Common use of Controlled Deposit Accounts Clause in Contracts

Controlled Deposit Accounts. Each Lien Grantor represents, warrants and covenants as follows: (a) To the extent required by Section 7.13 of the Credit Agreement, all cash owned by such Lien Grantor will be deposited, upon or promptly after the receipt thereof, in one or more Controlled Deposit Accounts. Each Controlled Deposit Account will be operated as provided in Section 15. (b) In respect of each Controlled Deposit Account, the Depositary Bank’s jurisdiction (determined as provided in UCC Section 9-304) will at all times be a jurisdiction in which Article 9 of the Uniform Commercial Code is in effect. (c) So long as the Collateral Agent has Control of a Controlled Deposit Account, the Security Interest in such Controlled Deposit Account will be perfected, subject to no prior Liens or rights of others (except Permitted Encumbrances and the Depositary Bank’s right to deduct its normal operating charges and any uncollected funds previously credited thereto).

Controlled Deposit Accounts. Each Lien Grantor represents, warrants and covenants as follows: (a) To Within 60 days after the extent required by Closing Date, subject to Section 7.13 of the Credit Agreement10(d), all cash owned by such Lien Grantor will be deposited, upon or promptly after the receipt thereof, in one or more Controlled Deposit Accounts. Each Controlled Deposit Account will be operated as provided in Section 1512. (b) In respect of each Controlled Deposit Account, the Depositary Bank’s 's jurisdiction (determined as provided in UCC Section 9-304) will at all times be a jurisdiction in which Article 9 of the Uniform Commercial Code is in effect. (c) So long as the Collateral Administrative Agent has Control of a Controlled Deposit Account, the Security Interest in Transaction Lien on such Controlled Deposit Account will be perfected, subject to no prior Liens or rights of others (except Permitted Encumbrances and the Depositary Bank’s 's right to deduct its normal operating charges and any uncollected funds previously credited thereto, and any Permitted Liens in existence on the Closing Date and not securing Indebtedness).

Controlled Deposit Accounts. Each Lien Grantor represents, warrants and covenants as follows: (a) To Except for cash deposited in Deposit Accounts not included in the extent required by Section 7.13 of the Credit AgreementCollateral or distributed to its shareholders, all cash owned by such Lien Grantor will be deposited, upon or promptly after the receipt thereof, in one or more Controlled Deposit Accounts. Each Controlled Deposit Account will be operated as provided in Section 158. (b) In respect of each Controlled Deposit Account, the Depositary Bank’s jurisdiction (determined as provided in UCC Section 9-304) will at all times be a jurisdiction in which Article 9 of the Uniform Commercial Code is in effect. (c) So long as the Collateral Administrative Agent has Control of a Controlled Deposit Account, the Security Interest in Transaction Lien on such Controlled Deposit Account will be perfected, subject to no prior Liens or rights of others (except Permitted Encumbrances and the Depositary Bank’s right to deduct its normal operating charges and any uncollected funds previously credited thereto).

Controlled Deposit Accounts. Each Lien Grantor represents, warrants and covenants as follows: (a) To Beginning on or prior to the extent required by Section 7.13 of date that is 60 days after the Credit AgreementIssue Date, all cash owned by such Lien Grantor will be deposited, upon or promptly after the receipt thereof, in one or more Controlled Deposit Accounts. Each Controlled Deposit Account will be operated as provided in Section 1510. (b) In respect of each Controlled Deposit Account, the Depositary Bank’s jurisdiction (determined as provided in UCC Section 9-304) will at all times be a jurisdiction in which Article 9 of the Uniform Commercial Code is in effect. (c) So long as the Collateral Applicable Agent has Control of a Controlled Deposit Account, the Security Interest in Transaction Lien on such Controlled Deposit Account will be perfected, subject to no prior Liens or rights of others (except Permitted Encumbrances and the Depositary Bank’s right to deduct its normal operating charges and any uncollected funds previously credited theretothereto and any other Liens consented to by the Collateral Agent, and Permitted Liens).