Cash Collections. All Tenant Lessees and all other Persons (other than the Lenders and Agents) remitting funds to the Borrower shall be instructed to remit or deposit all Cash Collections and all other amounts due to the Borrower under the Tenant Leases or otherwise to the Operating Account, and if the Tenant Lessees or such other Persons do not follow said instructions, the Borrower and/or the Servicer shall cause all such cash collections and all other amounts to be immediately deposited into the Operating Account.
Cash Collections. All proceeds received in the Collection Accounts shall be applied to the Revolving Credit Facility in the manner set forth in Section 2.06(c)(i) below.
Cash Collections. All payments received after the Closing by any Operating Company in connection with or arising out of the Business, the Purchased Assets or the Assumed Liabilities for any period after the Closing Date shall be promptly paid over to Buyer (without right of set-off) as promptly as practicable but in no event more than one (1) Business Day after receipt. Any such payment or reimbursement shall: (i) be held by the Person receiving it in trust for Buyer, (ii) be paid over to Buyer without right of set-off as promptly as practicable, and (iii) not constitute property of any Operating Company or such Person. The Operating Companies shall cooperate with Buyer to cause all future payments and reimbursements by any third-party for any period after the Closing Date to be promptly paid directly to Buyer or its designee.
Cash Collections. Not permit, as of the last day of any Computation Period, the average Cash Collection Percentage for all Fiscal Months during that Computation Period to be less than 3.75%.
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Cash Collections. All payments received after the Closing by Seller or its Affiliates in connection with or arising out of the Business or the Purchased Assets shall be promptly paid over to Buyer as promptly as practicable but in no event more than five (5) business days after receipt. Any such payment shall be held by the Person receiving it in trust for Buyer and not constitute property of the Seller or such Person. Seller shall cooperate with Buyer to cause all future payments and reimbursements to be paid directly to Buyer or its designee.
Cash Collections. To the extent that the Sellers or any of their Affiliates (other than the Subsidiaries) receive any payments after the Deposit Date that belong to the Subsidiaries, the Sellers shall deliver and pay over such payments to BAC by wire transfer as promptly as may be practicable but in any event no later than by the close of business on the third Business Day after receipt thereof. Similarly, to the extent the Subsidiaries receive any payments after the Deposit Date that belong to the Sellers or any of their Affiliates, the Purchasers shall deliver and pay over such payments to the Sellers by wire transfer as promptly as may be practicable but in any event no later than by the close of business on the third Business Day after receipt thereof by the Subsidiaries.
Cash Collections. For each calendar month commencing with the month in which the Closing Date occurs and continuing until reasonably determined by the parties no longer to be necessary, Purchaser and Seller shall, and shall cause their respective Affiliates to, remit all cash collections received by them for the benefit of the other party during the relevant month to be remitted to the party entitled to the benefit thereof as promptly as possible, and in any case within ten (10) business days after the receipt thereof.
Cash Collections. Following the Closing, if the Sellers receive any cash (including, without limitation, cash received with respect to outstanding Accounts Receivable) relating to the Acquired Business, then such cash shall be remitted by wire transfer of immediately available funds to the account(s) designated by the Purchaser within three Business Days after the Sellers' receipt thereof. Following the Closing, if the Purchaser receives any cash payment from any Person with respect to any Excluded Accounts Receivable, which payment is specifically designated by such Person as being made in respect of such Excluded Accounts Receivable, then such cash shall be remitted by wire transfer of immediately available funds to the account(s) designated by the Sellers within three Business Days after the Purchaser's receipt thereof.
Cash Collections. For ninety (90) days following the Closing ---------------- Date, the Seller will perform a daily sweep of the Bank Accounts into a bank account or accounts designated by the Purchaser. Seller shall provide Purchaser with an accounting of any amounts received in Bank Accounts which represent payment of accounts receivable owed to Seller by carriers, and Purchaser shall, absent dispute, remit any such amounts to Seller.
