Common use of Blocked Accounts Clause in Contracts

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

Appears in 3 contracts

Samples: Security Agreement (Meridian Sports Inc), Credit and Security Agreement (Spar Group Inc), Security Agreement (Spar Group Inc)

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

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (General Datacomm Industries Inc)

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

Appears in 1 contract

Samples: Security Agreement (Fidelity National Information Solutions Inc)

Blocked Accounts. Lender shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Lender for the collection or servicing of the Receivables and proceeds of the CollateralCollateral (which agreements may be in the form of amendments to prior agreement among Borrower, GECC and such financial institutions);

Appears in 1 contract

Samples: Loan and Security Agreement (Atari Inc)

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

Appears in 1 contract

Samples: Term Loan and Security Agreement (U S Wireless Data Inc)

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

Appears in 1 contract

Samples: Security Agreement (E Com Ventures Inc)

Blocked Accounts. Lender shall have received duly executed agreements establishing the Blocked Accounts or Depository Accounts with financial institutions acceptable to Lender for the collection or servicing of the Receivables and proceeds of the Collateral;; All of each Borrower’s account debtors shall have received directions to make remittances to such Blocked Accounts.

Appears in 1 contract

Samples: Term Loan and Security Agreement (Allied Motion Technologies Inc)

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