Cash Pooling Arrangement definition

Cash Pooling Arrangement means any netting or set-off arrangement entered into by the Company or any Subsidiary in the ordinary course of its business for the purpose of netting debit and credit balances (including pursuant to cash pooling arrangements in respect of pooled deposit or sweep accounts).

Cash Pooling Arrangement means an arrangement among a single depository institution and two or more Foreign Subsidiaries in the same jurisdiction involving the pooling of cash deposits by such Foreign Subsidiaries for cash management purposes.

Cash Pooling Arrangement means an arrangement among a single depository institution and two or more Non-US Subsidiaries involving the pooling of cash deposits by such Non-US Subsidiaries for cash management purposes. A “Change in Control” shall be deemed to have occurred if at any time (a) any Person or group of Persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended, or the rules of the SEC thereunder) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the SEC) of Equity Interests representing 50% or more in voting power of the outstanding Voting Stock of the Company or (b) a majority of the Board of Directors of the Company shall at any time not consist of (i) individuals who shall have been members of the Board of Directors of the Company on the Effective Date and (ii) individuals whose nomination or election to such Board of Directors shall have been recommended or approved by a vote of a majority of the members of such Board of Directors described in the preceding clause (i) or in this clause (ii).

Examples of Cash Pooling Arrangement in a sentence

• Within 90 days (or such later date as the Agent may agree in its reasonable discretion) of the date of the opening of the Cash Pooling Arrangement, the Agent shall have received, solely with respect to the German Secured Obligations, the executed intercompany note by Milacron B.V. and each German Borrower and each Post-Amendment Effective Date European Guarantor party to the Cash Pooling Arrangement as of the date of the opening of the Cash Pooling Arrangement.

• Upon enquiry from any China Display Qualified Member, the relevant member of TCL Technology Group shall within one business day (or such other time as agreed by the parties) provide an offer specifying the interest rates and terms of TCL Cash Pooling Arrangement (including but not limited to terms in relation to the liability of each participant of the relevant cash pool, as well as the notice period of withdrawal of deposits).

• The Supplemental Agreement seeks to amend and supplement the Master Financial Services (2023-2025) Agreement such that China Display Qualified Members are allowed to participate in the TCL Cash Pooling Arrangement, which offers China Display Qualified Members an additional option to manage their cash balances.

• In view of the size of the cash pool under the TCL Cash Pooling Arrangement, China Display Qualified Members are likely to receive more favourable terms for deposits by participating in the TCL Cash Pooling Arrangement than it would by setting up a separate cash pool or by separately placing similar cash deposits with other banks or financial institutions.

• Once the relevant China Display Qualified Member has signed up with the relevant Pooling Agent, it may participate in the relevant TCL Cash Pooling Arrangement with the same Pooling Agent at its own discretion.

More Definitions of Cash Pooling Arrangement

Cash Pooling Arrangement means any centralized cash pooling arrangement among the Company and any group of its Subsidiaries with a Cash Pooling Bank under which the Company and such Subsidiaries make deposits with and receive advances from such Cash Pooling Bank in order to facilitate the efficient deployment of cash of such Subsidiaries.

Cash Pooling Arrangement means an arrangement among a single depository institution and two or more Non-US Subsidiaries involving the pooling of cash deposits by such Non-US Subsidiaries for cash management purposes.

Cash Pooling Arrangement means the cash pooling arrangement among El Paso and its Affiliates, pursuant to which El Paso and its Affiliates receive substantially all cash due to (and make substantially all payments for) certain of its Affiliates, including Cheyenne Plains Investment, which amounts are reflected as intercompany receivables or payables or as capital contributions and distributions in accordance with GAAP.

Cash Pooling Arrangement means one or more agreements whereby negative and positive cash balances of the bank accounts maintained by SNC or certain Wholly-Owned Subsidiaries of SNC with a bank are set off or netted on a regular basis;

Cash Pooling Arrangement means an arrangement among a single depository institution and two or more Non-US Subsidiaries involving the pooling of cash deposits by such Non-US Subsidiaries for cash management purposes. A “Change in Control” shall be deemed to have occurred if at any time (a) any Person or group of Persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended, or the rules of the SEC thereunder) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the SEC under said Act) of 40% or more in voting power of the outstanding Voting Stock of Holdings, (b) (i) fewer than 75% of the members of the Board of Directors of Holdings shall be (x) individuals who are members of such Board of Directors on the date hereof or (y) individuals whose nomination or election to such Board of Directors was recommended or approved by a vote of at least 75% of the members of the Board of Directors described in the preceding clause (x) or in this clause (y), or (c) either the Company or ASII shall not be a Wholly Owned Subsidiary of Holdings.

Cash Pooling Arrangement means an arrangement among a single depository institution and two or more Non-US Subsidiaries involving the pooling of cash deposits by such Non-US Subsidiaries for cash management purposes. A “Change in Control” shall be deemed to have occurred if at any time (a) any Person or group of Persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended, or the rules of the SEC thereunder) shall have acquired beneficial ownership (within the meaning of Rule 13d-3 of the SEC) of Equity Interests representing 50% or more in voting power of the outstanding Voting Stock of Holdings, (b) a majority of the Board of Directors of Holdings shall at any time not consist of (i) individuals who shall have been members of the Board of Directors of Holdings on the date hereof and (ii) individuals whose nomination or election to such Board of Directors shall have been recommended or approved by a vote of a majority of the members of such Board of Directors described in the preceding clause (i) or in this clause (ii), or (c) either the Company or ASII (or the successor of either such corporation in a merger permitted under Section 6.03(a)(iii)) shall not be a Wholly Owned Subsidiary of Holdings.

Cash Pooling Arrangement means any cross-border bilateral RMB cash pooling or cash concentration arrangement among relevant members of the Group and (as applicable) their Affiliates.