Common use of CASH ALLOCATION ON THE DISTRIBUTION DATE Clause in Contracts

CASH ALLOCATION ON THE DISTRIBUTION DATE. Subject to the provisions of Section 2.01(b) hereof, the allocation between Company and Lakes of all cash bank balances, short-term investments and outstanding checks and drafts of Company and its Subsidiaries recorded per the books of Company and its Subsidiaries shall be in accordance with the following: (i) all deposits of cash, checks, drafts or short-term investments made to accounts, other than the Non-Mississippi Group Cash Accounts, after the close of business on the Distribution Date shall be remitted to Company; provided, however, that any such deposits that are erroneously made to such accounts shall be redeposited to the correct accounts as promptly as possible; (ii) all deposits of cash, checks, drafts or short-term investments made to the Non-Mississippi Group Cash Accounts after the close of business on the Distribution Date shall be remitted to Lakes and/or the appropriate Non-Mississippi Subsidiary; provided, however, that any such deposits that are erroneously made to such accounts shall be redeposited to the correct accounts as promptly as possible; (iii) all cash, other than cash allocated pursuant to Sections 2.01(b), 2.07, 2.08(i) and 2.08(ii), shall be retained by or remitted to Company and/or the appropriate Mississippi Subsidiaries.

CASH ALLOCATION ON THE DISTRIBUTION DATE. Subject to the provisions of Section 2.01(b) hereof, the allocation between Company and Lakes of all cash bank balances, short-term investments and outstanding checks and drafts of Company and its Subsidiaries recorded per the books of Company and its Subsidiaries shall be in accordance with the following: (i) all deposits of cash, checks, drafts or short-term investments made to accounts, other than the Non-Mississippi Group Cash Accounts, after the close of business on the Distribution Date shall be remitted to Company; providedPROVIDED, howeverHOWEVER, that any such deposits that are erroneously made to such accounts shall be redeposited to the correct accounts as promptly as possible; (ii) all deposits of cash, checks, drafts or short-term investments made to the Non-Mississippi Group Cash Accounts after the close of business on the Distribution Date shall be remitted to Lakes and/or the appropriate Non-Mississippi Subsidiary; providedPROVIDED, howeverHOWEVER, that any such deposits that are erroneously made to such accounts shall be redeposited to the correct accounts as promptly as possible; (iii) all cash, other than cash allocated pursuant to Sections 2.01(b), 2.07, 2.08(i) and 2.08(ii), shall be retained by or remitted to Company and/or the appropriate Mississippi Subsidiaries.