Common use of Commercial Account Clause in Contracts

Commercial Account. The term "COMMERCIAL ACCOUNT" means the commercial checking account to be established and maintained by the BORROWER with the LENDER and which may be utilized as the means of advancing funds under the LOAN.

Appears in 2 contracts

Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Accom Inc)

AutoNDA by SimpleDocs

Commercial Account. The term "β€œCOMMERCIAL ACCOUNT" ” means the commercial checking account to be established and maintained by any or all of the BORROWER BORROWERS with the LENDER and which may be utilized as the means of advancing funds under the LOAN.

Appears in 2 contracts

Samples: Loan and Security Agreement (Avatech Solutions Inc), Loan and Security Agreement (Avatech Solutions Inc)

Commercial Account. The term "COMMERCIAL ACCOUNT" ACCOUNT means the commercial checking account to be established and maintained by any or all of the BORROWER BORROWERS with the LENDER and which may be utilized as the means of advancing funds under the LOAN.

Appears in 1 contract

Samples: Loan and Security Agreement (Gse Systems Inc)

Commercial Account. The term "COMMERCIAL ACCOUNT" means the commercial checking account to be established and maintained by the BORROWER with the LENDER and which may be to utilized as the means of advancing funds under the proceeds of the LOAN.

Appears in 1 contract

Samples: Loan Agreement (Vocus, Inc.)

AutoNDA by SimpleDocs

Commercial Account. The term "COMMERCIAL ACCOUNT" means the commercial checking account to be established and maintained by the BORROWER with the LENDER and which may to be utilized as the means of advancing funds under the REVOLVING LOAN.

Appears in 1 contract

Samples: Loan and Security Agreement (Ea Engineering Science & Technology Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!