Depository Relationship Sample Clauses

Depository Relationship. To induce the Lender to establish the interest rates provided for in the Notes, the Borrower will use the Lender as its principal depository bank and the Borrower covenants and agrees to maintain the Lender as its principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts.

Depository Relationship. Borrower shall, and shall cause each of its Subsidiaries to, use BMO ▇▇▇▇▇▇ Bank or Bank of Montreal as its principal depository bank and Borrower shall, and shall cause each of its Subsidiaries to, maintain BMO ▇▇▇▇▇▇ Bank or Bank of Montreal as its principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts; provided that, notwithstanding the foregoing, Borrower and its Subsidiaries shall be permitted to maintain deposit accounts with banks other than BMO ▇▇▇▇▇▇ Bank or Bank of Montreal (each such account, a “Permitted Account”) in each city or town in which (a) Borrower or one or more of its Subsidiaries regularly pay the wages of employees residing in such city or town, (b) the applicable Laws of such state require that checks issued by employers in payment of employee wages in such state be payable in cash without discount at an established place of business in such state, and (c) neither BMO ▇▇▇▇▇▇ Bank nor Bank of Montreal nor any Affiliate thereof maintains retail banking branches in such city or town; provided, further, that within thirty (30) days after the Closing Date (or ten (10) Business Days after the opening of any Permitted Account after the Closing Date), Borrower shall, and shall cause any applicable Subsidiary to, deliver to Administrative Agent an account control agreement with respect to each Permitted Account in form and substance satisfactory to Administrative Agent in its reasonable discretion.

Depository Relationship. Broker/Dealer shall cause the primary banking depository relationship of Broker/Dealer to continue to be maintained with the Lender within ninety (90) days of the Closing Date. For the avoidance of doubt, this provision is not intended to, and shall not, require the Broker/Dealer to retain proceeds of the Loans for any period of time in its depository accounts. No Obligor shall maintain any other deposit, investment, securities, custodial or other account of any kind whatsoever with any bank, brokerage house or financial institution other than Lender, except for (i) those existing accounts set forth on those listed on Schedule 7(j) (for a period of ninety (90) days after Closing Date), (ii) Obligors’ clearing brokerage accounts entered into in the Ordinary Course of Business, and (iii) and custody and prime brokerage accounts with lenders providing Indebtedness of the type permitted by Section 7(n).

Depository Relationship. Maintain its primary banking depository relationship with the Bank and establish such accounts and maintain balances therein with the Bank sufficient to cover the cost of all the Bank's services provided; provided, however, that nothing herein shall require the Borrower to keep and maintain a specific minimum balance in such accounts.

Depository Relationship. Within 30 days following the Closing Date (the "Interim Treasury Period"), establish and, at all times thereafter, maintain all of its cash management, collection, and operating accounts with Lender (other than (i) petty cash accounts with a balance of not more than $1▇,▇▇▇ in the aggregate at any time, (ii) the BoK Collateral Account, so long as the balance therein at any time does not exceed two months of regularly scheduled principal and interest payments under the BoK Facility, and so long as WESSCO distributes to Parent all amounts permitted to be distributed to Parent pursuant to the terms of the BoK Facility and the BoK Subordination Agreement from time to time (and with such frequency as Lender may request from time to time), (iii) local operating accounts with Branch Banking and Trust Company with a balance of not more than $250,000 (or such lesser amount as Lender may, in its discretion, set from time to time upon notice to Parent) in the aggregate at any time to be used for payments to vendors, provided that the only source of funds for such accounts shall be the Loan Parties' accounts with Lender, and (iv) cash controlled by one or more Loan Parties for the use by the Loan Parties of paying vendors in the ordinary course of business, in an aggregate amount not to exceed $750,000 (or such lesser amount as Lender may, in its discretion, set from time to time upon notice to Parent) at any time, so long as such cash is securely stored in a manner consistent with the Loan Parties' historical practices). During the Interim Treasury Period and until such time as such accounts have been established at Lender, Loan Parties will maintain cash management services reasonably acceptable to Lender at another bank (a "Controlled Account Bank"). Loan Parties will ensure that each Loan Party and all Account Debtors will deposit all collections of Accounts and all other items of payment directly to a bank account of Loan Parties at such Controlled Account Bank (a "Controlled Account"). During the Interim Treasury Period, each Loan Party will maintain a deposit account control agreement acceptable to Lender (a "Control Agreement") with each Controlled Account Bank with respect to each Controlled Account at such Controlled Account Bank, other than the BoK Collateral Account and local operating accounts with Branch Banking and Trust Company referred to above (which, in each case, shall be subject to the balance restrictions set forth above). Such Control Agreement ...

Depository Relationship. Borrowers shall maintain their primary depository and cash management relationship with Lender at all times during the term of the Revolving Loan.

Depository Relationship. From and after the date hereof, Borrower shall establish and maintain deposits consisting of cash and operating accounts with Lender in the amount of not less than $2,000,000.00, and Borrower shall cause ▇▇▇▇▇▇▇▇ Street Partners LP, to maintain additional deposits consisting of cash and operating accounts with Lender in the amount of not less than $1,000,000.00.

Depository Relationship. Borrower shall maintain deposit accounts at Texas Capital Bank.

Depository Relationship. Borrower shall, and shall cause each of its Subsidiaries to, use LegacyTexas Bank as its principal depository bank, and Borrower shall, and shall cause each of its Subsidiaries to, maintain LegacyTexas Bank as its principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts.