Deposit, Commodity and Security Accounts Sample Clauses

Deposit, Commodity and Security Accounts. It shall not amend or modify any Lockbox Agreement. It shall not open any new deposit, commodity or security account or otherwise utilize any deposit account other than the Contribution Account, the Disbursement Account and the other deposits accounts disclosed on Schedule 3.2 unless it shall have given the Secured Party thirty (30) days prior written notice thereof and shall have taken all action deemed necessary or desirable by the Secured Party to cause its security interest therein to be perfected with priority required by the Loan Documents. Prior to the occurrence and continuance of an Event of Default, it may make purchases and sales of Investment Property and Financial Assets in accordance with the restrictions on investment set out in the Credit Agreement provided that at no time shall it purchase or acquire marketable securities or open or maintain any commodity or security accounts. After the occurrence and during the continuance of an Event of Default it shall not be authorized to make purchases and sales of the Investment Property or Financial Assets and it shall take such steps as Secured Party may reasonably request to give Secured Party control over all Investment Property. It will not give any party control over any Investment Property or Financial Assets.
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Deposit, Commodity and Security Accounts. It shall not open any new deposit, commodity or security account or otherwise utilize any such account other than the accounts identified on Schedule 3.2 unless it shall have given the Agent thirty (30) days prior written notice thereof and shall have taken all action deemed necessary or desirable by the Agent to cause its security interest therein to be perfected with priority required by the Credit Agreement. When no Default exists, it may make purchases and sales of investment property in accordance with the restrictions on investment set out in the Credit Agreement and may make withdrawals from its deposit accounts. When a Default exists, it shall not be authorized to make purchases and sales of the investment property, shall not be authorized to make any withdrawals from any deposit account and it shall take such steps as Agent may reasonably request to give Agent control over all investment property and deposit accounts. It will not give any party except the Agent control over any investment property or deposit account.
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Deposit, Commodity and Security Accounts. Debtor shall not open any new deposit, commodity or security account or otherwise utilize any such account other than the accounts identified on Schedule 3.2 unless Debtor shall have given the Secured Party thirty (30) days prior written notice thereof and shall have taken all action deemed necessary or desirable by the Secured Party to cause its security interest therein to be perfected with priority required by the Loan Documents. Prior to the occurrence and continuance of a Default, the Debtor may make purchases and sales of Investment Property and Financial Assets in accordance with the restrictions on investment set out in the Credit Agreement. After the occurrence and during the continuance of an Event of Default the Debtor shall not be authorized to make purchases and sales of the Investment Property or Financial Assets and Debtor shall take such steps as Secured Party may reasonably request to give Secured Party control over all Investment Property and Financial Assets. Debtor will not give any party control over any Investment Property or Financial Assets.
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Deposit, Commodity and Security Accounts. Debtor shall not ----------------------------------------- open any new deposit, commodity, or securities account or otherwise utilize any such account other than the accounts identified on Schedule 3.2 unless Debtor ------------ shall have given Secured Party not less than thirty (30) days prior written notice thereof and shall have taken all action deemed reasonably necessary or desirable by Secured Party to cause its security interest therein to be perfected with the priority required by the Loan Documents. Prior to the occurrence and continuance of any Event of Default, Debtor may make purchases and sales of Investment Property or Financial Assets in accordance with the restrictions on investment set out in the Credit Agreement. After the occurrence and during the continuance of an Event of Default, Debtor shall not be authorized to make purchases and sales of the Investment Property or Financial Assets and Debtor shall take such steps as Secured Party may reasonably request to give Secured Party control over all Investment Property and Financial Assets. Except as permitted by this Agreement or the other Loan Documents, Debtor will not give any party control over any Investment Property or Financial Assets.
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Deposit, Commodity and Security Accounts. It shall not open any new deposit, commodity, or security account or otherwise utilize any such account other than the deposit accounts identified on Schedule 3.2 unless it shall have given the Agent thirty (30) days, or such shorter time as the Agent may agree to, prior written notice thereof and shall have taken all action within its control deemed necessary or desirable by the Agent to cause its security interest therein to be perfected with the priority required by the Loan Documents. Prior to the occurrence and continuance of an Event of Default, it may make purchases and sales of Investment Property and Financial Assets in accordance with the restrictions on investments set out in the Credit Agreement. After the occurrence and during the continuance of an Event of Default it shall not be authorized to make purchases and sales of its Investment Property or Financial Assets and it shall take such steps within its control as the Agent may reasonably request to give the Agent control over all of such Debtor's Investment Property and Financial Assets. No Debtor will give any party other than the Agent control over any of such Debtor's Investment Property or Financial Assets.
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Deposit, Commodity and Security Accounts. The Debtor shall not open any new deposit, commodity or security account or otherwise utilize any such account other than the accounts identified on Exhibit 3.7 unless Debtor shall have given the Collateral Agent thirty (30) days prior written notice thereof and shall have taken all action deemed necessary or desirable by the Collateral Agent to cause its Security Interest therein to be perfected. Prior to the occurrence and continuance of an Event of Default, the Debtor may make purchases and sales of Investment Property (that does not constitute equity interests in its subsidiaries) in accordance with the restrictions on investment set out in the Loan Documents. After the occurrence and during the continuance of an Event of Default, the Debtor shall not
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Deposit, Commodity and Security Accounts. Promptly upon opening any new deposit account, commodity account or securities account other than the accounts identified on Schedule 3.2 each Debtor shall have given the Agent notice thereof.
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Deposit, Commodity and Security Accounts. It shall not open any new deposit, commodity or security account or otherwise utilize any such account other than the accounts identified on Schedule 3.2 unless it shall have given Agent thirty (30) days prior written notice thereof and shall have taken all action deemed necessary or desirable by Agent to cause its security interest therein to be perfected with priority required by the Credit Agreement and/or this Agreement. When no Default exists, it may make purchases and sales of investment property in any commodity or security account in accordance with the restrictions on investment set out in the Credit Agreement and may make withdrawals from its deposit, commodity and security accounts. When a Default exists, it shall not be authorized to make purchases and sales of the investment property in any commodity or security account and shall not be authorized to make any withdrawals from any deposit account. It will not give any party control over any investment property or deposit account.
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Deposit, Commodity and Security Accounts. Promptly upon opening any new deposit account, commodity account or securities account other than the accounts identified on Schedule 3.2 it shall have given the Agent notice thereof. When an Event of Default exists, it shall take such steps as Agent may reasonably request to give Agent control over all investment property and deposit accounts.
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Related to Deposit, Commodity and Security Accounts

