Withdrawals from Accounts. (A) If an Enforcement Event has occurred and is continuing, each Chargor shall not withdraw any moneys (including interest) standing to the credit of any of its Bank Accounts other than with the prior consent of the Lender. (B) Following the occurrence of an Enforcement Event which is continuing, the Lender (or a Receiver) may withdraw amounts standing from the credit of a Chargor’s Bank Accounts.
Appears in 2 contracts
Sources: Supplemental Security Agreement (Freeline Therapeutics Holdings PLC), Security Agreement (Freeline Therapeutics Holdings PLC)