Common use of The Collateral Accounts Clause in Contracts

The Collateral Accounts. In order to secure further the payment and the performance of the Obligations and to effect and facilitate the right of the Secured Parties: (i) each Borrower shall require that each of its Investors wire transfer to such Borrower’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Capital Calls; and (ii) each Guarantor shall require that Investors in such Guarantor wire transfer to such Guarantor’s Collateral Account all monies or sums paid or to be paid by the Investors pursuant to Capital Calls. In addition, each of the Borrowers and Guarantors shall promptly deposit into its respective Collateral Account any payments and monies that such Credit Party receives directly from Investors as Capital Contributions.