Letters of Direction. With respect to any Depository Account opened by any Credit Party after the Closing Date, such Credit Party shall, simultaneously with the opening of any such account, obtain a Letter of Direction executed by such Credit Party and the Depository Bank at which such Depository Account is maintained and shall deliver such executed Letter of Direction to Administrative Agent within five (5) Business Days following the opening of any such account.
Appears in 2 contracts
Sources: Credit Agreement (Kmart Holding Corp), Credit Agreement (Kmart Holding Corp)