Common use of Management of the Account Clause in Contracts

Management of the Account. The Deposit Account shall be used by Obligor to initiate and complete its Tenant Improvements under the Lease. Obligor may initiate release of funds, subject to approval in writing of Secured Party prior to the release of all funds, which approval shall not be unreasonably withheld, delayed or conditioned, provided the release of funds is to the vendors, contractors or suppliers completing the Tenant Improvements to complete the Tenant Improvements. Obligor acknowledges that Secured Party has control (as defined in and pursuant to the provisions of Section 9-104 of the Uniform Commercial Code) of the Deposit Account and Obligor may not withdraw or otherwise dispose of any funds in the Deposit Account except as expressly provided in this Agreement. Obligor and Secured Party shall jointly control the release of funds from the Deposit Account until such time as Secured Party delivers a Notice of Exclusive Control (as defined herein) to Bank.

Management of the Account. The Deposit Account shall be used by Obligor to initiate and complete its Tenant Improvements under the Lease. Obligor may initiate release of funds, subject to approval in writing of Secured Party prior to the release of all fundsfluids, which approval shall not be unreasonably withheld, delayed or conditioned, provided the release of funds is to the vendors, contractors or suppliers completing the Tenant Improvements to complete the Tenant Improvements. Obligor acknowledges that Secured Party has control (as defined in and pursuant to the provisions of Section 9-104 of the Uniform Commercial Code) of the Deposit Account and Obligor may not withdraw or otherwise dispose of any funds in the Deposit Account except as expressly provided in this Agreement. Obligor and Secured Party shall jointly control the release of funds from the Deposit Account until such time as Secured Party delivers a Notice of Exclusive Control (as defined herein) to Bank.