Common use of Repayment Account Clause in Contracts

Repayment Account. Upon notice to it that any ACS Group Loans or any Class E Securities are to be wholly or partially repaid pursuant to Section 3.09 hereof or of the Guarantor Intercreditor Agreement, the Administrative Agent shall cause the Operating Bank to establish and maintain a Repayment Account pursuant to Section 3.01(a) hereof or of the Guarantor Intercreditor Agreement in the name of the Collateral Agent for the benefit of the Holders. All amounts received for the purpose of any such repayment shall be deposited in the Repayment Account.