Common use of Relocation of Operating Account Clause in Contracts

Relocation of Operating Account. The Borrower, at its own costs and expenses, undertakes with the Lender to comply with or cause to be complied with any written requirement of the Lender from time to time as to the location or re-location of the Operating Account and will from time to time enter into such documentation as the Lender may require in order to create or maintain a security interest in the Operating Account.

Appears in 4 contracts

Samples: Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Seanergy Maritime Holdings Corp.)

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Relocation of Operating Account. The Borrower, at its own costs and expenses, undertakes with the Lender undertake to comply with or cause to be complied with any written requirement of the Lender Bank from time to time as to the location or re-location relocation of the Operating Account and will from time to time enter into such documentation as the Lender Bank may require in order to create or maintain a security interest in the Operating Account.

Appears in 2 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (Euroseas Ltd.)

Relocation of Operating Account. The Borrower, at its own costs and expenses, undertakes with the Lender undertake to comply with or cause to be complied with any written requirement of the Lender Bank from time to time as to the location or re-location relocation of the Operating Account and will from time to time enter into such documentation as the Lender Bank may require in order to create or maintain a security interest in the Operating AccountAc count.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Relocation of Operating Account. The Borrower, at its own costs and expenses, undertakes with the Lender to comply with or cause to be complied with any written requirement of the Lender Bank from time to time as to the location or re-location relocation of the Operating Account and will from time to time enter into such documentation as the Lender Bank may require in order to create or maintain a security interest in the Operating Account.

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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Relocation of Operating Account. The Borrower, at its own costs and expenses, undertakes with the Lender to comply with or cause to be complied with any written requirement of the Lender from time to time as to the location or re-location of the Operating Account and will from time to time enter into such documentation as the Lender may require in order to create or maintain a security interest Security Interest in the Operating Account.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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