Examples of Cash Management System in a sentence
For more information on the Debtors’ cash management systems, see the Debtors’ Motion for Interim and Final Orders (A) Authorizing Continued Use of Existing (I) Cash Management System, (II) Accounts and Business Forms, and (III) Deposit Practices; (B) Maintaining Resident Trust Fund Accounts; (C) For An Extension of Time to Comply with Section 345 of the Bankruptcy Code; and (D) Scheduling a Final Hearing filed at Docket No. 15 in Case No. 17-44642.
Details with respect to the Debtors’ cash management system and bank accounts are also provided in the Cash Management Motion and the Final Order (I) Authorizing the Debtors to (A) Continue to Operate their Cash Management System and Maintain Existing bank Accounts,(B) Continue to Perform Intercompany Transactions, and (C) Maintain Existing Business Forms, and (II) Granting Related Relief [Docket No. 731].
As noted in the Centralized Cash Management System motion filed with the court, such outstanding checks will be covered through a zero balance transfer from the Company's parent company, First Alliance Corporation.
As described in the Motion Of The Debtors For Entry Of Interim And Final Orders (I) Authorizing The Maintenance Of Bank Accounts And Continued Use Of Existing Business Forms, (II) Authorizing The Continued Use Of Existing Cash Management System, And (III) Granting Related Relief (ECF No. 18) (the “Cash Management Motion”), the Debtors utilize a centralized cash management system in the ordinary course of business to collect, concentrate, and disburse funds generated by their operations.
All payments required to be made by Manager under this Agreement for taxes, insurance, operating expenses, capital expenditures and other expenses relating to the Project shall be subject to the terms and provisions of any such Cash Management System.