Obligor Accounts Sample Clauses

Obligor Accounts save for the proceeds from any Term Advance or as otherwise provided in this Agreement and the other Borrower Transaction Documents, take all reasonable steps to ensure that each sum received by it or any other Obligor is paid into one of the Obligor Accounts in accordance with the terms of the Borrower Transaction Documents;
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Obligor Accounts have an interest in any bank account unless such account or interest is charged to the Borrower Security Trustee on terms acceptable to the Borrower Security Trustee;
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Obligor Accounts. Obligor does not own, hold, maintain, or have any right or interest in or to any deposit accounts, securities accounts or commodity accounts other than those listed on Schedule 4 hereto. Schedule 4 contains a true and complete list of all deposit accounts, securities accounts and commodity accounts in which each Obligor holds any right or interest including the name of the bank or institution where such Obligor Account is held, and the full and correct account number for each such Obligor Account.
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Obligor Accounts. (a) Each Obligor agrees that, except as permitted by an order of the Bankruptcy Court, (i) without the prior written consent of the Administrative Agent, it will not open, obtain, maintain, or allow to exist any deposit accounts, securities accounts or commodity accounts owned by such Obligor other than the Obligor Accounts listed on Schedule 4, (ii) it will obtain the prior written consent of the Administrative Agent before opening any new deposit account, securities account or commodity account, (iii) it will, upon request from the Administrative Agent, use its reasonable best efforts to execute and deliver to the Administrative Agent (and cause each bank or institution holding any Obligor Account of such Obligor to execute and deliver to Administrative Agent) an account control agreement in form and substance satisfactory to the Administrative Agent, with respect to each Obligor Account owned by such Obligor, (iv) such Obligor shall direct any Person who becomes a buyer or account debtor of such Obligor to make payments thereunder solely to an account that is an Obligor Account.
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Obligor Accounts. Maintain its principal bank accounts with a bank approved by the Lender.
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Related to Obligor Accounts

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Segregated Accounts Upon receipt of Proper Instructions, the Custodian shall establish and maintain a segregated account or accounts for and on behalf of the Fund, into which account or accounts may be transferred cash and/or Securities, including Securities maintained in a Depository Account:

  • Lockbox Accounts The names and addresses of all the Lockbox Banks, together with the account numbers of the Lockbox Accounts of the Seller at each Lockbox Bank and the post office box numbers of the lockboxes, are listed on Schedule 6.1(o) (or have been notified to and approved by the Agents in accordance with Section 7.3(d)) and are the only post office boxes and accounts into which Collections of Receivables are deposited or remitted. The Seller has not granted any Person, other than the Administrative Agent for the benefit of the Secured Parties as contemplated by this Agreement, control of any lockbox or Lockbox Account, or the right to take control of any such lockbox or Lockbox Account at a future time.

  • Collection of Accounts 43 5.4 Payments ............................................................................. 44 5.5 Authorization to Make Loans .......................................................... 44 5.6

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Collection of Accounts Receivable Without limiting the generality of the provisions of Section 5.2, prior to the Closing, Seller and its Subsidiaries shall collect all Accounts Receivable in the ordinary course of business, consistent with Seller’s and its Subsidiaries’ past practice with respect to the Acquired Assets. From and after the Closing, Purchaser shall have the sole right and authority to collect for its own account all Accounts Receivable and to endorse with the name of Seller and its Subsidiaries any checks or drafts received with respect to any such Accounts Receivable. Seller agrees to deliver promptly to Purchaser all cash, checks or other property received directly or indirectly by Seller and its Subsidiaries with respect to such Accounts Receivable, including, without limitation, any amounts payable as interest thereon. From and after the Closing, unless specifically requested by Purchaser, Seller and its Subsidiaries shall not contact any current or former customer regarding any Accounts Receivable and shall refer promptly to Purchaser all inquiries with respect to any Accounts Receivable. If and to the extent requested by Purchaser, Seller and its Subsidiaries shall take such actions as may be reasonably necessary or advisable to facilitate the collection of any Accounts Receivable; it being agreed and understood that customers of the Acquired Business may also be customers of Seller’s and its Subsidiaries’ businesses with whom Seller and its Subsidiaries may have continuing business relationships. If not collected within 90 days from the Closing Date, Seller and its Subsidiaries shall pay promptly to Purchaser the amount of any uncollected Accounts Receivable in cash, and Purchaser shall assign and transfer back to Seller and its Subsidiaries each such Accounts Receivable for collection by Seller and its Subsidiaries; provided that Seller and its Subsidiaries shall not take any action in connection with such collection that would adversely affect Purchaser’s ongoing business relationship with the customer(s).

  • Lock-Box Accounts The names and addresses of all of the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks, are specified in Schedule 6.1(n).

  • Management Accounts The Management Accounts:

  • Collateral Accounts Evidence that the Collateral Accounts have been established;

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