Certain Deposit Accounts Clause Samples

Certain Deposit Accounts. Subject to Section 6.17(b), Agent shall have received, in form and substance satisfactory to Agent, duly executed agreements establishing the Funding Account and the Depository Accounts, together with Control Agreements acceptable to Agent;

Certain Deposit Accounts. With respect to any deposit account located in California, Hawaii, Idaho, Illinois, or Indiana or any other state in which on the date hereof or hereafter a security interest in a deposit account may be perfected by notifying the bank maintaining such deposit account of a secured party's security interest in such deposit account (each, individually, a "Notice Deposit Account"), the Grantors shall provide to each bank maintaining such a Notice Deposit Account the notice necessary under the laws of the applicable state to perfect the Security Interest in such deposit account.

Certain Deposit Accounts. No later than one hundred eighty (180) days after the Closing Date, unless a longer period is agreed to by Agent, Borrowers shall have closed those Deposit Accounts designated as Deposit Accounts to be closed in Schedule 6.19 hereto; provided that, prior to any such closing, Borrowers shall periodically (but in no event less frequently than weekly to the extent that the balances exceed Ten Thousand Dollars ($10,000)) remit funds from such Deposit Accounts to the Concentration Account.

Certain Deposit Accounts. Without limiting the provisions of Sections 6.03 and 9.05(ii), none of the Credit Parties will maintain a Lockbox Account or a Deposit Account (as defined in the Security Agreement) in which the Credit Parties hold more than an average daily balance of $100,000 measured on a rolling trailing thirty (30) day basis for the Credit Parties (on an individual basis), unless such Lockbox Account or Deposit Account is (x) subject to a “control agreement” referred to in Section 3.9 of the Security Agreement or (y) otherwise under the “control” (within the meaning of Section 9-104 of the New York UCC) of the Collateral Agent. In addition, no Intercompany Secured Obligor Subsidiary shall maintain a Lockbox Account or a Deposit Account unless such Lockbox Account or Deposit Account is subject to a perfected security interest in favor of a Credit Party, to secure payment of the obligations under the applicable Intercompany Secured Note. Notwithstanding anything herein to the contrary, this Section 8.17 shall not apply to any Deposit Accounts located in jurisdictions outside the United States, provided that the average daily balance in all such Deposit Accounts not subject to a control agreement or perfected security interest in such jurisdictions shall not exceed at any time the sum of $5,000,000 plus the aggregate amount of trade payables due in such jurisdictions within sixty (60) days of the date of determination.

Certain Deposit Accounts. Without limiting the provisions of Sections 6.03 and 9.05(ii), the Borrower will not, and will not permit any of its Domestic Subsidiaries to, maintain Deposit Accounts (as defined in the Security Agreement) in which the Borrower or any such Domestic Subsidiary holds more than an average daily balance of $1,000,000 measured on a rolling trailing thirty (30) day basis for the Borrower or any such Domestic Subsidiary (on an individual basis), unless such Deposit Account or Deposit Accounts are (x) subject to a “control agreement” referred to in Section 3.9 of the Security Agreement or (y) otherwise under the “control” (within the meaning of Section 9-104 of the New York UCC) of the Collateral Agent.

Certain Deposit Accounts. Unless the Administrative Agent otherwise consents in writing, in order to facilitate the Administrative Agent’s and the Lenders’ maintenance and monitoring of their security interests in the Collateral, maintain, on and after that date which is 90 days after the Closing Date, all principal deposit accounts of the Parent and its Domestic Subsidiaries in the United States with the Administrative Agent; and each German Borrower shall maintain, on and after that date which is 90 days after the Closing Date, a deposit account with the Administrative Agent or an Affiliate of the Administrative Agent.

Certain Deposit Accounts. The Loan Parties shall maintain a collection account and a funding account with the Administrative Agent until such time as the Commitments have been terminated, the Secured Obligations (other than Unliquidated Obligations) have been paid in full in cash, and all Unliquidated Obligations have been cash collateralized in a manner satisfactory to each affected Lender.

Certain Deposit Accounts. Deposit or otherwise remit cash or other amounts into the Settlement Escrow Account, the Working Capital Escrow Account or the Reinvestment Accounts (each as defined in the Term Loan Agreement as in effect on the date hereof), except to the extent expressly required by the Term Loan Agreement as in effect on the date hereof.

Certain Deposit Accounts. In addition to and without limiting the generality of any of the foregoing provisions of this Section 6, each Co-Borrower hereby covenants and agrees that, with respect to each Deposit Account set forth on Schedule 6.10, it shall execute and deliver, and cause such financial institution where such Deposit Account is maintained to execute and deliver, a control agreement among such financial institution, the Co-Borrowers and the Lender, in form and substance satisfactory to the Lender, pursuant to which the Lender perfects its security interest in such Deposit Account and all proceeds thereof by control.