Banking Relationship. Borrower shall at all times maintain its primary banking relationship with Silicon.
Banking Relationship. Establish and maintain its primary banking depository and disbursement relationship with the Bank.
Banking Relationship. In accepting deposits under this Agreement, the Custodian (for On Book Cash) or the relevant Subcustodian (for Off Book Cash) acts as banker and does not hold the money deposited on trust or segregated from its proprietary assets. Accordingly, the Client is an unsecured creditor of the Custodian (for On Book Cash) or the relevant Subcustodian (for Off Book Cash), subject to such rights as may arise in an Insolvency Event as determined under the laws of the jurisdiction of the Custodian or relevant Subcustodian. With respect to Off Book Cash, the Custodian is only responsible for returning the actual amount that the Custodian receives from the Subcustodian.
Banking Relationship. Borrower shall at all times maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, within 30 days after the date of this Agreement, and at all times thereafter, Borrower shall, at all times, maintain not less than 90% of its total cash and investments on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within 30 days after the date of this Agreement, to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon’s first-priority security interest in said Deposit Accounts and investment accounts. (2)
Banking Relationship. The Borrower covenants and agrees, at all times during the term of this Agreement, to utilize the Bank as its primary bank of account and depository for all financial services, including all receipts, disbursements, cash management and related service.
Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship with Silicon, with all significant deposits to be maintained at Silicon.
Banking Relationship. The Borrower shall maintain a significant operating relationship with the Bank during the period for which any Loans or the Revolving Credit Commitment is outstanding, including without limitation, maintaining its primary depository account, cash management and lockbox services with the Bank.
Banking Relationship. Borrower shall at all times maintain its primary banking relationship, including without limitation its primary operating account, with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 100% of its total cash and investments on deposit with Silicon.
Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship with Silicon, with all significant investments and deposits to be maintained at Silicon so long as rates remain competitive, provided, however, (i) Borrower may maintain up to $250,000 in the aggregate in accounts (investment, deposit or otherwise) maintained with domestic third party institutions, and (ii) Borrower and its subsidiaries may maintain up to $1,000,000 in the aggregate in foreign accounts.
Banking Relationship. Borrower shall at all times during the term of this Agreement maintain its primary operating deposit accounts with Silicon. Without limiting the generality of the foregoing, Silicon shall be permitted to seek to have Borrower maintain up to all of its total cash and investments held domestically on deposit with Silicon; provided, however, other than its primary operating deposit accounts, Borrower is not obligated to agree to do so. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within 30 days after the date of this Agreement, to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's first-priority security interest in said Deposit Accounts and investment accounts.
