Common use of Commercial Operating Account Clause in Contracts

Commercial Operating Account. So long as credit is available hereunder or until all principal of and interest on the Notes have been paid in full, the Borrower shall maintain with Lender and/or an Lender Affiliate, as its primary financial institution, corporate deposit, cash management and loan accounts, where applicable. At the option of Lender, all Loan payments and fees will automatically be debited from the Borrower's primary operating account and all disbursements of Loan proceeds shall be made by the Lender's or Lender Affiliate's crediting of such disbursements directly into the appropriate Borrower's account.