  • Deposit and Securities Accounts (Please list all accounts; attach separate sheet if additional space needed)

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Company, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Securities Account All Permitted Investments have been and will be credited to a Securities Account. The securities intermediary for each Securities Account has agreed to treat all assets credited to the Securities Accounts as “financial assets” within the meaning of the applicable UCC.

  • Deposit Accounts For each Deposit Account that any Grantor at any time opens or maintains, other than Deposit Accounts (A) that are payroll accounts, withholdings tax accounts, xxxxx cash accounts or flexible spending benefit accounts or trust, escrow or other fiduciary accounts or (B) which do not hold for any period of five consecutive days, an aggregate amount in excess of $1,000,000, such Grantor shall, upon the Collateral Agent’s request, either (i) cause the depositary bank to agree to comply at any time with instructions from the Collateral Agent to such depositary bank directing the disposition of funds from time to time credited to such Deposit Account, without further consent of such Grantor or any other person, pursuant to an agreement in form and substance satisfactory to the Collateral Agent, or (ii) arrange for the Collateral Agent to become the customer of the depositary bank with respect to the Deposit Account, with the Grantor being permitted, only with the consent of the Collateral Agent, to exercise rights to withdraw funds from such Deposit Account. The Collateral Agent agrees with each Grantor that the Collateral Agent shall not give any such instructions or withhold any withdrawal rights from any Grantor, unless an Event of Default has occurred and is continuing, or, after giving effect to any withdrawal, would occur; provided, however, upon the waiver by the applicable Required Lenders of such Event of Default, so long as no other Event of Default shall then exist or be continuing, the Collateral Agent shall revoke any such instruction. The provisions of this paragraph shall not apply to any Deposit Account for which any Grantor, the depositary bank and the Collateral Agent have entered into a cash collateral agreement specially negotiated among such Grantor, the depositary bank and the Collateral Agent for the specific purpose set forth therein.

  • Deposit Account If you are issued a secured Card, you have signed or will be required to sign a separate security agreement pledging a specific, non-withdrawable portion of your shares and/or deposits in BECU to secure your Card. The amount of the security for such a Card is the amount of your credit limit and you may not have any access to or control of that amount.

  • Collateral Account and Security Interest At any time when Fund’s assets are below $15 million, the Advisor, for value received, hereby pledges, assigns, sets over and grants to the Trust a continuing security interest in and to an account to be established and maintained by the Advisor with the Securities Intermediary and designated as a collateral account (the “Collateral Account”), including any replacement account established with any successor, together with all dividends, interest, stock-splits, distributions, profits and all cash and non-cash proceeds thereof and any and all other rights as may now or hereafter derive or accrue therefrom (collectively, the “Collateral”) to secure the payment of any required Fund Reimbursement Payment or Liquidation Expenses (as defined in Paragraph 5 of this Agreement). For so long as this Agreement is in effect, any transfers or conveyances of Collateral to any party shall require the approval of the Board of Trustees of the Trust (the “Board”), except as specified in Section 7(a)(ii) of this Agreement, below. In addition, the Trust will not issue entitlement orders, redeem or otherwise take any action with respect to the Collateral or Collateral Account unless a Collateral Event (defined below under Section 5 of this Agreement) has occurred or is continuing.

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

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