Security Accounts. Borrower uses, or permits the use of, funds from the Security Accounts for any purpose other than the purpose for which such funds were disbursed from the Security Accounts.
Security Accounts. Schedule 8 hereto is a true and correct list of all securities accounts that constitute Collateral as of the date hereof and are maintained by each Grantor, including the name of the financial institution holding the securities account (including a securities intermediary), the type of account and the account number.
Security Accounts. The Cash Concentration Account, the operating account and the Controlled Disbursement Accounts shall be referred to in this Agreement as “Security Accounts” with all cash, checks and other similar items of payment in such accounts securing payment of the Obligations.
Security Accounts. If any Borrower Party uses, or permits the use of, funds from the Security Accounts for any purpose other than the purpose for which such funds were disbursed from the Security Accounts.
Security Accounts. (a) Identity of bank or financial institution holding Security Accounts Any Security Account may be changed to any other bank or financial institution at any time with the agreement of the Mortgagor and the Collateral Agent (acting on the instructions of the Required Lenders) but, in each case, such change shall only become effective upon the proposed new bank or financial institution agreeing with the Collateral Agent (acting on the instructions of the Required Lenders) and the Mortgagor, in a manner satisfactory to the Collateral Agent, to hold such Security Account pursuant to the terms of this Deed.
Security Accounts. Borrower uses, or permits the use of, funds from any reserves or from any Security Accounts for any purpose other than the purpose for which such funds were disbursed from such reserves or the Security Accounts and such default is not cured within ten (10) days of Borrower’s knowledge of such default.
Security Accounts. Borrower will establish and maintain the Security Accounts required by the Disbursement Agreement.
Security Accounts. At all times, maintain the Pledged Collateral (other than Cash Collateral) with Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx, Inc.
Security Accounts. (A) The Borrower shall, on or before the first Utilisation Date, ensure that:
Security Accounts. The Manager has received in form and substance satisfactory to it evidence of the establishment of the Escrow Account and the Interest Reserve Account.
