Deposit Relationship Clause Samples
The Deposit Relationship clause defines the terms under which a party holds or manages funds deposited by another party, typically in the context of a financial or commercial agreement. It outlines the responsibilities of the depositary, such as safeguarding the funds, providing account statements, and specifying conditions for withdrawal or use of the deposit. This clause ensures that both parties understand their rights and obligations regarding the deposited funds, thereby reducing the risk of disputes and clarifying the management of financial assets within the agreement.
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Deposit Relationship. Maintain with Bank a cash concentration account for cash needed above regular operations plus any other amount needed for performance of this Agreement and the Notes.
Deposit Relationship. The Guarantor shall maintain its primary deposit relationship with the Bank and shall establish a deposit account and cash management facility with the Bank.
Deposit Relationship. Borrower shall maintain its primary depository account and cash management account with Bank.
Deposit Relationship. The Borrower shall establish and maintain their primary deposit relationship with a bank reasonably acceptable to the Lender.
Deposit Relationship. The Borrower will, and will cause each of its Subsidiaries to, maintain its primary depository and treasury management services with the Lender.
Deposit Relationship. Borrower agrees that until such time as Borrower is no longer subject to the terms of this Agreement, any Related Document, any other credit agreement(s) with Lender, Borrower shall maintain all of its cash and cash equivalents in accounts established and maintained with Lender and Borrower's primary deposit account(s) will be placed and maintained with Lender, or a bank affiliated with Lender, except for amounts as may be reasonably be required for the operation and maintenance of Borrower's operations outside of the Untied States.
Deposit Relationship. Restricted Persons shall at all times utilize and maintain Lender as Restricted Persons’ primary depository and treasury management services provider for their operational, business deposit accounts.
Deposit Relationship. Borrower shall at all times maintain a deposit account with Bank to be used for Hotel operations during the term of the Loans (the "Operating Account"). The funds deposited into local bank accounts for each Hotel shall be swept into the Operating Account at the Bank a minimum of two (2) times per week; provided, however, that such local bank accounts shall maintain funds sufficient to satisfy minimum deposit requirements not in excess of $1,000 per account. Upon the occurrence and continuance of an Event of Default, the Bank is authorized to immediately sweep the funds located in local bank accounts for each Hotel into the Operating Account at the Bank.
Deposit Relationship. At all times maintain all depository and treasury services businesses with Heartland Bank during the term of this Agreement; provided, that Borrower shall have a period not to exceed sixty (60) days to move all such depository and treasury services business to Heartland Bank and close all of the accounts identified on Schedule 8.12.
Deposit Relationship. Maintain a meaningful deposit relationship with the Agent.