USES OF CASH Sample Clauses

USES OF CASH. Other than in the ordinary course of business, the Company will not make any payments during the period between the date hereof and the Closing Date except for the purpose of paying Taxes, paying rentals or other sums owing by the Company under the Contracts as and when due, discharging rentals and trade payables incurred in the ordinary course of business, and retiring or discharging presently existing indebtedness to financial institutions or other third parties as and when due in accordance with the terms of the notes or other instruments evidencing such indebtedness (but without right of prepayment).
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USES OF CASH. Upon a Change of Control, SkyTerra shall remit to Divco all Excluded Cash, net of any amounts that have been dispensed by SkyTerra; provided that SkyTerra and Divco shall treat any payments of Excluded Cash by SkyTerra to Divco made pursuant to this Section 3.1 as occurring immediately prior to the Distribution.
Sample 1
USES OF CASH. Other than in the ordinary course of business, the Company, Kerbx, xxd GSSWD will not make any payments during the period between the date hereof and the Closing Date except for the purpose of paying Taxes, paying rentals or other sums owing by the Company, Kerbx, xx GSSWD under the Contracts or the Disposal and Brine Agreements as and when due, discharging rentals and trade payables incurred in the ordinary course of business, and retiring or discharging presently existing indebtedness to financial institutions or other third parties as and when due in accordance with the terms of the notes or other instruments evidencing such indebtedness (but without right of prepayment). ARTICLE V OTHER AGREEMENTS OF THE PARTIES Section 5.01 PURCHASER'S DUE DILIGENCE. Purchaser shall have until 6:00 p.m., CST, on March 24, 2000 (the "Inspection Period") to inspect, review, and audit the assets of the Company, Kerbx, xxd GSSWD and all books, records, data, and other information of the Stock Sellers and the Company, Kerbx, xxd GSSWD relating to the business and financial affairs of the Company, Kerbx, xxd GSSWD, the title to and ownership of the assets of the Company, Kerbx, xxd GSSWD, and the conduct of the Businesses. Except as otherwise expressly provided in this Agreement, all expenses incurred by the Purchaser relating to its inspections, reviews, and audits shall be borne and paid exclusively by the Purchaser. The Stock Sellers, the Company, and GSSWD shall cooperate with Purchaser in all reasonable respects in facilitating such inspections, reviews, and audits. Without limiting the foregoing, the Stock Sellers, the Company, and GSSWD agree that, during the Inspection Period and thereafter until Closing, they will (a) provide or cause to be provided to Purchaser and its counsel, accountants, consultants, and other authorized representatives, during normal business hours or otherwise, if necessary, full access to all of the assets, books, agreements, commitments and records of the Company, Kerbx, xxd GSSWD; and (b) furnish Purchaser and its representatives with such data, records, and other information concerning any of the operations and affairs of the Company, Kerbx, xxd GSSWD as Purchaser may reasonably request. If Purchaser shall determine as a result of its inspections, reviews, and audits that the condition or value of or title to the assets of the Company, Kerbx, xx GSSWD or the operations or results of the Company, Kerbx, xx GSSWD are deficient in any materi...
Sample 1

Related to USES OF CASH

  • Types of Cash Accounts Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment.

  • Withdrawals of Capital No Partner may withdraw capital related to such Partner’s GP-Related Partner Interests from the Partnership except (i) for distributions of cash or other property pursuant to Section 5.8, (ii) as otherwise expressly provided in this Agreement or (iii) as determined by the General Partner.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"): (i) a Securities Account in the name of Customer on behalf of each Fund for Financial Assets, which may be received by Bank or its Subcustodian for the account of Customer, including as an Entitlement Holder; and (ii) an account in the name of Customer ("Cash Account") for any and all cash in any currency received by Bank or its Subcustodian for the account of Customer. Notwithstanding paragraph (ii), cash held in respect of those markets where Customer is required to have a cash account in its own name held directly with the relevant Subcustodian shall be held in that manner and shall not be part of the Cash Account. Bank shall notify Customer prior to the establishment of such an account. (b) At the request of Customer, additional Accounts may be opened in the future, which shall be subject to the terms of this Agreement. (c) Except as precluded by Section 8-501(d) of the Uniform Commercial Code ("UCC"), Bank shall hold all Securities and other Financial Assets, other than cash, of a Fund that are delivered to it in a "securities account" with Bank for and in the name of such Fund and shall treat all such assets other than cash as "financial assets" as those terms are used in the UCC.

  • Distributions of Cash Flow Cash flow for each taxable year of the Company shall be distributed to the Member at such times and in such amounts as the Member shall determine.

  • Investment of Cash Collateral Pursuant to the SLA, the Client shall have the right to invest Cash Collateral received in respect of any loan, subject to an obligation, upon the termination of the loan, to return to the Approved Borrower the amount of cash initially pledged (as adjusted for any interim marks-to-market).

  • Collateral Accounts The Borrower agrees and confirms that (a) pursuant to the Collateral Agency Agreement, it has caused to be established at the Collateral Agent each of the Construction Account, Construction Payment Subaccount, Punchlist Retention Subaccount, the Operating Account, the Debt Service Reserve Account, the Debt Service Accrual Account, the Insurance Proceeds Account, the Income Tax Reserve Account, the Distribution Account and the Revenue Account, in each case in the name of the Collateral Agent and (b) it has instructed (or, on or before the effectiveness of each Project Document that is entered into after the date hereof, will instruct) each of the other parties to the Project Documents that all payments constituting Project Revenues due or to become due to the Borrower under or in connection with each such Project Document shall be made directly to the Collateral Agent for deposit to the Revenue Account in accordance with the terms of the Collateral Agency Agreement. If, notwithstanding the foregoing, any such payment or proceeds are remitted directly to the Borrower, the Borrower shall hold such funds in trust for the Collateral Agent and shall promptly remit such payments for deposit to the Revenue Account in accordance with the Collateral Agency Agreement. In addition to the foregoing, the Borrower agrees that if the proceeds of any Collateral hereunder (including the payments made in respect of the Collateral Accounts) shall be received by it, the Borrower shall as promptly as possible transfer such Proceeds to the Collateral Agent for deposit to the Reserve Account. Until so deposited, all such proceeds shall be held in trust by the Borrower for and as the property of the Collateral Agent and shall not be commingled with any other funds or property of the Borrower.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

  • Reserve Accounts All unexpended funds in project reserve accounts shall remain with the project to be used for the benefit of the property and/or its residents.

  • Deposit Accounts and Securities Accounts Set forth on Schedule 4.15 (as updated pursuant to the provisions of the Security Agreement from time to time) is a listing of all of the Loan Parties’ and their Subsidiaries’ Deposit Accounts and Securities Accounts, including, with respect to each bank or securities intermediary (a) the name and address of such Person, and (b) the account numbers of the Deposit Accounts or Securities Accounts maintained with such Person.

  • Business Accounts If you are a business, any authorized user of your business is authorized on such terms, conditions, and agreements as we may require to: • enter into this Agreement, as amended from time to time; • access each account of yours in any manner and for any purpose available through the Service, whether now available or available at some time in the future; and • use any Online banking service in any manner and for any purpose available through the Service, whether now available or available at some time in the future.

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