Common use of Banking Relationship Clause in Contracts

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship with Silicon, with all significant deposits to be maintained at Silicon.

Appears in 6 contracts

Samples: Loan and Security Agreement (Double-Take Software, Inc.), Loan and Security Agreement (Artisoft Inc), Loan and Security Agreement (Tut Systems Inc)

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Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship with Silicon, with all significant deposits to be maintained at Silicon.

Appears in 2 contracts

Samples: Loan and Security Agreement (Collagenex Pharmaceuticals Inc), Loan and Security Agreement (Collagenex Pharmaceuticals Inc)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain all of its primary banking relationship depository, operating (other than payroll and operating accounts maintained in Canada) and securities accounts with Silicon, Silicon (or an affiliate of Silicon with all significant deposits respect to be maintained at Siliconsecurities accounts).

Appears in 2 contracts

Samples: Loan and Security Agreement (Satcon Technology Corp), Loan and Security Agreement (Satcon Technology Corp)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship operating accounts and cash management services (including, without limitation, a lock box arrangement satisfactory to Silicon) with Silicon, with all significant deposits to be maintained at Silicon.

Appears in 2 contracts

Samples: Loan and Security Agreement (Open Market Inc), Loan and Security Agreement (Open Market Inc)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain all of its primary banking relationship operating accounts with Silicon, with all significant deposits to be maintained at Silicon.

Appears in 2 contracts

Samples: Loan and Security Agreement (Exchange Applications Inc), Loan and Security Agreement (Exchange Applications Inc)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship operating accounts with Silicon, with all significant deposits to be maintained at Silicon.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinium Software Inc)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship with Silicon, with all significant deposits to be maintained at SiliconSilicon (Borrower may maintain its existing account with Fleet Bank provided the balance maintained therein does not exceed $100,000.00)." and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Fourth Loan Modification Agreement (Chyron Corp)

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Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times during the term of this Agreement maintain all of its primary banking relationship depository, operating and securities accounts with Silicon, Silicon (or an affiliate of Silicon with all significant deposits respect to be maintained at Siliconsecurities accounts).

Appears in 1 contract

Samples: Loan and Security Agreement (Ibasis Inc)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship with Silicon, with all significant deposits and investment accounts to be maintained at Silicon.

Appears in 1 contract

Samples: Loan and Security Agreement (Vertical Communications, Inc.)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain its primary banking relationship with Silicon, with all significant deposits to be maintained at SiliconSilicon (Borrower may maintain its existing account with Fleet Bank provided the balance maintained therein does not exceed $100,000.00).

Appears in 1 contract

Samples: Security Agreement (Chyron Corp)

Banking Relationship. In order for Silicon to properly monitor its loan arrangement with the Borrower, Borrower shall at all times maintain all of its primary banking relationship domestic deposit accounts, operating accounts and securities accounts with Silicon, Silicon (or an affiliate of Silicon with all significant deposits respect to be maintained at Siliconsecurities accounts ).

Appears in 1 contract

Samples: Loan and Security Agreement (Parlex Corp)

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