Common use of Release of Proceeds of Funding Trust Loans Clause in Contracts

Release of Proceeds of Funding Trust Loans. (a) The Borrower shall cause all proceeds of the Funding Trust Loans to be paid to a deposit account of Borrower subject to an Account Control Agreement.

Appears in 5 contracts

Samples: Credit Agreement (Beneficient), Credit Agreement (Beneficient Co Group, L.P.), Credit Agreement (Beneficient Co Group, L.P.)

AutoNDA by SimpleDocs

Release of Proceeds of Funding Trust Loans. (a) The Borrower shall cause all proceeds of the Funding Trust Loans to be paid to a deposit account of Borrower subject to an Account Control Agreement (or, if applicable, a Senior Account Control Agreement).

Appears in 4 contracts

Samples: Second Lien Credit Agreement (Beneficient), Credit Agreement (Beneficient Co Group, L.P.), Second Lien Credit Agreement (Beneficient Co Group, L.P.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.