Common use of Depository Banks Clause in Contracts

Depository Banks. Commencing within sixty (60) days after the Effective Date (unless such date is extended in the sole discretion of the Administrative Agent), Holdings and each Subsidiary will maintain the Administrative Agent as its sole depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business, subject to the definition of Excluded Accounts. Additionally, the Administrative Agent shall be the principal provider of other Banking Services to Holdings and its Subsidiaries.

Depository Banks. Commencing within sixty Not later than one hundred eighty (60180) days after the Effective Date (unless or such later date is extended in the sole discretion of as agreed by the Administrative AgentAgent in its sole discretion), Holdings the Borrower and each Subsidiary will maintain the Administrative Agent as its sole (a) principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business, subject to the definition of Excluded Accounts. Additionally, the Administrative Agent shall be the business and (b) principal provider of other Banking Services to Holdings and its Subsidiariesbank products.

Depository Banks. Commencing within sixty Within ninety (6090) days after the Effective Date (unless or such date is extended in the sole discretion of longer period as the Administrative AgentAgent may agree to in its sole discretion), Holdings each Borrower and each Subsidiary will maintain the Administrative Agent as its sole principal depository bank, including for the maintenance of operating, administrative, cash managementmanagement (including, without limitation, changes to Loan Parties’ cash management systems in accordance with standard asset-based lending account practices in a manner reasonably acceptable to Agent), collection activity, activity and other deposit accounts for the conduct of its business, subject to the definition of Excluded Accounts. Additionally, the Administrative Agent shall be the principal provider of other Banking Services to Holdings and its Subsidiaries.

Depository Banks. Commencing within sixty (60) Within 60 days after of the Effective Date (unless Date, or such later date is extended in the sole discretion of as may be agreed to by the Administrative Agent), Holdings and except as otherwise agreed in writing with respect to certain accounts that are not material in the aggregate, each Borrower and each Subsidiary will maintain the Administrative Agent as its sole 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, subject to the definition of Excluded Accounts. Additionally, the Administrative Agent shall be the principal provider of other Banking Services to Holdings and its Subsidiaries.

Depository Banks. Commencing within sixty Within one hundred twenty (60120) days after following the Effective Date (unless or such later date is extended in the sole discretion of as the Administrative AgentAgent agrees to in its reasonable discretion), Holdings each Borrower and each Subsidiary will maintain the Administrative Agent as its sole 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, subject to the definition of Excluded Accounts. Additionallyhowever, that the Administrative Agent shall and the Lenders acknowledge and agree that the Borrowers and their Subsidiaries will not be required to maintain with the principal provider of Administrative Agent any Excluded Accounts or any accounts governing controlled disbursement services provided by any financial institution other Banking Services to Holdings and its Subsidiariesthan the Administrative Agent.

Depository Banks. Commencing within sixty (60) days after the Effective Date (unless or such date is extended in the sole discretion of longer period as agreed to by the Administrative AgentAgent in its sole discretion), Holdings each Borrower and each Subsidiary will maintain the Administrative Agent as its sole 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, subject . Such accounts may not be used to the definition of Excluded Accountsreceive or transact with any funds related to marijuana businesses. Additionally, the Administrative Agent shall be the principal provider of other Banking Services to Holdings the Borrowers and its their Subsidiaries.