Common use of Deposit and Brokerage Accounts Clause in Contracts

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower or another Loan Party at any time opens or maintains, the applicable Borrower shall, or shall cause the applicable Loan Party to, at Agent's request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from the applicable Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of the applicable Borrower or the applicable Loan Party.

Deposit and Brokerage Accounts. For each deposit account or brokerage account that any Borrower or another Loan Party at any time opens or maintains, the applicable Borrower shall, or shall cause the applicable Loan Party to, at Agent's ’s request and option, pursuant to an agreement in form and substance reasonably satisfactory to Agent, cause the depository bank or securities intermediary, as applicable, to agree to comply at any time with instructions from the applicable Agent to such depository bank or securities intermediary, as applicable, directing the disposition of funds from time to time credited to such deposit or brokerage account, without further consent of the applicable Borrower or the applicable Loan Party.