Common use of Depository Banks Clause in Contracts

Depository Banks. The Borrowers and their Subsidiaries will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

Appears in 4 contracts

Samples: Credit Agreement (G Iii Apparel Group LTD /De/), Credit Agreement (G Iii Apparel Group LTD /De/), Credit Agreement (Aventine Renewable Energy Holdings Inc)

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Depository Banks. The Borrowers Loan Parties will maintain one or more of the Administrative Agent, the Lenders and their Subsidiaries will maintain the Administrative Agent Affiliates as its principal depository bankbanks, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

Appears in 4 contracts

Samples: Credit Agreement (Lifetime Brands, Inc), Credit Agreement (Lifetime Brands, Inc), Credit Agreement (Lifetime Brands, Inc)

Depository Banks. The Borrowers Each Loan Party and their Subsidiaries each Subsidiary will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

Appears in 4 contracts

Samples: Credit Agreement (Meet Group, Inc.), Credit Agreement (MeetMe, Inc.), Credit Agreement (Escalade Inc)

Depository Banks. The Borrowers Borrower and their Subsidiaries each Subsidiary will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

Appears in 3 contracts

Samples: Credit Agreement (Orchids Paper Products CO /DE), Credit Agreement (Superior Offshore International Inc.), Credit Agreement (Coolbrands International Inc)

Depository Banks. The Borrowers Loan Parties and their Subsidiaries will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

Appears in 3 contracts

Samples: Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc), Credit Agreement (Escalade Inc)

Depository Banks. The Borrowers Borrower and their Subsidiaries each Subsidiary will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, activity and other deposit accounts for the conduct of its business.

Appears in 3 contracts

Samples: Credit Agreement (TimkenSteel Corp), Credit Agreement (TimkenSteel Corp), Credit Agreement (TimkenSteel Corp)

Depository Banks. The Borrowers and their Subsidiaries will Each Loan Party shall maintain the Administrative Agent (or one of its Affiliates) as its principal primary depository bank, including for the maintenance of its principal operating, administrative, cash management, lockbox arrangements, collection activity, and other deposit accounts for the conduct of its business. Except for Excluded Accounts, all deposit accounts of a Loan Party shall be maintained with the Administrative Agent or other financial institutions to the extent such deposit accounts are subject to control agreements in favor of Administrative Agent on terms reasonably satisfactory to Administrative Agent.

Appears in 3 contracts

Samples: Credit Agreement (Envestnet, Inc.), Credit Agreement (Envestnet, Inc.), Credit Agreement (Envestnet, Inc.)

Depository Banks. The Borrowers and their Subsidiaries will Each Loan Party shall maintain the Administrative Agent or a Lender as its such Loan Party’s principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

Appears in 2 contracts

Samples: Credit Agreement (Asset Acceptance Capital Corp), Credit Agreement (Asset Acceptance Capital Corp)

Depository Banks. The Borrowers and their Subsidiaries Subject to Section 5.15, each Loan Party will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.

Appears in 2 contracts

Samples: Credit Agreement (Usa Technologies Inc), Credit Agreement (Usa Technologies Inc)

Depository Banks. The Borrowers and their Subsidiaries Loan Parties will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business. All deposit accounts, other than any Excluded Accounts, shall be subject to a perfected security interest in favor of the Administrative Agent pursuant to an account control agreement in form and substance reasonably satisfactory to the Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

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Depository Banks. The Borrowers Each Loan Party and their Subsidiaries each Subsidiary will maintain either the Administrative Agent or any Lender as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business; provided, that for each account maintained with an institution that is not the Administrative Agent, a control agreement shall be executed by such Loan Party or Subsidiary in favor of the Administrative Agent for the benefit of the Secured Parties.

Appears in 1 contract

Samples: Credit Agreement (Gulf Island Fabrication Inc)

Depository Banks. The Borrowers and their Subsidiaries will Each Loan Party shall maintain the Administrative Agent (or one of its Affiliates) as its principal primary depository bank, including for the maintenance of its principal operating, administrative, cash management, lockbox arrangements, collection activity, and other deposit accounts for the conduct of its business.

Appears in 1 contract

Samples: Credit Agreement (Cal-Maine Foods Inc)

Depository Banks. The Borrowers and their Subsidiaries Each Loan Party will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business, other than (a) any bank accounts maintained at a depositary institution other than a Lender that are subject to a sweep into the Collection Account (as defined in the Security Agreement) for any amounts in excess of the amount specified in Section 4.14 of the Security Agreement and (b) the Excluded Deposit Accounts (as defined in the Security Agreement).

Appears in 1 contract

Samples: Credit Agreement (Francesca's Holdings CORP)

Depository Banks. The Borrowers Each Borrower and their Subsidiaries each other Loan Party will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, activity and other deposit accounts for the conduct of its business; provided that the Loan Parties shall not be required to satisfy the foregoing requirements with respect to any Deposit Account that is an Excluded Account (as defined in the Security Agreement).

Appears in 1 contract

Samples: Credit Agreement (Clarus Corp)

Depository Banks. The Borrowers and their Subsidiaries will Each Loan Party shall maintain the Administrative Agent (or one of its Affiliates) as its principal primary depository bank, including for the maintenance of its principal operating, administrative, cash management, lockbox arrangements, collection activity, and other deposit accounts for the conduct of its business. Except for Excluded Accounts, all deposit accounts of a Loan Party shall be maintained with the Administrative Agent or other financial institutions to the extent that such deposit accounts not maintained with the Administrative Agent are subject to control agreements in favor of Administrative Agent on terms reasonably satisfactory to Administrative Agent.

Appears in 1 contract

Samples: Credit Agreement (Envestnet, Inc.)

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