Primary Deposit Relationship Sample Clauses
The Primary Deposit Relationship clause establishes which party or account will serve as the main depository for funds under the agreement. Typically, this clause specifies the designated bank account where all deposits, payments, or transfers related to the contract must be made, and may outline the responsibilities of the account holder regarding the management and reporting of these funds. By clearly identifying the primary deposit account, this clause ensures transparency and reduces the risk of disputes over where funds should be sent or held, thereby streamlining financial transactions between the parties.
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Primary Deposit Relationship. Each Borrower shall, and shall cause each of its Subsidiaries to, maintain its primary deposit relationship with Lender. Notwithstanding the foregoing, neither Thor▇▇▇▇'▇, ▇▇ Capital nor HD Development shall be required to maintain its primary deposit relationship with Lender.
Primary Deposit Relationship. Maintain the Borrower's primary deposit relationship with the Lender and its affiliates.
Primary Deposit Relationship. SouthPeak shall at all times maintain its primary deposit relationship and treasury management services with the Lender.
Primary Deposit Relationship. Fail to establish and maintain its primary depository relationship for its operating accounts with Lender.
Primary Deposit Relationship. Within 120 days after the Closing Date (or such later date as the Administrative Agent may agree), maintain primary depositary, operating and cash management accounts and collection/lockbox services (but excluding the Excluded Accounts) with the Administrative Agent or any other financial institution reasonably approved by the Administrative Agent in a manner reasonably satisfactory to the Administrative Agent.
Primary Deposit Relationship. At all times during the term of the Loan, Borrower shall maintain a deposit relationship with Lender.
Primary Deposit Relationship. Fail to establish and maintain its primary deposit and disbursement relationship with Lender. Use of Loan Proceeds. Use, or permit any proceeds of the Indebtedness to be used, directly or indirectly, for: (1) any personal, family or household purpose; or (2) the purpose of "purchasing or carrying any margin stock" within the meaning of Federal Reserve Board Regulation U. At the Lender's request, the Borrower will furnish a completed Federal Reserve Board Form U-1.
Primary Deposit Relationship. Bank shall be the primary depository and treasury management service provider of Borrower and its Subsidiaries.
Primary Deposit Relationship. Fail to establish and maintain its primary depository relationship for its operating accounts with Lender. Affiliate Transactions. Enter into any transaction, including without limitation, the purchase, sale or exchange or property or rendering of services with any Affiliate, except in the ordinary course of and pursuant to the reasonable requirements of Borrower’s business and upon fair and reasonable terms no less favorable than would be obtained in a comparable arms length transaction with a person or entity not an Affiliate of Borrower. As used herein the term “Affiliate” means any individual or entity directly or indirectly under common ownership or control with Borrower.