Common use of U.S. Designated Accounts Clause in Contracts

U.S. Designated Accounts. On or prior to the Closing Date, the U.S. Parent Borrower delivered to the U.S. Administrative Agent a notice setting forth the account for the U.S. Borrowers (each, a “U.S. Designated Account”) to which each Administrative Agent is authorized to transfer the proceeds of the Loans requested hereunder by the U.S. Parent Borrower. The U.S. Parent Borrower may designate a replacement account from time to time by written notice to the U.S. Administrative Agent duly executed by an Authorized Officer of the U.S. Parent Borrower. All such U.S. Designated Accounts must be reasonably satisfactory to the U.S. Administrative Agent.

Appears in 2 contracts

Samples: Abl Credit Agreement (Univar Solutions Inc.), Abl Credit Agreement (Univar Inc.)

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U.S. Designated Accounts. On or prior to the Closing Date, the U.S. Parent Borrower delivered shall deliver to the U.S. Administrative Agent a notice setting forth the account for the U.S. Borrowers (each, a “U.S. Designated Account”) to which each Administrative Agent is authorized to transfer the proceeds of the Loans requested hereunder by the U.S. Parent Borrower. The U.S. Parent Borrower may designate a replacement account from time to time by written notice to the U.S. Administrative Agent duly executed by an Authorized Officer of the U.S. Parent Borrower. All such U.S. Designated Accounts must be reasonably satisfactory to the U.S. Administrative Agent.

Appears in 1 contract

Samples: Abl Credit Agreement (Univar Inc.)

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U.S. Designated Accounts. On or prior Prior to the Closing Date, the U.S. Parent Borrower delivered to the U.S. Administrative Agent a notice setting forth the account for the U.S. Borrowers (each, a “U.S. Designated Account”) to which each Administrative Agent is authorized to transfer the proceeds of the Loans requested hereunder by the U.S. Parent Borrower. The U.S. Parent Borrower may designate a replacement account from time to time by written notice to the U.S. Administrative Agent duly executed by an Authorized Officer of the U.S. Parent Borrower. All such U.S. Designated Accounts must be reasonably satisfactory to the U.S. Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Univar Inc.)

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