Retention Accounts credits and withdrawals
Retention Accounts. (1) The Borrower irrevocably authorises the Original Lender to deposit the First Retention Amount and the Second Retention Amount out of the Loan on the Borrower's behalf into a solicitors account designated for this purpose by the Agent (a "RETENTION ACCOUNT").
Retention Accounts. 33 Section 6.06. Maintenance of Insurance ........................................................... 33 Section 6.07. Accounting and Financial Management ................................................ 35 Section 6.08. Financial Statements and Other Information ......................................... 36
Retention Accounts. The Company shall cause all proceeds of any of its sales of gold, gold dore or gold ore to be deposited in the Gold Sales Proceeds Account and shall cause the Balance at all times be not less than the Debt Service Reserve Requirement. Capitalized terms used in this Section 6.05 and not otherwise defined in this Agreement have the meanings set forth in the New York Account Security Agreement.
Retention Accounts. No Borrower shall withdraw or otherwise dispose of any amounts standing to the credit of a Retention Account without the Facility Agent’s prior written consent (acting with the authorisation of the Majority Lenders).
Retention Accounts. (a) Each Borrower shall from the Utilisation Date open and maintain a Retention Account.
Retention Accounts. The Lenders have established and shall maintain the Retention Accounts with the Depositary. The Borrower and the Conduit Lender agree that the Operating Agent shall, subject to the terms of this Loan Agreement, have exclusive dominion and control of the Conduit Lender's Retention Account and of all monies, instruments and other property from time to time on deposit therein. The Borrower and the Committed Lender agree that the Administrative Agent shall, subject to the terms of this Loan Agreement, have exclusive dominion and control of the Committed Lender's Retention Account and of all monies, instruments and other property from time to time on deposit therein.
Retention Accounts. Each Seller and the Buyer shall perform its obligations as set out in Schedule 11.
Retention Accounts. If the Loan is a Compounded Rate Loan, the amount in respect of interest to paid to any Retention Account shall be paid as follows in respect of each Interest Period in excess of one Month:
Retention Accounts
