Common use of Location of accounts Clause in Contracts

Location of accounts. The Borrower shall procure that the Owners shall promptly: (a) comply with any requirement of the Agent as to the location or re-location of the Earnings Account and the Collateral Account (or either of them); and (b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Earnings Account and the Collateral Account.

Location of accounts. The Borrower shall procure that the Owners each Owner shall promptly: (a) comply with any reasonable requirement of the Agent as to the location or re-location of the Earnings Account and the Collateral Account Accounts (or either of them); and (b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Earnings Account and the Collateral AccountAccounts.

Location of accounts. The Borrower shall promptly and shall procure that the Owners shall promptly: (a) comply with any requirement of the Agent as to the location or re-location of the Earnings Account Accounts and the Collateral Account (or either of them)Deposit Account; and (b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the Earnings Account Accounts and the Collateral Deposit Account.

Location of accounts. The Borrower shall promptly and shall procure that the Owners each Owner shall promptly: (a) comply with any requirement of the Agent as to the location or re-location of the any Earnings Account and the Collateral Account (or either any of them); and (b) execute any documents which the Agent specifies to create or maintain in favour of the Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the relevant Earnings Account and the Collateral Account.