THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
(i) The “Concentration Account” (so referred to herein): Established by the Administrative Agent with Bank of America.
(ii) The “Blocked Account” (so referred to herein): Established by the Borrowers’ Representative with Bank of America
(iii) The “Operating Account” (so referred to herein): Established by the Borrowers’ Representative with Bank of America.
(b) The contents of each DDA and of the Blocked Account constitutes Collateral and Proceeds of Collateral. The contents of the Concentration Account constitutes the Administrative Agent’s property.
(c) The Loan Parties shall pay all fees and charges of, and maintain such impressed balances as may be required by the depository in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Administrative Agent).
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
(i) The Concentration Account: Established by the Lender with Bank of America, N.A.
(ii) The Blocked Account: Established by the Borrower with Bank of America, N.A.
(iii) The Operating Account: Established by the Borrower with Bank of America, N.A.
(b) The contents of each DDA, of the Operating Account, and of the Blocked Account constitutes Collateral and Proceeds of Collateral. The contents of the Concentration Account constitutes the Lender’s property.
(c) The Loan Parties:
(i) To the extent not previously delivered to the Lender, contemporaneously with the execution of this Agreement, shall provide the Lender with such agreement (generally referred to as a “Blocked Account Agreement”) of the depository with which the Blocked Account is maintained as may be reasonably satisfactory to the Lender;
(ii) To the extent not previously delivered to the Lender, contemporaneously with the execution of this Agreement, shall provide the Lender with such agreement of the depository with which the Operating Account is maintained as may be reasonably satisfactory to the Lender; and
(iii) Shall not establish any Blocked Account or Operating Account hereafter except upon not less than thirty (30) days prior written notice to the Lender and the delivery to the Lender of a similar such agreement.
(d) The Loan Parties shall pay all fees and charges of, and maintain such impressed balances as may be required by the Lender or by any bank in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Lender).
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
(i) The "CONCENTRATION ACCOUNT" (so referred to herein): Established by the Agent with Fleet National Bank.
(ii) The "BLOCKED ACCOUNT" (so referred to herein): Established by the Borrower with Amarillo National Bank.
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
(i) The “Concentration Account” (so referred to herein): Established by the Borrower with Bank of America.
(ii) The “Blocked Account” (so referred to herein): Established by the Borrower with Amarillo National Bank.
(iii) The “Operating Account” (so referred to herein): Established by the Borrower with Amarillo National Bank.
(iv) The “Payroll Account” (so referred to herein) and established by the Borrower with Amarillo National Bank.
(b) The contents of each DDA (other than the Operating Account and the Payroll Account) and of the Blocked Account constitutes Collateral and Proceeds of Collateral.
(c) The Borrower shall pay all fees and charges of, and maintain such impressed balances as may be required by the depository in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Agent).
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been established (and are so referred to herein):
(i) The Concentration Account: Established by the Borrower with Bank of America, N.A.
(ii) The Cash Collateral Account. Established in the name of the Agent with Citibank, N.A.
(iii) The Operating Account: Established by the Borrower with Bank of America, N.A.
(b) The contents of each DDA, of the Operating Account, and of the Concentration Account constitute Collateral and Proceeds of Collateral. The contents of the Cash Collateral Account constitute Collateral and Proceeds of Collateral.
(c) The Loan Parties: Subject to Sections 4-43 and 7-1(d):
(i) To the extent not previously delivered to the Agent contemporaneously with the execution of this Agreement, shall provide the Agent with such agreement (generally referred to as a “Blocked Account Agreement”) of the depository with which the Concentration Account and the other deposit accounts are is maintained as may be satisfactory to the Agent;
(ii) To the extent not previously delivered to the Agent, contemporaneously with the execution of this Agreement, shall provide the Agent with such agreement of the depository with which the Operating Account is maintained as may be satisfactory to the Agent; and
(iii) Shall not establish any DDA, Concentration Account, Cash Collateral Account or Operating Account hereafter.
(d) The Loan Parties shall pay all fees and charges of, and maintain such impressed balances as may be required by the Agent or by any bank in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Agent).
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
(i) The "CONCENTRATION ACCOUNT" (so referred to herein): Established by the Lender with Fleet National Bank
(ii) The "BLOCKED ACCOUNT" (so referred to herein): Established by the Borrower with Southwest Bank of St. Louis (as subsequently shall be replaced with an account to be established at Fleet National Bank as and when directed by the Lender).
(iii) The "OPERATING ACCOUNT" (so referred to herein): Established by the Borrower with Southwest Bank of St. Louis (as subsequently shall be replaced with an account to be established at Fleet National Bank as and when directed by the Lender).
(b) The contents of each DDA (other than the Operating Account) and of the Blocked Account constitutes Collateral and Proceeds of Collateral. The contents of the Concentration Account constitutes the Lender's property.
(c) The Borrower shall pay all fees and charges of, and maintain such impressed balances as may be required by the depository in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Lender).
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
(i) The “Concentration Account” (so referred to herein): Established by the Administrative Agent with Fleet National Bank.
(ii) The “Blocked Account” (so referred to herein): Established by the Borrowers’ Representative with Fleet National Bank.
(iii) The “Operating Account” (so referred to herein): Established by the Borrowers’ Representative with Fleet National Bank.
(b) The contents of each DDA and of the Blocked Account constitutes Collateral and Proceeds of Collateral. The contents of the Concentration Account constitutes the Administrative Agent’s property.
(c) The Loan Parties shall pay all fees and charges of, and maintain such impressed balances as may be required by the depository in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Administrative Agent).
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following accounts have been or will be established (and are so referred to herein):
(i) The "BLOCKED ACCOUNT" (so referred to herein): Account No. 530-733285 established by the Lead Borrower with The Chase Manhattan Bank.
(ii) The "CONCENTRATION ACCOUNT"(so referred to herein): An account established by the Lead Borrower with The Chase Manhattan Bank.
(iii) The "LENDER'S DEPOSITORY ACCOUNT" (so referred to herein): Established by the Lender with The Chase Manhattan Bank.
THE CONCENTRATION, BLOCKED, AND OPERATING ACCOUNTS. (a) The following checking accounts have been or will be established (and are so referred to herein):
(i) The “Concentration Account” (so referred to herein): Account No. 274-04973 at BA.
(ii) The “Blocked Account” (so referred to herein): Account No. #10000000 /SPAN>CDA at Southwest Bank of St. Louis.
(iii) The “Operating Account” (so referred to herein): Account No. 274-05044 at BA.
(b) The contents of each DDA (other than the Operating Account) and of the Blocked Account constitutes Collateral and Proceeds of Collateral. The contents of the Concentration Account constitutes the Lender’s property.
(c) The Borrower shall pay all fees and charges of, and maintain such impressed balances as may be required by the depository in which any account is opened as required hereby (even if such account is opened by and/or is the property of the Lender).
