Primary Accounts. Borrower will maintain its primary depository and operating accounts with Bank. In addition, Borrower shall maintain at least 51% of its cash and cash equivalents in demand deposit accounts, money market savings accounts and/or investment accounts at Bank.
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Sources: Loan and Security Agreement (Plumtree Software Inc)
Primary Accounts. Borrower will maintain its primary depository and operating accounts with Bank or Bank. In addition’s Affiliate, Borrower which shall maintain at least 51% include not less than ninety five percent (95%) of its cash and Borrower’s cash, cash equivalents in demand deposit accountsand other investments satisfactory to Bank, money market savings accounts and/or investment accounts at Bankother than cash currently securing letters of credit issued by any institution which are for the purpose of securing one or more leases of Borrower.
Appears in 1 contract
Sources: Loan and Security Agreement (Paradigm Genetics Inc)
Primary Accounts. Borrower will maintain its primary depository and operating accounts with Bank. In addition, Borrower which shall maintain at least 51constitute not less than 85% of its cash and Borrower's total cash, cash equivalents in demand deposit and investment accounts. Borrower will deliver account control agreements on Bank's standard form from each financial institution at which Borrower maintains an account, money market savings accounts and/or investment accounts including for account maintained at Bank.
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Primary Accounts. Borrower will maintain its primary depository and operating accounts and a majority of its investment accounts with Bank. In addition, Borrower shall maintain at least 51% of its cash and cash equivalents in demand deposit accounts, money market savings accounts and/or investment accounts at Bank.
Appears in 1 contract
Primary Accounts. Each Borrower will maintain its primary depository and operating accounts account with Bank and will maintain a portion of its excess cash with Bank. In addition, Borrower shall maintain at least 51% of its cash and cash equivalents in demand deposit accounts, money market savings accounts and/or investment accounts at Bank.
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Primary Accounts. Each Borrower will maintain its primary depository and operating accounts account with Bank and will maintain at all times not less than seventy-five percent (75%) of its investable assets with Bank. In addition, Borrower shall maintain at least 51% of its cash and cash equivalents in demand deposit accounts, money market savings accounts and/or investment accounts at Bank.
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Primary Accounts. Each Borrower will maintain its primary depository and operating accounts with Bank. In addition, Borrower shall Bank and will maintain at least 51% all times not less than fifty percent (50%) of its cash and cash equivalents in demand deposit accounts, money market savings accounts and/or investment accounts at investable assets with Bank.
Appears in 1 contract
Primary Accounts. Borrower will maintain its primary depository and operating accounts with Bank. In additionWithout limiting the generality of the foregoing, Borrower shall shall, at all times, maintain at least 51(i) not less than 85% of its total cash and cash equivalents in demand investments on deposit accountswith Bank and its affiliates, money market savings accounts and/or investment accounts at and (ii) not less than the lesser of $1,750,000 or 85% of Borrower’s total cash, on deposit with Bank.
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Sources: Loan and Security Agreement (Egain Communications Corp)
Primary Accounts. Borrower will shall maintain its primary depository and operating accounts with Bank. In addition, Borrower Bank and a majority of the Borrower's cash or investments in excess of that amount used for Borrower's operations shall maintain at least 51% of its cash and cash equivalents in demand deposit accounts, money market savings accounts and/or investment accounts at be maintained or administered through the Bank.
Appears in 1 contract
Sources: Loan and Security Agreement (Art Technology Group Inc)