Common use of Checking Accounts and Cash Management Services Clause in Contracts

Checking Accounts and Cash Management Services. Borrowers shall maintain their general checking and controlled disbursement accounts with LaSalle. Normal charges shall be assessed thereon. Although no compensating balance is required, each Borrower must keep monthly balances in order to merit earnings credits which will cover LaSalle's service charges for demand deposit account activities. In addition, Borrowers shall enter into agreements with LaSalle for standard cash management services. Borrowers shall be responsible for all normal charges assessed thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Amcon Distributing Co)

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Checking Accounts and Cash Management Services. Borrowers Borrower shall maintain their general checking and its controlled disbursement accounts account with LaSalleLaSalle Bank. Normal charges shall be assessed thereon. Although no compensating balance is required, each Borrower must keep monthly balances in order to merit earnings credits which will cover LaSalle's service charges for demand deposit account activities. In addition, Borrowers Borrower shall enter into agreements with LaSalle Bank for standard cash management services. Borrowers Borrower shall be responsible for all normal charges assessed thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Obsidian Enterprises Inc)

Checking Accounts and Cash Management Services. Borrowers Borrower shall maintain their general checking and its controlled disbursement accounts account with LaSalleLaSalle Bank. Normal charges shall be assessed thereonthereon in accordance with Schedule 12(j) attached hereto and made a part hereof. Although no compensating balance is required, each Borrower must keep monthly balances in order to merit earnings credits which will cover LaSalle's LaSalle Bank’s service charges for demand deposit account activities. In addition, Borrowers Borrower shall enter into agreements with LaSalle Bank for standard cash management services. Borrowers Borrower shall be responsible for all normal charges assessed thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Perry-Judds Inc)

Checking Accounts and Cash Management Services. Borrowers Borrower shall maintain their its general checking and checking/controlled disbursement accounts account with LaSalle. Normal Customary charges shall be assessed thereon. Although no compensating balance is required, each Borrower must keep monthly balances in order to merit earnings credits which will cover LaSalle's service charges for demand deposit account activities. In addition, Borrowers Borrower shall enter into agreements with LaSalle for standard cash management services. Borrowers Borrower shall be responsible for all normal customary charges assessed thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Apac Customer Service Inc)

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Checking Accounts and Cash Management Services. Borrowers Each Borrower shall maintain their its general checking and checking/controlled disbursement accounts account with LaSalleLaSalle Bank. Normal charges shall be assessed thereon. Although no compensating balance is requiredIn addition, each Borrower must keep monthly balances in order to merit earnings credits which will cover LaSalle's service charges for demand deposit account activities. In addition, Borrowers shall enter into agreements with LaSalle Bank for standard cash management services. Borrowers shall be responsible for all normal charges assessed thereon.

Appears in 1 contract

Samples: Loan and Security Agreement (Coachmen Industries Inc)

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