Common use of Depository Banks Clause in Contracts

Depository Banks. Each Borrower and each Subsidiary will maintain the Administrative Agent 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; provided, however, that the Administrative Agent and the Lenders acknowledge and agree that the Borrowers and their Subsidiaries will not be required to maintain with the Administrative Agent any Excluded Accounts or any accounts governing controlled disbursement services provided by any financial institution other than the Administrative Agent.

Depository Banks. Each Borrower and each Subsidiary will maintain the Administrative Agent 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; provided, however, that the Administrative Agent and the Lenders acknowledge and agree that the Borrowers and their Subsidiaries will not be required to maintain with the Administrative Agent any Excluded Accounts or any accounts governing controlled disbursement services provided by any financial institution other than the Administrative Agent.. ARTICLE VII

Depository Banks. Each Borrower and each Subsidiary will maintain the Administrative Agent 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; providedprovided , howeverhowever , that the Administrative Agent and the Lenders acknowledge and agree that the Borrowers and their Subsidiaries will not be required to maintain with the Administrative Agent any Excluded Accounts or any accounts governing controlled disbursement services provided by any financial institution other than the Administrative Agent.. ARTICLE VII

Depository Banks. Each The Borrower and each Subsidiary its Domestic Subsidiaries will maintain the Administrative Agent as its principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity activity, and other deposit accounts for the conduct of its business; provided, however, that the Administrative Agent Borrower and its Domestic Subsidiaries may (a) maintain payroll, withholding tax and other fiduciary accounts and (b) maintain other deposit accounts as long as the Lenders acknowledge and agree that the Borrowers and their Subsidiaries will aggregate balance in all such accounts does not be required to maintain exceed $500,000, in each case with the Administrative Agent any Excluded Accounts or any accounts governing controlled disbursement services provided by any financial institution depositary institutions other than the Administrative Agent.