Depository/Banking Services Clause Samples

Depository/Banking Services. So long as this Agreement is in effect, Bank or any Bank Affiliate will be the principal depository in which all of Borrower's funds are deposited, and the principal bank of account of Borrower; provided, however, Borrower may maintain cash accounts with other depository bank so long as Bank has a perfected lien on such accounts through a deposit account control agreement of similar agreement in form acceptable to Bank and such account is not a principal depository account.

Depository/Banking Services. Borrower shall maintain a depository relationship with Bank as long as this Agreement is in effect.

Depository/Banking Services. So long as this Agreement is in effect, Lender shall be the principal depository in which substantially all of Loan Parties’ funds are deposited, and the principal bank of account of Loan Parties, and Loan Parties shall grant Lender an opportunity to provide any corporate banking services required by Loan Parties, including payroll and employee benefit plan services.

Depository/Banking Services. Lender shall be the principal depository in which substantially all of Borrower’s funds are deposited, and the principal bank of account of Borrower, as long as any Obligations are outstanding, and Borrower shall grant Lender the first and last opportunity to provide any corporate banking services required by Borrower and its Affiliates. In connection therewith and notwithstanding any provision herein to the contrary, Borrower hereby authorizes Lender to take any one or more of the following actions, from time to time, without further notice, request, demand or confirmation to, of or by Borrower, in accordance with the Master Treasury Management Agreement, the Treasury Management Services Terms and Conditions Book, or other document between Lender and Borrower establishing the terms of Lender’s sweep services (“Sweep Program”): (a) on a daily basis, O3721488.v4 Lender may apply the funds in such principal depository account to the payment of the Revolving Loans; and (b) Lender shall have the right to change the provisions and mechanics of the Sweep Program upon delivery of written notice of same to Borrower, and such change or changes shall be immediately effective without requiring an amendment to this Agreement.

Depository/Banking Services. So long as this Agreement is in effect, Bank will be the principal depository in which a majority of Borrower's funds are deposited, and the principal bank of account of Borrower, as long as this Agreement is in effect, and Borrower will maintain in its principal bank account at all times collected funds of at least .875% of the total amount of the Facility and shall grant Bank the first and last opportunity to provide any corporate banking services required by Borrower and its Affiliates, including, without limitation, payroll, cash management, treasury management, and employee benefit plan services.

Depository/Banking Services. So long as this Agreement is in effect, Agent will be the principal depository in which substantially all of Borrowers' funds are deposited, and the principal bank of account of each Borrower.

Depository/Banking Services. So long as this Agreement is in effect, Bank will be the principal depository in which substantially all of Borrower's funds are deposited, and the principal bank of account of Borrower. Borrower will also maintain a non-interest bearing account with Bank at all times during the term of this Agreement with a collected balance of at least $250,000 deposited therein. Borrower will grant Bank the first and last opportunity to provide any corporate banking services required by Borrower and its Affiliates, including, without limitation, payroll, cash management and employee benefit plan services.

Depository/Banking Services. Beneficiary shall be the principal depository in which substantially all of Guarantor's funds are deposited, and the principal bank of account of Guarantor, as long as any Obligations are outstanding, and Guarantor shall grant Beneficiary the first and last opportunity to provide any corporate banking services required by Guarantor and its Affiliates. CONT-GAUR (C) Fifth Third Bancorp 2001 33118-14-1-▇.▇▇▇▇

Depository/Banking Services. So long as this Agreement is in effect, Lender shall be the principal depository in which substantially all of Loan Parties’ funds are deposited, and the principal bank of account of Loan Parties subject to Section 2.4(g). Borrower shall not maintain more than (Euro) $50,000 on deposit account at deposit account number ▇▇▇▇▇▇▇ 001 00978 with ABN AMRO Bank Luxembourg. --