Common use of Banking Accounts Clause in Contracts

Banking Accounts. The Borrower shall maintain all of its primary deposit accounts with UMB or any of its affiliates. UMB or its affiliates, as the case may be, will in accordance with its or their Account Analysis procedures give credit to the Borrower and its Subsidiaries for their account balances, to the extent thereof, against charges for banking services provided to the Borrower and its Subsidiaries; provided, however, to the extent such account balances are insufficient to generate sufficient credits during any calendar quarter to offset all charges for banking services provided during such quarter the Borrower agrees to pay to UMB or its affiliates, as the case may be, upon notice thereof the difference between the total charges for banking services during such quarter and the amount of account balance credits applied thereto.