Common use of Deposit Accounts Clause in Contracts

Deposit Accounts. Upon the occurrence and during the continuation of an Event of Default, Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with Secured Party constituting part of the Collateral.

Appears in 19 contracts

Samples: Credit Agreement (Blackbaud Inc), Credit Agreement (Enstar Income Program Iv-1 Lp), Credit Agreement (Dominicks Supermarkets Inc)

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Deposit Accounts. Upon the occurrence and during the continuation of an Event of Default, Secured Party and each Lender may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with Secured Party or such Lender constituting part of the Collateral.

Appears in 7 contracts

Samples: Security Agreement (Eldorado Resorts LLC), Security Agreement (Eldorado Resorts LLC), Guarantor Security Agreement (Eldorado Resorts LLC)

Deposit Accounts. Upon the occurrence and during the ---------------- continuation of an Event of Default, Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with Secured Party constituting part of the Collateral.

Appears in 3 contracts

Samples: Company Security Agreement (Sandhills Inc), Subsidiary Security Agreement (Sandhills Inc), Security Agreement (Diamond Brands Operating Corp)

Deposit Accounts. Upon the occurrence and during the continuation of an Event of Default, Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with Secured Party constituting part of the Collateral. Secured Party may, to the fullest extent, further exercise offset rights with respect to such deposit accounts.

Appears in 2 contracts

Samples: Assignment and Borrower Security Agreement (American Homepatient Inc), Assignment And (American Homepatient Inc)

Deposit Accounts. Upon the occurrence and during the continuation continuance of an Event of Default, the Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with the Secured Party constituting part of the Collateral.

Appears in 2 contracts

Samples: Security Agreement (JLM Industries Inc), Security Agreement (JLM Industries Inc)

Deposit Accounts. Upon the occurrence and during the continuation of an Event of Default, Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with Secured Party constituting part of the Collateral. Secured Party may, to the fullest extent, further exercise offset rights with respect to such deposit accounts.

Appears in 2 contracts

Samples: Assignment and Subsidiary Security Agreement (American Homepatient Inc), Assignment and Subsidiary Security Agreement (American Homepatient Inc)

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Deposit Accounts. Upon the occurrence and during the continuation of an Event of Default, Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained by Grantor with Secured Party constituting part of the Collateral.

Appears in 1 contract

Samples: Credit Agreement (Manufacturers Services LTD)

Deposit Accounts. Upon the occurrence and during ---------------- the continuation of an Event of Default, Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with Secured Party constituting part of the Collateral.

Appears in 1 contract

Samples: Subsidiary Security Agreement (Pantry Inc)

Deposit Accounts. Upon Following occurrence of the Grant Effectiveness Condition, upon the occurrence and during the continuation of an Event of Default, Secured Party may exercise dominion and control over, and refuse to permit further withdrawals (whether of money, securities, instruments or other property) from any deposit accounts maintained with Secured Party constituting part of the Collateral.

Appears in 1 contract

Samples: Contingent Subordinate Security Agreement (Valhi Inc /De/)

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