Federated Sports Authorization to Use Cash Collateral Sample Clauses

Federated Sports Authorization to Use Cash Collateral. 3 Federated Sports is authorized to use the Cash and Cash Collateral in the amounts and for the purposes set forth in the Federated Sports Budget for the period from February 29, 2012 through March 31, 2012. Federated Sports shall only use Cash Collateral within the time period and category limits set forth in the Federated Sports Budget and only for the periods set forth in the Federated Sports Budget. The amount of such Cash Collateral used during the period shall not exceed the total amount allowed by the Federated Sports Budget. The Debtor shall have the authority to authorize the use of Cash Collateral from the Cash Collateral Account for Federated Sports to conduct its business in strict accordance with the Federated Sports Budget. The Budget Compliance Report, referenced infra, shall also include information regarding any disbursements to or for the benefit of Federated Sports in accordance with the Federated Sports Budget for the prior week. The authorization granted under this Interim Order shall terminate upon the earlier of: (i) March 31, 2012, (ii) entry by the Court of a final order authorizing use of the Lender’s Cash Collateral pursuant to the Motion that expressly supercedes this Interim Order, (iii) entry by the Court of an order denying the Debtor’s or Federated Sports’ authorization to use Cash Collateral; or (iv) at the option of the Lender, upon the occurrence of an Event of Default under paragraph 10 below after notice to the Debtor and Federated Sports (as applicable) and the expiration of a two (2) business day cure period.
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