Cash Management Program definition

Cash Management Program means one or more agreements or arrangements pursuant to which, from time to time, loans, advances or borrowings are made between the Company and one or more Affiliates of the Company, pursuant to term and demand notes for the purpose of efficient cash management. Pursuant to such Cash Management Program, the Company, as a lender, would generally be able to earn a higher rate of return on the loan than it would earn if the funds were invested in other instruments, and the Company, as a borrower, would generally pay a lower rate of interest than it would pay if it borrowed from unrelated parties.

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Cash Management Program means the cash management program of the Swingline Lender and any other cash management or other arrangement which the Borrower and the Swingline Lender agree should be included in the borrowing and repayment of Swingline Loans pursuant to Section 2.2.

Cash Management Program means, as to any Person, (a) any purchasing card program established to enable such Person and staff of such Person to purchase goods and supplies from vendors, (b) any travel and entertainment card program, including purchasing card programs, established to enable headquarters and staff of such Person to make payments for expenses incurred related to travel and entertainment and (c) any payments-on-behalf-of (POBO) or receipts-on-behalf-of (ROBO) programs or (d) any other cash management programs involving any agreement or arrangement to provide treasury management, depository, overdraft, letters of credit, automated clearinghouse, electronic funds transfer, cash pooling and similar programs.

Examples of Cash Management Program in a sentence

• Unless sooner paid pursuant to the provisions hereof or the provisions of any Cash Management Program, the principal of the Swingline Loans shall be paid in full, together with accrued interest thereon, on the Swingline Termination Date.

• Under DriveWealth’s Cash Management Program, free credit balances in the Customer Account will be deposited with DriveWealth, in accordance with the “DriveWealth Cash Management Program Disclosures” available on the Website.

• A description of the Cash Management Program and the specific terms and conditions applicable thereto is contained in the Cash Management Program Supplement to this Agreement.

• Notwithstanding anything in this Section 7.5 to the contrary, the Company and/or its subsidiaries shall maintain such accounts and deposit the funds of the Company and its subsidiaries in such manner as may be required or advisable in connection with (i) the MDC Cash Management Program during the Company’s participation in the program or (ii) an MDC Financing.

• The Customer has reviewed and agreed to the terms as set forth in the DriveWealth Cash Management Program Disclosures.

• This Cash Management Program Supplement (“Supplement”) supplements and is part of Client’s Client Relationship Agreement (the “Agreement”) with ▇▇▇▇▇▇ ▇.

• Partial repayments shall be in an aggregate amount (i) of $1,000,000 or a whole multiple of $500,000 in excess thereof with respect to Base Rate Loans (other than Swingline Loans), (ii) of $1,000,000 or a whole multiple of $500,000 in excess thereof with respect to LIBOR Rate Loans and (iii) permitted pursuant to the Cash Management Program (or as otherwise agreed to by the Swingline Lender and the Borrower) with respect to Swingline Loans.

• Deposits into our Cash Management Account are insured up to a maximum amount of $250,000 per Account Holder at each bank participating in the Custodian’s Cash Management Program.

• Permit the Centralized Cash Management Program to exist after the earlier of (i) the distribution of the Borrower to TXI’s shareholders and (ii) September 30, 2005.

• If any Affiliate of MDC Partners (other than the Company or any of its subsidiaries) fails to meet its obligations under the MDC Cash Management Program, then MDC Partners shall satisfy such obligations to the extent that such Affiliate failed to do so.

More Definitions of Cash Management Program

Cash Management Program. El Paso Corporation’s cash management program applicable to the El Paso Corporation and its Subsidiaries, as in effect from time to time.

Cash Management Program has the meaning set forth in Section 4.11.

Cash Management Program means Enron's existing zero balance cash management program.

Cash Management Program means the Parent's cash management program applicable to the Parent and its subsidiaries, as in effect from time to time; provided, however, that any advances or loans made by the Company or any Restricted Subsidiary to any Affiliate of the Company (other than any Restricted Subsidiary of the Company) are recorded as receivables on the consolidated balance sheet of the Company in accordance with GAAP.

Cash Management Program any cash management program or similar ----------------------- program maintained by the Company or any of its Subsidiaries and operated by a bank or other financial institution.