Primary Depository. Subject to the provisions of Section 3.1(1) and 3.2(b), within 60 days of the Closing Date, Borrower and Parent shall maintain at least 80% of their depository, transaction, and investment accounts with Bank or Bank’s affiliates.
Appears in 2 contracts
Sources: Loan and Security Agreement (Oxford Immunotec Global PLC), Loan and Security Agreement (Oxford Immunotec Global PLC)
Primary Depository. Subject to the provisions of Section 3.1(13.1(k) and 3.2(b), Borrower within 60 30 days of the Closing Date, Borrower and Parent Date shall maintain at least 80% of their depository, transaction, all its depository and operating accounts with Bank and its primary investment accounts with Bank or Bank’s affiliates.
Appears in 2 contracts
Sources: Loan and Security Agreement (Auspex Pharmaceuticals, Inc.), Loan and Security Agreement (Auspex Pharmaceuticals, Inc.)
Primary Depository. Subject to the provisions of Section 3.1(13.1(d) and 3.2(b), within 60 45 days of after the Closing Date, Borrower shall maintain, and Parent shall maintain at least 80% cause all of their its Subsidiaries to maintain, all depository, transactionoperating, and investment accounts with Bank Bank. Notwithstanding the foregoing, Borrower’s Subsidiaries domiciled outside the United States may maintain up to an aggregate of $500,000 (or its USD equivalent) in accounts outside Bank’s affiliates.
Appears in 1 contract
Sources: Loan and Security Agreement (Ekso Bionics Holdings, Inc.)
Primary Depository. Subject to the provisions of Section 3.1(13.1(l) and 3.2(b), Borrower within 60 30 days of the Closing Date, Borrower and Parent Date shall maintain at least 80% of their depository, transaction, all its depository and operating accounts with Bank and its primary investment accounts with Bank or Bank’s affiliates.
Appears in 1 contract
Sources: Loan and Security Agreement (Aldexa Therapeutics, Inc.)
Primary Depository. Subject to the provisions of Section 3.1(13.1(k) and 3.2(b3.2(d), Borrower within 60 30 days of the Closing Date, Borrower and Parent Date shall maintain at least 80% of their depository, transaction, all its depository and operating accounts with Bank and its primary investment accounts with Bank or Bank’s affiliates. Notwithstanding the foregoing, Borrower shall be permitted to maintain deposit accounts outside Bank with aggregate balances not to exceed $50,000 at any time.
Appears in 1 contract
Sources: Loan Agreement (Acorn Energy, Inc.)
Primary Depository. Subject to the provisions of Section 3.1(1) and 3.2(b), within 60 Within 30 days of the Closing Date, Borrower and Parent shall maintain at least 80% of their depository, transaction, all its depository and operating accounts with Bank and its primary investment accounts with Bank or Bank’s affiliatesAffiliates, provided however, that Borrower may maintain a deposit account with the issuing bank securing Borrower’s reimbursement obligations in respect of the letter of credit listed on the Schedule, the balance in such account not to exceed 105% of the face amount of such letter of credit.
Appears in 1 contract