Keeping of Analytical Accounts. In order to allow a Participating Company to follow up, each Business Day, on its Advance or Deposit, as the case may be, taking into account cash flows occurring on the Business Day concerned, the Calculation Agent shall keep an analytical account (the “Analytical Account”). It shall calculate and record for each Business Day: (A) the Cash Surpluses or Cash Shortfalls; and (B) the amount of the Deposit or Advance. Interest shall be recorded on the Analytical Account in accordance with the rules set out in Article 7.3. Polca reserves the right to perform or have performed cash-flow regularisation operations with retroactive effect on the Analytical Accounts concerned during the current financial year.
Appears in 4 contracts
Samples: Cash Pooling Agreement, Cash Pooling Agreement (Brazilian Distribution Co Companhia Brasileira De Distr CBD), Cash Pooling Agreement (Cnova N.V.)
