Common use of Notices of Suspension of Accounts Clause in Contracts

Notices of Suspension of Accounts. (a) The Collateral Agent may, but shall not be required to, suspend the right of the Accounts Bank and the Borrowers' Agent to withdraw or otherwise deal with any funds deposited in or credited to the Project Accounts at any time during the occurrence and continuance of an Event of Default by delivering a notice to the Accounts Bank (with a copy to the Borrowers' Agent and the Administrative Agent) (a "

Appears in 2 contracts

Samples: Credit Agreement (Pacific Ethanol, Inc.), Credit Agreement (Pacific Ethanol, Inc.)

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Notices of Suspension of Accounts. (a) The Collateral Agent may, but shall not be required to, suspend the right of the Accounts Bank and the Borrowers' Agent Borrower to withdraw or otherwise deal with any funds deposited in or credited to the Project Accounts at any time during the occurrence and continuance of an Event of Default by delivering a notice to the Accounts Bank (with a copy to the Borrowers' Agent Borrowers and the Administrative Agent) (a "“Notice of Suspension”).

Appears in 1 contract

Samples: Credit Agreement (ASAlliances Biofuels, LLC)

Notices of Suspension of Accounts. (a) The Collateral Agent may, but shall not be required to, suspend the right of the Accounts Bank Depositary and the Borrowers' Agent Borrower to withdraw or otherwise deal with any funds deposited in or credited to the Project Accounts at any time during the occurrence and continuance of either (i) an Event of Default or (ii) a Default under Section 8.1(a) of the Loan Agreement, by delivering a notice to the Accounts Bank Depositary (with a copy to the Borrowers' Agent Borrower and the Administrative Agent) (a "“Notice of Suspension”).

Appears in 1 contract

Samples: Depositary Agreement (Vivint Solar, Inc.)

Notices of Suspension of Accounts. (a) The Collateral Agent may, but shall not be required to, suspend the right of the Accounts Bank and the Borrowers' Agent Borrower or OpCo II, as applicable, to withdraw or otherwise deal with any funds deposited in or credited to the Project Accounts Borrower Accounts, or the Lessee Revenue Account at any time during the occurrence and continuance of an Event of Default by delivering a notice to the Accounts Bank Borrower or OpCo II, as the case may be (with a copy to the Borrowers' Agent and the Administrative Agent) (a "“Notice of Suspension”).

Appears in 1 contract

Samples: Accounts Agreement (Renewable Energy Group, Inc.)

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Notices of Suspension of Accounts. (a) The Collateral Agent may, but shall not be required to, suspend the right of the Accounts Bank and the Borrowers' Agent Borrower to withdraw or otherwise deal with any funds deposited in or credited to the Project Accounts at any time during the occurrence and continuance of an Event of Default by delivering a notice to the Accounts Bank (with a copy to the Borrowers' Agent Borrower and the Administrative Agent) (a "“Notice of Suspension”).

Appears in 1 contract

Samples: Credit Agreement (Nova Biosource Fuels, Inc.)

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