Common use of Relocation of Accounts Clause in Contracts

Relocation of Accounts. At any time following the occurrence and during the continuation of a Default, the Security Agent may without the consent of the Collateral Owners instruct the Account Holder to relocate any or all of the Earnings Accounts to any other branch of the Account Holder, without prejudice to the continued application of this Clause 17 (Security Documents and Application of Moneys) and the rights of the Finance Parties under the Finance Documents.

Relocation of Accounts. At any time following the occurrence and during the continuation of a Default, the Security Agent may without the consent of the Collateral Owners instruct the Account Holder to Borrowers relocate either or both/any or all of the Earnings Accounts to any other branch of the Account HolderSecurity Agent, without prejudice to the continued application of this Clause 17 (Security Documents and Application of Moneys) 10 and the rights of the Finance Parties under the Finance Documents.