Common use of Securities Accounts; Deposit Accounts Clause in Contracts

Securities Accounts; Deposit Accounts. (a) With respect to (i) any Securities Account, such Grantor shall cause any applicable securities intermediary maintaining such Securities Account to show on its books that the Administrative Agent is the entitlement holder with respect to such Securities Account, and, if requested by the Administrative Agent, cause such securities intermediary to enter into a Securities Account Control Agreement in form and substance reasonably satisfactory to the Administrative Agent with respect to such Securities Account pursuant to which such securities intermediary shall agree to comply with the Administrative Agent’s “entitlement orders” without further consent by such Grantor, as requested by the Administrative Agent; and (ii) any Deposit Account, such Grantor shall enter into and shall cause the depositary institution maintaining such account to enter into a Deposit Account Control Agreement in form and substance reasonably satisfactory to the Administrative Agent pursuant to which the Administrative Agent shall be granted “control” (within the meaning of Section 9-104 of the UCC) over such Deposit Account; provided that the foregoing shall not require the delivery by any Grantor of a Control Agreement with respect to any Investment Account (other than a Designated Deposit Account (but subject to Section 5.3 of the Credit Agreement)) of such Grantor if the balance of such Investment Account is less than $100,000 individually, and the balance of all Investment Accounts of such Grantor that are not subject to the Administrative Agent’s perfected Lien does not exceed $500,000 in the aggregate.

Securities Accounts; Deposit Accounts. (a) With respect to (i) any Securities Account, such Grantor shall cause any applicable securities intermediary maintaining such Securities Account to show on its books that the Administrative Agent is the entitlement holder with respect to such Securities Account, and, if requested by the Administrative Agent, cause such securities intermediary to enter into a Securities Account Control Agreement an agreement in form and substance reasonably satisfactory to the Administrative Agent with respect to such Securities Account pursuant to which such securities intermediary shall agree to comply with the Administrative Agent’s “entitlement orders” without further consent by such Grantor, as requested by the Administrative Agent; and (ii) with respect to any Deposit Account, such Grantor shall enter into and shall cause the depositary institution maintaining such account to enter into a Deposit Account Control Agreement an agreement in form and substance reasonably satisfactory to the Administrative Agent pursuant to which the Administrative Agent shall be granted “control” (within the meaning of Section 9-104 9104 of the UCC) over such Deposit Account; provided . The Administrative Agent agrees that it will only communicate “entitlement orders” or “notices of exclusive control” with respect to the foregoing Deposit Accounts and Securities Accounts of the Grantors after the occurrence and during the continuance of an Event of Default. Such Grantor shall not require give the delivery Administrative Agent immediate notice of the establishment of any new Deposit Account and of any new Securities Account established by any such Grantor of a Control Agreement with respect to any Investment Account (other than a Designated Deposit Account (but subject to Section 5.3 of the Credit Agreement)) of Property held by such Grantor if the balance of such Investment Account is less than $100,000 individually, and the balance of all Investment Accounts of such Grantor that are not subject to the Administrative Agent’s perfected Lien does not exceed $500,000 in the aggregateGrantor.

Securities Accounts; Deposit Accounts. (a) With respect to (i) any Securities Account, such Grantor shall cause any applicable securities intermediary maintaining such Securities Account to show on its books that the Administrative Agent is the entitlement holder with respect to such Securities Account, and, if requested by the Administrative Agent, cause such securities intermediary to enter into a Securities Account Control Agreement Agreement, in form and substance reasonably satisfactory to the Administrative Agent Agent, with respect to such Securities Account pursuant to which such securities intermediary shall agree to comply with the Administrative Agent’s “entitlement orders” without further consent by such Grantor, as requested by the Administrative Agent; and (ii) any Deposit Account, such Grantor shall enter into and shall cause the depositary institution maintaining such account to enter into a Deposit Account Control Agreement Agreement, in form and substance reasonably satisfactory to the Administrative Agent Agent, pursuant to which the Administrative Agent shall be granted “control” (within the meaning of Section 9-104 9104 of the UCC) over such Deposit Account; provided that the foregoing shall not require the delivery by any Grantor of a Control Agreement with respect to any Investment Account (other than a the Borrower Designated Deposit Account (but subject to Section 5.3 of the Credit Agreement)Account) of such Grantor if the balance of such Investment Account is less than Fifty Thousand Dollars ($100,000 50,000) individually, and the balance of all Investment Accounts of such Grantor that are not subject to the Administrative Agent’s perfected Lien does not exceed Two Hundred Thousand Dollars ($500,000 200,000) in the aggregate.