Collateral Reserve Account. In accordance with and as more fully set forth in the Security Agreement, the Borrower and each Guarantor shall: (1) establish and maintain a lockbox; and (2) upon the request of the Required Banks, establish and maintain with the Agent a Collateral Reserve Account.
Appears in 3 contracts
Samples: Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc), Credit Agreement (Bassett Furniture Industries Inc)
Collateral Reserve Account. In accordance with and as more fully set forth in the Security Agreement, the Borrower and each Guarantor shall: (1) as soon as practicable but in any event before July 1, 2001, establish and maintain a lockbox; and (2) upon the request of the Required Banks, establish and maintain with the Agent a Collateral Reserve Account.
Appears in 1 contract
Samples: Credit Agreement (Bassett Furniture Industries Inc)
Collateral Reserve Account. In accordance with and as more fully set forth in the Security Agreement, the Borrower and Borrower, each Guarantor and the other Loan Parties shall: (1) establish and maintain a lockbox; and (2) upon the request of the Required BanksBank, establish and maintain with the Agent Bank a Collateral Reserve Account.
Appears in 1 contract
Samples: Credit Agreement (Bassett Furniture Industries Inc)
