Materiality Exception. The Lien Grantors have the right not to comply with the foregoing provisions of this Section with respect to (i) Deposit Accounts that are payroll or trust accounts and (ii) other Deposit Accounts having total collected balances that do not at any time exceed $2,000,000 in the aggregate for all Lien Grantors.
Appears in 11 contracts
Samples: Revolving Credit Security Agreement, Abl Security Agreement, Term Loan Security Agreement (Tower International, Inc.)
