Common use of New Deposit Accounts and Securities Accounts Clause in Contracts

New Deposit Accounts and Securities Accounts. Concurrently with or prior to the opening of a Deposit Account, securities account or commodity account by any Obligor, other than any excluded account described in Section 8.5, such Obligor shall deliver to Agent a Deposit Account Control Agreement covering such Deposit Account, or other control agreement covering such securities account or commodity account, in each case, in form and substance reasonably satisfactory to Agent, duly executed by such Obligor, Agent and the applicable bank, securities intermediary or commodity intermediary, as the case may be.

New Deposit Accounts and Securities Accounts. Concurrently with or prior to the opening of a Deposit Account, securities account Securities Account or commodity account by any ObligorBorrower, other than any excluded account described in Section 8.5Excluded Deposit Account, such Obligor Borrower shall deliver to the Administrative Agent a Deposit Account Control Agreement covering such Deposit Account, or other Account and/or a control agreement covering such securities account Securities Account or commodity account, in each case, in form and substance reasonably satisfactory to Administrative Agent, duly executed by such ObligorBorrower, Administrative Agent and the applicable bank, securities intermediary or commodity intermediary, as the case may be.