Common use of Reserves Clause in Contracts

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 29 contracts

Samples: Loan and Security Agreement (Sandbridge Acquisition Corp), Loan and Security Agreement (Sandbridge Acquisition Corp), Loan and Security Agreement (Zoom Telephonics, Inc.)

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Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 14 contracts

Samples: Loan and Security Agreement (Grove Collaborative Holdings, Inc.), Loan and Security Agreement (Sentinel Labs, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 12 contracts

Samples: Loan and Security Agreement (Oaktree Acquisition Corp.), Loan and Security Agreement (Magnite, Inc.), Loan and Security Agreement (Procore Technologies, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when a Default or an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c5.4(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 9 contracts

Samples: Loan and Security Agreement (Ceribell, Inc.), Loan and Security Agreement (Myomo, Inc.), Loan and Security Agreement (Ceribell, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 6 contracts

Samples: Loan and Security Agreement (Upstart Holdings, Inc.), Loan and Security Agreement (Upstart Holdings, Inc.), Loan and Security Agreement (Sumo Logic, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s Co-Borrowers’ operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 5 contracts

Samples: Loan and Security Agreement (Upstart Holdings, Inc.), Loan and Security Agreement (Upstart Holdings, Inc.), Loan and Security Agreement (Leaf Group Ltd.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 4 contracts

Samples: Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Treace Medical Concepts, Inc.), Loan and Security Agreement (Aspen Aerogels Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Designated Deposit Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 4 contracts

Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 4 contracts

Samples: Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.), Loan and Security Agreement (Weave Communications, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account Lockbox that are not applied to the Obligations pursuant to Section 6.3(c2.6(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank the Designated Deposit Account when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 2 contracts

Samples: Loan and Security Agreement (Sensus Healthcare, Inc.), Loan and Security Agreement (Sensus Healthcare, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 2 contracts

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

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default existsexists and is continuing, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Calix, Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c5.4(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Airgain Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may may, to the extent of outstanding Obligations, hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Harmonic Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the outstanding Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Misonix Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) ), as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

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

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default existshas occurred and is continuing, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Omeros Corp)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.. 224419751 v2

Appears in 1 contract

Samples: Loan and Security Agreement (Verrica Pharmaceuticals Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectaccount) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Datawatch Corp)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c6.4(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Rosetta Stone Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c6.13(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Aerohive Networks, Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s Borrowers’ operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (BK Technologies Corp)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when following the occurrence and continuance of an Event of Default existsDefault, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c5.4(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve Reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

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

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Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Lantronix Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

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

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when a Default or an Event of Default existshas occurred and is continuing, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c5.4(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

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

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when a Default or an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c5.4(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.. (e)

Appears in 1 contract

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

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c6.13(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.. (e)

Appears in 1 contract

Samples: Loan and Security Agreement

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectabove) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.. (e)

Appears in 1 contract

Samples: Loan and Security Agreement (Luna Innovations Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payablepayable (which application shall be in the order specified in Section 6.3(c)(i) above).

Appears in 1 contract

Samples: Loan and Security Agreement (Molekule Group, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may may, to the extent of outstanding Obligations, hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to a Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations of the applicable Borrower regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Harmonic Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to any Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Aviat Networks, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default existsis continuing, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effectBank) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

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

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations Obligations, regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Sonic Foundry Inc)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations with respect to the Revolving Line pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations with respect to the Revolving Line regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Velo3D, Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may in its commercially reasonable judgment hold any proceeds of the Accounts and any amounts in the Cash Collateral Account that are not applied to the Obligations pursuant to Section 6.3(c6.3(e) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

Samples: Loan and Security Agreement (Outbrain Inc.)

Reserves. Notwithstanding any terms in this Agreement to the contrary, at times when an Event of Default exists, Bank may hold any proceeds of the Accounts and any amounts in the Cash Collateral Lockbox Account that are not applied to the Obligations pursuant to Section 6.3(c) above (including amounts otherwise required to be transferred to Borrower’s operating account with Bank when a Streamline Period is in effect) as a reserve to be applied to any Obligations regardless of whether such Obligations are then due and payable.

Appears in 1 contract

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

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