Examples of Account Bank in a sentence
The Servicer shall only terminate a Collection Account Bank or close a Collection Account (or a related Lock-Box) with the prior written consent of the Administrative Agent.
The Servicer shall only add a Collection Account (or a related Lock-Box), or a Collection Account Bank to those listed on Schedule II to this Agreement, if the Administrative Agent has received notice of such addition and an executed and acknowledged copy of an Account Control Agreement (or an amendment thereto) in form and substance acceptable to the Administrative Agent from the applicable Collection Account Bank.
Each of the Borrower, the Servicer and the Administrative Agent hereby direct the Collateral Agent, the Account Bank and the Collateral Administrator to execute this Amendment and acknowledge and agree that the Collateral Agent, Account Bank and Collateral Administrator will be fully protected in relying upon the foregoing direction.
Xxxxxxxxx Title: Vice President Acknowledged, Accepted and Agreed: U.S. Bank National Association, not in its individual capacity but solely as Account Bank, with respect to Article V By: /s/ Xxxx X.
The Seller (or the Servicer on its behalf) will cause each Collection Account Bank to comply with the terms of each applicable Account Control Agreement.