Additional Collateral. All monies, reserves and proceeds received or collected by IBM Credit with respect to Accounts and other property of the Customer in possession of IBM Credit at any time or times hereafter are hereby pledged by Customer to IBM Credit as security for the payment of Customer's Obligations and shall be applied promptly by IBM Credit on account of the Customer's Obligations; provided, however, IBM Credit may release to the Customer such portions of such monies, reserves and proceeds as IBM Credit may from time to time determine, in its sole discretion.
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Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Litronic Inc)
Additional Collateral. All monies, reserves and proceeds received or collected by IBM Credit with respect to Accounts and other property of the Customer in possession of IBM Credit at any time or times hereafter are hereby pledged by Customer to IBM Credit as security for the payment of Customer's Obligations and shall may be held by IBM Credit (without interest to Customer) until Customer's Obligations are paid in full or applied promptly by IBM Credit on account of the Customer's Obligations; provided, however, . IBM Credit may release to the Customer such portions of such monies, reserves and proceeds as IBM Credit may from time to time determine, in its sole discretion.
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Samples: Revolving Loan and Security Agreement (Andrea Electronics Corp), Revolving Loan and Security Agreement (Netobjects Inc)
Additional Collateral. All monies, reserves and proceeds received or collected by IBM Credit with respect to Accounts and other property of the Customer in possession of IBM Credit at any time or times hereafter are hereby pledged by Customer to IBM Credit as security for the payment of Customer's Obligations and shall be applied promptly by IBM Credit on account of the Customer's ObligationsObligations in accordance with the provisions of this Agreement; provided, however, IBM Credit may release to the Customer such portions of such monies, reserves and proceeds as IBM Credit may from time to time determine, in its sole discretion.
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Samples: Working Capital Financing and Term Loan Agreement (Radius Inc), Working Capital Financing and Term Loan Agreement (Ibm Credit Corp)
Additional Collateral. All monies, reserves and proceeds received or collected by IBM Credit with respect to Accounts and other property of the Customer in possession of IBM Credit at any time or times hereafter are hereby pledged by Customer to IBM Credit as security for the payment of Customer's Obligations and shall be applied promptly by IBM Credit on account of the Customer's Obligations; provided, however, IBM Credit may release to the Customer such portions of such monies, reserves and proceeds as IBM Credit may from time to time determine, in its sole discretion.
Appears in 2 contracts
Samples: Inventory Financing Agreement (En Pointe Technologies Inc), Agreement for Inventory Financing (Pc Connection Inc)
Additional Collateral. All monies, reserves and proceeds received or collected by IBM Credit with respect to Accounts and other property of the Customer Collateral in possession of IBM Credit at any time or times hereafter are hereby pledged by Customer to IBM Credit as security for the payment of Customer's Obligations and shall be applied promptly by IBM Credit on account of the Customer's Obligations; provided, however, IBM Credit may release to the Customer such portions of such monies, reserves and proceeds as IBM Credit may from time to time determine, in its sole discretion.
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Samples: Inventory Financing Agreement (Compucom Systems Inc)
Additional Collateral. All monies, reserves and proceeds received or collected by IBM Credit with respect to Accounts and other property of the Customer Customers in possession of IBM Credit at any time or times hereafter are hereby pledged by Customer Customers to IBM Credit as security for the payment of Customer's Customers' Obligations and shall be applied promptly by IBM Credit on account of the Customer's Customers' Obligations; provided, however, IBM Credit may release to the Customer Customers such portions of such monies, reserves and proceeds as IBM Credit may from time to time determine, in its sole discretion.
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Samples: Inventory and Working Capital Financing Agreement (Savoir Technology Group Inc/De)
Additional Collateral. All monies, reserves and proceeds received or collected by IBM Credit with respect to Accounts and other property of the Customer Credit Parties in possession of IBM Credit at any time or times hereafter are hereby pledged by Customer any Credit Party to IBM Credit as security for the payment of Customer's the Obligations and shall be applied promptly by IBM Credit on account of the Customer's Obligations; provided, however, IBM Credit may release to the Customer any Credit Party such portions of such monies, reserves and proceeds as IBM Credit may from time to time determine, in its sole discretion.
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