Cash Management After the Distribution Date. Marketing shall separate from Getty, and establish and maintain a cash management system and accounting records with respect to the Marketing Business effective as of 12:01 a.m. on the day following the Distribution Date; thereafter, (i) any payments by Getty or its Retained Subsidiaries on behalf of Marketing or the Marketing Subsidiaries in connection with the Marketing Business shall be recorded in the accounts of the Marketing Group as a payable from the Marketing Group to the Getty Group; (ii) any payments by Marketing or the Marketing Subsidiaries on behalf of Getty or its Retained Subsidiaries in connection with the Retained Business shall be recorded in the accounts of the Getty Group as a payable from the Getty Group to the Marketing Group; (iii) any cash payments received by Getty and the Retained Subsidiaries relating to the Marketing Business or the Marketing Assets shall be recorded in the accounts of the Getty Group as a payable from the Getty Group to the Marketing Group; (iv) any cash payments received by Marketing or the Marketing Subsidiaries relating to the Retained Business or the Retained Assets shall be recorded in the accounts of the Marketing Group as a payable from the Marketing Group to the Getty Group; (v) Marketing and Getty shall make adjustments for late deposits, checks returned for not sufficient funds and other post-Distribution Date transactions as shall be reasonable under the circumstances consistent with the purpose and intent of this Agreement; and (vi) the net balance due to the Getty Group or the Marketing Group, as the case may be, in respect of the aggregate amounts of clauses (i), (ii), (iii), (iv) and (v) shall be paid by Marketing or
Cash Management After the Distribution Date. All xxxxx cash, depository and disbursement accounts of Hilton (other than the Gaming Group Cash Accounts) shall be retained by Hilton. The Gaming Group Cash Accounts shall be transferred to Gaming Co., and Gaming Co. shall establish and maintain a separate cash management system and separate accounting records with respect to the Gaming Group Business effective as of 12:01 a.m. New York time on the day following the Distribution Date.
Cash Management After the Distribution Date. All xxxxx cash, ------------------------------------------- depository and disbursement accounts of Choice (other than the Retained Cash Accounts) on the Distribution Date shall be transferred to Franchising after the allocations are made pursuant to this Section 2.07. Choice shall retain the Retained Cash Accounts and shall establish and maintain a separate cash management system and accounting records with respect to the Real Estate Group Business effective as of 12:01 a.m. New York time on the day following the Distribution Date.
Cash Management After the Distribution Date. The Company has established and maintains separate cash management systems, and maintains separate bank accounts and lockboxes with respect to the MAPICS Business and the Marcam Solutions Business. From and after the Distribution Date, MAPICS shall be entitled to all such accounts and lockboxes related to the MAPICS Business and Marcam Solutions shall be entitled to all such accounts and lockboxes related to the Marcam Solutions Business. Following the Distribution Date (i) MAPICS shall, and shall cause its Affiliates to, remit to Marcam Solutions, no less frequently than weekly, any amounts (net of returned checks and similar items) received by any of them on or after the Distribution Date which constitute Marcam Solutions Assets and (ii) Marcam Solutions shall, and shall cause its Affiliates to, remit to MAPICS, no less frequently than weekly, any amounts (net of returned checks and similar items) received by any of them on or after the Distribution Date which constitute MAPICS Assets.
Cash Management After the Distribution Date. Legacy shall establish and maintain a separate cash management system and accounting records with respect to the Legacy Business effective as of 12:01 a.m. on the day following the Distribution Date; thereafter, (i) any payments by Excel or EDV on behalf of Legacy in connection with the Legacy Business (including, without limitation, any such payments in respect of Liabilities or other obligations of Legacy under the Administrative Services Agreement) shall be recorded in the accounts of Legacy as a payable to Excel or EDV, as applicable; (ii) any payments by Legacy on behalf of Excel or EDV in connection with the Excel Retained Business or the EDV Retained Business, respectively (including, without limitation, any such payments in respect of Liabilities or other obligations of Excel or EDV under the Administrative Services Agreement), shall be recorded in the accounts of Excel or EDV, as applicable, as a payable to Legacy; (iii) any cash payments received by Excel or EDV relating to the Legacy Business or the Legacy Assets shall be recorded in the accounts of Excel or EDV, as applicable, as a payable to Legacy; (iv) any cash payments received by Legacy relating to the Excel Retained Business, the EDV Retained Business, the Excel Retained Assets or the EDV Retained Assets shall be recorded in the accounts of Legacy as a payable to Excel or EDV, as applicable; (v) Excel, EDV and Legacy shall make adjustments for late deposits, checks returned for not sufficient funds and other post-Distribution Date transactions as shall be reasonable under the circumstances consistent with the purpose and intent of this Agreement; and (vi) the net balance due to Excel, EDV or Legacy, as the case may be, in respect of the aggregate amounts of clauses (i), (ii), (iii), (iv) and (v) shall be paid by Excel, EDV or Legacy, as appropriate, as promptly as practicable. For purposes of this Section 2.07(a), the parties contemplate that the Excel Retained Business, the EDV Retained Business and the Legacy Business, including but not limited to the administration of accounts payable and accounts receivable, will be conducted in the normal course.
