Common use of DEPOSITS OF CASH COLLATERAL Clause in Contracts

DEPOSITS OF CASH COLLATERAL. (a) All deposits of funds in the Collateral Account shall be made by wire transfer (or, if applicable, by intra-bank transfer from another account of Pledgor) of immediately available funds in accordance with written wire transfer instructions provided to Pledgor by Secured Party. Pledgor shall, promptly after initiating a transfer of funds to the Collateral Account, give notice to Secured Party by telefacsimile of the date, amount and method of delivery of such deposit.

Appears in 3 contracts

Samples: Credit Agreement (DMW Worldwide Inc), Collateral Account Agreement (Zilog Inc), Collateral Account Agreement (Afc Enterprises Inc)

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DEPOSITS OF CASH COLLATERAL. (a) All deposits of funds in the Collateral Account shall be made by wire transfer (or, if applicable, by intra-bank transfer from another account of Pledgor) of immediately available funds in accordance with written wire transfer instructions provided to Pledgor by Secured Partysuch Collateral Account. Pledgor shall, promptly after initiating a transfer of funds to the Collateral Account, give notice to Secured Party by telefacsimile of the date, amount and method of delivery of such deposit.

Appears in 2 contracts

Samples: Credit Agreement (FWT Inc), Collateral Account Agreement (FWT Inc)

DEPOSITS OF CASH COLLATERAL. (a) All deposits of funds in the Collateral Account shall be made by wire transfer (or, if applicable, by intra-bank transfer from another account of Pledgor) of immediately available funds funds, in accordance with written wire transfer instructions provided to Pledgor by each case addressed as Secured PartyParty may direct. Pledgor shall, promptly after initiating a transfer of funds to the Collateral Account, give notice to Secured Party by telefacsimile of the date, amount and method of delivery of such deposit.

Appears in 2 contracts

Samples: Credit Agreement (Varco International Inc), Credit Agreement (Varco International Inc)

DEPOSITS OF CASH COLLATERAL. (a) All deposits of funds in the Collateral Account shall be made by wire transfer (or, if applicable, by intra-bank transfer from another account of Pledgor) of immediately available funds funds, in accordance with written wire transfer instructions provided each case addressed as set forth in a notice from Secured Party to Pledgor by Secured Partyregarding the establishment of such Collateral Account. Pledgor shall, promptly after initiating a transfer of funds to the Collateral Account, give notice to Secured Party by telefacsimile of the date, amount and method of delivery of such deposit.

Appears in 1 contract

Samples: Credit Agreement (Bell Industries Inc)

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DEPOSITS OF CASH COLLATERAL. (a) All deposits of funds in the Collateral Account shall be made by wire transfer (or, if applicable, by intra-bank transfer from another account of any Pledgor) of immediately available funds in accordance with written wire transfer instructions provided to Pledgor by Secured Partyfunds. Pledgor Pledgors shall, promptly after initiating a transfer of funds to the Collateral Account, give notice to Secured Party by telefacsimile of the date, amount and method of delivery of such deposit.

Appears in 1 contract

Samples: Credit Agreement (Blackbaud Inc)

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