No Other Assignments. Bank represents and warrants to Collateral Agent, on its behalf and on behalf of Buyers, that no other notices of assignment of, lien upon or security interest in the Accounts or the Account Collateral are reflected in Bank’s records concerning the Accounts, and Bank has no knowledge of any such assignment or lien. The Company hereby instructs Bank and Bank hereby agrees to record in Bank’s records concerning the Accounts any such notice of assignment of the Accounts that it receives, including the notice conferred by this Agreement. Bank agrees with and covenants to Collateral Agent, on its behalf and on behalf of Buyers, that it shall not enter into any other agreement with any Person which would obligate Bank to follow such Person’s instructions with respect to the Account or the Account Collateral, or which would otherwise confer control of the Accounts or the Account Collateral upon such Person.
Appears in 2 contracts
Samples: Deposit Account Control Agreement (Sonterra Resources, Inc.), Deposit Account Control Agreement (Sonterra Resources, Inc.)
No Other Assignments. Bank represents and warrants to Collateral Agent, on its behalf and on behalf of the Buyers, that no other notices of assignment of, lien upon or security interest in the Accounts or the Account Collateral are reflected in Bank’s records concerning the Accounts, and Bank has no knowledge of any such assignment or lien. The Company hereby instructs Bank and Bank hereby agrees to record in Bank’s records concerning the Accounts any such notice of assignment of the Accounts that it receives, including the notice conferred by this Agreement. Bank agrees with and covenants to Collateral Agent, on its behalf and on behalf of the Buyers, that it shall not enter into any other agreement with any Person which would obligate Bank to follow such Person’s instructions with respect to the Account or the Account Collateral, or which would otherwise confer control of the Accounts or the Account Collateral upon such Person.
Appears in 1 contract
Samples: Deposit Account Control Agreement (Sonterra Resources, Inc.)
No Other Assignments. Bank represents and warrants to Collateral Agent, on its behalf and on behalf of the Buyers, that no other notices of assignment of, lien upon or security interest in the Accounts or the Account Collateral are reflected in Bank’s 's records concerning the Accounts, and Bank has no knowledge of any such assignment or lien. The Company and the Other Debtors each hereby instructs Bank and Bank hereby agrees to record in Bank’s 's records concerning the Accounts any such notice of assignment of the Accounts that it receives, including the notice conferred by this Agreement. Bank agrees with and covenants to Collateral Agent, on its behalf and on behalf of the Buyers, that it shall not enter into any other agreement with any Person which would obligate Bank to follow such Person’s 's instructions with respect to the Account or the Account Collateral, or which would otherwise confer control of the Accounts or the Account Collateral upon such Person.
Appears in 1 contract
Samples: Deposit Account Control Agreement (River Capital Group, Inc.)