Common use of Qualifying Control Agreements Clause in Contracts

Qualifying Control Agreements. Subject to Section 6.20(b), each Loan Party shall maintain no deposit accounts or securities accounts other than (i) Excluded Accounts, (ii) deposit accounts that are maintained at all times with depositary institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement, and (iii) securities accounts that are maintained at all times with financial institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement.

Qualifying Control Agreements. Subject to Section 6.20(b), each No Loan Party shall maintain no any deposit accounts or securities accounts other than (i) Excluded Accounts, (ii) subject to Section 6.22, deposit accounts that are maintained at all times with depositary institutions as to which the Administrative Agent shall have received a Qualifying Control AgreementAgreement (other than those in existence on the Closing Date, unless requested by the Administrative Agent), and (iii) securities accounts that are maintained at all times with financial institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement.