Common use of Depository Banks Clause in Contracts

Depository Banks. Each of the Loan Parties will maintain the Administrative Agent, Bank of America, N.A., The Bank of Nova Scotia (for any Canadian Loan Party) or such other financial institution reasonably acceptable to the Administrative Agent (at the U.S. Borrower’s discretion) 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.

Depository Banks. Each of the Loan Parties Party will maintain the Administrative Agent, Bank Agent in the United States of America, N.A., The Bank of Nova Scotia (for any America and the Canadian Loan Party) or such other financial institution reasonably acceptable to the Administrative Agent (at the U.S. Borrower’s discretion) in Canada as its their principal depository bankbanks, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its businesstheir businesses.