Common use of Operating Accounts Clause in Contracts

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 11 contracts

Samples: Loan and Security Agreement (Acelrx Pharmaceuticals Inc), Loan and Security Agreement (Adynxx, Inc.), Loan and Security Agreement (Adynxx, Inc.)

AutoNDA by SimpleDocs

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts with Bank or its Affiliates in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 7 contracts

Samples: Loan and Security Agreement (Civitas Therapeutics, Inc.), Loan and Security Agreement (Sutro Biopharma, Inc.), Loan and Security Agreement (Sutro Biopharma Inc)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ (that are either co-Borrowers or Guarantors) Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent; except with respect to deposit accounts excepted from this requirement pursuant to the last sentence of Section 6.6(b).

Appears in 3 contracts

Samples: Loan and Security Agreement (Sigilon Therapeutics, Inc.), Loan and Security Agreement (Foghorn Therapeutics Inc.), Loan and Security Agreement (Sigilon Therapeutics, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ primary Collateral Accounts with Bank or its Affiliates in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 3 contracts

Samples: Loan and Security Agreement (Halozyme Therapeutics Inc), Loan and Security Agreement (Halozyme Therapeutics Inc), Loan and Security Agreement (Halozyme Therapeutics Inc)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts with Xxxxx Fargo Bank in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lombard Medical, Inc.), Loan and Security Agreement (Lombard Medical, Inc.)

Operating Accounts. (a) Maintain Except as contemplated by Section 6.6(b), maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Inhibrx, Inc.), Loan and Security Agreement (Paratek Pharmaceuticals Inc)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts Accounts, other than Excluded Accounts, in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Vera Therapeutics, Inc.), Loan and Security Agreement (Vera Therapeutics, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent, except as permitted in Section 6.6(b) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Durect Corp), Loan and Security Agreement (Durect Corp)

Operating Accounts. (a) Maintain all of Borrower’s Collateral Accounts, operating and its Subsidiaries’ Collateral Accounts in investment accounts with Borrower’s Account Banks, which accounts are subject to a Control Agreement Agreements in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan Modification Agreement (PTC Therapeutics, Inc.), Loan Modification Agreement (PTC Therapeutics, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ (that are Loan Parties) Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent except as permitted in clause (b) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (PROCEPT BioRobotics Corp), Loan and Security Agreement (PROCEPT BioRobotics Corp)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent other than deposit accounts used exclusively for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s or any of its Subsidiaries’ employees and identified to Collateral Agent by Borrower as such in the Perfection Certificate.

Appears in 2 contracts

Samples: Loan and Security Agreement (Auspex Pharmaceuticals, Inc.), Loan and Security Agreement (Auspex Pharmaceuticals, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its domestic Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Evolus, Inc.), Loan and Security Agreement (Restoration Robotics Inc)

Operating Accounts. (a) Maintain all of Borrower’s primary and its Subsidiaries’ primary Collateral Accounts Accounts, including all securities accounts, with Bank or its Affiliates in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Constellation Pharmaceuticals Inc), Loan and Security Agreement (Constellation Pharmaceuticals Inc)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts with the institutions set forth in the Perfection Certificates and in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (Tobira Therapeutics, Inc.), Loan and Security Agreement (Tobira Therapeutics, Inc.)

Operating Accounts. (a) Maintain all All of the Borrower’s and its Subsidiaries’ Collateral Accounts must be maintained in accounts Collateral Accounts with Bank or its Affiliates, each of which are subject to a Control Agreement in favor of Collateral AgentAgent for the ratable benefit of the Secured Parties.

Appears in 2 contracts

Samples: Loan and Security Agreement (scPharmaceuticals Inc.), Loan and Security Agreement (scPharmaceuticals Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its domestic U.S. Subsidiaries’ Collateral Accounts with Bank or its Affiliates in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 2 contracts

Samples: Loan and Security Agreement (SI-BONE, Inc.), Loan and Security Agreement (SI-BONE, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent; except as permitted under Section 6.6(b).

Appears in 2 contracts

Samples: Loan and Security Agreement (Centrexion Therapeutics Corp), Loan and Security Agreement (Centrexion Therapeutics Corp)

Operating Accounts. (a) Maintain all of Borrower’s and its domestic Subsidiaries’ Collateral Accounts with financial instructions reasonably satisfactory to Collateral Agent and in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Peregrine Pharmaceuticals Inc)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts with a bank of Borrower’s choice, subject to the Collateral Agent’s reasonable consent (an “Approved Bank”), in accounts which are subject to a Control Agreement in favor of Collateral Agent, except as permitted in clause (b) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Aviragen Therapeutics, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’, domestic Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Avanir Pharmaceuticals, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ (other than its Foreign Subsidiaries’) primary Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent; provided that Borrower and its Subsidiaries may also maintain accounts with Xxxxx Fargo Bank, N.A. that are subject to Control Agreement(s) in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Cytori Therapeutics, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ domestic operating Deposit Accounts with Bank or its Affiliates, and cause all of its Collateral Accounts in accounts which are to be subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Relypsa Inc)

AutoNDA by SimpleDocs

Operating Accounts. (a) Maintain (i) all of Borrower’s and its Subsidiaries’ that are co-borrowers or Guarantors Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent (except with respect to deposit accounts excepted from this requirement pursuant to the last sentence of Section 6.6(b)); and (ii) all of Borrower’s and its Subsidiaries’ that are co-borrowers or Guarantors primary operating accounts with Bank or its Affiliates.

Appears in 1 contract

Samples: Loan and Security Agreement (Tocagen Inc)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts with RBC, First Republic Bank and Xxxxxx Xxxxxxx, in each case in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Sophiris Bio Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts (other than the Excluded Accounts) in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (LogicBio Therapeutics, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its domestic Subsidiaries’ primary Collateral Accounts with Bank or its Affiliates in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent (except as provided by the second to last sentence of Section 6.6(b)).

Appears in 1 contract

Samples: Loan and Security Agreement (Kura Oncology, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ any Loan Party’s Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent except as permitted in clause (b) below.

Appears in 1 contract

Samples: Loan and Security Agreement (Bellicum Pharmaceuticals, Inc)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent (except as provided in Section 6.6(b)).

Appears in 1 contract

Samples: Loan and Security Agreement (Regulus Therapeutics Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ primary Collateral Accounts with Bank or its Affiliates in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Apricus Biosciences, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent, other than the Excluded Accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Celsion CORP)

Operating Accounts. (a) Maintain all All of Borrower’s and its Subsidiaries’ Collateral Accounts must be maintained in accounts Collateral Accounts with Bank or its Affiliates, each of which are subject to a Control Agreement in favor of Collateral AgentAgent for the ratable benefit of the Secured Parties.

Appears in 1 contract

Samples: Loan and Security Agreement (scPharmaceuticals Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ each Subsidiary’s Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent other than Excluded Accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Aclaris Therapeutics, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ (which are Guarantors or co-Borrowers) Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Navidea Biopharmaceuticals, Inc.)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiariesthe Guarantors’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

Appears in 1 contract

Samples: Loan and Security Agreement (Pulmonx Corp)

Operating Accounts. (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts Accounts, excess cash, letters of credit, cash management services, foreign exchange services and merchant services with Bank or its Affiliates in accounts which are subject to a Control Agreement in favor of Collateral AgentAgent (except as provided in subsections (b) or (d) below).

Appears in 1 contract

Samples: Loan and Security Agreement (Senseonics Holdings, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.