Common use of Commencing on the Clause in Contracts

Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall cause to be deposited directly all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral into lock boxes or lock box accounts in such Credit Party's or Lender's name (collectively, the "Lock Box Accounts") set forth in paragraph 1 of Attachment I hereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Global Pharmaceutical Corp \De\), Loan and Security Agreement (U S Trucking Inc)

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Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall cause to be deposited directly all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral into lock boxes or lock box accounts the blocked account in such Credit Party's or Lender's name (collectively, the "Lock Box Blocked Accounts") set forth in paragraph 1 of Attachment I hereto.

Appears in 2 contracts

Samples: Loan and Security Agreement (Intelefilm Corp), Loan and Security Agreement (Harmony Holdings Inc)

Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall cause to be deposited directly all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral into lock boxes or lock box accounts in such Credit Party's or Lender's name (collectively, the "Lock Box AccountsLOCK BOX ACCOUNTS") set forth in paragraph 1 of Attachment ATTACHMENT I hereto.

Appears in 1 contract

Samples: Loan and Security Agreement (Adams Golf Inc)

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Commencing on the. Closing Date and until the Termination Date, each Corporate Credit Party shall deposit or, if directed by Lender, cause to be deposited directly directly, in either case on the date of receipt thereof, all cash, checks, notes, drafts or other similar items relating to or constituting proceeds of or payments made in respect of any and all Collateral into lock boxes or lock box blocked accounts in such Credit Party's or Lender's name (collectively, the "Lock Box AccountsBLOCKED ACCOUNTS") set forth in paragraph 1 of Attachment ATTACHMENT I hereto.

Appears in 1 contract

Samples: Trademark Security Agreement (Sentry Technology Corp)

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