Maintenance of Bank Accounts. As security for repayment of the Loans, maintain its principal depository accounts with U. S. Bank and effectuate the transfer of such accounts within a reasonable period of time after execution of this Agreement. Borrower hereby grants to U. S. Bank a security interest in all such accounts in order to secure the obligations of Borrower hereunder.
Appears in 3 contracts
Samples: Credit Agreement (Gargoyles Inc), Credit Agreement (Gargoyles Inc), Credit Agreement (Mackie Designs Inc)
Maintenance of Bank Accounts. As security for repayment of the Loans, maintain its principal depository accounts with U. S. Bank and effectuate the transfer of such accounts within a reasonable period of time after execution of this Agreement. Borrower hereby grants to U. S. Bank a security interest in all such accounts in order to secure the obligations of Borrower hereunder.S.
Appears in 1 contract
