Common use of Borrower’s Accounts Clause in Contracts

Borrower’s Accounts. Except as prohibited by law, Borrower grants Bxxx x xxcurity interest in all of Borrower's accounts with Bank and any of its affiliates. Swap Agreexxxxx. Xll swap agreements (as defined in 11 U.S.C. ss. 101, as in effect from time to time), if any, between Borrower and Bank or its affiliates are independent agreements governed by the written provisions of said swap agreements, which will remain in full force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of this Note, except as otherwise expressly provided in said written swap agreements, and any payoff statement from Bank relating to this Note shall not apply to said swap agreements unless expressly referred to in such payoff statement.

Appears in 2 contracts

Samples: Promissory Note (Paragon Technologies Inc), Promissory Note (Paragon Technologies Inc)

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Borrower’s Accounts. Except as prohibited by law, Borrower grants Bxxx x xxcurity Bank a security interest in all of Borrower's accounts with Bank and any of its affiliates. Swap AgreexxxxxSWAP AGREEMEXXX. Xll Xxx swap agreements (as defined in 11 U.S.C. ss. 101, as in effect from time to time), if any, between Borrower and Bank or its affiliates are independent agreements governed by the written provisions of said swap agreements, which will remain in full force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of this Note, except as otherwise expressly provided in said written swap agreements, and any payoff statement from Bank relating to this Note shall not apply to said swap agreements unless except as otherwise expressly referred to provided in such payoff statement.

Appears in 1 contract

Samples: Promissory Note (Tofutti Brands Inc)

Borrower’s Accounts. Except as prohibited by law, Borrower grants Bxxx x xxcurity Bank a security interest in all of Borrower's deposit accounts and investment property with Bank and any of its affiliates. Swap AgreexxxxxAgreements. Xll All swap agreements (as defined in 11 U.S.C. ss. § 101, as in effect from time to time), if any, between Borrower and Bank or its affiliates are independent agreements governed by the written provisions of said swap agreements, which will remain in full force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of this the Amended Note, except as otherwise expressly provided in said written swap agreements, and any payoff statement from Bank relating to this the Amended Note shall not apply to said swap agreements unless except as otherwise expressly referred to provided in such payoff statement.

Appears in 1 contract

Samples: Revolving Promissory Note and Revolving Credit and Security Agreement (Acme United Corp)

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Borrower’s Accounts. Except as prohibited by law, Borrower grants Bxxx x xxcurity Bank a security interest in all of Borrower's accounts with Bank and any of its affiliates. Swap AgreexxxxxSWAP AGREEMENTS. Xll All swap agreements (as defined in 11 U.S.C. ss. Section 101, as in effect from time to time), if any, between Borrower and Bank or its affiliates are independent agreements governed by the written provisions of said swap agreements, which will remain in full force and effect, unaffected by any repayment, prepayment, acceleration, reduction, increase or change in the terms of this Note, except as otherwise expressly provided in said written swap agreements, and any payoff statement from Bank relating to this Note shall not apply to said swap agreements unless expressly referred to in such payoff statement.

Appears in 1 contract

Samples: Loan Agreement (Steelcloud Inc)

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