Common use of Securities Accounts Clause in Contracts

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 7 contracts

Samples: Loan and Security Agreement (I Link Inc), Loan and Security Agreement (Special Devices Inc /De), Credit Agreement (Piccadilly Cafeterias Inc)

AutoNDA by SimpleDocs

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower shall Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (SPSS Inc), Loan and Security Agreement (Cray Inc), Loan and Security Agreement (Metalico Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall Companies agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Companies may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Alpine Group Inc /De/), Loan and Security Agreement (Telos Corp)

Securities Accounts. Establish or maintain any Securities Account of a Borrower unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cellstar Corp), Term Loan and Security Agreement (Cellstar Corp)

Securities Accounts. Establish Except in connection with a Permitted Bond Financing, establish or maintain any Securities Account unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower Borrowers shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Big Dog Holdings Inc), Loan and Security Agreement (Big Dog Holdings Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender Collateral Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Cutter & Buck Inc), Loan and Security Agreement (Northland Cranberries Inc /Wi/)

Securities Accounts. Establish Except with respect to any Securities Account constituting Excluded Assets, establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower shall Borrowers agree to not transfer assets out of any Securities AccountAccount (other than Securities Accounts constituting Excluded Assets); provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Old Evangeline Downs Capital Corp), Loan and Security Agreement (Peninsula Gaming Corp)

Securities Accounts. Establish or maintain any Securities Account ------------------- unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred -------- ------- and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (DSG International LTD)

Securities Accounts. Establish or maintain any Securities Account ------------------- unless Lender shall have received a Control Agreement in respect of such Securities Account. Neither Borrower nor any Guarantor shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower and each Guarantor may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Microstrategy Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Subsidiary Borrower shall agrees to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Subsidiary Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Futurelink Corp)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Bidz.com, Inc.)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; providedPROVIDED, howeverHOWEVER, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (MRS Fields Holding Co Inc)

Securities Accounts. Establish or maintain any Securities Account of a ------------------- Borrower unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred -------- ------- and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Cellstar Corp)

Securities Accounts. Establish or maintain any Securities Account unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. The Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Party City Corp)

Securities Accounts. Establish or maintain any Securities Account unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. No Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Harolds Stores Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender the Trustee shall have received a Control Agreement in respect of such Securities Account. Borrower shall The Note Parties are not to transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower the Company or the other Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Indenture (Amerco /Nv/)

Securities Accounts. Establish Borrower shall not establish or maintain any ------------------- Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default -------- ------- has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (National Home Centers Inc)

AutoNDA by SimpleDocs

Securities Accounts. Establish or maintain any Securities Account ------------------- unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred -------- ------- and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Ventiv Health Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Neither Borrower nor any Subsidiary shall not transfer assets out of any Securities Account; provided, however, that, so long as no Default or Event of Default has occurred and is continuing or would result therefrom, Borrower or any Subsidiary may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (New World Restaurant Group Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement and such Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Harvey Electronics Inc)

Securities Accounts. Establish or maintain any Securities Account ------------------- unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall Borrowers agree to not transfer assets out of any Securities Account; provided, however, -------- ------- 109 that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Friede Goldman Halter Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Securities Account Agreement in respect of such Securities Account. Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Vitalworks Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender Agent shall have received a Control Agreement in respect of such Securities Account. Borrower shall will not transfer transfer, and will not permit any of its Subsidiaries to transfer, assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Credit Agreement (ECA Marcellus Trust I)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower No Obligor shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower the applicable Obligor may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Mikohn Gaming Corp)

Securities Accounts. Establish or maintain any Securities Account ------------------- unless Lender shall have received a Control Agreement in respect of such Securities Account. Neither Borrower nor any Guarantor shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of -------- ------- Default has occurred and is continuing or would result therefrom, Borrower and each Guarantor may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Microstrategy Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account, except if a Control Agreement is not required under SECTION 7.13. Borrower shall Borrowers agree to not transfer assets out of any Securities Account; providedPROVIDED, howeverHOWEVER, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Cyrk Inc)

Securities Accounts. Establish or maintain any Securities Account unless Lender shall have received a Control Agreement in respect of such Securities Account. Borrower Borrowers shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrower Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Kroll Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!