Common use of Deposit and Brokerage Accounts Clause in Contracts

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Kinetek Inc), Loan and Security Agreement (D & K Healthcare Resources Inc), Loan and Security Agreement (Kinetek Inc)

AutoNDA by SimpleDocs

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at AgentLender's request and option, pursuant to an agreement in form and substance reasonably satisfactory to AgentLender, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent Lender to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 4 contracts

Samples: Loan and Security Agreement (Media Sciences International Inc), Loan and Security Agreement (Pure World Inc), Loan and Security Agreement (Joule Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions only from Agent to such depository bank or securities intermediary, as applicable, and not from a Borrower, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 3 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Home Products International Inc), Loan and Security Agreement (Bayou Steel Corp)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions only from Agent to such depository bank or securities intermediary, as applicable, and not from a Borrower, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Wabash National Corp /De), Loan and Security Agreement (Wabash National Corp /De)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's Lender’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to AgentLender, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent Lender to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Iwt Tesoro Corp), Loan and Security Agreement (Iwt Tesoro Corp)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pw Eagle Inc), Loan and Security Agreement (Home Products International Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Pw Eagle Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that Borrower or any Borrower Guarantor at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of Borrower or such BorrowerGuarantor.

Appears in 1 contract

Samples: Loan and Security Agreement (Mobile Mini Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any a Borrower at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to AgentLender, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such the applicable Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such the applicable Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

AutoNDA by SimpleDocs

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any each Borrower at any time opens or maintains, such Borrower shall, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to AgentAgent and Borrower, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Gulfside Supply, Inc.)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that Borrower or any Borrower Guarantors at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of Borrower or such BorrowerGuarantor.

Appears in 1 contract

Samples: Loan and Security Agreement (Mobile Mini Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such the applicable Borrower.. 8.1.9

Appears in 1 contract

Samples: Loan and Security Agreement (Mfri Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any a Borrower at any time opens or maintains, such Borrower shall, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to AgentLender, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Restoration Hardware Inc)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Industrial Data Systems Corp)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that Borrower or any Borrower Subsidiary at any time opens or maintains, Borrower or such Borrower Subsidiary, as applicable, shall, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit account or brokerage account, without further consent of such Borrower.

Appears in 1 contract

Samples: And Security Agreement (Weirton Steel Corp)

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower at any time opens or maintains, such Borrower Borrowers shall, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of such BorrowerBorrowers.

Appears in 1 contract

Samples: Loan and Security Agreement (Rewards Network Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.