Transfer of Funds from Depository Accounts. Funds remaining on deposit in a Depository Account shall be transferred to the Agent’s Bank Account on each Business Day in accordance with the terms and provisions of the applicable Depository Account Control Agreement, and the Companies agree to take all actions reasonably required by the Agent or any bank at which a Depository Account is maintained in order to effectuate the transfer of funds in this manner. All amounts received from a Depository Account and any other proceeds of the Collateral deposited into the Agent’s Bank Account will, for purposes of calculating Net Availability and interest, be credited to the Revolving Loan Account on the date of deposit in the Agent’s Bank Account. No checks, drafts or other instruments received by the Agent shall constitute final payment to the Agent unless and until such instruments have actually been collected.
Transfer of Funds from Depository Accounts. Funds remaining on deposit in a Depository Account shall be transferred to CIT's Bank Account on each Business Day (except Veterans Day), and the Company agrees to take all actions reasonably required by CIT or any bank at which a Depository Account is maintained in order to effectuate the transfer of funds in this manner. Subject to Section 3.2.3 hereof, all amounts received from a Depository Account and any other proceeds of the Collateral deposited into CIT's Bank Account will, for purposes of calculating Availability and interest, be credited to the Revolving Loan Account on the date of deposit in CIT's Bank Account. No checks, drafts or other instruments received by CIT shall constitute final payment to CIT unless and until such instruments have actually been collected.
Transfer of Funds from Depository Accounts. Funds remaining on deposit in a Depository Account shall be transferred to CIT’s Bank Account on each Business Day in accordance with the terms and provisions of the applicable Depository Account Control Agreement, and the Company agrees to take all actions reasonably required by CIT or any bank at which a Depository Account is maintained in order to effectuate the transfer of funds in this manner. Subject to charges for Collection Days, all amounts received from a Depository Account and any other proceeds of the Collateral Financial Agreement — Pizza Inn deposited into CIT’s Bank Account will, for purposes of calculating Net Availability and interest, be credited to the Revolving Loan Account on the date of deposit in CIT’s Bank Account. No checks, drafts or other instruments received by CIT shall constitute final payment to CIT unless and until such instruments have actually been collected.
Transfer of Funds from Depository Accounts. Funds remaining on deposit in a Depository Account shall be transferred to the Agent's Bank Account on each Business Day in accordance with the terms and provisions of the applicable Depository Account Control Agreement, and each Company agrees to take all actions reasonably required by the Agent or any bank at which a Depository Account owned by such Company is maintained in order to effectuate the transfer of funds in this manner. Subject to charges for Collection Days, all amounts received from a Depository Account and any other proceeds of the Collateral deposited into the Agent's Bank Account will, for purposes of calculating Net Availability and interest, be credited to the Revolving Loan Account on the date of deposit in the Agent's Bank Account. No checks, drafts or other instruments received by the Agent shall constitute final payment to the Agent unless and until such instruments have actually been collected.
Transfer of Funds from Depository Accounts. Funds remaining on deposit in a Depository Account shall be transferred to the Agent’s Bank Account on each Business Day, and the Company agrees to take all actions reasonably required by the Agent or by any bank at which a Depository Account is maintained in order to effectuate the transfer of funds in this manner. All amounts received from a Depository Account and any other proceeds of the Collateral deposited into the Agent’s Bank Account will, for purposes of calculating Net Availability and interest, be credited to the Revolving Loan Account on the date of deposit in the Agent’s Bank Account. No checks, drafts or other instruments received by the Agent shall constitute final payment to the Agent unless and until such instruments have actually been collected.
Transfer of Funds from Depository Accounts. Funds remaining on deposit in an Existing Depository Account or a Depository Account shall be transferred to the Company's concentration account with PNC on each Business Day in accordance with the terms and provisions of the agreement governing such account and shall be transferred to the Agent's Bank Account on the next Business Day in accordance with the terms and provisions of the deposit account control agreement delivered by PNC on the date of the Financing Agreement or the relevant Depository Account Control Agreement, as applicable, and the Company agrees to take all actions reasonably required by the Agent or any bank at which an Existing Depository Account or a Depository Account is maintained in order to effectuate the transfer of funds in this manner. All amounts received from an Existing Depository Account or a Depository Account and any other proceeds of the Collateral deposited into the Agent's Bank Account will, for purposes of calculating Net Availability and interest, be credited to the Revolving Loan Account on the date of deposit in the Agent's Bank Account. No checks, drafts or other instruments received by the Agent shall constitute final payment to the Agent unless and until such instruments have actually been collected.
Transfer of Funds from Depository Accounts. Funds remaining on -------------------------------------------- deposit in a Depository Account shall be transferred to CIT's Bank Account (in the case of the Domestic Companies) and to CIT's Canadian Bank Account (in the case of Ronson Canada) on each Business Day (and in the case of Ronson Canada, on each Canadian Business Day) in accordance with the terms and provisions of the applicable Depository Account Control Agreement, and the Companies agree to take all actions reasonably required by CIT or any bank at which a Depository Account is maintained in order to effectuate the transfer of funds in this manner. Subject to charges for Collection Days, all amounts received from a Depository Account and any other Proceeds of the Collateral deposited into CIT's Bank Account or CIT's Canadian Bank Account, as the case may be, will, for purposes of calculating Net Availability and interest, be credited to the respective Company's Revolving Loan Account on the date of deposit in CIT's Bank Account or CIT's Canadian Bank Account, as the case may be. No checks, drafts or other instruments received by CIT shall constitute final payment to CIT unless and until such instruments have actually been collected.
