Cash Management Line definition

Cash Management Line shall have the meaning assigned to such term in Section 6.01(w).
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Cash Management Line means the unsecured cash management line of credit in the maximum principal amount of Fifteen Million Dollars ($15,000,000) provided by NBD to Borrower, governed by this Agreement, including any renewal or extension thereof.
Sample 1

Examples of Cash Management Line in a sentence

  • As Borrower desires to obtain Advances under the Cash Management Line hereunder, Borrower shall give the Agent and NBD notice thereof by not later than 11:00 a.m. (Indianapolis time), on the proposed Business Day of borrowing.

  • Prior to maturity or Default, outstanding Advances under the Cash Management Line from time to time shall bear interest at a rate per annum equal to the Alternate Base Rate.

  • At any time after any Bank has purchased and funded a participation in a Loan made under the Cash Management Line of Credit, if Bank of America receives any payment on account of such Loan, Bank of America will distribute to such Bank its pro rata share of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Bank's participation was outstanding and funded) in the same funds as those received by Bank of America.

  • Subject to the terms and conditions of this Agreement, from and after the Effective Date and prior to the Facility Termination Date, NBD shall make the Cash Management Line available to Borrower in a maximum principal amount equal to the lesser of (a) the unborrowed portion of its Revolving Loan Commitment, or (b) Fifteen Million Dollars ($15,000,000).

  • Any other provision ------------------------------ of this Agreement to the contrary notwithstanding, Loans under the Cash Management Line of Credit shall constitute Loans for all purposes under this Agreement, shall count against the Available Commitment and shall be evidenced by the Note held by Bank of America.

  • Interest only on the outstanding balance of the Cash Management Line Advances from time to time shall be due and payable throughout the term of the Cash Management Line on the last day of each fiscal quarter of Borrower.

  • Advances under the Cash Management Line shall be evidenced by the Credit Note.

  • If an Exchange Note Servicer Event of Default arises from the failure of the Servicer to perform any of its duties and obligations under the Servicing Agreement with respect to the 2013-A Collateral, the Issuer will take all reasonable steps available to cause the Servicer to remedy such failure.

  • Immediately upon the making of a Loan under the Cash Management Line of Credit, each Bank shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from Bank of America a participation in such Loan in an amount equal to such Bank's Commitment Ratio of the amount of such Loan.

  • SCHEDULE 5.15 TO NOTE PURCHASE AGREEMENT Existing Debt; Unpermitted Liens (i) Existing Debt: Maximum Current Principal Principal Amount Amount Outstanding as of May 22, 1996 Bank Credit Agreement *$160,000,000 First Union $20,150,000 NationsBank -- SouthTrust 25,000,000 Sun Bank 23,437,500 SunTrust 23,437,500 Commercial Paper *35,000,000 34,865,000 SunTrust Cash Management Line 6,000,000 80,000 Bridge Loan 55,000,000 32,335,000 Mortgages: Barnett Bank 31,095 Darrell and Betty Jo Canady 62,394 J.

Related to Cash Management Line

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

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among Administrative Borrower or one of its Subsidiaries, Agent, and one of the Cash Management Banks.

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

  • 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 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 Reserves means such reserves as the 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 Systems has the meaning ascribed to it in Section 1.8.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management System shall have the meaning assigned to such term in Section 9.01(e).

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Order means an order of the Bankruptcy Court, in form and substance acceptable to the Required Lenders, (i) approving and authorizing the Loan Parties to use existing cash management system, (ii) authorizing and directing banks and financial institutions to honor and process checks and transfers, (iii) authorizing continued use of intercompany transactions, (iv) waiving requirements of Section 345(b) of the Bankruptcy Code and (v) authorizing the Loan Parties to use existing bank accounts and existing business forms.

  • Cash Management Obligations means obligations owed by the Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • Cash Manager means Northern Rock or such other person or persons for the time being acting, pursuant to the Cash Management Agreement, as agent for the Mortgages Trustee, Funding and (following enforcement of the Funding Security) the Security Trustee for the purposes of, inter alia, managing all cash transactions and maintaining certain ledgers on behalf of the Mortgages Trustee, Funding and (following enforcement of the Funding Security) the Security Trustee;

  • 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.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Overdraft Obligations means, with respect to any Portfolio, the amount of any outstanding Overdraft(s) provided by the Custodian to such Portfolio together with all accrued interest thereon.

  • Swap Contracts means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

  • Hedging Arrangements means, with respect to any Person, any agreements or other arrangements (including interest rate swap agreements, interest rate cap agreements and forward sale agreements) entered into to protect that Person against changes in interest rates or the market value of assets.

  • Management Agreements shall have the meaning provided in Section 5.05.

  • Overdraft Facility or ‘Facility’ means an authorised debit balance that may be offered to you at our discretion from time to time allowing your Account to go overdrawn up to an agreed Overdraft Limit.

  • 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”.