Examples of Casino Bank Accounts in a sentence
The Entities, acting through the Management Committee, shall maintain the Casino Bank Accounts with the Cottonport Bank in accordance with the terms of the Management Contract.
Until such time as the Cottonport Bank has received such a Termination Certificate, the Cottonport Bank shall continue to transfer funds from the Casino Bank Accounts in accordance with the terms hereof and to otherwise comply with the provisions of this Agreement.
As security for the payment and performance of all of the Obligations, each Entity hereby pledges to Hibernia, and grants to Hibernia a continuing security interest in, all of the right, title and interest of each Entity in and to the Collateral, whether now or hereafter owned, existing, arising or acquired, including without limitation, the Casino Bank Accounts and all funds currently or hereafter deposited therein or credited thereto.
Further, the Cottonport Bank will notify Hibernia immediately upon the Cottonport Bank's receipt of a notice of a claim of a security interest asserted, or lien filed, by any Person in and to the Casino Bank Accounts.
The Cottonport Bank hereby subordinates to the security interest granted herein to Hibernia any right of offset or any other security interest that the Cottonport Bank has, or may hereafter obtain, in and to the Casino Bank Accounts.
The Cottonport Bank will notify Hibernia immediately in the event the account numbers for the Casino Bank Accounts change.
The Cottonport Bank is hereby authorized and directed by the Entities to forward to Hibernia copies of the monthly statements regarding the Casino Bank Accounts concurrently with the distribution of such monthly statements of the Casino Bank Accounts to the Manager and/or the Tribe.
Cottonport Bank hereby warrants and represents to Hibernia that: (a) the Casino Bank Accounts exist and the accounts numbers specified herein with respect to the Casino Bank Accounts are correct; (b) the Tribe is the sole owner of the Casino Bank Accounts as reflected in the records of the Cottonport Bank; and (c) Cottonport Bank has not received notice from any third party, other than Hibernia, that any such third party has taken or claims a security interest in the Casino Bank Accounts.
In the event that the Cottonport Bank fails to comply with its obligations hereunder, the Entities, at the request of Hibernia, shall move custody of the Casino Bank Accounts to another financial institution mutually acceptable to the Entities and Hibernia.
The Cottonport Bank shall make the transfers authorized in Sections 3.1 to the extent funds are credited to the Casino Bank Accounts.