Common use of Deposit Accounts Clause in Contracts

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

Appears in 11 contracts

Samples: Loan and Security Agreement (Dicerna Pharmaceuticals Inc), Loan and Security Agreement (Acelrx Pharmaceuticals Inc), Loan and Security Agreement (Revance Therapeutics, Inc.)

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Deposit Accounts. Neither Other than Excluded Accounts, neither Borrower nor any Qualified Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 7 contracts

Samples: Loan and Security Agreement (Viridian Therapeutics, Inc.\DE), Loan and Security Agreement (Tricida, Inc.), Loan and Security Agreement (Tricida, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement; provided that no Account Control Agreement shall be required for any Excluded Account.

Appears in 6 contracts

Samples: Loan and Security Agreement (Century Therapeutics, Inc.), Loan and Security Agreement (G1 Therapeutics, Inc.), Loan and Security Agreement (G1 Therapeutics, Inc.)

Deposit Accounts. Neither Borrower nor any Qualified Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 6 contracts

Samples: Loan and Security Agreement (ChemoCentryx, Inc.), Loan and Security Agreement (Paratek Pharmaceuticals, Inc.), Loan and Security Agreement (Aldeyra Therapeutics, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 6 contracts

Samples: Loan and Security Agreement (ChromaDex Corp.), Loan and Security Agreement (Neothetics, Inc.), Loan and Security Agreement (Agile Therapeutics Inc)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control AgreementAgreement or as shown on Schedule 7.12.

Appears in 4 contracts

Samples: Loan and Security Agreement (Corindus Vascular Robotics, Inc.), Loan and Security Agreement (Your Internet Defender, Inc), Loan and Security Agreement (Corindus Vascular Robotics, Inc.)

Deposit Accounts. Neither Borrower nor any domestic U.S. Subsidiary shall maintain any Deposit AccountsAccounts (other than payroll, trust or escrow accounts), or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreementa perfected security interest in each such account.

Appears in 4 contracts

Samples: Joinder Agreement (Aegerion Pharmaceuticals, Inc.), Loan and Security Agreement (Aegerion Pharmaceuticals, Inc.), Joinder Agreement (Aegerion Pharmaceuticals, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit AccountsAccounts (other than payroll, trust or escrow accounts), or accounts holding Investment Property, except with respect to which Lender has an Account Control AgreementAgreement and/or a first ranking right of pledge.

Appears in 3 contracts

Samples: Loan and Security Agreement (uniQure B.V.), Loan and Security Agreement (uniQure N.V.), Loan and Security Agreement (uniQure B.V.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, other than any account holding cash collateral for letters of credit as permitted pursuant to the definition of Permitted Indebtedness and Permitted Liens, except with respect to which Lender has an Account Control Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement, Loan and Security Agreement (Polymedix Inc), Loan and Security Agreement

Deposit Accounts. Neither Borrower nor any Qualified Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except (i) Excluded Accounts and (ii) with respect to which Lender Agent has an Account Control Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.), Loan and Security Agreement (Sorrento Therapeutics, Inc.)

Deposit Accounts. Neither Borrower nor any Qualified Subsidiary or Physician’s Group shall maintain any Deposit Accounts, or accounts holding Investment Property, other than Excluded Accounts except with respect to which Lender Agent has an Account Control Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Oak Street Health, Inc.), Loan and Security Agreement (Oak Street Health, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit AccountsAccounts constituting Collateral (other than payroll accounts or accounts holding trust fund taxes), or accounts holding Investment PropertyProperty constituting Collateral, except with respect to which Lender has an Account Control Agreement, if applicable.

Appears in 2 contracts

Samples: Loan and Security Agreement (Concert Pharmaceuticals, Inc.), Loan and Security Agreement (Concert Pharmaceuticals, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreementa perfected security interest in each such account.

Appears in 2 contracts

Samples: Joinder Agreement (Transcept Pharmaceuticals Inc), Loan and Security Agreement (Nexx Systems Inc)

Deposit Accounts. Neither Other than Excluded Accounts, neither Borrower nor any Subsidiary (other than Excluded Subsidiaries) shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Syndax Pharmaceuticals Inc), Loan and Security Agreement (Syndax Pharmaceuticals Inc)

Deposit Accounts. Neither Borrower nor any Domestic Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc), Loan and Security Agreement (Acelrx Pharmaceuticals Inc)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control AgreementAgreement and except for any Excluded Accounts.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tg Therapeutics, Inc.), Loan and Security Agreement (Tg Therapeutics, Inc.)

Deposit Accounts. Neither No Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except for Excluded Accounts and accounts with respect to which Lender Agent has an Account Control Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (BridgeBio Pharma, Inc.), Loan and Security Agreement (BridgeBio Pharma, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.Agreement or as shown on Exhibit E.

