Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. 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, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 9 contracts
Samples: Loan and Security Agreement (Metalico Inc), Loan and Security Agreement (Outsourcing Services Group Inc), Loan and Security Agreement (Pioneer Companies Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to 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, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 6 contracts
Samples: Loan and Security Agreement (BGF Industries Inc), Loan and Security Agreement (Factory Card Outlet Corp), Loan and Security Agreement (Big Dog Holdings Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. 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, 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 (Frontstep Inc), Loan and Security Agreement (Peregrine Systems Inc)
Securities Accounts. Establish Except with respect to any Securities Account constituting Indenture Accounts, establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities AccountAccount (other than Securities Accounts constituting Indenture Accounts); provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, 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 LLC), Loan and Security Agreement (Peninsula Gaming Corp)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to 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, Borrowers 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 (HPSC Inc), Loan and Security Agreement (HPSC Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not No Obligor shall 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, Borrowers Obligors 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 (Communications & Power Industries Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities AccountAccount (unless a Control Agreement is expressly not required by Section 7.13). 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, 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 (World Airways Inc /De/)
Securities Accounts. Establish or maintain any Securities Account unless Agent Lender shall have received a Control Agreement in respect of such Securities Account. 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, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
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Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to Borrower shall not transfer assets out of any Securities Account; providedPROVIDED, howeverHOWEVER, that, so long as no Default or Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
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Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement Agreement, duly executed and in full force and effect, in respect of such Securities Account. Borrowers agree to Each Obligor agrees that it will not transfer assets Assets out of any Securities AccountAccounts; providedPROVIDED, howeverHOWEVER, that, so long as no Event of Default has occurred o ccurred and is continuing or would result therefrom, Borrowers such Obligor may use such assets (and the proceeds thereof) Assets to the extent not prohibited permitted by this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (3do Co)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree Borrower will not transfer, and will not permit any of its Subsidiaries to not transfer 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, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
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Securities Accounts. Establish or maintain any Securities Account -------------------- unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree Borrower will not transfer, and will not permit any of its Subsidiaries to not transfer 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, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Parent and 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, Parent and Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
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Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers Obligors 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, Borrowers Obligors may use and withdraw (but not in derogation of the definition of "Increased Minimum Liquidity") such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree not 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, 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 (U Haul International Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not None of the Loan Parties shall 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, Borrowers the Loan Parties may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
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Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement Agreement, duly executed and in full force and effect, in respect of such Securities Account. Borrowers agree to Borrower agrees that it will not, and it will not permit any Company to, transfer assets out of any Securities AccountAccounts; providedPROVIDED, howeverHOWEVER, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Companies may use such assets (and the proceeds thereof) to the extent not prohibited permitted by this Agreement.
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Securities Accounts. Establish Borrowers will not establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. 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, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract