Bank as Depository Sample Clauses

Bank as Depository. The Escrow Agent acts hereunder as depository only, and is not responsible or liable in any manner for the sufficiency, correctness, genuineness or validity of this Escrow Agreement, any instrument deposited with it hereunder, or with respect to the form or execution of the same, or the identity, authority, or right of any person executing or depositing the same.
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Bank as Depository. To maintain with the Bank its primary depository accounts and relationships, including operating, cash management and collection/lockbox account services.
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Bank as Depository. Each of the Credit Parties shall maintain Bank of America as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.
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Bank as Depository. Each Obligated Party shall maintain the Bank as its principal depository, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.
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Bank as Depository. Each Borrower shall maintain the ------------------ Bank as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.
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Bank as Depository. Each Borrower shall maintain its master collection and operating accounts with a Bank, and shall utilize a Bank as its principal depository bank, including for the maintenance of administrative, cash management, collection activity, and other deposit accounts for the conduct of its business and the business of the other Loan Parties (it being understood and agreed, however, that (i) each of the bank accounts included on Schedule 8.27 and the uses of such accounts shall be permitted hereunder and (ii) the Borrowers may maintain other bank accounts not with a Bank with aggregate balances of not more than $250,000 outstanding at any time).
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Bank as Depository. Each Borrower shall maintain its master collection and operating accounts with the Bank, and shall utilize the Bank as its principal depository bank, including for the maintenance of administrative, cash management, collection activity, and other deposit accounts for the conduct of its business.
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Bank as Depository. Each Loan Party (other than the BabyUniverse Loan Parties) shall maintain its master Payment Account and its other primary Deposit Accounts with UMB Bank, N.A., and shall utilize UMB Bank, N.A. as its principal depository bank, including for the maintenance of administrative, cash management, collection activity, and other Deposit Accounts for the conduct of its business. Each of the BabyUniverse Loan Parties shall maintain its master Payment Account and its other primary Deposit Accounts with Wachovia Bank, National Association or UMB Bank, N.A., and shall utilize Wachovia Bank, National Association or UMB Bank, N.A. as its principal depository banks, including for the maintenance of administrative, cash management, collection activity, and other Deposit Accounts for the conduct of its business. Notwithstanding the foregoing, the Loan Parties may maintain Deposit Accounts (other than Payment Accounts) with banking institutions other than UMB Bank, N.A. and Wachovia Bank, National Association, in each case, subject to the terms and conditions of Section 5.13.
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Related to Bank as Depository

  • Securities Depository The Fund agrees to maintain settlement of the VMTP Shares in global book entry form through the Securities Depository or such other clearance system acceptable to Xxxxx Fargo.

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

  • Securities Depositories (a) Bank hereby represents to Customer that each securities depository listed on Schedule B is an Eligible Securities Depository. If Schedule B is amended, this representation shall be effective as to the amended Schedule on the date of such amendment. Bank shall promptly advise Customer if any securities depository listed on Schedule B ceases to be an Eligible Securities Depository.

  • Depository Depository shall mean The Depository Trust Company ("DTC"), a clearing agency registered with the Securities and Exchange Commission under Section 17A of the Securities Exchange Act of 1934 ("Exchange Act"), its successor or successors and its nominee or nominees. The term "Depository" shall further mean and include any other person authorized to act as a depository under the 1940 Act, its successor or successors and its nominee or nominees, specifically identified in a certified copy of a resolution of the Board.

  • Qualified Depository Any of (i) a federal or state-chartered depository institution the accounts of which are insured by the FDIC and whose commercial paper, short-term debt obligations or other short-term deposits are rated at least “A-1+” by Standard & Poor’s if the deposits are to be held in the account for less than 30 days, or whose long-term unsecured debt obligations are rated at least “AA-” by Standard & Poor’s if the deposits are to be held in the account for more than 30 days, or (ii) the corporate trust department of a federal or state-chartered depository institution subject to regulations regarding fiduciary funds on deposit similar to Title 12 of the Code of Federal Regulations Section 9.10(b), which, in either case, has corporate trust powers, acting in its fiduciary capacity, or (iii) Xxxxxx Brothers Bank, F.S.B., a federal savings bank.

  • Subcustodians and Securities Depositories Add the following language to the end of Section 3: The terms Subcustodian and securities depositories as used in this Agreement shall mean a branch of a qualified U.S. bank, an eligible foreign custodian or an eligible foreign securities depository, which are further defined as follows:

  • Primary Depository Borrower shall maintain all its depository and operating accounts with Bank and its investment accounts with Bank or Bank’s Affiliates.

  • Custodian and Depository The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to act as depository for and to maintain custody of the property of the Trust or any Series or Class and accounting records in connection therewith.

  • Use of a Depository Provided (i) the Bank has received a certified copy of a resolution of the Board specifically approving deposits in DTC or other such Depository and (ii) for any subsequent changes to such arrangements following such approval, the Board has reviewed and approved the arrangement and has not delivered an Officer's Certificate to the Bank indicating that the Board has withdrawn its approval:

  • Foreign Securities Depositories Except as may otherwise be agreed upon in writing by the Custodian and the Fund, assets of the Fund shall be maintained in foreign securities depositories only through arrangements implemented by the foreign banking institutions serving as sub-custodians pursuant to the terms hereof. Where possible, such arrangements shall include entry into agreements containing the provisions set forth in Section 3.5 hereof.

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