Principal Depository Clause Samples

Principal Depository. The Borrower further agrees that it shall conduct its principal (majority) banking business with the Lender, including, without limitation, retaining the Lender as its principal depository savings accounts, checking accounts, general demand depository accounts, and such other accounts as are utilized by the Borrower from time-to-time.

Principal Depository. Borrowers shall use Agent as their principal depository; Borrowers shall use the lockbox services of Agent.

Principal Depository. Borrower shall maintain its principal depository and operating accounts with Lakeside Bank, an Illinois banking corporation.

Principal Depository. Borrower agrees to maintain Lender as its principal depository bank, including for the maintenance of business, cash management, upgrading and administrative deposit accounts, or to provide Lender with documentation evidencing Lender's security interest in any deposit account which is maintained at another financial institution, waiving said institution's right of offset against said funds.

Principal Depository. Borrower shall maintain an operating account with Bank.

Principal Depository. To maintain Bank of America as each Loan Party’s principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts.

Principal Depository. Borrower shall maintain its principal depository and operating accounts with SVB.

Principal Depository. Use the Bank as its principal depository.

Principal Depository. The Borrower shall maintain the Administrative Agent or Amegy Bank National Association as its principal depository bank, including for the maintenance of business, cash management, operating and administrative deposit accounts; provided, however all such accounts shall be maintained only with the Administrative Agent on and after the date that Amegy Bank National Association is no longer a Lender under this Agreement." I. Section 9.01(a) of the Credit Agreement is amended by deleting the words "2.5 to 1.0" and replacing them with "2.75 to 1.00". J. Section 9.01(b) of the Credit Agreement is amended by deleting the words "3.5 to 1.0" and replacing them with "3.75 to 1.00". K. Section 9.01(c) of the Credit Agreement is amended to read in its entirety as follows