Common use of Additional Bank Accounts Clause in Contracts

Additional Bank Accounts. Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.10 hereto, except:

Appears in 2 contracts

Samples: Loan and Security Agreement (Wareforce Com Inc), Loan and Security Agreement (Wareforce Com Inc)

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Additional Bank Accounts. Borrower Borrowers shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.10 8.8 hereto, except:except:(a) as to any new or additional Blocked Accounts and (b) as permitted by Sections 7.11 and 7.12 hereof.

Appears in 2 contracts

Samples: Loan and Security Agreement (Nutritional Sourcing Corp), Loan and Security Agreement (Nutritional Sourcing Corp)

Additional Bank Accounts. No Borrower shall notshall, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts Collateral Account and the accounts set forth in Schedule 8.10 5.19 hereto, except:.

Appears in 1 contract

Samples: Credit and Security Agreement (Smtek International Inc)

Additional Bank Accounts. Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.10 4.4 hereto, except:: (a) as to any new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Bank and subject to such conditions thereto as Bank may establish and (b) as to any accounts used by Borrower to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Bank.

Appears in 1 contract

Samples: General Security Agreement (Elite Information Group Inc)

Additional Bank Accounts. Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.10 8.8 hereto, except:: (a) as to any new or additional Blocked Accounts and other such new or additional accounts which contain any Collateral or proceeds thereof, with the prior written consent of Lender and subject to such conditions thereto as Lender may establish and (b)

Appears in 1 contract

Samples: Loan and Security Agreement (Centennial Technologies Inc)

Additional Bank Accounts. No Borrower shall notshall, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.10 6.3 hereto and Schedule 5.2(d) hereto, except:except to the extent permitted by Sections 5.2(d) and 5.2(e) hereof."

Appears in 1 contract

Samples: General Security Agreement (Trans World Entertainment Corp)

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Additional Bank Accounts. Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and the accounts set forth in Schedule 8.10 8.8 hereto, except:

Appears in 1 contract

Samples: Loan Agreement (Geologistics Corp)

Additional Bank Accounts. Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Accounts and maintained with HSBC Bank and, subject Section 6.7, the accounts set forth in Schedule 8.10 SCHEDULE 5.23 hereto, except:.

Appears in 1 contract

Samples: Loan and Security Agreement (Atari Inc)

Additional Bank Accounts. Borrower shall not, directly or indirectly, open, establish or maintain any deposit account, investment account or any other account with any bank or other financial institution, other than the Blocked Collection Accounts and the accounts set forth in Schedule 8.10 8.11 hereto, except:: (a) new or additional Collection Accounts and other new or additional accounts which do not, 47 53 and will not, contain any Collateral or proceeds thereof, and (b) as to any accounts used by Borrower to make payments of payroll, taxes or other obligations to third parties, after prior written notice to Lender.

Appears in 1 contract

Samples: Loan and Security Agreement (Hypercom Corp)

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