Cash Control. At no time shall Client be given access to the Cash held by Armored Carrier, nor shall Armored Carrier give Client access to the Cash held in any Covered Machine.
Cash Control. Existing Section 2.3(b)(ii)(C) of the Credit Agreement shall be deleted in its entirety, and the following revised Section 2.3(b)(ii)(C) shall be substituted in its place:
Cash Control. The Borrower shall use commercially reasonable efforts to, as soon as reasonably practical (but not later than 45 days after the Petition Date), subject the Collection Account to a fully blocked control agreement during the Forbearance Period on terms reasonably acceptable to the Lender Parties that requires prior notice of not less than 12 hours to the Lender Parties of any cash releases and confirmation from the Lender Parties that they agree that the Collection Account Release Conditions (other than the absence of a Specified Default) have been met and no Termination Event has occurred, in each case, as of the date of any distribution (which will be a revocable standing confirmation);
Cash Control. Xxxxxxx will be responsible for all cashiering ------------ functions associated with sales of JMC Products during the Transition Period, including, without limitation, cash balancing and transmitting funds to the Provider Companies.
Cash Control. Section 2.3(b)(ii)(C) of the Credit Agreement (as previously amended) is hereby amended by changing the words and figure "Twenty-Two Million Five Hundred Thousand Dollars ($22,500,000)" therein to "Fifteen Million Dollars ($15,000,000)."
Cash Control. At all times during a Cash Trap Period, funds then on deposit in the Distribution Deposit Account or subsequently deposited thereto will be transferred to a cash collateral account held by Agent and held as cash collateral for the Liabilities; provided that if and so long as a Cash Sweep Period is in effect, Agent may apply all or any portion of such cash collateral to payment of monthly interest payments on the Loan and Monthly Fees, and any balance of such cash collateral to the principal balance of the Loan; and provided further, that while an Event of Default is continuing, Agent may apply such cash collateral to any Liabilities in such order as it determines.
Cash Control. SMG shall institute and maintain cash control procedures necessary for the responsible management and accounting for all funds handled by its employees and agents. Where appropriate (e.g., in a contract with a food and beverage concessionaire), SMG will impose upon its subcontractors normal and customary provisions as to cash control procedures.
Cash Control. As further described in the Operations Manual, it is the intent of the parties to employ strict cash control methods with respect to Facility operations through a combination of rigid accounting procedures and internal audit tests, as well as an annual audit by an independent public accounting firm as set forth in Section 12.3 below. As described in the Operations Manual in detail, (a) payrolls shall be processed through a separate bank account in the name of Manager, reconciled monthly and tested via internal audit procedures, (b) each event at the Facility shall be accounted for using an event accounting system, with budgets and final reports prepared for each event, and reimbursable expenses for each event coded for accurate accumulation to ensure all applicable costs are paid by the users of the Facility, (c) users of the Facility shall be required to make advance deposits to cover rentals and estimated costs, in an effort to minimize collection efforts, and (d) Manager shall check credit references of any new or questionable users of the Facility.
Cash Control. As further described in the Operating Procedures, it is the intent of the parties to employ strict cash control methods with respect to Facility operations through a combination of rigid accounting procedures and internal audit tests, as well as an annual audit by an independent public accounting firm as set forth in Section 11.3 below. As described in the Operating Procedures in detail, (a) payrolls shall be processed through a separate bank account in the name of Manager, reconciled monthly and tested via internal audit procedures, (b) each event at the Facility shall be accounted for using an event accounting system, with budgets and final reports prepared for each event, and reimbursable expenses for each event coded for accurate accumulation to ensure all applicable costs are paid by the users of the Facility, (c) users of the Facility shall be required to make advance deposits to cover rentals and estimated costs, in an effort to minimize collection efforts, and
Cash Control. 36. The Department will manage its cash assets in a financially responsible manner and in accordance with guidelines issued. The Department will provide any additional cashflow and balance information requested from time to time to ensure appropriate management of the Territory’s liquidity.
