Common use of Account Designation Clause in Contracts

Account Designation. Designate only accounts with the Administrative Agent as the location for all deposits and payments required to be made to the Borrower as Buyer pursuant to the terms of the Asset Purchase Agreement.

Appears in 3 contracts

Sources: Credit Agreement (Paravant Inc), Credit Agreement (Paravant Inc), Credit Agreement (DRS Technologies Inc)

Account Designation. Designate only accounts with the Administrative Agent as the location for all deposits and payments required to be made to the Borrower as Buyer pursuant to the terms of the Asset Purchase IDT Merger Agreement.

Appears in 1 contract

Sources: Credit Agreement (DRS Technologies Inc)

Account Designation. Designate only accounts with the Administrative Agent as the location for all deposits and payments required to be made to the Borrower as Buyer pursuant to the terms of the Asset Sensors Purchase Agreement and the Paravant Merger Agreement.

Appears in 1 contract

Sources: Credit Agreement (DRS Technologies Inc)