Blocked Accounts. The Loan Parties shall have opened the Depository Accounts with Agent and/or Agent shall have received duly executed agreements establishing the Blocked Accounts with one or more Blocked Account Banks for the collection or servicing of the Receivables and proceeds of the Collateral and Agent shall have received, in form and substance reasonably satisfactory to Agent, deposit account control agreements among Agent, each applicable Loan Party and each applicable Blocked Account Bank with respect to such Blocked Accounts;
Appears in 3 contracts
Samples: Security Agreement (Williams Industrial Services Group Inc.), Credit and Security Agreement (Perma-Pipe International Holdings, Inc.), Security Agreement (Williams Industrial Services Group Inc.)
Blocked Accounts. The Loan Parties shall have opened the Depository Accounts with Agent and/or Agent shall have received duly executed agreements establishing the Blocked Accounts with one or more Blocked Account Banks for the collection or servicing of the Receivables and proceeds of the Collateral and Agent shall have received, in form and substance reasonably satisfactory to Agent, deposit account control agreements among Agent, 133 each applicable Loan Party and each applicable Blocked Account Bank with respect to such Blocked Accounts;
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Williams Industrial Services Group Inc.)
Blocked Accounts. The Loan Parties shall have opened the Depository Accounts with Agent and/or Agent shall have received duly executed agreements establishing the Blocked Accounts with one or more Blocked Account Banks for the collection or servicing of the Receivables and proceeds of the Collateral and Agent shall have received, in form and substance reasonably satisfactory to Agent, deposit account control agreements among Agent, each applicable Loan Party and each applicable Blocked Account Bank with respect to such Blocked Accounts;
Appears in 1 contract
Samples: Security Agreement (AutoWeb, Inc.)
Blocked Accounts. The Loan Parties shall have opened the Depository Accounts with Agent and/or (or an Affiliate of the Agent) or Agent shall have received duly executed agreements establishing the Blocked Accounts with one or more Blocked Account Banks financial institutions acceptable to the Agent for the collection or servicing of the Receivables and proceeds of the Collateral and Agent shall have received, entered into control agreements with the applicable financial institutions in form and substance reasonably satisfactory to Agent, deposit account control agreements among Agent, each applicable Loan Party and each applicable Blocked Account Bank the Agent with respect to such Blocked Accounts;
Appears in 1 contract
Blocked Accounts. The Loan Parties shall have opened the Depository Accounts with Agent and/or Agent shall have received duly executed agreements establishing the Blocked Accounts with one or more Blocked Account Banks for the collection or servicing 133 of the Receivables and proceeds of the Collateral and Agent shall have received, in form and substance reasonably satisfactory to Agent, deposit account control agreements among Agent, each applicable Loan Party and each applicable Blocked Account Bank with respect to such Blocked Accounts;
Appears in 1 contract
Samples: Security Agreement (Williams Industrial Services Group Inc.)
Blocked Accounts. The Loan Parties shall have opened the Depository Accounts with Agent and/or Agent shall have received duly executed agreements establishing the Blocked Accounts with one or more Blocked Account Banks for the collection or servicing of the Receivables and proceeds of the Collateral and Agent shall have received, in form and substance reasonably satisfactory to Agent, deposit account control agreements among Agent, each applicable Loan Party and each applicable Blocked Account Bank with respect to such Blocked Accounts;; 102 074658.18062/111245555v.10
Appears in 1 contract
Samples: Security Agreement (Perma-Pipe International Holdings, Inc.)
