Lockboxes. Upon request of Secured Party, Debtor shall execute and deliver to Secured Party irrevocable lockbox agreements in the form provided by or otherwise acceptable to Secured Party, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of Secured Party granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at Secured Party.
Appears in 3 contracts
Samples: Pledge and Security Agreement (PreCheck Health Services, Inc.), Pledge and Security Agreement (Rf Monolithics Inc /De/), Pledge and Security Agreement (Rf Monolithics Inc /De/)
Lockboxes. Upon During the continuance of an Event of Default, upon request of Secured Party, each Debtor shall execute and deliver to Secured Party irrevocable lockbox agreements in the form provided by or otherwise acceptable to Secured Party, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of Secured Party granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at Secured Party.
Appears in 2 contracts
Samples: Pledge and Security Agreement (Home Solutions of America Inc), Pledge and Security Agreement (Home Solutions of America Inc)
Lockboxes. Upon request of Secured Party, each Debtor shall execute and deliver to Secured Party irrevocable lockbox agreements in the form provided by or otherwise acceptable to Secured Party, which agreements shall be accompanied by an acknowledgment by the bank where the lockbox is located of the Lien of Secured Party granted hereunder and of irrevocable instructions to wire all amounts collected therein to a special collateral account at Secured Party.
Appears in 1 contract
Samples: Pledge and Security Agreement (Integrated Performance Systems Inc)
