Common use of Enterprise cash management procedures Clause in Contracts

Enterprise cash management procedures. Alcoa and Alumina agree that: (i) subject to Sections 4(a)(v) and 9(c)(iii), each Enterprise Company may not lend to either Alcoa or Alumina, including any Affiliate of Alcoa or Affiliate of Alumina; (ii) each Enterprise Company may not deposit money with Alcoa for cash management purposes; and (iii) notwithstanding Section 4(a)(v) and 9(c)(i), an Enterprise Company may grant a loan to another Enterprise Company, by using: (A) Debt to fund the loan, provided that any such loan is only provided to fund any Enterprise Growth Project; or (B) its Cash Available for Loans to fund the loan, provided that any such loan (1) is only provided for the purposes of meeting the working capital needs of that Enterprise Company and (2) has a term of no longer than six months. (iv) subject to Sections 4(a)(v) and 9 and unless otherwise agreed, loans to either Alcoa or Alumina by the Enterprise will bear interest at LIBOR plus a margin reflecting market spread for similar credit ratings as well as commercial underwriting and commitment fees.

Enterprise cash management procedures. Alcoa and Alumina agree that: (i) subject to Sections 4(a)(v4(v) and 9(c)(iii), each Enterprise Company may not lend to either Alcoa or Alumina, including any Affiliate of Alcoa or Affiliate of Alumina; (ii) each Enterprise Company may not deposit money with Alcoa for cash management purposes; and (iii) notwithstanding Section 4(a)(v) and 9(c)(i), an Enterprise Company may grant a loan to another Enterprise Company, by using: (A) Debt to fund the loan, provided that any such loan is only provided to fund any Enterprise Growth Project; or (B) its Cash Available for Loans to fund the loan, provided that any such loan (1) is only provided for the purposes of meeting the working capital needs of that Enterprise Company and (2) has a term of no longer than six months. (iv) subject to Sections 4(a)(v4(v) and 9 and unless otherwise agreed, loans to either Alcoa or Alumina by the Enterprise will bear interest at LIBOR plus a margin reflecting market spread for similar credit ratings as well as commercial underwriting and commitment fees.