New Reserve Account. In the event the Reserve Account Bank ceases to be an Eligible Institution, the Borrower shall, within ten days after learning thereof, establish a new Reserve Account (and transfer any balance and investments then in the Reserve Account to such new Reserve Account) at another Eligible Institution.
Appears in 3 contracts
Samples: Loan Agreement (Pulte Homes Inc/Mi/), Loan Agreement (Pulte Homes Inc/Mi/), Loan Agreement (Horton D R Inc /De/)
New Reserve Account. In the event the Reserve Account Bank ceases to be an Eligible Institution, the Borrower shall, within ten days after learning thereof, establish a new Reserve Account in the name and under the control of the Administrative Agent (and transfer any balance and investments then in the Reserve Account to such new Reserve Account) at another Eligible Institution.
Appears in 1 contract
Samples: Loan Agreement (Horton D R Inc /De/)
