Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 9 contracts
Samples: Loan and Security Agreement (Metalico Inc), Loan and Security Agreement (Wam Net Inc), Loan and Security Agreement (Pioneer Companies Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent Lender shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 7 contracts
Samples: Credit Agreement (Piccadilly Cafeterias Inc), Loan and Security Agreement (RMH Teleservices Inc), Loan and Security Agreement (I Link Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 6 contracts
Samples: Loan and Security Agreement (BGF Industries Inc), Loan and Security Agreement (Factory Card Outlet Corp), Loan and Security Agreement (Leapfrog Enterprises Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent Lender shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 4 contracts
Samples: Loan and Security Agreement (SPSS Inc), Loan and Security Agreement (Futurelink Corp), Loan and Security Agreement (Metalico Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers Companies agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Companies may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 4 contracts
Samples: Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Telos Corp), Loan and Security Agreement (Alpine Group Inc /De/)
Securities Accounts. Establish Except in connection with a Permitted Bond Financing, establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 2 contracts
Samples: And Consolidated Loan and Security Agreement (Big Dog Holdings Inc), Loan and Security Agreement (Big Dog Holdings Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to Borrower shall not transfer assets out of any Securities Account; providedPROVIDED, howeverHOWEVER, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (HPSC Inc), Loan and Security Agreement (HPSC Inc)
Securities Accounts. Establish or maintain any Securities Account securities account unless the Administrative Agent shall have received a Control Agreement in respect of such Securities Accountsecurities account in compliance with Section 6.18. Borrowers agree to not No Borrower shall transfer assets out of any Securities Accountsecurities account; provided, however, that, so long as no Cash Dominion Event of Default has occurred and is continuing or would result therefrom, the Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 2 contracts
Samples: Term Loan Agreement (Bombay Co Inc), Credit Agreement (Bombay Company Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; providedPROVIDED, howeverHOWEVER, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Peregrine Systems Inc), Loan and Security Agreement (Frontstep Inc)
Securities Accounts. Establish or maintain any Securities Account unless Collateral Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Cutter & Buck Inc), Loan and Security Agreement (Northland Cranberries Inc /Wi/)
Securities Accounts. Establish or maintain any Securities Account of a Borrower unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Cellstar Corp), Term Loan and Security Agreement (Cellstar Corp)
Securities Accounts. Establish or maintain any Securities Account ------------------- unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred -------- ------- and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account ------------------- unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; provided, however, -------- ------- 109 that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Friede Goldman Halter Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent Lender shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement and such Control Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Harvey Electronics Inc)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities AccountAccount (unless a Control Agreement is expressly not required by Section 7.13). Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (World Airways Inc /De/)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not No Borrower shall transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish Borrowers will not establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; providedPROVIDED, howeverHOWEVER, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account of a ------------------- Borrower unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred -------- ------- and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account unless Agent the Trustee shall have received a Control Agreement in respect of such Securities Account. Borrowers agree The Note Parties are not to not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, the Company or the other Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Samples: Amerco /Nv/
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree Borrower will not transfer, and will not permit any of its Subsidiaries to not transfer transfer, assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account -------------------- unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree Borrower will not transfer, and will not permit any of its Subsidiaries to not transfer transfer, assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account ------------------- unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred -------- ------- and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (DSG International LTD)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not None of the Loan Parties shall transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers the Loan Parties may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement and Guaranty (Archibald Candy Corp)
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to The Borrower shall not transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers Borrower may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account unless Agent Lender shall have received a Control Agreement in respect of such Securities Account. Borrowers agree to not No Obligor shall transfer assets out of any Securities Account; provided, however, that, so long as no Event of Default has occurred and is continuing or would result therefrom, Borrowers the applicable Obligor may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
Securities Accounts. Establish or maintain any Securities Account unless Agent shall have received a Control Agreement in respect of such Securities AccountAccount subject to the provisions of Section 2.6. Borrowers agree to not No Borrower shall transfer assets out of any Securities Account; provided, however, that, so long as no Cash Dominion Event of Default has occurred and is continuing or would result therefrom, Borrowers may use such assets (and the proceeds thereof) to the extent not prohibited by this Agreement.
Appears in 1 contract
