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, contemporaneously with the opening of such account, 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 (Falcon Products Inc /De/), Loan and Security Agreement (Falcon Products Inc /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, contemporaneously with the opening of such account, 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 (Falcon Products Inc /De/)
Deposit and Brokerage Accounts. For each deposit ------------------------------ account Deposit Account or brokerage account that any Borrower at any time opens or maintains, such Borrower shall, at the Administrative Agent's request and option, contemporaneously with the opening of such account, pursuant to an agreement in form and substance reasonably satisfactory to the Administrative Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from the Administrative 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: Petition Credit Agreement (Falcon Products Inc /De/)