Common use of Depositary and Other Deposit Accounts Clause in Contracts

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to the Collateral Agent ten (10) calendar days’ prior written notice (or such lesser notice as the Collateral Agent may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Kempharm, Inc)

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Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to the Collateral Agent ten (10) Lenders 10 calendar days’ prior written notice (or such lesser notice as the Collateral Agent Lenders may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Samples: Guaranty and Security Agreement (IMRIS Inc.)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to the Collateral Agent ten (10) Purchasers10 calendar days’ prior written notice (or such lesser notice as the Collateral Agent Purchasers may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Samples: Security Agreement (Aerie Pharmaceuticals Inc)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to the Collateral Agent ten (10) Lenders 10 calendar days' prior written notice (or such lesser notice as the Collateral Agent Lenders may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Samples: Guaranty and Security Agreement (IMRIS Inc.)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts (other than an Excluded Account) unless such Grantor shall have given to the Collateral Agent ten (10) Lenders 10 calendar days’ prior written notice (or such lesser notice as the Collateral Agent Lenders may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Infinity Pharmaceuticals, Inc.)

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Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts (other than Excluded Accounts) unless such Grantor shall have given to the Collateral Agent ten (10) Secured Creditors 10 calendar days’ prior written notice (or such lesser notice as the Collateral Agent Secured Creditors may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Mannkind Corp)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts (other than Excluded Accounts) unless such Grantor shall have given to the Collateral Agent ten (10) Secured Creditor 10 calendar days’ prior written notice (or such lesser notice as the Collateral Agent Secured Creditor may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Mannkind Corp)

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