Primary Banking Relationship Clause Samples

Primary Banking Relationship. Borrower agrees to establish its primary banking relationship with Lender and move to and maintain with Lender all accounts as may be necessary as part thereof.

Primary Banking Relationship. Throughout the term of the Loan Borrower shall maintain all operating and reserve accounts with Lender.

Primary Banking Relationship. The Company shall maintain its primary deposit accounts with the Agent, and shall maintain its primary concentration accounts with one or more of the Lenders.

Primary Banking Relationship. Throughout the term of this Agreement, the Borrower shall maintain its primary banking relationship and substantially all of its demand deposit accounts with the Agent, so long as the Agent's prices and other charges with respect thereto are reasonably competitive with the prices and charges for such services of comparable banks.

Primary Banking Relationship. Borrower shall maintain its primary banking relationship and depository accounts with Lender.

Primary Banking Relationship. To induce ▇▇▇▇▇▇ to establish the interest rates provided for in the Note and in order to enable Lender to more fully monitor Borrower’s financial condition, Borrower will use Lender as its depository bank for the maintenance of business, operating and administrative accounts relating to the Property.

Primary Banking Relationship. Borrower will maintain all operating accounts with Bank. To the extent Borrower has operating accounts with another financial institution, upon execution of this Loan Agreement, Borrower will cause such accounts to be closed and shall move the funds from such accounts to operating accounts established with Bank.

Primary Banking Relationship. Without limiting the provisions of Section 5.14 or Borrower’s obligations thereunder, Borrowers shall at all times maintain (i) at least seventy-five percent (75%) of their aggregate unrestricted cash and cash equivalents in Deposit Accounts or Securities Accounts at Silicon Valley Bank or its Affiliates and (ii) all of its primary banking services, including business credit cards, cash management and letters of credit, with Silicon Valley Bank, in each case, so long as Silicon Valley Bank remains a Lender under this Agreement.

Primary Banking Relationship. Within one ---------------------------- hundred twenty (120) days after the Closing Date, the Company shall maintain its primary concentration and deposit accounts with the Bank, provided, that, the Company shall use its best effort to effect same prior to such date.