Common use of Right to Direct Depositary Bank Clause in Contracts

Right to Direct Depositary Bank. Except as set out in Section 8.1 below, the rights of the Collateral Agent under this Agreement are limited to the right to direct the Depositary Bank to make the transfers required hereunder and under the Sale Documents.

Appears in 5 contracts

Samples: Authority PSL Account Agreement, Authority PSL Account Agreement, Authority PSL Account Agreement

AutoNDA by SimpleDocs

Right to Direct Depositary Bank. Except as set out in Section 8.1 below, the rights of the Collateral Agent under this Agreement are limited to the right to direct the Depositary Bank to make the transfers required hereunder and under the Sale Documents.. ARTICLE VIII

Appears in 1 contract

Samples: Authority PSL Account Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!