Common use of Recordkeeping and Internal Controls Clause in Contracts

Recordkeeping and Internal Controls. If the Recipient is a debtor as defined under 11 U.S.C. § 101(13), the Payroll Support funds, any claim or account receivable arising under this Agreement, and any segregated account holding funds received under this Agreement shall not constitute or become property of the estate under 11 U.S.C. § 541.

Appears in 29 contracts

Samples: Payroll Support Program Agreement (Harbor Diversified, Inc.), Payroll Support Program Agreement (Mesa Air Group Inc), Payroll Support Agreement (Alaska Air Group, Inc.)

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Recordkeeping and Internal Controls. If the Recipient is a debtor as defined under 11 U.S.C. § 101(13), the Payroll Support funds, any claim or account receivable arising under this Agreement, and any segregated account ​ ​ holding funds received under this Agreement shall not constitute or become property of the estate under 11 U.S.C. § 541.

Appears in 1 contract

Samples: Payroll Support Program Extension Agreement (Skywest Inc)

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