Common use of Banking Relationship Clause in Contracts

Banking Relationship. Borrower shall at all times until the Termination of Silicon's Commitment maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, prior to any Trigger Event Period, Borrower shall at all times maintain a majority of its total cash and investments on deposit with Silicon and after any Trigger Event Period, Borrower shall at all times maintain all of its 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 thirty (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.

Appears in 1 contract

Samples: Loan and Security Agreement (Axeda Systems Inc)

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Banking Relationship. Borrower shall at all times until the Termination of Silicon's Commitment maintain its primary banking relationship and cash management relationships with SiliconSilicon or SVB Securities. Without limiting the generality of the foregoing, prior foregoing (but subject to any Trigger Event PeriodSection 5(b) of this Schedule), Borrower shall shall, at all times times, maintain a majority the greater of its $10,000,000 or 50% of Borrower's total cash and investments on deposit cash equivalents with Silicon and after any Trigger Event Period, Borrower shall at all times maintain all of its cash and investments on deposit with SiliconSVB Securities. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within thirty (30) 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Harmonic Inc)

Banking Relationship. Borrower shall at all times until the Termination of Silicon's Commitment maintain its primary banking relationship operating accounts with Silicon. Without , and without limiting the generality of the foregoing, prior to any Trigger Event PeriodBorrower shall, Borrower shall at all times times, maintain a majority of its total cash and investments on deposit with Silicon an amount not less than the lesser of (i) $50,000,000, or (ii) 85% of Borrower’s total unrestricted cash, Cash Equivalents and after any Trigger Event Period, Borrower shall at all times maintain all of its cash and investments on deposit with Siliconother investments. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within thirty (30) 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 ’s first-priority security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Zhone Technologies Inc)

Banking Relationship. Borrower shall at all times until the Termination of Silicon's Commitment maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, prior to any Trigger Event Periodwithin sixty days of the date hereof and at all times thereafter, Borrower shall at all times maintain a majority not less than 85% of its Mxxxxxx Technologies, Inc.’s total cash and investments on deposit with Silicon and after any Trigger Event Period, Borrower shall at all times maintain all of its cash and investments on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, if at any time Borrower fails to comply with the terms of the preceding sentence, Borrower shall cause such institution, within thirty (30) 10 days after the date of this Agreementsuch non-compliance, to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's ’s first-priority security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Samples: Loan and Security Agreement (Maxwell Technologies Inc)

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Banking Relationship. Borrower shall at all times until the Termination of Silicon's Commitment maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, prior to any Trigger Event PeriodBorrower shall, Borrower shall at all times times, (i) maintain a majority of not less than $500,000 in its total cash Deposit Accounts with Silicon, and investments on deposit with Silicon and after any Trigger Event Period, Borrower shall at all times (ii) maintain all of its cash operating accounts and deposit accounts with Silicon, and (iii) maintain not less than 85% of its total investments on deposit and investment accounts with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within thirty (30) 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Alibris Inc)

Banking Relationship. Borrower shall at all times until during the Termination term of Silicon's Commitment this Agreement maintain its primary banking relationship operating deposit accounts with Silicon. Without limiting the generality of the foregoing, prior Silicon shall be permitted to any Trigger Event Period, seek to have Borrower shall at maintain up to all times maintain a majority of its total cash and investments on deposit with Silicon and after any Trigger Event Period, Borrower shall at all times maintain all of its 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 thirty (30) 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.

Appears in 1 contract

Samples: Loan Agreement (Adept Technology Inc)

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