Withdrawal of Funds; Appointment of Agents Sample Clauses

Withdrawal of Funds; Appointment of Agents. The Accounts may be established due to the requirements of Section 5.20 of the Credit Agreement. The exact title of the Accounts should be substantially similar to that set forth on Exhibit A hereto. The Accounts shall be subject to withdrawal by order only of such officers and agents of the Agent as the Agent may designate from time to time for the purposes described herein and in the Loan Documents and Borrower shall not have the right to withdraw any funds from such Accounts unless so permitted, provided, however, that at such time as the Agent determines that any applicable conditions set forth in the Credit Agreement are satisfied, Borrower may request that monies be released from the Accounts and the Agent shall promptly release said monies to Borrower. The Agent shall have the right to appoint one or more agents for the purpose of retaining physical possession of the certificates or instruments representing or evidencing any of the Collateral, endorsed or assigned in blank or in favor of the Agent or any nominee or nominees of the Agent or an agent appointed by the Agent. In addition, the Agent shall at all times have the right to exchange certificates or instruments representing or evidencing Collateral for certificates of instruments of smaller or larger denominations for any purpose consistent with its performance of this Agreement.