Assignment of Loan Proceeds. Borrower irrevocably assigns to the Bank and grants a security interest to the Bank in and to its right, title and interest in: a.) All Loan proceeds held by the Bank, whether or not disbursed; and b.) All funds deposited by the Borrower with the Bank under this Agreement or otherwise.
Appears in 3 contracts
Samples: Master Loan Agreement (Bowlin Travel Centers Inc), Master Loan Agreement (Bowlin Outdoor Advertising & Travel Centers Inc), Master Loan Agreement (Bowlin Travel Centers Inc)
Assignment of Loan Proceeds. Borrower irrevocably assigns to the Bank and grants a security interest to the Bank in and to its right, title and interest in:
a.) All Loan proceeds held by the Bank, whether or not disbursed; and
b.) All funds deposited by the Borrower with the Bank each under this Agreement or otherwise.
Appears in 1 contract
Samples: Loan Agreement (Bowlin Outdoor Advertising & Travel Centers Inc)
