Cash Management Terms; Restricted Accounts Sample Clauses

Cash Management Terms; Restricted Accounts. (a) Bonus Interactive has established and currently maintains a deposit account with JX Xxxxxx Cxxxx Bank, National Association (said bank, and any successor bank as hereinafter provided, the “Deposit Bank”), Account No. 418981333 (the “BI Account”), to which all payments, collections, recoveries and proceeds of Accounts, Instruments and General Intangibles of Bonus Interactive (collectively, “BI Collections”) are and shall be deposited by or for the account of Bonus Interactive, including any and all direct deposits made by account debtors and payors thereunder. Lot6 LLC has established and currently maintains a deposit account with Deposit Bank, Account No. 418981325 (the “Lot6 Account” and, together with the BI Account, individually, a “Restricted Account” and, collectively, the “Restricted Accounts”), to which all payments, collections, recoveries and proceeds of Accounts, Instruments and General Intangibles of Lot6 LLC (collectively, “Lot6 Collections” and, together with BI Collections, collectively, the “Collections”) are and shall be deposited by or for the account of Lot6 LLC, including any and all direct deposits made by account debtors and payors thereunder. Bonus Interactive and Lot6 LLC have arranged for Deposit Bank to provide lockbox services pursuant to Deposit Bank's standard procedures and documentation (the "Lockbox Services"), providing for the establishment of a P.O. Box to which all Collections of each such Borrower in the form of checks are to be mailed by the account debtors and payors and deposited by Deposit Bank in such Borrower's Restricted Account.
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Related to Cash Management Terms; Restricted Accounts

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

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

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

  • 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.

  • Deposit Accounts; Credit Card Arrangements (a) Annexed hereto as Schedule 5.21(a) is a list of all DDAs maintained by the Loan Parties as of the Closing Date, which Schedule includes, with respect to each DDA (i) the name and address of the depository; (ii) the account number(s) maintained with such depository; (iii) a contact person at such depository, and (iv) the identification of each Blocked Account Bank.

  • 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.

  • Deposit Account Payments Subsection (b) is amended to read as follows:

  • Payments Received Under the Cash Management Agreement Notwithstanding anything to the contrary contained in this Agreement or the other Loan Documents, and provided no Event of Default has occurred and is continuing, Borrower’s obligations with respect to the payment of the Monthly Debt Service Payment Amount and amounts required to be deposited into the Reserve Funds, if any, shall be deemed satisfied to the extent sufficient amounts are deposited in the Cash Management Account to satisfy such obligations pursuant to this Agreement on the dates each such payment is required, regardless of whether any of such amounts are so applied by Lender.

  • Deposit Accounts; Credit Card Processors Open new DDAs (other than Excluded DDAs and Retail DDAs) unless the Loan Parties shall have delivered to the Agent appropriate Blocked Account Agreements consistent with the provisions of Section 6.12 and otherwise satisfactory to the Agent. No Loan Party shall maintain any bank accounts or enter into any agreements with Credit Card Issuers or Credit Card Processors other than the ones expressly contemplated herein or in Section 6.12 hereof.

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