Common use of Principal Depository Bank Clause in Contracts

Principal Depository Bank. The Borrowers will retain 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.

Appears in 3 contracts

Samples: Second Term Loan Agreement (ONE Group Hospitality, Inc.), Security Agreement (ONE Group Hospitality, Inc.), Security Agreement (ONE Group Hospitality, Inc.)

AutoNDA by SimpleDocs

Principal Depository Bank. The Borrowers Borrower and each Subsidiary will retain the Bank maintain Lender 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.

Appears in 2 contracts

Samples: Loan and Security Agreement (Lapolla Industries Inc), Loan and Security Agreement (Lapolla Industries Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.