Common use of Deposit Accounts; Control Clause in Contracts

Deposit Accounts; Control. To further secure the Secured Obligations, and to more fully protect the security interest of Secured Party against Liens of other creditors of any Debtor, each Debtor hereby agrees that Secured Party shall have the right to direct the disposition of funds in such Deposit Accounts upon the occurrence and during the continuance of any Event of Default, without further consent of Debtor and shall execute and deliver to Secured Party, and shall cause each Bank with which such Deposit Account identified on Schedule 2.02 is maintained (excluding any payroll or disbursement accounts) to execute and deliver to Secured Party, such Deposit Account Control Agreements as Secured Party may reasonably request, in a form reasonably satisfactory to Secured Party, to further confirm and perfect Secured Party’s Lien upon such Debtor’s Deposit Accounts (excluding any payroll or disbursement accounts). If any Debtor is unable to obtain such Deposit Account Control Agreements, at Secured Party’s request, Debtor shall close such Deposit Accounts and move to a financial institution reasonably acceptable to Secured Party in order to enable Secured Party to obtain a perfected security interest in such Deposit Accounts.

Deposit Accounts; Control. To further secure the Secured Obligations, and to more fully protect the security interest of Secured Party against Liens of other creditors of any Debtorthe Company, each Debtor the Company hereby agrees that Secured Party shall have the right to direct the disposition of funds in such Deposit Accounts upon the occurrence and during the continuance of any Event of Default, without further consent of Debtor the Company and shall execute and deliver to Secured Party, and shall cause each Bank with which such Deposit Account identified on Schedule 2.02 is maintained (excluding any payroll or disbursement accounts) to execute and deliver to Secured Party, such Deposit Account Control Agreements as Secured Party may reasonably request, in a form reasonably satisfactory to Secured Party, to further confirm and perfect Secured Party’s Lien upon such Debtorthe Company’s Deposit Accounts (excluding any payroll or disbursement accounts). If any Debtor the Company is unable to obtain such Deposit Account Control Agreements, at Secured Party’s request, Debtor the Company shall close such Deposit Accounts and move to a financial institution reasonably acceptable to Secured Party in order to enable Secured Party to obtain a perfected security interest in such Deposit Accounts.

Deposit Accounts; Control. To further secure the Secured Obligations, and to more fully protect the security interest of Secured Party against Liens of other creditors of any Debtor, each Debtor hereby agrees that Secured Party shall have the right to direct the disposition of funds in such Deposit Accounts upon the occurrence and during the continuance of any Event of Default, without further consent of Debtor and shall execute and deliver to Secured Party, and shall cause each Bank bank with which such Deposit Account identified on Schedule 2.02 is maintained (excluding any payroll or disbursement accounts) to execute and deliver to Secured Party, such Deposit Account Control Agreements as Secured Party may reasonably request, in a form reasonably satisfactory to Secured Party, to further confirm and perfect Secured Party’s Lien upon such Debtor’s Deposit Accounts (excluding any payroll or disbursement accounts). If any Debtor is unable to obtain such Deposit Account Control Agreements, at Secured Party’s request, Debtor shall close such Deposit Accounts and move to a financial institution reasonably acceptable to Secured Party in order to enable Secured Party to obtain a perfected security interest in such Deposit Accounts.