Pledge of Deposit Account Sample Clauses

Pledge of Deposit Account. Borrower shall have executed and ------------------------- delivered the Pledge of Deposit Account.
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Pledge of Deposit Account. The Applicant shall pledge a designated deposit account and all payments deposited from time to time into that account as Security Interest for its obligations under this Agreement.
Pledge of Deposit Account. Borrower's prompt repayment of the Obligations and prompt performance of Borrower's covenants and duties under the Loan Documents shall also be secured in accordance with a pledge of one or more certificates of deposit initially in the aggregate face amount of $500,000 to be held by Bank. The aggregate face amount of such certificates of deposit required to be pledged to Bank shall be adjusted on a monthly basis to reflect reductions in the outstanding principal balance of the Term Advance.
Pledge of Deposit Account. Borrower or Guarantor will pledge to the Bank, in the form of a blocked interest bearing deposit account to be held at the Bank (the “Deposit Account”) as provided in the form attached hereto as Exhibit , cash equal to the principal amount outstanding under the Loan. The Deposit Account will be “trued up” with the balance remaining under the Loan semi-annually. The Deposit Account shall at all times contain funds equal to the then current amount due under the Loan.”

Related to Pledge of Deposit Account

  • Deposit Accounts; Securities Accounts The only Deposit Accounts or Securities Accounts maintained by any Grantor on the date hereof are those listed on Schedule 6 (Bank Accounts; Control Accounts), which sets forth such information separately for each Grantor.

  • Deposit Account (a) On or prior to the Closing Date, the Issuer shall cause the Servicer to establish and maintain, in the name of the Indenture Trustee, for the benefit of the Noteholders and the Certificateholders, the Deposit Account as provided in Section 5.01 of the Sale and Servicing Agreement.

  • Deposit Accounts Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Securities Accounts If a Collateral Account is a securities account, the Financial Institution agrees that:

  • Deposit Accounts, Securities Accounts and Commodity Accounts Attached hereto as Schedule 14 is a true and complete list of all Deposit Accounts, Securities Accounts and Commodity Accounts (each as defined in the Security Agreement) maintained by each Pledgor, including the name of each institution where each such account is held, the name of each such account and the name of each entity that holds each account.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • MAINTENANCE OF DEPOSIT ACCOUNTS PSC shall maintain on behalf of Customer such deposit accounts as are necessary or desirable from time to time to enable PSC to carry out the provisions of this Agreement.

  • Administration of Deposit Accounts Schedule 8.5 sets forth all Deposit Accounts maintained by Obligors, including all Dominion Accounts. Each Obligor shall take all actions necessary to establish Agent’s control over each such Deposit Account (other than Excluded Deposit Accounts). Each Obligor shall be the sole account holder of each Deposit Account and shall not allow any Person (other than Agent) to have control over a Deposit Account or any Property deposited therein. Each Obligor shall promptly notify Agent of any opening or closing of a Deposit Account and, with the consent of Agent, will amend Schedule 8.5 to reflect same.

  • Establishment of Deposit Account The Financial Institution hereby confirms and agrees that:

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