Automatic Deduction. (a) Throughout the term of the Loan, Borrower shall maintain the Checking Account in good standing with Lender. Borrower hereby grants to Lender a security interest in the Checking Account, and any other accounts and deposit accounts from which Borrower may from time to time authorize Lender to debit payments due on the Loan, for the purpose of securing the Obligations.
Appears in 3 contracts
Samples: Term Loan Agreement, Term Loan Agreement (American Realty Capital - Retail Centers of America, Inc.), Term Loan Agreement (Inland Diversified Real Estate Trust, Inc.)
Automatic Deduction. (a) Throughout the term of the Loan, Borrower Borrowers shall maintain the Checking Account in good standing with Lender. Each Borrower hereby grants to Lender a security interest in the Checking Account, and any other accounts and deposit accounts from which Borrower may from time to time authorize Lender to debit payments due on the Loan, Account for the purpose of securing the Obligations.
Appears in 3 contracts
Samples: Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)
Automatic Deduction. (a) Throughout the term of the Loan, Borrower shall maintain the Checking Account in good standing with Lender. Borrower hereby grants to Lender a security interest in the Checking Account, and any other accounts and deposit accounts from which Borrower may from time to time authorize Lender to debit payments due on the Loan, Account for the purpose of securing the Obligations.
Appears in 3 contracts
Samples: Term Loan Agreement, Term Loan Agreement (KBS Strategic Opportunity REIT, Inc.), Term Loan Agreement (KBS Real Estate Investment Trust III, Inc.)
