Common use of The Borrower Clause in Contracts

The Borrower. (i) Contemporaneous with the execution of this Agreement, shall provide the Lender with such agreement of the depository with which the Central Account is maintained as may be satisfactory to the Lender. (ii) Shall not establish any Central Account hereafter except upon not less than thirty (30) days prior written notice to the Lender and the delivery to the Lender of a similar such agreement.

Appears in 2 contracts

Sources: Loan Agreement (Crown Books Corp), Loan and Security Agreement (Great Train Store Co)

The Borrower. (i) Contemporaneous with the execution of this the within Agreement, shall provide the Lender with such agreement of the depository with which the Central Account is maintained as may be satisfactory to the Lender. (ii) Shall not establish any Central Account hereafter except upon not less than thirty (30) days prior written notice to the Lender and the delivery to the Lender of a similar such agreement.

Appears in 2 contracts

Sources: Loan and Security Agreement (Sunbelt Nursery Group Inc), Loan and Security Agreement (Sunbelt Nursery Group Inc)

The Borrower. (i) Contemporaneous with the execution of this the within Agreement, shall provide the Lender with such agreement of the depository with which the Central Blocked Account is maintained as may be satisfactory to the Lender.; and (ii) Shall not establish any Central Blocked Account hereafter except upon not less than thirty (30) days prior written notice to the Lender and the delivery to the Lender of a similar such agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (Harvey Electronics Inc)