Common use of Depositary and Other Deposit Accounts Clause in Contracts

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to Lenders 10 calendar days' prior written notice (or such lesser notice as Lenders may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Sources: Guaranty and Security Agreement (IMRIS Inc.)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts (other than Excluded Accounts) unless such Grantor shall have given to Lenders Secured Creditor 10 calendar days' prior written notice (or such lesser notice as Lenders Secured Creditor may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Mannkind Corp)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to Lenders 10 the Collateral Agent ten (10) calendar days' prior written notice (or such lesser notice as Lenders the Collateral Agent may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Kempharm, Inc)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to Lenders 10 calendar days' prior written notice (or such lesser notice as Lenders may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Sources: Guaranty and Security Agreement (IMRIS Inc.)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts (other than Excluded Accounts) unless such Grantor shall have given to Lenders Secured Creditors 10 calendar days' prior written notice (or such lesser notice as Lenders Secured Creditors may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Sources: Guaranty and Security Agreement (Mannkind Corp)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts (other than an Excluded Account) unless such Grantor shall have given to Lenders 10 calendar days' prior written notice (or such lesser notice as Lenders may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Sources: Facility Agreement (Infinity Pharmaceuticals, Inc.)

Depositary and Other Deposit Accounts. No Grantor shall open any depositary or other deposit accounts unless such Grantor shall have given to Lenders 10 Purchasers10 calendar days' prior written notice (or such lesser notice as Lenders Purchasers may agree in its sole discretion) of its intention to open any such new deposit accounts.

Appears in 1 contract

Sources: Security Agreement (Aerie Pharmaceuticals Inc)