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Common use of Maintenance of Accounts Clause in Contracts

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is able to take such actions as it deems necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 5 contracts

Samples: Venture Loan and Security Agreement (eXegenics Inc), Venture Loan and Security Agreement (Pharmasset Inc), Venture Loan and Security Agreement (Cereplast Inc)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is are able to take such actions as it deems necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than LenderLender and Horizon) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderLender and Horizon) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 4 contracts

Samples: Security Agreement, Security Agreement (Ambit Biosciences Corp), Security Agreement (Ambit Biosciences Corp)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is Lenders are able to take such actions as it deems they deem necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than LenderLenders) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderLenders) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 3 contracts

Samples: Venture Loan and Security Agreement, Venture Loan and Security Agreement (Ambit Biosciences Corp), Venture Loan and Security Agreement (Ambit Biosciences Corp)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender Collateral Agent is able to take such actions as it deems necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than LenderCollateral Agent and Lenders) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderCollateral Agent and Lenders) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp), Venture Loan and Security Agreement (Inotek Pharmaceuticals Corp)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is Lenders are able to take such actions as it deems necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than LenderLenders) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderLenders) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Entropic Communications Inc), Venture Loan and Security Agreement (Entropic Communications Inc)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is able to take such actions as it deems they deem necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 2 contracts

Samples: Venture Loan and Security Agreement (Activbiotics Inc), Venture Loan and Security Agreement (Activbiotics Inc)

Maintenance of Accounts. (i) Maintain any deposit account accounts or account accounts holding securities owned by Borrower except accounts with respect to which Lender is able to Lenders take such actions action as it deems they deem necessary to obtain a perfected security interest in such account, provided that, Borrower shall use commercially reasonable efforts to deliver to Lenders account control agreement(s) for such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than Lender) in a timely fashion and in such forms as are reasonably acceptable to perfect a security interest in, or enter into any agreements with any Persons (other than Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securitiesLenders and Borrower.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Acusphere Inc)

Maintenance of Accounts. Except for Excluded Accounts, (ia) Maintain maintain any deposit account or securities account holding securities owned by Borrower except accounts with respect to which Collateral Agent and Lender is able to take such actions as it deems necessary to obtain has obtained a perfected security interest in such accounts through one or more Account Control Agreements; Agreements or (iib) grant or allow any other Person (other than Collateral Agent or Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than Collateral Agent or Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securitiessecurities accounts.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Castle Creek Biosciences, Inc.)

Maintenance of Accounts. (ia) Maintain any deposit account or securities account holding securities owned by Borrower except accounts with respect to which Lender is able to take such actions as it Lender deems necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; Agreements or (iib) grant or allow any other Person (other than Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securitiessecurities accounts.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Interleukin Genetics Inc)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is Lenders are able to take such actions as it deems they deem necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than a Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than a Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (MAP Pharmaceuticals, Inc.)

Maintenance of Accounts. (ia) Maintain any deposit account or securities account holding securities owned by Borrower except accounts with respect to which Collateral Agent and Lender is able to take such actions as it deems necessary to obtain has obtained a perfected security interest in such accounts through one or more Account Control Agreements; Agreements or (iib) grant or allow any other Person (other than Collateral Agent or Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than Collateral Agent or Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securitiessecurities accounts.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Celsion CORP)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is Lenders and Agent are able to take such actions as it deems they deem necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than LenderLenders) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderLenders) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Sunesis Pharmaceuticals Inc)

Maintenance of Accounts. (ia) Maintain any deposit account or securities account holding securities owned by Borrower (other than Excluded Accounts) except accounts with respect to which Collateral Agent and each Lender is able to take such actions as it deems necessary to obtain have obtained a perfected security interest in such accounts through one or more Account Control Agreements; Agreements or (iib) grant or allow any other Person (other than LenderCollateral Agent or Lenders) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderCollateral Agent or Lenders) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securitiessecurities accounts.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Cerecor Inc.)

Maintenance of Accounts. (ia) Maintain any deposit account or securities account holding securities owned by Borrower except accounts with respect to which Collateral Agent Lender is able to take such actions as it deems necessary to obtain have obtained a perfected security interest in such accounts through one or more Account Control Agreements; Agreements or (iib) grant or allow any other Person (other than Collateral Agent or Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than Collateral Agent or Lender) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securitiessecurities accounts.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (IMV Inc.)

Maintenance of Accounts. (ia) Maintain any deposit account or securities account holding securities owned by Borrower except accounts with respect to which Collateral Agent and each Lender is able to take such actions as it deems necessary to obtain have obtained a perfected security interest in such accounts through one or more Account Control Agreements; Agreements required under this Agreement or (iib) grant or allow any other Person (other than LenderCollateral Agent or Lenders) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderCollateral Agent or Lenders) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Stealth BioTherapeutics Corp)

Maintenance of Accounts. (ia) Maintain any deposit account or securities account holding securities owned by Borrower except (i) accounts with respect to which Collateral Agent and Lender is able to take such actions as it deems necessary to obtain has obtained a perfected security interest in such accounts through one or more Account Control Agreements; Agreements and (ii) Excluded Accounts or (iib) grant or allow any other Person (other than Collateral Agent or Lender) to perfect a security interest in, or enter into any agreements with any Persons (other than Collateral Agent or Lender) accomplishing perfection via control as to, any of its deposit accounts or securities accounts holding securitiesexcept Excluded Accounts.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (CVRx, Inc.)

Maintenance of Accounts. (i) Maintain any deposit account or account holding securities owned by Borrower except accounts with respect to which Lender is Lenders, or if requested by Lenders, one of the Lenders, as agent for Lenders, are able to take such actions as it deems they deem necessary to obtain a perfected security interest in such accounts through one or more Account Control Agreements; or (ii) grant or allow any other Person (other than LenderLenders) to perfect a security interest in, or enter into any agreements with any Persons (other than LenderLenders) accomplishing perfection via control as to, any of its deposit accounts or accounts holding securities.

Appears in 1 contract

Samples: Venture Loan and Security Agreement (Northstar Neuroscience, Inc.)