Cash Management Costs Sample Clauses

Cash Management Costs. The Borrower shall immediately pay to the Agent the various expenses, costs and breakage costs incurred by acceleration or voluntary prepayment of all or part of the debt, in particular any possible loss which may result for the Lenders, from the difference between the refinancing costs and the expected reinvestment rate on the money market for the expected funds concerned by acceleration. Since the Agent commits himself irrevocably vis a vis the French Authorities in charge of monitoring the fixed rate of interest, all advanced payments will be subject to the payment of an indemnity by the Borrower. This indemnity will be determined, in accordance with the French Authorities, by taking into account the differential between the rate of interest of the credit and the prevailing market yield for each advanced repaid maturity and applied to the corresponding remaining residual period. Each of those rates differentials will be applied to the amount of the corresponding advanced repaid maturity on the period from said repayment in advance till the original maturity date. The net present value of each corresponding amount resulting from above calculation will be determined at the corresponding market yield. In case the cumulated amount of such present values is negative, no indemnity shall be due by the Borrower.” The Borrower shall compensate the Lenders for these sums immediately upon receipt of supporting proof of such costs and losses given by the Agent.
Sample 1
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Cash Management Costs. The Borrower shall immediately pay to the Agent the various expenses and costs incurred by acceleration of all or part of the debt, in particular any possible loss which may result for the Lenders, from the difference between the refinancing costs and the expected reinvestment rate on the money market for the expected funds concerned by acceleration.
Sample 1
Cash Management Costs. The Purchaser shall be responsible --------------------- for any and all reasonable costs and expenses, including credit card, bank and other similar processing fees and charges, incurred by the Seller after the Closing Date in connection with the Purchaser's use of the Seller's existing cash management system and accounts, including with American National Bank & Trust Company or it successor bank.
Sample 1
Cash Management Costs a. With respect to Clients with Cash Collateral invested in Liquidity Money Market Series (“L-MMS”), a series of SL Liquidity Series, LLC, the Client and the Lending Agent agree and acknowledge that no advisory fee is payable with respect to management and investment of such Group A Fund’s Cash Collateral in L-MMS. The Lending Agent has agreed to cap the Cash Management Costs in respect of the investment of Cash Collateral in L-MMS on an annualized basis at 0.04% of the daily net asset value of L-MMS. The cap on the Cash Management Costs may be raised or reduced upon mutual agreement between the Lending Agent and the Client. If such Group A Fund directly or indirectly bears any Cash Management Costs, as computed at least monthly by the Lending Agent or its designee, in excess of such cap, then such excess shall, without limitation, be deemed a transaction fee or other operational cost for which the Lending Agent shall be responsible.
Sample 1
Cash Management Costs a. With respect to Clients with Cash Collateral invested in Liquidity Money Market Series (previously defined as “L-MMS”), a series of SL Liquidity Series, LLC, the Client and the Lending Agent agree and acknowledge that no advisory fee is payable with respect to management and investment of such Group B Fund’s Cash Collateral in L-MMS. The Lending Agent has agreed to cap the Cash Management Costs in respect of the investment of Cash Collateral in L-MMS on an annualized basis at 0.04% of the daily net asset value of L-MMS. The cap on the Cash Management Costs may be raised or reduced upon mutual agreement between the Lending Agent and the Client. If such Group B Fund directly or indirectly bears any Cash Management Costs, as computed at least monthly by the Lending Agent or its designee, in excess of such cap, then such excess shall, without limitation, be deemed a transaction fee or other operational cost for which the Lending Agent shall be responsible.
Sample 1

Related to Cash Management Costs

  • Cash Management (a) Borrowers shall (i) establish and maintain cash management services of a type and on terms satisfactory to Agent at one or more of the banks set forth on Schedule 2.7(a) (each a "Cash Management Bank"), and shall request in writing and otherwise take such reasonable steps to ensure that all of its Account Debtors forward payment of the amounts owed by them directly to such Cash Management Bank, and (ii) deposit or cause to be deposited promptly, and in any event no later than the first Business Day after the date of receipt thereof, all Collections (including those sent directly by Account Debtors to a Cash Management Bank) into a bank account in Agent's name (a "Cash Management Account") at one of the Cash Management Banks.

  • Cash Management Account Borrower hereby represents and warrants to Lender that:

  • Cash Management Arrangements Borrower shall cause all Rents to be transmitted directly by tenants of the Property into an Eligible Account (the “Clearing Account”) maintained by Borrower at a local bank selected by Borrower, which shall at all times be an Eligible Institution (the “Clearing Bank”) as more fully described in the Clearing Account Agreement. A form of tenant direction letter for such purpose is attached hereto as Schedule 1. Without in any way limiting the foregoing, all Rents received by Borrower or Manager shall be deposited into the Clearing Account within one (1) Business Day of receipt. Funds deposited into the Clearing Account shall be swept by the Clearing Bank on a daily basis into Borrower’s operating account at the Clearing Bank, unless a Cash Management Period is continuing, in which event such funds shall be swept on a daily basis into an Eligible Account at the Deposit Bank controlled by Lender (the “Deposit Account”) and applied and disbursed in accordance with this Agreement. Funds in the Deposit Account shall be invested at Lender’s discretion only in Permitted Investments. Lender will also establish subaccounts of the Deposit Account which shall at all times be Eligible Accounts (and may be ledger or book entry accounts and not actual accounts) (such subaccounts are referred to herein as “Subaccounts”). The Deposit Account and any Subaccount will be under the sole control and dominion of Lender, and Borrower shall have no right of withdrawal therefrom. Borrower shall pay for all expenses of opening and maintaining all of the above accounts.

  • Cash Management System Each Borrower shall, and shall cause its Subsidiaries to, establish and maintain the Cash Management Systems described below:

  • Cash Management Systems On or prior to the Closing Date, Borrowers will establish and will maintain until the Termination Date, the cash management systems described in Annex C (the “Cash Management Systems”).

  • Cash Management Agreement 11 SECTION 7 – TAXES, REPORTS AND RECORDS............................................................ 11

  • Cash Management Services Funds received by Transfer Agent in the course of performing its services hereunder will be held in demand deposit bank accounts or money market fund accounts in the name of Transfer Agent (or its nominee) as agent for the Funds.

  • Cash Management Services Sublimit Borrower may, following the Account Transition Period, use the Revolving Line for Bank’s cash management services, which may include merchant services, direct deposit of payroll, business credit card, and check cashing services identified in Bank’s various cash management services agreements (collectively, the “Cash Management Services”), in an aggregate amount not to exceed the lesser of (A) Two Million Dollars ($2,000,000), minus (i) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve), and minus (ii) the FX Reduction Amount, or (B) the lesser of Revolving Line or the Borrowing Base, minus (i) the sum of all outstanding principal amounts of any Advances, minus (ii) the Dollar Equivalent of the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit and any Letter of Credit Reserve), and minus (iii) the FX Reduction Amount. Any amounts Bank pays on behalf of Borrower for any Cash Management Services will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances.

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