Common use of Deposit Provision Clause in Contracts

Deposit Provision. At all times, Borrower and Guarantors combined must maintain a minimum deposit balance of not less than $500,000.00 with ▇▇▇▇▇▇ ▇▇▇▇▇ Bank. If said deposit relationship is out of compliance, the interest rate margin or the minimum interest rate will increase by 1.00% whichever is greater.

Appears in 1 contract

Sources: Business Loan Agreement (NV5 Holdings, Inc.)

Deposit Provision. At all times, Borrower and Guarantors combined must maintain a minimum deposit balance of not less than $500,000.00 with ▇▇▇▇▇▇ ▇▇▇▇▇ BankBank of not less than $500,000.00. If said deposit relationship is out of compliance, then the interest rate margin or the minimum interest rate will increase by 1.00% %, whichever is greater.

Appears in 1 contract

Sources: Business Loan Agreement (NV5 Holdings, Inc.)