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 29 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement, Pledge and Security Agreement (Meridian Waste Solutions, 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.
Appears in 4 contracts
Samples: Pledge and Security Agreement, Pledge and Security Agreement (Medical Device Manufacturing, Inc.), Credit and Guaranty Agreement (Medical Device Manufacturing, Inc.)
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 (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 (Lifecore Biomedical, Inc. \De\), Pledge and Security Agreement (Landec Corp \Ca\), Pledge and Security Agreement (REVA Medical, Inc.)
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, subject to the terms of the Intercreditor 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 to or for the benefit of the Collateral Agent.
Appears in 2 contracts
Samples: Pledge and Security Agreement (American Reprographics CO), Credit and Guaranty Agreement (Carmike Cinemas Inc)
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: Credit and Guaranty Agreement (Tumi Holdings, Inc.), Pledge and Security Agreement (Tumi Holdings, 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 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
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 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
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
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
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.)
