Common use of Synthetic Deposit Account Clause in Contracts

Synthetic Deposit Account. (a) On or prior to the Closing Date, the Administrative Agent shall cause the Synthetic Deposit Account to be established for purposes of receiving deposits made to such account by (or on behalf of) the Synthetic Lenders as required pursuant to clause (b) of Section 2.6.1 and clause (b) of this Section in connection with the

Synthetic Deposit Account. (a) On or prior to the Closing Date, the Administrative Agent shall cause the Synthetic Deposit Account to be established for purposes of receiving deposits made to such account by (or on behalf of) the Synthetic Lenders as required pursuant to clause (b) of Section 2.6.1 and clause (b) of this Section in connection with thethe purchase by such Synthetic Lenders of participation interests in Synthetic Letters of Credit. The Administrative Agent (or any of its sub-agents or Affiliates) shall maintain in the Register