DEPOSITORY RELATIONSHIP definition

DEPOSITORY RELATIONSHIP. The rate and terms of this credit facility are in express reliance on Brunswick Technologies maintaining its deposit and commercial banking relationships with the Bank. The Bank shall have the right to charge any of the borrower's accounts for any amounts due in connection with the credit facility. NON-ASSIGNABILITY OF COMMITMENT: This commitment is expressly offered only to the Co-borrowers and only for the purposes described herein. This commitment may not be assigned without the written permission of Fleet Bank of Maine.
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Examples of DEPOSITORY RELATIONSHIP in a sentence

  • IF YOU ESTABLISH A DIRECT DEPOSITORY RELATIONSHIP WITH A PROGRAM BANK, THE DEPOSIT ACCOUNTS WILL NO LONGER BE PART OF YOUR BROKERAGE ACCOUNT AND WE WILL HAVE NO FURTHER RESPONSIBILITY CONCERNING THE DEPOSIT ACCOUNTS.

  • Borrower covenants and agrees with Lender that, while this Agreement is in effect, Borrower will; DEPOSITORY RELATIONSHIP.

  • Borrower covenants and agrees with Lend▇▇ ▇▇▇t, while this Agreement is in effect, Borrower will: DEPOSITORY RELATIONSHIP.

  • Borrower covenants and agrees with Lender that, while this Agreement is in effect, Borrower will: DEPOSITORY RELATIONSHIP.

  • ESTABLISHING A DIRECT DEPOSITORY RELATIONSHIP IN YOUR NAME AT A BANK WILL SEPARATE THE DEPOSIT ACCOUNTS FROM YOUR BROKERAGE ACCOUNT.

  • Borrower agrees to maintain the following accounts with Lender: BORROWER AGREES TO MAINTAIN A DEPOSITORY RELATIONSHIP WITH CAPITOL NATIONAL BANK THROUGHOUT LIFE OF THE LOAN.