Common use of Use of the Collateral Accounts Clause in Contracts

Use of the Collateral Accounts. The Borrowers may withdraw funds from the Collateral Accounts only in compliance with Section 9.18. Upon the occurrence of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of the Collateral Accounts.

Appears in 4 contracts

Samples: Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (MSD Investment Corp.), Revolving Credit Agreement (TCG BDC II, Inc.)

AutoNDA by SimpleDocs

Use of the Collateral Accounts. The Borrowers Credit Parties may withdraw funds from the Collateral Accounts only in compliance with Section 9.18. Upon the occurrence of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of the Collateral Accounts.

Appears in 1 contract

Samples: Revolving Credit Agreement (Acadia Realty Trust)

Use of the Collateral Accounts. The Borrowers may withdraw funds from the Collateral Accounts only in compliance with Section 9.18. Upon the occurrence of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of the Collateral Accounts.. 76 US-DOCS\106247413.1

Appears in 1 contract

Samples: Revolving Credit Agreement (TCG BDC II, Inc.)

AutoNDA by SimpleDocs

Use of the Collateral Accounts. The Borrowers Credit Parties may withdraw funds from the Collateral Accounts only in compliance with Section 9.18. Upon the occurrence and during the continuance of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of the Collateral Accounts.

Appears in 1 contract

Samples: Revolving Credit Agreement (Lord Abbett Private Credit Fund)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!