Collateral Control Account. Lender may, on occasion, agree to permit Borrower to maintain a Deposit Account in addition to the Collateral Account (the “Collateral Control Account”), provided
Appears in 1 contract
Collateral Control Account. Lender may, on occasion, agree to permit Borrower to maintain a Deposit Account in addition to the Collateral Account (the “"Collateral Control Account”"), providedprovided (a) Lender has received a control agreement in form and substance acceptable to Lender, which is fully executed by the financial institution where such account is located; and (b) such account is a blocked account to which only Lender may have access. A description of said Collateral Control Account is set forth in Exhibit A hereto.
Appears in 1 contract
Samples: Loan and Security Agreement (Vertical Branding, Inc.)
Collateral Control Account. Lender may, on occasion, agree to permit Borrower to maintain a Deposit Account in addition to the Collateral Account (the “"Collateral Control Account”"), providedprovided (a) Lender has received a control agreement in form and substance acceptable to Lender, which is fully executed by the financial institution where such account is located; and (b) such account is a blocked account to which only Lender may have access. A description of said Collateral Control Account is set forth in EXHIBIT A hereto.
Appears in 1 contract
Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)
Collateral Control Account. Lender may, on occasion, agree to permit Borrower to maintain a Deposit Account in addition to the Collateral Account (the “Collateral Control Account”), providedprovided (a) Lender has received a control agreement in form and substance acceptable to Lender, which is fully executed by the financial institution where such account is located; and (b) such account is a blocked account to which only Lender may have access. A description of said Collateral Control Account is set forth in Exhibit A hereto.
Appears in 1 contract
