Blocked Account. On or before the Closing Date and until all Obligations have been fully and finally paid., Borrower shall establish a blocked account with Lender (“Blocked Account”), and deposit and/or shall cause to be deposited directly into such Blocked Account all payments swept from the Trust Account in a manner consistent with the Cash Management System.
Appears in 4 contracts
Sources: Loan Agreement (Newtek Business Services Corp.), Loan and Security Agreement (Newtek Business Services, Inc.), Loan and Security Agreement (Newtek Business Services, Inc.)
Blocked Account. On or before the Closing Date and until all Obligations have been fully and finally paid.the Maturity Date, Borrower shall establish a blocked account with Lender (“"Blocked Account”"), and deposit and/or shall cause to be deposited directly into such Blocked Account all payments swept from the Trust Account in a manner consistent with the Cash Management System.
Appears in 1 contract
Sources: Loan and Security Agreement (Newtek Business Services Inc)
Blocked Account. On or before the Closing Date and until all Obligations have been fully and finally paid.the Maturity Date, Borrower shall establish a blocked account with Lender (“Blocked Account”), and deposit and/or shall cause to be deposited directly into such Blocked Account all payments swept from the Trust Account in a manner consistent with the Cash Management System.
Appears in 1 contract
Sources: Loan and Security Agreement (Newtek Business Services Inc)