Appears in 2 contracts

Samples: Loan and Security Agreement (Zev Ventures Inc.), Loan and Security Agreement (Zev Ventures Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit AccountsAccounts (other than Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s employees and identified to Agent by Borrower as such), or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Edge Therapeutics, Inc.), Loan and Security Agreement (Edge Therapeutics, Inc.)

Deposit Accounts. Neither Borrower nor any Qualified Subsidiary or Physician’s Group shall maintain any Deposit Accounts, or accounts holding Investment Property, other than Excluded Accounts, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Oak Street Health, Inc.), Loan and Security Agreement (Oak Street Health, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit AccountsAccounts other than those set forth on Exhibit C, or accounts holding Investment Property. No Deposit Accounts shall be maintained, except with respect to which Lender has opened or established in the name of Borrower or any Subsidiary unless Agent shall have entered into an Account Control AgreementAgreement as to such Deposit Accounts.

Appears in 2 contracts

Samples: Working Capital Loan and Security Agreement (Communications Systems Inc), Loan and Security Agreement (Communications Systems Inc)

Deposit Accounts. Neither Other than Excluded Accounts, neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Constellation Pharmaceuticals Inc)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreementa perfected security interest in each such account (other than the Xxxxxx Xxxxxxx Account).

Appears in 1 contract

Samples: Loan and Security Agreement (Panacos Pharmaceuticals, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary other than a Foreign Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement., provided however,

Appears in 1 contract

Samples: Joinder Agreement (Zosano Pharma Corp)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement; provided however, that Borrower may maintain the Specified Account without such being subject to an Account Control Agreement so long as the account balance maintained therein as of any date is not greater than the Specified Account’s balance as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Amyris, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except (i) with respect to which Lender has an Account Control AgreementAgreement and (ii) constituting Royalty Accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Pacira Pharmaceuticals, Inc.)

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Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreementthe Lenders have a perfected security interest in each such account.

Appears in 1 contract

Samples: Loan and Security Agreement (Rubicon Technology, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement, other than Excluded Collateral.

Appears in 1 contract

Samples: Loan and Security Agreement (Neos Therapeutics, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit AccountsAccounts (other than payroll, trust or escrow accounts), or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Omthera Pharmaceuticals, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control AgreementInvestments other than the Deposit Accounts existing as of the Closing Date.

Appears in 1 contract

Samples: Loan and Security Agreement (Spring Bank Pharmaceuticals, Inc.)

Deposit Accounts. Neither No Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Cempra Holdings, LLC)

Deposit Accounts. Neither Subject to the terms of the Post-Closing Letter, neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Baxano Surgical, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement, provided that no Account Control Agreement shall be required for any Excluded Account.

Appears in 1 contract

Samples: Loan and Security Agreement (Kura Oncology, Inc.)

Deposit Accounts. Neither No Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender the Agent has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (INSMED Inc)

Deposit Accounts. Neither Borrower nor any Qualified Subsidiary shall maintain any Deposit Accounts (other than the Excluded Accounts), or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement, if applicable.

Appears in 1 contract

Samples: Loan and Security Agreement (Merrimack Pharmaceuticals Inc)

Deposit Accounts. Neither a Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except except, in each case, with respect to which Lender Agent has an Account Control Agreement, provided the foregoing shall not apply to Deposit Accounts used exclusively to maintain cash collateral subject to a lien described in clause (xiv) or (xix) of the defined term “Permitted Lien”.

Appears in 1 contract

Samples: Loan and Security Agreement (Proteostasis Therapeutics, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary Guarantor shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (BioAmber Inc.)

Deposit Accounts. Neither any Borrower nor any US Subsidiary of any Borrower shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control AgreementAgreement unless otherwise permitted pursuant to Section 3.3(b).

Appears in 1 contract

Samples: Loan and Security Agreement (Diomed Holdings Inc)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender has an Account Control Agreement; notwithstanding the above, no Account Control Agreement shall be required in connection with Borrower’s Deposit Account held with Bank of America as shown on Exhibit E so long as such Deposit Account is closed by April 22, 2013.

Appears in 1 contract

Samples: Loan and Security Agreement (Neuralstem, Inc.)

Deposit Accounts. Neither Borrower nor any Qualified Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except (i) for Excluded Accounts, or (ii) with respect to which Lender Agent has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Arsanis, Inc.)

Deposit Accounts. Neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement, other than Excluded Accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Immune Pharmaceuticals Inc)

Deposit Accounts. Neither Borrower nor any Qualified Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.. 7.13

Appears in 1 contract

Samples: Loan and Security Agreement (Concert Pharmaceuticals, Inc.)

Deposit Accounts. Neither Except for Excluded Accounts, neither Borrower nor any Subsidiary shall maintain any Deposit Accounts, or accounts holding Investment Property, except with respect to which Lender Agent has an Account Control Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Cerulean Pharma Inc.)

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