Common use of Deposit Accounts Clause in Contracts

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 27 contracts

Samples: Guarantee and Collateral Agreement (Independence Contract Drilling, Inc.), Pledge and Security Agreement (Meridian Waste Solutions, Inc.), Patent Security Agreement (Services International LLC)

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Deposit Accounts. If any Upon the occurrence and during the continuation of an Event of Default shall have occurred and be continuingsubject to the Intercreditor, the Collateral Agent may will have the right to apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 4 contracts

Samples: Security Agreement (Wornick CO Right Away Division, L.P.), Senior Secured Note Security Agreement (155 East Tropicana, LLC), Senior Secured Note Security Agreement (Oasis Interval Ownership, LLC)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply apply, to the extent permitted by applicable law, the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Evergreen Solar Inc), Pledge and Security Agreement (Evergreen Solar Inc), Credit and Guaranty Agreement (Sanmina-Sci Corp)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 3 contracts

Samples: Pledge and Security Agreement (Medical Device Manufacturing, Inc.), Credit and Guaranty Agreement (Medical Device Manufacturing, Inc.), Pledge and Security Agreement (Kroll Inc)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account (other than Excluded Accounts) or instruct the bank at which any Deposit Account (other than Excluded Accounts) is maintained to pay the balance of any Deposit Account (other than Excluded Accounts) to or for the benefit of the Collateral Agent.

Appears in 3 contracts

Samples: Pledge and Security Agreement (REVA Medical, Inc.), Pledge and Security Agreement (Landec Corp \Ca\), Pledge and Security Agreement (Lifecore Biomedical, Inc. \De\)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from the Cash Collateral Accounts or any Deposit Account or instruct the bank at which the Cash Collateral Accounts are, or any Deposit Account is is, maintained to pay the balance of the Cash Collateral Accounts or any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 3 contracts

Samples: First Lien Pledge and Security Agreement (Vonage Holdings Corp), Second Lien Pledge and Security Agreement (Vonage Holdings Corp), Third Lien Pledge and Security Agreement (Vonage Holdings Corp)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may may, after notice to the appropriate Grantor, and subject to the terms of the Credit Agreement, apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral AgentAgent as payment for the Secured Obligations.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Tumi Holdings, Inc.), Credit and Guaranty Agreement (Tumi Holdings, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent Agent, subject to the Intercreditor Agreement, may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral AgentAgent to be applied subject to the Intercreditor Agreement to the Secured Obligations in the order of priority set forth in Section 8.03 of the Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Zekelman Industries, Inc.), Term Loan Credit Facility (CommScope Holding Company, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account that is subject to a control agreement pursuant to the Credit Agreement or instruct the bank at which any such Deposit Account is maintained to pay the balance of any such Deposit Account to or for the benefit of the Collateral Agent. Unless an Event of Default shall have occurred and be continuing, the Collateral Agent agrees not to instruct any bank in which any Deposit Account that is subject to a control agreement pursuant to the Credit Agreement is maintained as provided in the immediately preceding sentence.

Appears in 2 contracts

Samples: Pledge and Security Agreement (Bell Powersports, Inc.), Pledge and Security Agreement (Easton-Bell Sports, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, subject to the terms of the applicable Deposit Account Control Agreement, the Collateral Agent may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account in accordance with the Credit Agreement, and subject to or for the benefit terms of the Collateral AgentIntercreditor Agreement.

Appears in 2 contracts

Samples: Revolving Credit Agreement Pledge and Security Agreement (Dura Automotive Systems Inc), Second Lien Pledge and Security Agreement (Dura Automotive Systems Inc)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account Account, or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Veritone, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may may, subject to the terms and conditions of the Intercreditor Agreement, apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Control Agreement (Arizona Chemical Ltd.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account (other than the Exempt Accounts) or instruct the bank at which any Deposit Account (other than the Exempt Accounts) is maintained to pay the balance of any Deposit Account (other than the Exempt Accounts) to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (CVR Energy Inc)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, subject to the Intercreditor Agreement, the Collateral Agent may may, to the extent permitted by applicable law, apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Paramount Acquisition Corp)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account (other than the Exempt Deposit Accounts) or instruct the bank at which any Deposit Account (other than the Exempt Deposit Accounts) is maintained to pay the balance of any Deposit Account (other than the Exempt Deposit Accounts) to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: First Lien Pledge and Security Agreement (CVR Energy Inc)

Deposit Accounts. If Subject to the provisions of the Depositary Agreement, if any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account included in the Collateral, or instruct the bank Bank at which any such Deposit Account is maintained to pay the balance of any such Deposit Account to or for the benefit Account, in accordance with Section 7.2 of the Collateral Agentthis Agreement.

