Examples of Deposit and Security Agreement in a sentence
The Program Lender also hereby assigns and sets over to the Depositor any claims it may now have or hereafter have to the Pledged Account pledged under the Guaranty Agreement and under the Deposit and Security Agreement that relate to the Transferred Bank One Loans, and the Program Lender hereby releases any security interest it may have in such Pledged Account relating to the Transferred Bank One Loans.
The Deposit and Security Agreement shall apply to all "Loans" guaranteed under the Guaranty Agreement in accordance with the definition of "Loans" as amended herein.
The Deposit and Security Agreement shall apply to all Corporate Advantage Loan Program loans guaranteed under the Guaranty Agreement.
Throughout the term of this Deposit and Security Agreement, possession of the Collateral shall be maintained by Agent, or its agent or nominee (if Agent so chooses from time to time), as necessary and appropriate to perfect Agent's security interest therein as provided in, and subject to the terms of, this Deposit and Security Agreement; PROVIDED, HOWEVER, that Agent shall at all times be responsible for the safekeeping of the Collateral and the acts of any such agent or nominee.
Agent shall have no duty to inquire as to the performance or observance of any of the terms, covenants or conditions of this Deposit and Security Agreement.