Operating Banks Sample Clauses
The 'Operating Banks' clause defines which financial institutions are designated to handle the accounts and transactions related to the agreement. It typically specifies the names of the banks, the types of accounts to be used (such as collection or disbursement accounts), and the procedures for managing funds through these banks. By clearly identifying the operating banks, this clause ensures that all parties know where funds will be held and processed, reducing confusion and facilitating smooth financial operations under the contract.
Operating Banks. The Operating Bank shall be the Indenture Trustee, initially (as of the Initial Closing Date) Deutsche Bank Trust Company Americas, and such other Eligible Institutions as WEST shall designate in accordance with the requirements of the Indenture.
Operating Banks. The Operating Bank shall be the Indenture Trustee, initially (as of the Initial Closing Date) Deutsche Bank Trust Company Americas, and such other Eligible Institutions as WEST shall designate in accordance with the requirements of the Indenture. [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. Confidential Treatment Requested: Information for which confidential treatment has been requested is omitted and is noted with asterisks. An unredacted version of this document has been filed separately with the Securities and Exchange Commission.