Example ContractsClausesDeposit Accounts
Deposit Accounts
Deposit Accounts contract clause examples

Deposit Accounts. Other than Excluded Accounts, neither Borrower nor any Qualified Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Agent has an Account Control Agreement.

Deposit Accounts. Borrower shall maintain its primary deposit and operating accounts with Independent Bank.

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Agent has an Account Control Agreement; provided that no Account Control Agreement shall be required for any Excluded Account.

Deposit Accounts. Borrower shall maintain its primary deposit and operating accounts with Administrative Agent.

Deposit Accounts. Permit the aggregate balance in deposit accounts of the Credit Parties that are located outside of the United States to exceed $15,000,000 for more than five (5) consecutive Business Days; provided, that such time may be extended in Agent's sole discretion for valid business purposes disclosed to Agent.

Deposit Accounts. No Loan Party shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Agent has an Account Control Agreement. Notwithstanding the foregoing, the Borrower and its Subsidiaries shall not be required to obtain an Account Control Agreement with respect to Excluded Accounts.

Deposit Accounts. [Schedule 9.1.9] (as amended from time to time) sets forth all Deposit Accounts (other than Excluded Accounts) maintained by Borrowers, Lark, Ultimate Parent, Parent, Intermediate Holdco, Greencraft Holdings, Greencraft Interiors, Greencraft Stone.

Deposit Accounts. Agent’s Lien hereunder encumbers all amounts credited to any Deposit Account of a Collateral Party, including sums in any blocked, lockbox, sweep or collection account and all sums in the Collateral Accounts, other than, in each case, a Deposit Account that constitutes Excluded Property. Each Collateral Party hereby authorizes and directs each bank or other depository to deliver to Agent, upon request stating that an Event of Default has occurred and is continuing, all balances in any such Deposit Account maintained for such Collateral Party, without inquiry into the authority or right of Agent to make such request.

Deposit Accounts. [Schedule 8.3] lists all Deposit Accounts maintained by any Collateral Party. Each Collateral Party shall take all actions reasonably necessary to establish Agent’s Lien on each Deposit Account in accordance with the Loan Documents. The Collateral Parties shall be the sole account holders of each Deposit Account and shall not allow any Person (other than Agent and the depository bank) to have control over their Deposit Accounts or any Property deposited therein. Without limiting [Section 10.2.20], the Collateral Parties shall promptly notify Agent of any opening or closing of a Deposit Account and will amend [Schedule 8.3] to reflect same.

Deposit Accounts. Agent’s Lien hereunder encumbers all amounts credited to any Deposit Account of a Borrower or Guarantor, including sums in any blocked, lockbox, sweep or collection account, but in all events excluding all Excluded Property. Each Borrower hereby authorizes and directs each bank or other depository, solely during a Cash Dominion Trigger Period, to deliver to Agent, upon request, all balances in any Deposit Account included in the Collateral that is maintained for such Borrower, without inquiry into the authority or right of Agent to make such request.

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