Maintenance of Collateral Accounts. Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) or permit the aggregate balance of Collateral Accounts not subject to Account Control Agreements and of deposit or investment accounts of Subsidiaries to exceed $200,000.
Appears in 3 contracts
Samples: Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement (Expensify, Inc.)
Maintenance of Collateral Accounts. Maintain any Collateral Account except pursuant to the terms of Section 6.6(b) or permit the aggregate balance of Collateral Accounts not subject to Account Control Agreements and of deposit or investment accounts of Subsidiaries to exceed $200,000the amounts permitted by Section 6.6.
Appears in 2 contracts
Samples: Loan and Security Agreement (Expensify, Inc.), Loan and Security Agreement
Maintenance of Collateral Accounts. Maintain With respect to Borrower and any Guarantors, maintain any Collateral Account except pursuant to the terms of Section 6.6(b6.6 hereof. Borrower and the Guarantors shall not permit more than One Million Dollars ($1,000,000.00) to be on deposit or permit the aggregate balance of credited to any Collateral Accounts Account that is not subject to Account a Control Agreements and of deposit or investment accounts of Subsidiaries to exceed $200,000Agreement (other than the SVB Account).
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