Common use of Operating Accounts Clause in Contracts

Operating Accounts. (a) No later than sixty (60) days after the Effective Date, and at all times thereafter, maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 3 contracts

Samples: Loan and Security Agreement (Cornerstone OnDemand Inc), Loan and Security Agreement (Cornerstone OnDemand Inc), Loan and Security Agreement (Cornerstone OnDemand Inc)

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Operating Accounts. (a) No later than sixty Within ninety (6090) days after the Effective Date, Date and at all times thereafter, maintain its their primary and their Subsidiaries’ primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) of the dollar value of Borrower’s Borrowers’ and such Subsidiaries accounts at all financial institutions.

Appears in 2 contracts

Samples: Loan and Security Agreement (TrueCar, Inc.), Loan and Security Agreement (TrueCar, Inc.)

Operating Accounts. (a) No later than sixty thirty (6030) days after the Effective Date, Date and at all times thereafter, maintain its primary and its Subsidiaries’ primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates Affiliates, which accounts shall represent at least eighty five percent (85%) of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 2 contracts

Samples: Loan and Security Agreement (TrueCar, Inc.), Loan and Security Agreement (TrueCar, Inc.)

Operating Accounts. (a) No later than sixty (60) days after the Effective Date, and at all times thereafter, maintain its primary and its Subsidiaries’ primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates Affiliates, which accounts shall represent at least eighty five percent (85%) of the dollar value of Borrower’s and such Subsidiaries Subsidiaries’ accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (Infinity Oil & Gas Co)

Operating Accounts. (a) No later than sixty Within forty-five (6045) days after of the Effective Date, Date and at all times thereafter, maintain its primary and its Subsidiaries’ depository and operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates affiliates which accounts shall represent at least eighty five percent (85%) % of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (DecisionPoint Systems, Inc.)

Operating Accounts. (a) No later than sixty Within thirty (6030) days after of the Effective Date, maintain all of its primary and at all times thereafter, maintain its Subsidiaries’ primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) % of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (Villageedocs Inc)

Operating Accounts. (a) No later than sixty Within seventy-five (6075) days after the Effective Date, and at all times thereafter, maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) % of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (U.S. Auto Parts Network, Inc.)

Operating Accounts. (a) No later than sixty (60) days after the Effective Date, Date and at all times thereafter, maintain its primary all of their and their Subsidiaries operating and other deposit accounts with Bank and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions's Affiliates.

Appears in 1 contract

Samples: Loan and Security Agreement (Augme Technologies, Inc.)

Operating Accounts. (a) No later than sixty one hundred twenty (60120) days after the Effective Date, Date and at all times thereafter, maintain its primary and its Subsidiaries’ primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) % of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (St. Bernard Software, Inc.)

Operating Accounts. (a) No later than sixty (60) days after the Effective DateDate and at all time thereafter, maintain its primary and its domestic Subsidiaries’ primary operating and other deposit accounts with Bank. No later than sixty (60) days after the Effective Date and at all times thereafter, maintain its primary operating and other deposit accounts and at least one securities accounts account with Bank and Bank’s Affiliates or its Affiliates, which securities account or securities accounts shall represent at least eighty twenty five percent (8525%) of the dollar value of Borrower’s and such Subsidiaries securities accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (Dot Hill Systems Corp)

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Operating Accounts. (a) No later than Within sixty (60) days after of the Effective Date, Date and at all times thereafter, maintain all of its and its Subsidiaries’ primary depository and operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutionsaffiliates.

Appears in 1 contract

Samples: Loan and Security Agreement (Ocz Technology Group Inc)

Operating Accounts. (a) No later than Within sixty (60) days after the Effective Date, and at all times thereafter, maintain its and its Subsidiaries’, if any, primary depository, operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates affiliates with all excess funds maintained at or invested through Bank or an affiliate of Bank, which accounts shall represent at least eighty five fifty percent (8550%) of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (Auxilium Pharmaceuticals Inc)

Operating Accounts. (a) No later than Within sixty (60) days after the Effective Date, establish and at all times thereafter, maintain its and its Subsidiaries’ primary depository and operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates affiliates which accounts shall represent at least eighty five percent (85%) % of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutions.

Appears in 1 contract

Samples: Loan and Security Agreement (Encision Inc)

Operating Accounts. (a) No later than sixty (60) days after the Effective Date, Date and at all times thereafter, maintain its primary all of their and their Subsidiaries operating and other deposit accounts with Bank and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) of the dollar value of Borrower’s and such Subsidiaries accounts at all financial institutionsAffiliates.

Appears in 1 contract

Samples: Loan and Security Agreement (Hipcricket, Inc.)

Operating Accounts. (a) No later than sixty Within ninety (6090) days after the Effective Date, maintain all of its and at all times thereafterof its Subsidiaries’ operating, maintain its primary operating and other deposit accounts depository, and securities accounts with Bank and Bank’s Affiliates which accounts shall represent at least eighty five percent (85%) of Affiliates. Notwithstanding the dollar value of Borrower’s foregoing, Borrower and such its Subsidiaries may maintain operating, depository, and securities accounts at all or with other financial institutions.institutions other than Bank or Bank’s Affiliates provided that the maximum aggregate balance in such accounts does not at any time exceed Fifty Thousand Dollars ($50,000.00) (the “Permitted Accounts”)

Appears in 1 contract

Samples: Loan and Security Agreement (InsPro Technologies Corp)

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