Accounts; Cash Management. The Loan Parties in the United States, Canada, England and Wales, Switzerland, and Germany (and any other jurisdiction in which a Borrower, Borrowing Base Guarantor or Receivables Seller is located) (the “Borrowing Base Loan Parties”) shall maintain a cash management system which is acceptable to the Administrative Agent (the “Cash Management System”), which shall operate as follows:
Accounts; Cash Management. The Borrowers and each Guarantor shall maintain a cash management system which is acceptable to the Administrative Agents and the applicable Collateral Agents (the “Cash Management System”), which shall operate as follows:
Accounts; Cash Management. The Borrower and each Guarantor shall, on or prior to the Effective Date create and maintain a cash management system (the “Cash Management System”), which shall operate as follows:
Accounts; Cash Management. Subject to Section 5.14 and Schedule 5.14, each Borrower and each Guarantor shall maintain a cash management system which is reasonably acceptable to Administrative Agent (the “Cash Management System”), which shall operate as follows:
Accounts; Cash Management. (a) Each Borrower and each Guarantor shall maintain a cash management system which is reasonably acceptable to the Collateral Agent (the “Cash Management System”), which shall operate as provided in this Section 2.22; provided that the Cash Management System with respect to accounts located in the United States of America, any State thereof or the District of Columbia in place on the Closing Date shall be deemed reasonably acceptable to the Collateral Agent.
Accounts; Cash Management. Each Borrower and each Guarantor shall maintain a cash management system which is acceptable to Administrative Agent (the “Cash Management System”), which shall operate as follows: (a) All proceeds of Collateral held by any Borrower or any other Loan Party (other than funds being collected pursuant to the provisions stated below) shall be deposited in one or more bank accounts or securities investment accounts, as set forth on Schedule 2.21 or other accounts in form and substance reasonably satisfactory to Administrative Agent subject to the terms of the Security Agreements and applicable Control Agreements.
Accounts; Cash Management. After the entry of the Order and the Cash Management Order, as applicable, and pursuant to and to the extent permitted in the Interim Order, the Final Order or the Cash Management Order, as applicable, the cash management and treasury arrangements in existence and as required under the Pre-Petition Credit Agreement shall continue in effect (unless otherwise consented to by the Administrative Agents and the Collateral Agents) and the Borrowers and the Guarantors hereby agree to comply with such arrangements in all respects. The Collateral Agents shall, pursuant to the Interim Order, the Final Order or the Cash Management Order, as applicable, be deemed to be the successor in interest to the “Collateral Agents” (as such term is defined in the Pre-Petition Credit Agreement) with respect to any and all credit card notifications, blocked account or deposit account control agreements required to have been executed and delivered under the Pre-Petition Credit Agreement. In accordance with the cash management and treasury arrangements under the Pre-Petition Credit Agreement, each Borrower and each Guarantor shall maintain a cash management system which is acceptable to the Administrative Agents and the applicable Collateral Agents (the “Cash Management System”), which shall operate as follows:
Accounts; Cash Management. (a) The Borrower and its Subsidiaries shall maintain all deposit accounts, collection accounts, investment accounts, operating accounts and all other accounts with Bank One Texas, N.A., except as otherwise permitted by the Administrative Agent.
Accounts; Cash Management. (a) The Borrower shall establish and maintain, at its sole expense, a single blocked deposit account (the “Concentration Account”) maintained by a financial institution reasonably acceptable to the Collateral Agent. The Borrower shall further execute and deliver, and shall cause each Guarantor to execute and deliver, such agreements and documents (including, without limitation, a Control Agreement) as the Collateral Agent may reasonably require in connection with the Concentration Account. The Concentration Account shall be in form and substance reasonably acceptable to the Collateral Agent. Prior to an Event of Default, the Borrower may operate the Concentration Account and utilize amounts deposited therein for any purpose not prohibited under the terms of the Loan Documents.
Accounts; Cash Management. Borrowers and each Subsidiary Guarantor shall, prior to the commencement of the Revolving Availability Period, maintain a cash management system (the “Cash Management System”), which shall operate as follows:
