OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder. Any money received by Bank in respect of the Collateral may be deposited, at Bank's option, into a non-interest bearing account over which Debtor shall have no control, and the same shall, for all purposes, be deemed Collateral hereunder.
Appears in 34 contracts
Samples: Credit Agreement (Jaymark Inc), Credit Agreement (Allis Chalmers Corp), Letter Amendment (Barrett Business Services Inc)
OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder. Any money received by Bank in respect of the Collateral may be deposited, at Bank's ’s option, into a non-interest bearing account over which Debtor shall have no control, and the same shall, for all purposes, be deemed Collateral hereunder.
Appears in 13 contracts
Samples: Security Agreement, Continuing Security Agreement (Tilly's, Inc.), Credit Agreement (Natural Alternatives International Inc)
OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder. Any money received receiver by Bank in respect of the Collateral may be deposited, at Bank's ’s option, into a non-interest bearing account over which Debtor shall have no control, and the same shall, for all purposes, be deemed Collateral hereunder.
Appears in 3 contracts
Samples: Security Agreement, Security Agreement: Equipment (Tilly's, Inc.), Security Agreement: Equipment (Tilly's, Inc.)
OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder. Any money received by Bank in respect of the Collateral may be deposited, at Bank's option, into a non-interest bearing account over which Debtor shall have no control, and the same shall, for all ail purposes, be deemed Collateral hereunder.
Appears in 1 contract
Samples: Continuing Security Agreement (Barrett Business Services Inc)
OBLIGATIONS OF BANK. Bank Lender has no obligation to make any loans hereunder. Any money received by Bank Lender in respect of the Collateral may be deposited, at BankLender's option, into a non-interest bearing account over which Debtor shall have no control, and the same shall, for all purposes, be deemed Collateral hereunder.
Appears in 1 contract
OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder, such obligations, if any, being set forth in the Credit Agreement. Any money received by Bank in respect of the Collateral may be deposited, at Bank's option, into a non-interest bearing account over which Debtor shall have no control, and the same shall, for all purposes, be deemed Collateral hereunder.
Appears in 1 contract
OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder. hereunder Any money received by Bank in respect of the Collateral may be deposited, at Bank's option, into a non-interest bearing account over which Debtor shall have no control, and the same shallstall, for all purposes, be deemed Collateral hereunder.
Appears in 1 contract
OBLIGATIONS OF BANK. Bank has no obligation to make any loans hereunder. Any Following the occurrence and during the continuance of an Event of Default and following notice from Bank to Debtor that Bank intends to enforce its security interest in the Collateral, any money received by Bank in respect of the Collateral may be deposited, at Bank's ’s option, into a non-interest bearing account over which Debtor shall have no control, and the same shall, for all purposes, be deemed Collateral hereunder.
Appears in 1 contract
Samples: Security Agreement (eTelecare Global Solutions, Inc.)
