Common use of Borrower Accounts Clause in Contracts

Borrower Accounts. The Borrower shall on or prior to the Utilisation Date open and maintain the following bank accounts with the designated branch of the Account Bank with the Account Bank Minimum Rating Requirements in the name of the Borrower: 11.1.1.1 a current account Sort Code 6019 Account No: ▇▇▇▇▇▇▇▇ designated the "GENERAL ACCOUNT"; 11.1.1.2 a deposit account Sort Code 6019 Account No: ▇▇▇▇▇▇▇▇ designated the "BORROWER RENT ACCOUNT"; 11.1.1.3 a deposit account Sort Code 6019 Account No: ▇▇▇▇▇▇▇▇ designated the "BORROWER SALES PROCEEDS ACCOUNT";