Obligations of Secured Party. Secured Party has no obligation to make any loans hereunder. Any money received by Secured Party in respect of the Collateral may be deposited, at Secured Party's option, into a non-interest bearing account over which Grantor shall have no control, and
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Samples: Security Agreement (Arcturus Therapeutics Holdings Inc.), Security Agreement (Arcturus Therapeutics Holdings Inc.)
Obligations of Secured Party. Secured Party has no obligation to make any loans hereunder. Any money received by Secured Party in respect of the Collateral may be deposited, at Secured Party's option, into a non-interest bearing account over which Grantor Debtor shall have no control, andand the same shall, for all purposes, be deemed Collateral hereunder.
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Samples: Transaction Specific Security Agreement (Englobal Corp), Security Agreement (Interactive Television Networks)
Obligations of Secured Party. Secured Party has no obligation to make any loans or other financial accommodations hereunder. Any money received by Secured Party in respect of the Collateral may be deposited, at Secured Party's ’s option, into a non-interest bearing account over which Grantor Debtors shall have no control, andand the same shall, for all purposes, be deemed Collateral hereunder.
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Obligations of Secured Party. Secured Party has no obligation to make any loans hereunder. Any money received by Secured Party in respect of the Collateral and Proceeds may be deposited, at Secured Party's option, into a non-non- interest bearing account over which Grantor Debtor shall have no control, andand the same shall, for all purposes, be deemed Collateral hereunder.
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Samples: Continuing Security Agreement (Leslies Poolmart Inc)
Obligations of Secured Party. (a) Except as provided in the Loan Agreement, Secured Party has no obligation to make any loans hereunder. Any money received by Secured Party in respect of the Collateral may be deposited, at Secured Party's option, into a non-interest bearing account over which Grantor Debtor shall have no control, andand the same shall, for all purposes, be deemed Collateral hereunder.
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