Financial Institution and the Depositor agree that the Depositor shall not be permitted to close the Account. The Financial Institution and the Depositor further agree that, except for a withdrawal made by or a payment made to the NYS DOS for application by the NYS DOS toward any permitted application(s), no check drawn on the Account shall be honored and no withdrawal or other payment from the Account shall be made for any purpose (including, but not limited to, application toward any debt or obligation secured by or subject to any security interest or right of recoupment or set off now held or hereafter acquired by the Financial Institution), without the express written consent of NYS DOS.
Maintaining the Account. So long as any Letter of Credit shall remain outstanding or any amount shall remain unpaid under an Application, the Pledgor will maintain the Account with the Bank; and it shall be a term and condition of the Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Account, that:
(a) the Bank will have sole control and dominion over the Account and any security entitlement relating to the Collateral;
(b) all financial assets (other than cash) credited to the Account will be registered in the name of the Bank, indorsed to the Bank or in blank or credited to a security account (as defined in Section 8-501 of the Code) maintained in the name of the Bank, and in no case will any such financial asset be registered in the Pledgor’s name, payable to its order or specially indorsed to the Pledgor unless further indorsed to the Bank or in blank;
(c) all interest on the Account, distributions in respect of any financial assets credited to the Account and all other proceeds of the Collateral will be deposited and held in the Account; and
(d) except as otherwise provided by the provisions of Section 6 and Section 13, no amount (including interest on the Account or distributions in respect of any financial assets credited to the Account or other proceeds of any Collateral) will be paid or released to or for the account of, or withdrawn by or for the account of, the Pledgor or any other person or entity from the Account. The Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect. The parties acknowledge and agree that the Account is a “deposit account” with respect to any cash credited to the Account and is a “securities account” with respect to any financial assets (other than cash) credited to the Account, and that the Bank is a “securities intermediary” (as defined in Section 8-102(14) of the Code) with respect to such securities account.
Maintaining the Account. So long as any Lender has any Commitment under the Credit Agreement or interest thereon shall remain unpaid:
(a) The Pledgor will maintain the Account with the Collateral Agent.
(b) It shall be a term and condition of the Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Account and except as otherwise provided by the provisions of Section 6 and Section 13, that no amount (including interest on the Account, if any) shall be paid or released to or for the account of, or withdrawn by or for the account of, the Pledgor or any other Person (other than the Collateral Agent and the Lenders) from the Account. 75 The Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect.
Maintaining the Account. So long as any LC Obligation shall remain unpaid, any Letter of Credit shall remain outstanding or any Lender shall have any Commitment:
(a) The Pledgor will maintain the Account with the Collateral Agent.
(b) It shall be a term and condition of the Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Account and except as otherwise provided by the provisions of Sections 6, 13 and 17, that no amount (including interest on the Account, if any) shall be paid or released to or for the account of, or withdrawn by or for the account of, the Pledgor or any other Person (other than the Administrative Agent or the Collateral Agent) from the Account. The Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect.
Maintaining the Account. So long as any Letter of Credit has not expired or been cancelled or terminated, any Participating Bank has any obligation under Section 5(a) of the Reimbursement Agreement, or any Obligations remain unpaid:
(a) The Pledgor will maintain the Account with the Administrating Bank.
(b) The Account shall be under the sole dominion and control of the Administrating Bank. It shall be a term and condition of the Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Account and except as otherwise provided by the provisions of Sections 6 and 13 hereof, that no amount (including, without limitation, interest earnings from time to time credited to the Account) shall be paid or released to or for the account of, or withdrawn by or for the account of, the Pledgor or any other Person (other than the Secured Parties) from the Account. The Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect.
Maintaining the Account. The Account shall be, and at all times during the term of the Loan remain, a demand deposit money market account held with Lender bearing interest at the rate then publicly offered by Lender for similar accounts. Xxxxxxx shall pay all of Lender's costs and customary charges associated with the opening and closing of, and any withdrawals from, the Account. Pledgor will maintain the Account with the Lender until the Termination Date (as hereinafter defined). It shall be a term and condition of the Account, except as otherwise provided by the provisions of Section 6 and Section 13 hereof, that no amount (including interest on the Account) shall be paid or released to or for the account of, or withdrawn by or for the account of, Pledgor or any other person or entity from the Account, without the prior written consent of Lender. The Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect.
Maintaining the Account. For the duration of the Deposit Period and for so long thereafter as the Secured Party has any time issued any Notice of any Claim or potential Claim to the Deposit Agent for which the Secured Party is seeking indemnification from the Pledgor pursuant to Section 7.2 of the Purchase Agreement and such Claim or potential Claim shall remain unpaid or unresolved:
(a) The Pledgor will maintain the Account with the Deposit Agent.
(b) The Pledgor shall not withdraw or transfer any amount from the Account or close the Account, or make any efforts to cause the Deposit Agent to do any of the foregoing, except pursuant to Section 17 hereof and Section 2 and Section 3 of the Deposit Agreement.
(c) The Account shall be subject to such applicable laws and regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect.
Maintaining the Account. So long as any Bank has any Commitment or any Note or 4c Credit shall remain unpaid, the Pledgors will maintain the Account with the Agent. The Account shall be subject to such applicable laws, and such applicable regulations of the Board of Governors of the Federal Reserve System and of any other appropriate banking or governmental authority, as may now or hereafter be in effect.
Maintaining the Account. So long as any Obligations are outstanding:
(a) The Pledgor will maintain the Account.
(b) It shall be a term and condition of the Account, notwithstanding any term or condition to the contrary in any other agreement relating to the Account that no amount (including interest on the Account) shall be paid or released to or for the account of or withdrawn by or for the account of the Pledgor or any other person or entity from the Account.
