Common use of Maintenance of Sweep Account Clause in Contracts

Maintenance of Sweep Account. The Sweep Account will be designated to receive amounts owing under the Purchased Receivable and the other Medicare Part D receivables of Seller (including, without limitation, (x) the Receivable Balance and (y) monthly capitation payments that, except as set forth in Section 7(c), for the avoidance of doubt, and as to this clause (y) will not be paid to Purchaser), and Servicer covenants to maintain such account, so long as the Final Collections Payment remains unpaid unless otherwise agreed to in writing by Pxxxxxxxx. Only the Chief Financial Officer, Treasurer, Assistant Treasurer or Director of Treasury Services of Seller or Rite Aid Corporation will have withdrawal rights with respect to the Sweep Account. The Sweep Account may not be closed unless Purchaser has received confirmation that either the Funded Amount has been paid to Purchaser or, subject to the requirements of the following sentence, a replacement Sweep Account has been established at Bank of America, N.A. Neither Seller nor Servicer will add any account as a Sweep Account or change any payment instructions with respect to the receipt of Collections, unless (i) the Chief Executive Officer or Chief Financial Officer of Rite Aid Corporation has authorized such change in writing and (ii) Purchaser shall have provided prior written consent to such addition or change.

Maintenance of Sweep Account. The Sweep Account will be designated to receive amounts owing under the Purchased Receivable and the other Medicare Part D receivables of Seller (including, without limitation, (x) the Receivable Balance and (y) monthly capitation payments that, except as set forth in Section 7(c), for the avoidance of doubt, and as to this clause (y) will not be paid to Purchaser), and Servicer covenants to maintain such account, so long as the Final Collections Payment remains unpaid unless otherwise agreed to in writing by PxxxxxxxxPurchaser. Only the Chief Financial Officer, Treasurer, Assistant Treasurer or Director of Treasury Services of Seller or Rite Aid Corporation will have withdrawal rights with respect to the Sweep Account. The Sweep Account may not be closed unless Purchaser has received confirmation that either the Funded Amount has been paid to Purchaser or, subject to the requirements of the following sentence, a replacement Sweep Account has been established at Bank of America, N.A. Neither Seller nor Servicer will add any account as a Sweep Account or change any payment instructions with respect to the receipt of Collections, unless (i) the Chief Executive Officer or Chief Financial Officer of Rite Aid Corporation has authorized such change in writing and (ii) Purchaser shall have provided prior written consent to such addition or change.

Maintenance of Sweep Account. The Sweep Account will be designated to receive amounts owing under the Purchased Receivable and the other Medicare Part D receivables of Seller (including, without limitation, (x) the Receivable Balance Series D Receivable, and (y) monthly capitation payments that, except as set forth in Section 7(c), for the avoidance of doubt, and as to this clause (y) will not be paid to Purchaser), and Servicer covenants to maintain such account, so long as the Final Collections Payment remains unpaid unless otherwise agreed to in writing by PxxxxxxxxPurchaser. Only the Chief Financial Officer, Treasurer, Assistant Treasurer or Director of Treasury Services of Seller or Rite Aid Corporation will have withdrawal rights with respect to the Sweep Account. The Sweep Account may not be closed unless Purchaser has received confirmation that either the Funded Amount has been paid to Purchaser or, subject to the requirements of the following sentence, a replacement Sweep Account has been established at Bank of America, N.A. Neither Seller nor Servicer will add any account as a Sweep Account or change any payment instructions with respect to the receipt of Collections, unless (i) the Chief Executive Officer or Chief Financial Officer of Rite Aid Corporation has authorized such change in writing and (ii) Purchaser shall have provided prior written consent to such addition or change.

Maintenance of Sweep Account. The Sweep Account will be designated to receive amounts owing under the Purchased Receivable and the other Medicare Part D receivables of Seller (including, without limitation, (x) the Receivable Balance and (y) monthly capitation payments that, except as set forth in Section 7(c), for the avoidance of doubt, and as to this clause (y) will not be paid to Purchaser), and Servicer covenants to maintain such account, so long as the Final Collections Payment remains unpaid unless otherwise agreed to in writing by PxxxxxxxxPurchaser. Only the Chief Financial Officer, Treasurer, Assistant Treasurer or Director of Treasury Services of Seller or Rite Aid Corporation will have withdrawal rights with respect to the Sweep Account. The Sweep Account may not be closed unless Purchaser has received confirmation that either the Funded Amount has been paid to Purchaser or, subject to the requirements of the following sentence, a replacement Sweep Account has been established at Bank of America, N.A. Neither Seller nor Servicer will add any account as a Sweep Account or change any payment instructions with respect to the receipt of Collections, unless (i) the Chief Executive Officer or Chief Financial Officer of Rite Aid Corporation has authorized such change in writing and (ii) Purchaser shall have provided prior written consent to such addition or change.

Maintenance of Sweep Account. The Sweep Account will be designated to receive amounts owing under the Purchased Receivable and the other Medicare Part D receivables of Seller (including, without limitation, (x) the Receivable Balance Series F Receivable, and (y) monthly capitation payments that, except as set forth in Section 7(c), for the avoidance of doubt, and as to this clause (y) will not be paid to Purchaser), and Servicer covenants to maintain such account, so long as the Final Collections Payment remains unpaid unless otherwise agreed to in writing by Pxxxxxxxx. Only the Chief Financial Officer, Treasurer, Assistant Treasurer or Director of Treasury Services of Seller or Rite Aid Corporation will have withdrawal rights with respect to the Sweep Account. The Sweep Account may not be closed unless Purchaser has received confirmation that either the Funded Amount has been paid to Purchaser or, subject to the requirements of the following sentence, a replacement Sweep Account has been established at Bank of America, N.A. Neither Seller nor Servicer will add any account as a Sweep Account or change any payment instructions with respect to the receipt of Collections, unless (i) the Chief Executive Officer or Chief Financial Officer of Rite Aid Corporation has authorized such change in writing and (ii) Purchaser shall have provided prior written consent to such addition or change.

Maintenance of Sweep Account. The Sweep Account will be designated to receive amounts owing under the Purchased Receivable and the other Medicare Part D receivables of Seller (including, without limitation, (x) the Receivable Balance and (y) monthly capitation payments that, except as set forth in Section 7(c), for the avoidance of doubt, and as to this clause (y) will not be paid to Purchaser), and Servicer covenants to maintain such account, so long as the Final Collections Payment remains unpaid unless otherwise agreed to in writing by PxxxxxxxxPurchaser. Only the Chief Financial Officer, Treasurer, Assistant Treasurer or Director of Treasury Services of Seller Envision or Rite Aid Corporation will have withdrawal rights with respect to the Sweep Account. The Sweep Account may not be closed unless Purchaser has received confirmation that either the Funded Amount has been paid to Purchaser or, subject to the requirements of the following sentence, a replacement Sweep Account has been established at Bank of America, N.A. Neither Seller nor Servicer will add any account as a Sweep Account or change any payment instructions with respect to the receipt of Collectionscollections on the Receivable, unless (i) the Chief Executive Officer or Chief Financial Officer of Rite Aid Corporation has authorized such change in writing and (ii) Purchaser shall have provided prior written consent to such addition or change.