Common use of The Collateral Account Clause in Contracts

The Collateral Account. The Borrower will deposit, or cause to be deposited, all Items of Payment to a bank account designated by the Lender and from which the Lender alone has power of access and withdrawal (the "Collateral Account"). Each deposit shall be made not later than the next Business Day after the date of receipt of the Items of Payment. The Items of Payment shall be deposited in precisely the form received, except for the endorsements of the Borrower where necessary to permit the collection of any such Items of Payment, the Borrower hereby agreeing to make such endorsement. In the event the Borrower shall fail to do so, the Lender is hereby authorized by the Borrower to make the endorsement in the name of the Borrower. Prior to such a deposit, the Borrower will not commingle any Items of Payment with any of the other funds or

The Collateral Account. The Borrower will deposit, or cause to be deposited, all Items of Payment to a bank account designated by the Lender and from which the Lender alone has power of access and withdrawal (the "Collateral Account"). Each deposit shall be made not later than the next Business Day after the date of receipt of the Items of Payment. The Items of Payment shall be deposited in precisely the form received, except for the endorsements of the Borrower where necessary to permit the collection of any such Items of Payment, the Borrower hereby agreeing to make such endorsement. In the event the Borrower shall fail fails to do so, the Lender is hereby authorized by the Borrower to make the endorsement in the name of the Borrower. Prior to such a deposit, the Borrower will not commingle any Items of Payment with any of the Borrower's other funds oror property, but will hold them separate and apart in trust and for the account of the Lender.

The Collateral Account. The Borrower Borrowers will deposit, or cause to be deposited, all Items of Payment to a bank account designated by the Lender and from which the Lender alone has power of access and withdrawal (the "Collateral Account"). Each deposit shall be made not later than the next two (2) Business Day Days after the date of receipt of the Items of Payment. The Items of Payment shall be deposited in precisely the form received, except for the endorsements of the Borrower Borrowers where necessary to permit the collection of any such Items of Payment, the each Borrower hereby agreeing to make such endorsement. In the event the any Borrower shall fail to do so, the Lender is hereby authorized by the each Borrower to make the endorsement in the name of the such Borrower. Prior to such a deposit, none of the Borrower Borrowers will not commingle any Items of Payment with any of the other funds oror property of any other Borrower, but will hold them separate and apart in trust and for the account of the Lender.

The Collateral Account. The Borrower Borrowers will deposit, or cause to be deposited, all Items of Payment to a bank account designated by the Lender and from which the Lender alone has power of access and withdrawal (the "Collateral Account"). Each deposit shall be made not later than the next Business Day after the date of receipt of the Items of Payment. The Items of Payment shall be deposited in precisely the form received, except for the endorsements of the Borrower Borrowers where necessary to permit the collection of any such Items of Payment, the each Borrower hereby agreeing to make such endorsement. In the event the any Borrower shall fail to do so, the Lender is hereby authorized by the each Borrower to make the endorsement in the name of the such Borrower. Prior to such a deposit, none of the Borrower Borrowers will not commingle any Items of Payment with any of the other funds oror property of any other Borrower, but will hold them separate and apart in trust and for the account of the Lender.

The Collateral Account. The Borrower Borrowers will deposit, or cause to be deposited, all Items of Payment to a bank account designated by the Lender and from which the Lender alone has power of access and withdrawal (the "Collateral Account"). Each deposit shall be made not later than the next Business Day after the date of receipt of the Items of Payment. The Items of Payment shall be deposited in precisely the form received, except for the endorsements of the Borrower Borrowers, as appropriate, where necessary to permit the collection of any such Items of Payment, the each Borrower hereby agreeing to make such endorsement. In the event the any Borrower shall fail to do so, the Lender is hereby authorized by the each such Borrower to make the endorsement in the name of the such Borrower. Prior to such a deposit, the Borrower Borrowers will not commingle any Items of Payment with any of the other funds oror property of the Borrowers, but will hold them separate and apart in trust and for the account of the Lender.