Common use of The Collateral Accounts Clause in Contracts

The Collateral Accounts. In order to secure further the payment and the performance of the Obligations and to effect and facilitate the right of the Secured Parties, each Borrower (other than a Qualified Borrower) shall require that each of its Investors wire transfer to such Borrower’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Capital Calls. In addition, to the extent not funded directly by the Investors into the respective Borrower Collateral Account, each of the Borrowers (other than a Qualified Borrower) shall promptly, but within five (5) Business Days of receipt thereof, deposit into its respective Collateral Account any payments and monies that such Borrower receives directly from Investors as Capital Contributions.