Common use of Deposit Accounts, Other Accounts and Investment Property Clause in Contracts

Deposit Accounts, Other Accounts and Investment Property. To the extent the same relates to any Pledged Loan, Borrower shall (i) promptly, and in any event within five (5) Business Days after Borrower (A) establishes any Deposit Account, securities account, money market account or any similar account, or (B) becomes the owner of any Investment Property, in each case, on and with respect to which Agent does not have a perfected, first-priority Lien, notify Lender of such, and thereafter (ii) deliver to Agent, within ten (10) Business Days, documentation to perfect Agent’s Lien thereon and provide Agent control of, in each case in form and substance acceptable to Agent in its sole discretion.

Appears in 3 contracts

Samples: Loan and Security Agreement (Harvest Capital Credit Corp), Loan and Security Agreement (Harvest Capital Credit Corp), Loan and Security Agreement (Harvest Capital Credit Corp)

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Deposit Accounts, Other Accounts and Investment Property. To the extent the same relates to any Pledged Loan, Borrower shall (i) promptly, and in any event within five (5) Business Days after Borrower (A) establishes any Deposit Account, securities account, money market account or any similar account, or (B) becomes the owner of any Investment Property, in each case, on and with respect to which Agent does not have a perfected, first-priority Lien, notify Lender of such, and thereafter (ii) deliver to Agent, within ten (10) Business Days, documentation to perfect Agent’s Lien thereon and provide Agent control ofthereof, in each case in form and substance acceptable to Agent in its sole discretion; provided, that for the avoidance of doubt, Borrower shall not be required to deliver any documentation to perfect Agent’s Lien with respect to the Specified Operating Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvest Capital Credit Corp)

Deposit Accounts, Other Accounts and Investment Property. To the extent the same relates to any Pledged Loan, Borrower shall (i) promptly, and in any event within five (5) Business Days after Borrower (A) establishes any Deposit AccountAccount (other than the Existing Accounts), securities account, money market account or any similar account, or (B) becomes the owner of any Investment PropertyProperty (other than any interest in the Company), in each case, on and with respect to which Agent does not have a perfected, first-first priority Lien, notify Lender of such, and thereafter (ii) deliver to Agent, within ten (10) Business Days, documentation to perfect Agent’s Lien thereon and provide Agent control of, in each case in form and substance acceptable to Agent in its sole discretionreasonably acceptable.

Appears in 1 contract

Samples: Master Loan and Security Agreement (iDNA, Inc.)

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Deposit Accounts, Other Accounts and Investment Property. To the extent the same relates to any Pledged Loan, Borrower shall (i) promptly, and in any event within five (5) Business Days after Borrower (A) establishes any Deposit Account, securities account, money market account or any similar account, or (B) becomes the owner of any Investment Property, in each case, on and with respect to which Agent does not have a perfected, first-priority Lien, notify Lender of such, and thereafter (ii) deliver to Agent, within ten (10) Business Days, documentation to perfect Agent’s Lien thereon and provide Agent control ofofthereof, in each case in form and substance acceptable to Agent in its sole discretion; provided, that for the avoidance of doubt, Borrower shall not be required to deliver any documentation to perfect Agent’s Lien with respect to the Specified Operating Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvest Capital Credit Corp)

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