Common use of Banking Relationship Clause in Contracts

Banking Relationship. Borrower shall at all times maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 70% of its total cash and investments on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within 10 days after the date of this Loan Agreement, to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Sources: Loan Agreement (Sigma Designs Inc)

Banking Relationship. Borrower shall at all times maintain its primary domestic banking relationship with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 70% of its total cash and investments on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, if an Event of Default has occurred and is continuing, at Silicon's request, Borrower shall cause such institution, within 10 days after the date of this Loan Agreement, institution to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's first-priority security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Sento Corp)

Banking Relationship. Borrower shall at all times maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 7080% of its total cash and investments on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within 10 days after the date of this Loan Agreement, to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Digirad Corp)

Banking Relationship. Borrower shall at all times maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 7080% of its total cash (including without limitation Borrower's deposit accounts and investments operating accounts) on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, Borrower shall cause such institution, within 10 days after the date of this Loan Agreement, to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Sources: Loan Amendment (Novatel Wireless Inc)

Banking Relationship. Borrower shall at all times maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 7085% of its total cash and investments on deposit with Silicon. As Further, as to any Deposit Accounts and investment accounts maintained with another institution, there shall be no requirement for Borrower shall to cause such institution, within 10 days after the date of this Loan Agreement, to enter into a control agreement in form acceptable to Silicon unless Silicon specifically makes an additional request in its good faith business judgment in order writing for Borrower to perfect Silicon's security interest in said Deposit Accounts and investment accountsdo so.

Appears in 1 contract

Sources: Loan and Security Agreement (Divx Inc)

Banking Relationship. Borrower shall at all times maintain its primary domestic banking relationship with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 70% of its total cash and investments on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, if an Event of Default has occurred and is continuing, at Silicon’s request, Borrower shall cause such institution, within 10 days after the date of this Loan Agreement, institution to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's ’s first-priority security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Sources: Loan Agreement (Sento Corp)

Banking Relationship. Borrower shall at all times maintain its primary banking relationship with Silicon. Without limiting the generality of the foregoing, Borrower shall, at all times, maintain not less than 70% of its total cash and investments on deposit with Silicon. As to any Deposit Accounts and investment accounts maintained with another institution, if an Event of Default has occurred and is continuing, at Silicon's request, Borrower shall cause such institution, within 10 days after the date of this Loan Agreement, institution to enter into a control agreement in form acceptable to Silicon in its good faith business judgment in order to perfect Silicon's first-priority security interest in said Deposit Accounts and investment accounts.

Appears in 1 contract

Sources: Loan and Security Agreement (Sento Corp)