Common use of Maintain Bank Accounts Clause in Contracts

Maintain Bank Accounts. Maintain all of Borrower’s and its Domestic Subsidiaries’ principal bank accounts with Bank and notify Bank immediately in writing of the establishment or existence of any other bank account, deposit account or other account into which money may be deposited (other than with Bank); provided, however, providing any such notice to Bank shall not waive the occurrence or existence of any Default or Event of Default arising or existing as a result of the establishment or existence of any account(s) in violation of this Section.

Appears in 2 contracts

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

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Maintain Bank Accounts. Maintain all of Borrower’s and its Domestic Subsidiaries’ principal bank accounts (other than securities accounts holding investments of Borrower) with Bank and notify Bank immediately in writing of the establishment or existence of any other bank account, deposit account or other account into which money may be deposited (other than with Bank); provided, however, providing any such notice to Bank shall not waive the occurrence or existence of any Default or Event of Default arising or existing as a result of the establishment or existence of any account(s) in violation of this Section.

Appears in 1 contract

Samples: Credit Agreement (Sensus Healthcare, Inc.)

Maintain Bank Accounts. Maintain all of Borrower’s 's and its Domestic Subsidiaries' principal bank accounts with Bank and notify Bank immediately in writing of the establishment or existence of any other bank account, deposit account or other account into which money may be deposited (other than with Bank); provided, however, providing any such notice to Bank shall not waive the occurrence or existence of any Default or Event of Default arising or existing as a result of the establishment or existence of any account(s) in violation of this Section.

Appears in 1 contract

Samples: Credit Agreement (Ashford Inc.)

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Maintain Bank Accounts. Maintain all of Borrower’s and its Domestic Subsidiaries’ principal bank accounts with Bank and notify Bank immediately in writing of the establishment or existence of any other bank account, deposit account or other account into which money may be deposited (other than with Bank); provided, however, providing any such notice to Bank shall not waive the occurrence or existence of any Default or Event of Default arising or existing as a result of the establishment or existence of any account(s) in violation of this Section.

Appears in 1 contract

Samples: Credit Agreement (Owens Realty Mortgage, Inc.)

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