Deposit of Collateral Sample Clauses
The 'Deposit of Collateral' clause establishes the requirement for one party to provide assets or funds as security to the other party, typically to guarantee performance or payment under an agreement. In practice, this clause specifies the type of collateral to be deposited, the timing and method of deposit, and any conditions for its release or substitution; for example, a borrower may be required to deposit cash or securities into a designated account before a loan is disbursed. The core function of this clause is to protect the interests of the party receiving the collateral by reducing credit risk and ensuring there are tangible assets available in case of default or non-performance.
Deposit of Collateral. IFTC shall direct Bank to deposit, transfer and maintain assets specified by Customer by Written Notice as Collateral in the Safekeeping Account in an amount sufficient to provide such Margin as shall be required by the Rules and Regulations, and Bank shall provide Broker and IFTC with Written Notice of each such deposit. Customer may deposit amounts in excess of such requirements. The designation "Customer Funds" in the account title is intended to indicate the status of the Safekeeping Accounts under the Rules and Regulations; however, to the extent not inconsistent with such Rules and Regulations, the provisions of this Agreement shall be controlling as to the rights of the parties in the Collateral.
Deposit of Collateral. To secure payment of the Pledgor's obligations under the Loan Agreement, Pledgor hereby pledges and deposits the Securities with Pledgee and hereby grants to Pledgee a valid and perfected first lien on and security interest in the Securities and other items of the Collateral.
Deposit of Collateral. Pledgor shall (i) deliver the Certificate(s) to Pledgee and (ii) deliver stock power(s) in the form of EXHIBIT A attached hereto, duly executed in blank, for the Collateral to Pledgee.
Deposit of Collateral. Pledgor hereby deposits with Kahn, Kleinman, Yano▇▇▇▇ & ▇rns▇▇ ▇▇., L.P.A. as Agent (the "Agent"), a stock certificate representing the Pledged Shares, and an Irrevocable Stock Power duly endorsed by Pledgor to transfer the Pledged Shares. Such stock certificate and stock power shall be held by the Agent, on behalf of Pledgee, subject to the terms and conditions of this Agreement in order to secure the payment obligations of Pledgor to Pledgee pursuant to the Note. Upon the payment in full of the Note, such certificate of stock and stock power shall be returned by the Agent to the Pledgor.
Deposit of Collateral. Acquisition shall have deposited, or shall have directed the deposit of, the proceeds of the offering with the Collateral Agent, as contemplated in the Pledge Agreement (it being understood that this condition shall be deemed satisfied to the extent it occurs simultaneously with the purchase and payment of the Securities).
Deposit of Collateral. 22 (k) Depositary.....................................................23 (l) Pledge Agreement...............................................23 (m) Agreement with Vestar and the Collateral Agent.................23 (n)
Deposit of Collateral. The Pledgor shall (i) deliver the Certificate(s) to the Pledgee (or its designee) and (ii) deliver stock power(s), duly executed in blank, for the Collateral to the Pledgee (or its designee).
Deposit of Collateral. (A) Each of the Pledgors shall, from time to time, promptly deposit with OPIC (or the Collateral Agent, for the benefit of OPIC) any and all certificates or other instruments representing or evidencing all Securities constituting part of the Collateral acquired by such Pledgor, duly endorsed in blank in the case of debt instruments, accompanied by undated stock powers duly executed in blank by such Pledgor in the case of other Securities, or accompanied by such other instruments of transfer as are acceptable to OPIC and in accordance with applicable law, and including a certificate executed by such Pledgor describing such Securities and certifying that the same have been duly pledged to OPIC or the Collateral Agent hereunder. All Securities and instruments of transfer shall be held in accordance with this Agreement.
(B) Notwithstanding anything to the contrary contained in this Agreement, to the extent any Security (whether now owned or hereafter acquired) is uncertificated, each Pledgor of such Security shall promptly notify OPIC and the Collateral Agent, and shall promptly take all actions required to perfect OPIC's security interest in and Lien on such uncertificated Security under applicable law. Each Pledgor further agrees to take such actions as OPIC deems necessary or desirable to effect the foregoing and to permit OPIC to exercise any of its rights and remedies hereunder, and agrees to provide an opinion of counsel reasonably satisfactory to OPIC with respect to any such pledge of uncertificated Securities promptly upon the request of OPIC.
(C) If any Pledgor shall acquire (by purchase, distribution or otherwise) any additional Securities at any time or from time to time after the date hereof, such Pledgor shall forthwith pledge such Securities as collateral security to OPIC or the Collateral Agent hereunder and, to the extent such Securities are certificated or uncertificated, as the case may be, comply with the applicable requirements of Section 2.2 with respect to such Securities.
Deposit of Collateral. (A) Immediately upon Borrower’s receipt thereof, all cash, checks and other proceeds of Borrower’s Accounts and other Collateral shall be deposited by Borrower into Borrower’s primary operating account maintained with Lender. All checks received by Borrower shall be scanned and deposited by Borrower using Lender’s check scanning technology. All such payments or proceeds of the Collateral received by Borrower, any Affiliate or Subsidiary of Borrower, or any shareholder, officer, director, employee or agent of Borrower, or any other Person acting for or in concert with Borrower, shall be received in trust by Borrower for the benefit of Lender. All checks, drafts, instruments and other items of payment or Proceeds of Collateral shall be endorsed by Borrower to Lender, and, if that endorsement of any such item shall not be made for any reason, Lender is hereby irrevocably authorized to endorse the same on Borrower’s behalf. For the purpose of this section, Borrower irrevocably hereby makes, constitutes and appoints Lender (and all Persons designated by Lender for that purpose) as Borrower’s true and lawful attorney and agent-in-fact (i) to endorse Borrower’s name upon said items of payment and/or Proceeds of Collateral and upon any Chattel Paper, Document, Instrument, invoice or similar document or agreement relating to any Account of Borrower or Goods pertaining thereto; (ii) to take control in any manner of any item of payment or Proceeds thereof; and (iii) to have access to any lock box or postal box into which any of Borrower’s mail is deposited, and open and process all mail addressed to Borrower and deposited therein.
(B) Upon Lender’s request at any time an Event of Default exists, and at all times thereafter, (i) Borrower shall have directed and shall continue to direct all of its Account Debtors to make all payments on the Accounts directly to a post office box (the “Lock Box”) held at and under the exclusive control of, Lender, and (ii) Borrower shall establish an account (the “Cash Collateral Account”) in Lender’s name with Lender. Initially, all payments received in the Lock Box shall be deposited into the Borrower’s primary operating account maintained with Lender; provided, however, at any time upon Lender’s election (a “Cash Dominion Election”), Lender shall have the option to deposit all payments received in the Lock Box into the Cash Collateral Account and apply such payments to the Liabilities as set forth in Section 4.5(C) below.
(C) From an...
Deposit of Collateral. Customer shall deposit with Custodian, and Custodian --------------------- agrees to hold in pledge, as bailee of and as agent for DLJ and its successors and assigns, such Collateral that may be so deposited hereunder from time to time. Custodian shall maintain such Collateral so deposited in separate records and files.