Operating Accounts. Maintain all primary accounts and banking relationship with the Bank. Maintain, or cause to be maintained, on deposit with Bank, non-interest bearing demand deposit balances sufficient to compensate Bank for all services provided by Bank. Balances shall be calculated after reduction for the reserve requirement of the Federal Reserve Board and uncollected funds. Any deficiencies shall be charged directly to the Borrower on a monthly basis.
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Samples: Credit Agreement (Motorvac Technologies Inc), Credit Agreement (Clearcommerce Corp), Credit Agreement (Omp Inc)
Operating Accounts. Maintain all primary accounts and banking lending relationship with the BankLender. Maintain, or cause to be maintained, on deposit with BankLender, non-interest bearing demand deposit balances sufficient to compensate Bank Lender for all services provided by BankLender. Balances shall be calculated after reduction for the reserve requirement of the Federal Reserve Board and uncollected funds. Any deficiencies shall be charged directly to the Borrower on a monthly basis.
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Samples: Credit Agreement (Emarketplace Inc)
Operating Accounts. Maintain all primary accounts a disbursement account and banking relationship with the Bank. Maintain, or cause to be maintained, on deposit with Bank, non-interest bearing demand deposit balances sufficient to compensate Bank for all services provided by Bank. Balances shall be calculated after reduction for the reserve requirement of the Federal Reserve Board and uncollected funds. Any deficiencies shall be charged directly to the Borrower on a monthly basis.
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