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 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

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 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 Registerthe

Synthetic Deposit Account. (a) On or prior to the Closing Date, the Administrative Agent shall cause establish the Synthetic Deposit Account. The Administrative Agent shall maintain records enabling it to determine at any time the amount of the interest of each Synthetic Lender in the Synthetic Deposit Account to be established for purposes (the interest of receiving deposits made to such account by (or on behalf of) each Synthetic Lender in the Synthetic Lenders Deposit Account, as required pursuant to clause (b) of Section 2.6.1 and clause (b) of this Section in connection with the purchase evidenced by such records, being referred to as such Lender's "Synthetic Lenders of participation interests in Synthetic Letters of CreditDeposit Sub-Account"). The Administrative Agent (or any of its subshall establish such additional Synthetic Deposit Sub-agents or Affiliates) Accounts for assignee Lenders as shall maintain in the Registerbe required pursuant to