Cash Management Products definition

Cash Management Products means any one or more of the following types of services or facilities extended to Borrower by Agent, any Lender or any Affiliate of Agent or a Lender in reliance on Agent’s or such Lender’s agreement to indemnify such Affiliate: (i) Automated Clearing House (ACH) transactions and other similar money transfer services; (ii) cash management, including controlled disbursement and lockbox services; (iii) establishing and maintaining deposit accounts; and (iv) credit cards or stored value cards.

Cash Management Products means (a) cash and treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts, interstate depository network services, corporate card services and international wire services) and (b) services relating to the establishment and maintenance of deposit accounts.

Cash Management Products means any one or more of the following types of services or facilities extended to the Borrowers by any Lender or an Affiliate of a Lender in reliance on such Lender's agreement to indemnify such Affiliate:

Examples of Cash Management Products in a sentence

• Solely with respect to the Cash Management Products and Services, the terms of all existing agreements related thereto by and between the Debtors and PNC, including, but not limited to, any depository agreement with PNC, shall govern PNC’s postpetition transactions with the Debtors.

• Solely in connection with the Cash Management Products and Services (as defined in the Credit Agreement), PNC is authorized to continue to make advances pursuant to the terms of its existing agreements (in reliance upon section 364(e) of the Bankruptcy Code) with the Debtors, including advancing funds secured by cash deposits held by PNC, and the Debtors are authorized to incur credit in respect of such advances under section 364(a) and (c), as applicable, of the Bankruptcy Code.

• Notwithstanding the foregoing, the PNC Superpriority Claim shall be deemed satisfied upon the later of (i) the expiration of the Challenge Period where no Challenge has been timely filed with respect to the Prepetition Secured Obligations and/or the Prepetition Secured Creditors and the effectiveness of the general release by the Debtors’ estates in paragraph 35 herein; and (ii) termination of all Cash Management Products and Services (as defined in the Prepetition Credit Agreement).

• Notwithstanding the foregoing, the PNC Superpriority Claim shall be deemed satisfied upon the later of (i) the expiration of the Challenge Period where no Challenge has been timely filed with respect to the Prepetition Secured Obligations and/or the Prepetition Secured Creditors and the effectiveness of the general release by the Debtors’ estates in paragraph 36 herein; and (ii) termination of all Cash Management Products and Services (as defined in the Prepetition Credit Agreement).

• The Debtors are authorized to continue to use the Cash Management Products and Services, including, without limitation, the purchase card program between the Debtors and PNC, and incur related Cash Management Liabilities under the terms of the applicable agreements governing such Cash Management Products and Services, the Prepetition Credit Documents, and this Final Order.

More Definitions of Cash Management Products

Cash Management Products means each and any of the following services provided to a Grantor by any Cash Management Bank: (i) credit cards for commercial customers (including, without limitation, commercial credit cards and purchasing cards), (ii) stored value cards and (iii) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return items, overdrafts and interstate depository network services).

Cash Management Products means money market instruments (including cash, bank financing products, fixed time deposits, wholesale deposits, monetary fund and other financial instruments with good liquidity recognized by the Securities and Exchange Commission of the PRC and the People’s Bank of the PRC), highly liquid financial products (T+1) and financial planning initiated and operated by insurance companies.

Cash Management Products means any one or more of the following types of services or facilities extended to any Loan Party by any Agent, any Lender, or any Affiliate of any Agent or a Lender in reliance on such Agent’s or such Lender’s agreement to indemnify such Affiliate: (i) Automated Clearing House (ACH) transactions and other similar money transfer services; (ii) cash management, including controlled disbursement and lockbox services; (iii) establishing and maintaining deposit accounts; and (iv) credit card or stored value cards, in each case, entered into with and provided by a Lender Counterparty.

Cash Management Products means money market instruments (including cash, bank financing products, fixed time deposits, wholesale deposits, monetary fund and other financial instruments with good liquidity recognized by the China Securities Regulatory Commission, China Banking and Insurance Regulatory Commission and the People’s Bank of the PRC), highly liquid financial products (T+1) and financial planning initiated and operated by insurance companies.

Cash Management Products means Bank Products (as defined in the ABL Credit Agreement (or a comparable provision of a loan or credit agreement the debt under which Refinances the ABL Obligations)), including, without limitation, any one or more of the following types of services or facilities extended to any of the Grantors or their Affiliates by the ABL Agent, any Bank Product Provider (as defined in the ABL Credit Agreement) or any Affiliate of the ABL Agent or an ABL Lender in reliance on the ABL Agent’s or such ABL Lender’s agreement to indemnify such Affiliate: (a) credit cards, (b) credit card processing services, (c) debit cards, (d) stored value cards, (e) purchase cards (including so-called “procurement cards” or “P-cards”), (f) transactions under Hedging Agreements; or (g) cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, netting, 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).

Cash Management Products means any one or more of the following types of services or facilities extended to any of the Loan Parties or any of their Subsidiaries: (a) Automated Clearing House (ACH) transactions, electronic funds transfer, and other similar money transfer services; (b) cash management, treasury, overdraft, lockbox arrangements, and other similar services; (c) the establishment and maintenance of depository accounts and other depository services; (d) credit cards, debit cards, or stored value cards; and (e) other similar or related bank products and services.

Cash Management Products means any one or more of the following types of services or facilities extended to any Credit Party by the Agent, any Lender or any Affiliate of a Lender in reliance on such Lender's agreement to indemnify such Affiliate: (i) Automated Clearing House (ACH) transactions; (ii) cash management, including controlled disbursement and lockbox services; and (iii) establishing and maintaining deposit accounts.