Cash Management Account Bank definition

Cash Management Account Bank means the Eligible Institution selected by Lender to maintain the Cash Management Account.
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Cash Management Account Bank as defined in Section 6.10.
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Cash Management Account Bank means PNC Bank, National Association, or any other Eligible Institution selected by Required Lenders.
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Examples of Cash Management Account Bank in a sentence

  • Borrower will cooperate with Lenders’ opening, maintaining, and, if Required Lenders so elect, changing, a Cash Management Account, which shall be an Eligible Account as to which Borrower, Collateral Agent and the Cash Management Account Bank shall have entered into a Cash Management Agreement.

  • Borrower covenants and agrees, upon demand of Required Lenders, to pay (or if applicable reimburse Lenders for) any and all amounts that Lenders may be obligated to pay, or shall have paid, to the Cash Management Account Bank pursuant to the terms and conditions of the Cash Management Agreement.

  • Amounts deposited into the Cash Collateral Reserve are referred to as the “Cash Collateral Funds.” Required Lenders shall have the right, but not the obligation, at any time during the continuance of an Event of Default, in the sole and absolute discretion of Required Lenders, to cause Collateral Agent to direct the Cash Management Account Bank to disburse any Cash Collateral Funds (and any other Collateral) to the Obligations, in such order and in such manner as Required Lenders shall determine.

  • Following written request by Xxxxxxxx after a Trigger Period ends, and provided that no new Trigger Period then exists, Required Lenders shall direct the Cash Management Account Bank to release Cash Collateral Funds to Borrower.


More Definitions of Cash Management Account Bank

Cash Management Account Bank means Xxxxx Fargo Bank, N.A. or any replacement institution designated by the Administrative Agent with the consent of Borrower and Lenders pursuant to the terms of this Agreement to maintain the Cash Management Account.
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Cash Management Account Bank means the Eligible Institution selected by Xxxxxx to maintain the Cash Management Account.
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Cash Management Account Bank means the Eligible Institution selected by Xxxxxx to maintain the Cash Management Account. “Closing Date” means the date of the funding of the Loan. “Closing Date BPO Certificate” means a certificate from RREM in substantially the form of Exhibit G without any material exceptions. “Closing Date DSCR” means 1.29:1.00. “Closing Date HOA Opinions” means the opinions of counsels to Xxxxxxxx executed and delivered on or prior to the Closing Date.
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Cash Management Account Bank means, with respect to each Purchased Asset, the bank administering the Cash Management Account related to such Purchased Asset.
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Related to Cash Management Account Bank

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Designated Account Bank has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that is located within the United States that has been designated as such, in writing, by Borrowers to Agent).

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Cash Manager means Royal Bank of Canada, in its capacity as cash manager under the Cash Management Agreement together with any successor cash manager appointed from time to time;

  • Cash Management Bank means any person that, at the time it enters into a Cash Management Agreement (or on the Closing Date), is an Agent, an Arranger, a Lender or an Affiliate of any such person, in each case, in its capacity as a party to such Cash Management Agreement.

  • Cash Management Obligations means obligations owed by the Company or any Subsidiary to any Lender or a Cash Management Bank in respect of (1) any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds and (2) the Company’s or any Subsidiary’s participation in commercial (or purchasing) card programs at the Lender or any Affiliate (“card obligations”).

  • Cash Management Reserves means such reserves as the Administrative Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among the applicable Credit Party, Agent, and one of the Cash Management Banks.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Blocked Account Agreement means an agreement among the Borrower, the Agent and a Clearing Bank, in form and substance satisfactory to the Agent, concerning the collection of payments which represent the proceeds of Accounts or of any other Collateral.