Upon delivery of. (i) a Blocked Account Cash Sweep Notice from the Senior Collateral Agents, the balance of each Blocked Account shall be forwarded to the Concentration Account, each Business Day or the next Business Day (as permitted by the applicable Blocked Account Agreement), in same day funds, for so long as such Blocked Account Cash Sweep Notice shall be in effect; and (ii) a Concentration Account Cash Sweep Notice from the Senior Collateral Agents, the balance of the Concentration Account shall be forwarded to a Citibank Concentration Account, each Business Day (or the next Business Day (as permitted by the Concentration Account Agreement)), in same day funds, for so long as such Concentration Account Cash Sweep Notice shall be in effect.
Appears in 1 contract
Sources: Senior Subsidiary Security Agreement (Rite Aid Corp)
Upon delivery of. (i) a Blocked Account Cash Sweep Notice from the Senior Collateral AgentsAgent, the balance of each Blocked Account shall be forwarded to the Concentration Account, each Business Day or the next Business Day (as permitted by the applicable Blocked Account Agreement), in same day funds, for so long as such Blocked Account Cash Sweep Notice shall be in effect; and
(ii) a Concentration Account Cash Sweep Notice from the Senior Collateral AgentsAgent, the balance of the Concentration Account shall be forwarded to a Citibank Concentration Account, each Business Day (or the next Business Day (as permitted by the Concentration Account Agreement)), in same day funds, for so long as such Concentration Account Cash Sweep Notice shall be in effect.
Appears in 1 contract
Sources: Senior Subsidiary Security Agreement (Rite Aid Corp)