Cash Management definition

Cash Management means aggregating customer receipts and paying all vendors and other operating requirements.

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Cash Management. Agreements shall have the meaning specified in Section 2.6.6 [Swing Loans Under Cash Management Agreements]. CEA shall mean the Commodity Exchange Act (7 U.S.C.§1 et seq.), as amended from time to time, and any successor statute. CFTC shall mean the Commodity Futures Trading Commission.

Cash Management. Agreements shall have the meaning specified in Section 2.6.6 [Swing Loans Under Cash Management Agreements].

Examples of Cash Management in a sentence

• Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party hereto.

• Each Cash Management Bank or Hedge Bank not a party to the Credit Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX hereof for itself and its Affiliates as if a “Lender” party hereto.

• Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

• The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

• Any amounts Bank pays on behalf of Borrower for any Cash Management Services will be treated as Advances under the Revolving Line and will accrue interest at the interest rate applicable to Advances.

More Definitions of Cash Management

Cash Management means borrowing by a development corporation on behalf of a user to allow the user to manage the

Cash Management. The Loan Parties and their subsidiaries shall establish cash management procedures reasonably acceptable to the Administrative Agent. Subject to exceptions to be mutually agreed, all deposit accounts and securities accounts of the Loan Parties shall be subject to control agreements in favor of the applicable Administrative Agent (such accounts subject to the control of such Administrative Agent, collectively, the “Blocked Accounts”). Upon the occurrence and during the continuation of a Cash Dominion Period (as defined below), the Administrative Agent shall have control over all relevant Blocked Accounts and cause all amounts maintained in deposit accounts (that are Blocked Accounts) to be swept, on a daily basis, to a collection account of the Administrative Agent, to be applied to the outstanding obligations under the Senior Credit Facility. The Borrower, the Guarantors and their subsidiaries will maintain their primary cash management, controlled disbursement and ACH relationship with Administrative Agent and its affiliates.

Cash Management also means minimizing the time elapsing

Cash Management. The Loan Parties shall maintain their cash management system as it existed prior to the Closing Date, with such changes as may be mutually agreed by the Administrative Agent and the Borrower. Each Loan Party will make all such Loan Party’s deposit accounts subject to an account control agreement other than Excluded Accounts (as defined below) (such deposit accounts, collectively, “Controlled Accounts”). Each Controlled Account shall be subject to a control agreement, in form and substance satisfactory to the Administrative Agent, which agreement shall transfer control of such account to the Collateral Agent upon delivery of notice by the Collateral Agent to the financial institution maintaining such account.

Cash Management means Vendor’s Cash Management Services (any or all of which may be provided or supported by a third party but in any event in accordance with Vendor’s standards and at Vendor’s standard fees, unless otherwise agreed to by Vendor) designed to assist Customer in managing the amount of cash maintained in Customer’s ATMs driven/processed by Vendor. Such product/service does not insure nor serve as a guarantee that any ATM will contain any specific level of funds or that it will or will not be completely depleted of funds at any given time. Such product/service also does not guarantee that Customer will realize an increase in revenue as a result of the use of such product/service. Customer acknowledges the use of such product/service requires the use and cooperation of third parties under the control of Customer and not Vendor.

Cash Management means efficient and effective management of funds.

Cash Management. The Borrower will establish a separate "A" account and "B" account with a bank designated by Borrower (the "Clearing Bank") through which all property receipts will be cleared. Borrower will be required to cause its credit card clearing banks and any space tenants to send directly to the Clearing Bank for deposit into an "A" account the applicable payments required to be made on account of the Properties on a daily basis and Borrower shall be required to deposit directly into the "A" account all other proceeds from the operation of the Properties on a daily basis. Until the earlier to occur of (a) the Effective Maturity Date and (b) a default or event of default under the loan documents (each, a "Cash Trap Event"), as such receipts are cleared, the Clearing Bank will transfer them daily from the "A" account to the "B" account, which "B" account is an account not subject to any restriction and is under the sole control of Borrower. Upon a Cash Trap Event, as such receipts are cleared, the Clearing Bank, upon notice from Capital America, will transfer them daily during such transfer period, commencing on the 12th day of each month, from the "A" account to an account owned and controlled by Capital America at a bank selected by Capital America (the "Deposit Bank"). Upon a Cash Trap Event, the Deposit Bank will establish sub-accounts for certain items including ongoing taxes and insurance premiums, ongoing capital expenditures, debt service, seasonality reserves, ground rent and such other reserves as may be required by Capital America based on its due diligence review. The amounts of such reserves are described below in the section entitled "Ongoing Reserves". Once the monthly required amount of each such reserve is on deposit in each subaccount, transfers to the Deposit Bank from the Clearing Bank will stop and cleared funds (other than insurance proceeds and condemnation awards, security deposits and any rent that is paid for more than one month in advance all of which will be transferred to the Deposit Bank, subject to legal and lease requirements in the case of security deposits) will instead be transferred into a "B" account at the Clearing Bank. Prior to the Effective Maturity Date, and provided that there has been no election to accelerate the indebtedness, any funds transferred to the Deposit Bank in excess of the monthly requirement shall be immediately remitted back to the Borrower. Capital America will have a senior security interest in the aforeme...