Other Deposit and Securities Accounts. Maintain any Deposit Accounts or accounts holding securities owned by Bxxxxxxx except (i) Deposit Accounts and investment/securities accounts as set forth in the Supplement, and (ii) other Deposit Accounts and securities/investment accounts, in each case, with respect to which Borrower and Agent shall have taken such action as Agent reasonably deems necessary to obtain a perfected first priority security interest therein, subject to Permitted Liens. The provisions of the previous sentence shall not apply to Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Agent as such (all such accounts, “Excluded Accounts”).
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Other Deposit and Securities Accounts. Maintain any Deposit Accounts or accounts holding securities owned by Bxxxxxxx Borrower except (i) Deposit Accounts and investment/securities accounts as set forth in the Supplement, and (ii) other Deposit Accounts and securities/investment accounts, in each case, with respect to which Borrower and Agent Lender shall have taken such action as Agent Lender reasonably deems necessary to obtain a perfected first priority security interest therein, subject to Permitted Liens. The provisions of the previous sentence shall not apply to Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees or to accounts held outside of the United States in the ordinary course of business and identified to Agent as such (all such accounts, “Excluded Accounts”)consistent with past practice.
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Other Deposit and Securities Accounts. Maintain any Deposit Accounts or accounts holding securities owned by Bxxxxxxx Borrower except (i) Deposit Accounts and investment/securities accounts as set forth in the Supplement, and (ii) other Deposit Accounts and securities/investment accounts, in each case, with respect to which Borrower and Agent Lender shall have taken such action as Agent Lender reasonably deems necessary to obtain a perfected first priority security interest therein, subject to Permitted Liens. The provisions of the previous sentence shall not apply to Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Agent Lender as such (all such accounts, “Excluded Accounts”)such.
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Other Deposit and Securities Accounts. Maintain any Deposit Accounts or accounts holding securities owned by Bxxxxxxx Borrower except (i) Deposit Accounts and investment/securities accounts as set forth in the Supplement, and (ii) other Deposit Accounts and securities/investment accounts, in each case, with respect to which Borrower and Agent Lender shall have taken such action as Agent Lender reasonably deems necessary to obtain a perfected first priority security interest therein, subject to Permitted Liens. The provisions of the previous sentence shall not apply to Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Agent as such (all such accounts, “Excluded Accounts”)employees.
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