Common use of Maintenance of Bank Accounts Clause in Contracts

Maintenance of Bank Accounts. At Bank's option, maintain all of its depository accounts with Bank, including without limitation, all demand deposit, lock box, time deposit, concentration and zero balance accounts.

Appears in 2 contracts

Samples: Asset Based (Cable Link Inc), Loan and Security Agreement (Moto Photo Inc)

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Maintenance of Bank Accounts. At Bank's option, Borrowers shall maintain all of its respective depository accounts with Bank, including without limitation, all demand deposit, lock box, time deposit, concentration and zero balance accounts, but excluding such other accounts at such other banks as Bank may permit in its sole discretion.

Appears in 1 contract

Samples: Workout Agreement (Quality Products Inc)

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Maintenance of Bank Accounts. At Bank's option, maintain all of ---------------------------- its depository accounts with Bank, including without limitation, all demand deposit, lock box, time deposit, concentration and zero balance accounts, other than a local account(s) maintained for payroll purposes. Borrower shall maintain a minimum collected balance of $100,000 in demand deposits.

Appears in 1 contract

Samples: Asset Based Loan and Security Agreement (Techdyne Inc)

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