Common use of Use of Collateral Accounts Clause in Contracts

Use of Collateral Accounts. The Credit Parties may withdraw funds from the Collateral Accounts only in compliance with Section 9.12 hereof. During the existence of the conditions specified in clauses (i) through (iv) of Section 9.12 hereof, the Credit Parties shall not have any right to withdraw funds from the Collateral Accounts except as described in Section 9.12 hereof. If the Depository with respect to a Collateral Account ceases to be an Eligible Institution, the applicable Credit Party shall have thirty (30) days following notice from the Administrative Agent (or by such later date that is reasonably acceptable to the Lenders) to move its Collateral Account to a replacement Depository that is an Eligible Institution. If a Depository for a Collateral Account terminates a Control Agreement, the applicable Credit Party shall open a new collateral account that is subject to a new Control Agreement with a replacement Depository within thirty (30) days of such termination (or by such later date that is reasonably acceptable to the Administrative Agent).