Lessor Contribution Account Sample Clauses
Lessor Contribution Account. Lessor Contributions shall be maintained by Borrower in one or more separate Deposit Accounts of Borrower maintained at a nationally recognized bank reasonably acceptable to Agent Lender (▇▇ ▇▇▇▇▇▇/▇▇▇▇▇ being hereby approved) (the “Lessor Contribution Accounts”) until used for a purpose permitted in this Agreement. Borrower hereby assigns and pledges Lenders a security interest in the Lessor Contribution Accounts and agrees to, upon request of Agent Lender, provide additional documentation evidencing Lenders’ security interest in the Lessor Contribution Accounts, including, without limitation, the Assignment of Lessor Contribution Accounts. Borrower will also assist Agent Lender in obtaining an executed account control agreement from the depository bank holding the Lessor Contribution Accounts for purposes of Lenders perfecting their security interest in the Lessor Contribution Accounts. Such a control agreement must be in place before any deposits of any Lessor Contributions are made into the Lessor Contribution Accounts and prior to any use of Lessor Contributions for the purposes permitted herein.
