Common use of Restrictions on withdrawal Clause in Contracts

Restrictions on withdrawal. Despite any term to the contrary in relation to any deposit or credit balance at any time on any account of the Borrower with the Agent or with any of the Banks, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower during the Facility Period except in accordance with the Security Documents, but the Agent or any Bank may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this Clause.

Restrictions on withdrawal. Despite any term to the contrary in relation to any deposit or credit balance at any time on any account of the Borrower with the Agent or with any of the BanksBank, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower during the Facility Period except in accordance with the Security Documents, but the Agent or any Bank may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this Clause.

Restrictions on withdrawal. Despite any term to the contrary in relation to any deposit or credit balance at any time on any account of the Borrower with the Agent any of Banks or with any of the BanksAgent, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower during the Facility Period except in accordance with the Security Documents, but the Agent or any Bank may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this Clause.

Restrictions on withdrawal. Despite any term Subject to the contrary Clause 10.7, in relation to any deposit or credit balance at any time on any account of the Borrower with the Agent or with any of the BanksLender, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower during the Facility Period except in accordance with the Security Documents, but the Agent or any Bank Lender may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this Clause.