Common use of Deposit and Brokerage Accounts Clause in Contracts

Deposit and Brokerage Accounts. (a) As of the Closing Date, each deposit, brokerage, or other similar account maintained by the Loan Parties is described on Schedule 5.19. (b) Each deposit, brokerage, or other similar account maintained by the Loan Parties is pledged to the Collateral Agent for the benefit of the Lender Secured Parties to secure the Bank Obligations and (except in the case of “cage cash,” international marketing, payroll and zero balance accounts) is the subject of a Control Agreement.

Appears in 1 contract

Sources: Credit Agreement (CityCenter Holdings, LLC)

Deposit and Brokerage Accounts. (a) As of the Closing Date, each Each deposit, brokerage, or other similar account maintained by the Loan Parties is described on Schedule 5.195.23. (b) Each deposit, brokerage, or other similar account maintained by the Loan Parties is pledged to the Collateral Agent for the benefit of the Lender Secured Parties to secure the Bank Obligations and (except in the case of “cage cash,” international marketing, payroll and zero balance accounts) is the subject of a Control Agreement.

Appears in 1 contract

Sources: Credit Agreement (CityCenter Holdings, LLC)