Common use of Use of the Collateral Accounts Clause in Contracts

Use of the Collateral Accounts. If a Cash Control Event has occurred and is continuing, the applicable Borrower may withdraw funds from its Collateral Account only in compliance with Section 9.15. 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. If the applicable Account Bank with respect to any Collateral Account ceases to be an Eligible Institution, each Borrower, as applicable, shall have sixty (60) days following notice from the Administrative Agent to move its Collateral Account to a replacement Account Bank that is an Eligible Institution. If an Account Bank terminates a Control Agreement, the applicable Borrower shall open a new Collateral Account that is subject to a new Control Agreement with a replacement Account Bank within sixty (60) days of such termination or such longer period as may be reasonably approved by the Administrative Agent.

Use of the Collateral Accounts. If a Cash Control Event has occurred and is continuing, the applicable Borrower Borrowers may withdraw funds from its the Collateral Account Accounts only in compliance with Section 9.15. Upon the occurrence and during the continuance continuation of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of the Collateral Accounts. If the applicable Account Bank with respect to any Collateral Account ceases to be Xxxxx Fargo or an Eligible Institution, each Borrower, as applicable, the Borrowers shall have sixty (60) days following notice from the Administrative Agent to move its Collateral Account to a replacement Account Bank that is Xxxxx Fargo or an Eligible Institution. If an Account Bank terminates a Control Agreement, the applicable Borrower shall open a new Collateral Account that is subject to a new Control Agreement with a replacement Account Bank within sixty (60) days of such termination or such longer period as may be reasonably approved by the Administrative Agent.

Use of the Collateral Accounts. If a Cash Control Event has occurred and is continuing, the applicable Borrower may withdraw funds from its Collateral Account only in compliance with Section 9.15. Upon the occurrence and during the continuance continuation of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of the Collateral Accounts. If the applicable Account Bank with respect to any Collateral Account ceases to be an Eligible Institution, each Borrower, as applicable, shall have sixty (60) days following notice from the Administrative Agent to move its Collateral Account to a replacement Account Bank that is an Eligible Institution. If an Account Bank terminates a Control Agreement, the applicable Borrower shall open a new Collateral Account that is subject to a new Control Agreement with a replacement Account Bank within sixty (60) days of such termination or such longer period as may be reasonably approved by the Administrative Agent.

Use of the Collateral Accounts. If a Cash Control Event has occurred and is continuing, the applicable Borrower may withdraw funds from its Collateral Account only in compliance with Section 9.15. Upon the occurrence and during the continuance continuation of a Cash Control Event, the Administrative Agent is authorized to take exclusive control of the Collateral Accounts. If the applicable Account Bank with respect to any Collateral Account ceases to be an Eligible Institution, each Borrower, as applicable, shall have sixty (60) days following notice from the Administrative Agent to move its Collateral Account to a replacement Account Bank that is an Eligible Institution. If an Account Bank terminates a Control Agreement, the applicable USActive 51532649.853699586.5 Borrower shall open a new Collateral Account that is subject to a new Control Agreement with a replacement Account Bank within sixty (60) days of such termination or such longer period as may be reasonably approved by the Administrative Agent.