Common use of Turnover of Property Held by Bank Clause in Contracts

Turnover of Property Held by Bank. Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over to Bank any property of Borrower held by such Affiliate, including without limitation, funds and securities for such Borrower’s account and to debit, for the benefit of Bank, any deposit account maintained by Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request direction of Bank and without further notice, to turn over turnover to Bank any property of Borrower held by such Affiliate, including without limitation, limitation funds and securities held for such Borrower’s 's account and to debit, for the benefit of the Bank, any deposit account maintained by Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a as penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over to Bank any property of Borrower held by such Affiliate, including without limitation, funds and securities for such Borrower’s account and to debit, for the benefit of Bank, any deposit account maintained by Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Each Borrower irrevocably authorizes authorizes- any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over turnover to Bank any property of any Borrower held by such Affiliate, including without limitation, funds and securities for such any Borrower’s 's account and to debit, for the benefit of Bank, any deposit account maintained by any Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Borrower irrevocably authorizes authorize any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over turnover to Bank any property of Borrower held by such Affiliate, including without limitation, funds and securities for such the Borrower’s 's account and to debit, for the benefit of Bank, any deposit account maintained by Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over turnover to Bank any property of Borrower held by such Affiliate, including without limitation, funds and securities for such Borrower’s 's account and to debit, for the benefit of Bank, any deposit account maintained by Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over turnover to Bank any property of Borrower held by such Affiliate, including including, without limitation, funds and securities for such Borrower’s 's account and to debit, for the benefit of Bank, any deposit account maintained by Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Each Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over turnover to Bank any property of such Borrower held by such Affiliate, including without limitation, funds and securities for such Borrower’s account and to debit, for the benefit of Bank, any deposit account maintained by such Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Each Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over turnover to Bank any property of any Borrower held by such Affiliate, including without limitation, funds and securities for such any Borrower’s 's account and to debit, for the benefit of Bank, any deposit account maintained by any Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.

Turnover of Property Held by Bank. Each Borrower irrevocably authorizes any Affiliate of Bank, upon and following the occurrence and during the continuance of an Event of Default, at the request of Bank and without further notice, to turn over to Bank any property of such Borrower held by such Affiliate, including without limitation, funds and securities for such Borrower’s 's account and to debit, for the benefit of Bank, any deposit account maintained by such Borrower with such Affiliate (even if such deposit account is not then due or there results a loss or reduction of interest or the imposition of a penalty in accordance with law applicable to the early withdrawal of time deposits), in the amount requested by Bank up to the amount of the Bank Indebtedness, and to pay or transfer such amount or property to Bank for application to the Bank Indebtedness.