Common use of Blocked Accounts Clause in Contracts

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 77 contracts

Samples: Credit and Security Agreement (Green Plains Inc.), Security Agreement (Perma Fix Environmental Services Inc), Revolving Creditandsecurity Agreement (TCP International Holdings Ltd.)

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Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions reasonably acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 4 contracts

Samples: Security Agreement (Integrated Biopharma Inc), Security Agreement (Hutchinson Technology Inc), Security Agreement (P&f Industries Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the CollateralCollateral or, alternatively, the Borrower shall have established with Agent all of its bank accounts with Agent, all in a manner to the satisfaction of Agent in its sole discretion;

Appears in 3 contracts

Samples: Revolving Credit and Security Agreement (Horsehead Holding Corp), Revolving Credit and Security Agreement (Horsehead Holding Corp), Security Agreement (Horsehead Holding Corp)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or for Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 3 contracts

Samples: Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc)

Blocked Accounts. Agent shall have received duly executed ---------------- agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 2 contracts

Samples: Air Methods Corp, Air Methods Corp

Blocked Accounts. Agent shall have received received, in form and substance satisfactory to Agent, duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 2 contracts

Samples: Revolving Credit and Security Agreement (E Com Ventures Inc), Revolving Credit and Security Agreement (E Com Ventures Inc)

Blocked Accounts. To the extent so requested, Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 2 contracts

Samples: Security Agreement (Keane Group, Inc.), Security Agreement (Keane Group, Inc.)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions reasonably acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral, except for any zero-balance accounts or accounts which are used solely for the payment of salaries and wages, employee benefits, workers’ compensation and similar expenses;

Appears in 2 contracts

Samples: Security Agreement (SMTC Corp), Security Agreement (SMTC Corp)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Collection Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 2 contracts

Samples: Guaranty, and Security Agreement (Rocky Brands, Inc.), Revolving Credit, Guaranty, and Security Agreement (Rocky Brands, Inc.)

Blocked Accounts. Agent shall have received the duly executed Blocked Account Agreements or other agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 2 contracts

Samples: Security Agreement (Allegheny Technologies Inc), Security Agreement (Imco Recycling Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;.

Appears in 1 contract

Samples: Loan and Security Agreement (Lets Talk Cellular & Wireless Inc)

Blocked Accounts. Agent shall have received duly executed ---------------- agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and all other proceeds of the Collateral;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Styrochem International LTD)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral, and duly executed deposit account control agreements in form and substance satisfactory to Agent and relating to each account into which ABL Priority Collateral is or may be deposited;

Appears in 1 contract

Samples: Security Agreement (UniTek Global Services, Inc.)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral, all of which shall be established with Agent or with financial institutions acceptable to Agent;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Zanett Inc)

Blocked Accounts. Agent shall have received duly ---------------- executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 1 contract

Samples: Security Agreement (Radnor Holdings Corp)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for all collection accounts with financial institutions other than the collection Agent or servicing of as otherwise required by the Receivables and proceeds of the CollateralDocuments;

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions reasonably acceptable to Agent for the collection or servicing of the Receivables which are not factored pursuant to the Factoring Agreement and proceeds of the Collateral;

Appears in 1 contract

Samples: Financing Agreement (Verrazano,inc.)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the CollateralFirst-Priority Collateral or, alternatively, Borrowers shall have established with Agent all of its bank accounts with Agent, all in a manner to the satisfaction of Agent in its sole discretion;

Appears in 1 contract

Samples: Security Agreement (Maxum Petroleum Holdings, Inc.)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts (as applicable) with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 1 contract

Samples: Security Agreement (Emtec Inc/Nj)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the CollateralCollateral (including a transition agreement entered into with Xxxxx Fargo Capital Finance, LLC and Xxxxx Fargo Bank, National Association with respect to the post-closing handling of dispositions of receipts at Borrowers’ existing lockbox accounts);

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Image Entertainment Inc)

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Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the CollateralCollateral and such letters as shall be acceptable to Agent evidencing that all Blocked Accounts and Depository Accounts and all bank accounts which transmit funds to such Blocked Accounts or Depository Accounts will accept changes in instructions only from Agent;

Appears in 1 contract

Samples: Security Agreement (Danskin Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Accounts and other Receivables and proceeds of the related Collateral;

Appears in 1 contract

Samples: Loan and Security Agreement (Winnebago Industries Inc)

Blocked Accounts. Agent shall have received the duly executed Blocked Account Agreements or other agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the CollateralCollateral and such agreements shall be held in escrow pursuant to the terms of Section 4.15(h) hereof;

Appears in 1 contract

Samples: Security Agreement (Allegheny Technologies Inc)

Blocked Accounts. Agent shall have received duly executed ---------------- agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent the Bank for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 1 contract

Samples: Credit and Security Agreement (World Wrestling Federation Entertainment Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 1 contract

Samples: Loan and Security Agreement (Swenson Granite Co LLC)

Blocked Accounts. Agent shall have received duly executed ---------------- agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable in all respects to Agent for the collection or and servicing of the Receivables and other proceeds of the Collateral;

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Eltrax Systems Inc)

Blocked Accounts. Agent shall have received duly executed ---------------- agreements establishing the Blocked Accounts or for Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 1 contract

Samples: Credit and Security Agreement (Pc Connection Inc)

Blocked Accounts. Agent shall have received duly executed ----------------- agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 1 contract

Samples: Security Agreement (Intelligroup Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral;

Appears in 1 contract

Samples: Security Agreement (Sypris Solutions Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for all collection accounts with financial institutions other than Agent or as otherwise required by the collection or servicing of the Receivables and proceeds of the CollateralDocuments;

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral, subject to Section 4.15(h);

Appears in 1 contract

Samples: Security Agreement (Us Home & Garden Inc)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the CollateralCollateral or, alternatively, Loan Parties shall have established with Agent all of its bank accounts with Agent, all in a manner to the satisfaction of Agent in its sole discretion;

Appears in 1 contract

Samples: Security Agreement (General Finance CORP)

Blocked Accounts. Agent shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Agent for the collection or servicing of the Receivables and proceeds of the Collateral, including a deposit account control agreement with Citizens Bank in form and substance reasonably satisfactory to Agent pursuant to which Agent shall have the sole right, upon an Event of Default, to instruct such bank to sweep all funds deposited in such accounts to an account maintained by Agent;

Appears in 1 contract

Samples: Security Agreement (Presstek Inc /De/)

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