THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements shall be made by the Borrower solely from, the Operating Account.
Appears in 9 contracts
Samples: Loan and Security Agreement (Golf Galaxy, Inc.), Loan and Security Agreement (Redenvelope Inc), Loan and Security Agreement (Bakers Footwear Group Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower Borrowers’ Representative upon, and other disbursements shall be made by the Borrower Borrowers’ Representative solely from, the Operating Account.
Appears in 7 contracts
Samples: Term Loan and Security Agreement (Destination Xl Group, Inc.), Loan and Security Agreement (Casual Male Retail Group Inc), Loan and Security Agreement (Casual Male Retail Group Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements shall be made by the Borrower solely from, the Operating Account or the Payroll Account.
Appears in 3 contracts
Samples: Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc), Loan and Security Agreement (Hastings Entertainment Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower Borrowers' Representative upon, and other disbursements shall be made by the Borrower Borrowers' Representative solely from, the Operating Account.
Appears in 2 contracts
Samples: Loan and Security Agreement (Designs Inc), Loan and Security Agreement (Jacobson Stores Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this AgreementAgreement or as described on EXHIBIT 7.6, annexed hereto, all checks shall be drawn by the Lead Borrower upon, and other disbursements shall be made by the Lead Borrower solely from, the Operating Account.
Appears in 2 contracts
Samples: Loan and Security Agreement (dELiAs, Inc.), Loan and Security Agreement (Alloy Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements shall be made by the Borrower solely from, the Operating AccountAccount or from its payroll account.
Appears in 2 contracts
Samples: Loan and Security Agreement (Homebase Inc), Loan and Security Agreement (Homebase Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower and the Guarantors upon, and other disbursements shall be made by the Borrower and the Guarantors solely from, the Operating AccountAccounts.
Appears in 1 contract
Samples: Loan and Security Agreement (Harrys Farmers Market Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, or permitted by, this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements shall be made by the Borrower solely from, the Operating Account.
ARTICLE 8: - GRANT OF SECURITY INTEREST:
Appears in 1 contract
Samples: Loan and Security Agreement (Bakers Footwear Group Inc)
THE OPERATING ACCOUNT. Except as otherwise specifically provided in, in or permitted by, by this Agreement, all checks shall be drawn by the Borrower upon, and other disbursements shall be made by the Borrower solely from, the Operating Account.
Appears in 1 contract
