Examples of Cash Pooling Agreement in a sentence
The Cash Pooling Agreement also grants the Pool Leader netting and set-off rights with respect to the other Cash Pool Participants.
To allow for consolidated cash management and to mitigate intercompany credit risk, certain Debtors and non-Debtor affiliates entered into that certain Cash Pooling Agreement, dated as of June 10, 2015 (the “Cash Pooling Agreement”), pursuant to which Debtor Pacific Drilling (Gibraltar) Limited (“PDGL” or the “Pool Leader”) acts as a central intercompany “bank” for all participants in the cash-pooling system (the ”Cash Pool,” and such participants, the “Cash Pool Participants”).
All items of deduction for interest expense for any taxable period that are attributable to the payment of interest by the Partnership to Xxxx Midstream Partners pursuant to the Cash Pooling Agreement with respect to Xxxx Midstream Partners’ positive cash balance for such taxable period shall be allocated to Gathering GP.
All items of deduction for interest expense for any taxable period that are attributable to the payment of interest by the Partnership to Xxxx Midstream Partners pursuant to the Cash Pooling Agreement with respect to Xxxx Midstream Partners’ positive cash balance for such taxable period shall be allocated to Export Logistics GP.
All items of deduction for interest expense for any taxable period that are attributable to the payment of interest by the Partnership to Xxxx Midstream Partners pursuant to the Cash Pooling Agreement with respect to Xxxx Midstream Partners’ positive cash balance for such taxable period shall be allocated to Xxxx TGP GP.