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Enviva Partners, LP)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent Agent, upon instruction of the Required Lenders, may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent, in each case, excluding Excluded Accounts, to be applied in accordance with this Agreement.

Appears in 1 contract

Samples: Pledge and Security Agreement (Danimer Scientific, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account (other than an Excluded Account) is maintained to pay the balance of any Deposit Account (other than an Excluded Account) to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Mortons Restaurant Group Inc)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may may, subject to the Intercreditor Agreement, apply the balance from any Deposit Account (other than Foreign Deposit Accounts) or instruct the bank at which any Deposit Account (other than Foreign Deposit Accounts) is maintained to pay the balance of any Deposit Account (other than Foreign Deposit Accounts) to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Second Lien Pledge and Security Agreement (Day International Group Inc)

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Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent Agent, subject to the Intercreditor Agreement, may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral AgentAgent to be applied subject to the Intercreditor Agreement to the Secured Obligations in the order of priority set forth in Section 2.15(h) of the ABL Credit Agreement.

Appears in 1 contract

Samples: Revolving Credit Facility (CommScope Holding Company, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may may, to the extent permitted by applicable law, apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Paramount Acquisition Corp)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent Agent, subject to the Intercreditor Agreements, may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral AgentAgent to be applied subject to the Intercreditor Agreements to the Secured Obligations in the order of priority set forth in Section 6.10 of the Indenture.

Appears in 1 contract

Samples: Pledge and Security Agreement (CommScope Holding Company, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account (other than any Excluded Account) or instruct the bank at which any Deposit Account (other than any Excluded Account) is maintained to pay the balance of any such Deposit Account to or for the benefit of the Collateral Agent.. Pledge and Security Agreement

Appears in 1 contract

Samples: Credit and Guaranty Agreement (Del Frisco's Restaurant Group, LLC)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account (other than funds constituting trust funds) or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account (other than funds constituting trust funds) to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Simmons Co /Ga/)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account included in the Collateral, or instruct the bank Bank at which any such Deposit Account is maintained to pay the balance of any such Deposit Account to or for the benefit Account, in accordance with Section 7.2 of the Collateral Agentthis Agreement.

Appears in 1 contract

Samples: Credit Agreement (Enviva Partners, LP)

Deposit Accounts. If any Event of Default shall have has occurred and be is then continuing, the Collateral Agent may apply the balance from any Deposit Account or instruct (other than any Excluded Account) maintained with the bank at which any Deposit Account is maintained Collateral Agent to pay the balance of any Deposit Account (other than any Excluded Account) to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (NRC Group Holdings Corp.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account (other than Foreign Deposit Accounts) or instruct the bank at which any Deposit Account (other than Foreign Deposit Accounts) is maintained to pay the balance of any Deposit Account (other than Foreign Deposit Accounts) to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: First Lien Pledge and Security Agreement (Day International Group Inc)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent (acting at the written direction of Majority Holders) may apply apply, to the extent permitted by applicable law, the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Akoustis Technologies, Inc.)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent. *** Certain confidential information has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.

Appears in 1 contract

Samples: Financing Agreement (Federal Signal Corp /De/)

Deposit Accounts. If any Event of Default under either Indenture shall have occurred and be continuing, the Collateral Agent may apply apply, to the extent permitted by applicable law, the balance from any Deposit Account or instruct the bank at which any Deposit Account is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Pledge and Security Agreement (Evergreen Solar Inc)

Deposit Accounts. If any Event of Default shall have occurred and be continuing, the Collateral Agent may apply the balance from any Deposit Account subject to a control agreement or instruct the bank at which any Deposit Account subject to a control agreement is maintained to pay the balance of any Deposit Account to or for the benefit of the Collateral Agent.

Appears in 1 contract

Samples: Security Agreement (Las Vegas Sands Corp)

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