Funds in Collateral Accounts; Control. All cash Proceeds received by the Lender from the Debtor pursuant to paragraph (d) above or by the Lender directly from account debtors pursuant to paragraph (e) above shall be deposited in the Lender’s Collateral Account as further security for the Secured Obligations. The Lender shall have sole dominion and control over all funds deposited in each Collateral Account and such funds may be withdrawn therefrom only by or at the direction of the Lender.
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Samples: Loan Agreement (Security Capital Corp/De/), Loan Agreement (Security Capital Corp/De/)
Funds in Collateral Accounts; Control. All cash Proceeds received by the Lender Lenders from the Debtor Borrower pursuant to paragraph (d) above or by the Lender Lenders directly from account debtors pursuant to paragraph (ed) above shall be deposited in held by or on behalf of the Lender’s Collateral Account Lenders as further security for the Secured Obligations. The Lender Lenders shall have sole dominion and control over all such funds deposited in each Collateral Account and such funds may be withdrawn therefrom only by or at the direction of the LenderLenders.
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Samples: Security and Pledge Agreement (Lexon Technologies Inc)
Funds in Collateral Accounts; Control. All cash Proceeds received by the Lender from the Debtor Guarantor pursuant to paragraph (d) above or by the Lender directly from account debtors pursuant to paragraph (e) above shall be deposited in the Lender’s Collateral Account as further security for the Secured Obligations. The Lender shall have sole dominion and control over all funds deposited in each Collateral Account and such funds may be withdrawn therefrom only by or at the direction of the Lender.
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