Cash Management After the Distribution Date. All pettx xxxh, depository and disbursement accounts of Company (other than the Non-Mississippi Group Cash Accounts) shall be retained by Company. The Non-Mississippi Group Cash Accounts shall be transferred to Lakes, and Lakes shall establish and maintain a separate cash management system and separate accounting records with respect to the Non-Mississippi Group Business effective as of 12:01 a.m. Minneapolis time on the day following the Distribution Date.
Cash Management After the Distribution Date. All xxxxx cash, depository and disbursement accounts of Company (other than the Non-Mississippi Group Cash Accounts) shall be retained by Company. The Non-Mississippi Group Cash Accounts shall be transferred to Lakes, and Lakes shall establish and maintain a separate cash management system and separate accounting records with respect to the Non-Mississippi Group Business effective as of 12:01 a.m. Minneapolis time on the day following the Distribution Date.
Cash Management After the Distribution Date. SpinCo shall establish and maintain a separate cash management system and accounting records with respect to the SpinCo Business effective as of 12:01 a.m. on the day following the Distribution Date; thereafter, (i) any payments by PEI or the Retained Subsidiaries on behalf of SpinCo or the SpinCo Subsidiaries in connection with the SpinCo Business (including, without limitation, any such payments in respect of Liabilities or other obligations of SpinCo or the SpinCo Subsidiaries under the Employee Benefits Allocation Agreement) shall be recorded in the accounts of the SpinCo Group as a payable from the SpinCo Group to the PEI Group; (ii) any payments by SpinCo or the SpinCo Subsidiaries on behalf of PEI or the Retained Subsidiaries in connection with the Retained Business (including, without limitation, any such payments in respect to Liabilities or other obligations of PEI or the Retained Subsidiaries under the Employee Benefits Allocation Agreement) shall be recorded in the accounts of the PEI Group as a payable from the PEI Group to the SpinCo Group; (iii) any cash payments received by PEI and the Retained Subsidiaries relating to the SpinCo Business or the SpinCo Assets shall be recorded in the accounts of the PEI Group as a payable from the PEI Group to the SpinCo Group; (iv) any cash payments received by SpinCo or the SpinCo Subsidiaries relating to the Retained Business or the Retained Assets shall be recorded in the accounts of the SpinCo Group as a payable from the SpinCo Group to the PEI Group; (v) SpinCo and PEI shall make adjustments for late deposits, checks returned for not sufficient funds and other post-Distribution Date transactions as shall be reasonable under the circumstances consistent with the purpose and intent of this Agreement; and (vi) the net balance due to the PEI Group or the SpinCo Group, as the case may be, in respect of the aggregate amounts of clauses (i), (ii), (iii), (iv) and (v) shall be paid by SpinCo or PEI, as appropriate, as promptly as practicable. For purposes of this Section 2.06(b), the parties contemplate that the Retained Business and the SpinCo Business, including but not limited to the administration of accounts payable and accounts receivable, will be conducted in the normal course.
Cash Management After the Distribution Date. The xxxxx cash, depositary and disbursement accounts of the Lodging Business shall be transferred to Choice on the Distribution Date after the allocations are made pursuant to Section 2.07(a)(i) and (ii). Choice shall establish and maintain a separate cash management system and accounting records with respect to the Lodging Business effective as of 12:01 a.m. New York time on the day following the Distribution Date.
Cash Management After the Distribution Date. All pettx xxxh, depository and disbursement accounts of CWC on the Distribution Date shall be transferred to Optimum after the allocations are made pursuant to this Section 2.07.
