Common use of Location of accounts Clause in Contracts

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

Location of accounts. The Borrower shall and shall procure that each Corporate Guarantor shall promptly: (a) comply comply, and procure that the Guarantors and Collateral Guarantors comply, with any reasonable requirement of the Lender Agent as to the location or re-location of the Accounts (Earnings Accounts, the Retention Account or any of them), provided that those accounts must at all times be with the Account Bank; and (b) execute execute, and procure that the Guarantors and Collateral Guarantors execute, any documents which the Lender Agent specifies to create or maintain in favour of the Lender Security Trustee a Security Interest over (and/or rights of set-off, consolidation or other rights in relation to) the AccountsEarnings Accounts and the Retention Account.

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