Centralized Cash Management System definition

Centralized Cash Management System means the cash management system referred to in Section 5.02(f)(ix) of the Credit Agreement as in effect on the date hereof and described in Schedule 5.01(r) thereof.
Sample 1Sample 2Sample 3
Centralized Cash Management System means an intercompany cash management system in place among the Company and its Subsidiaries.
Sample 1Sample 2Sample 3
Centralized Cash Management System means an intercompany cash management system in place among the Issuer and its Subsidiaries.
Sample 1Sample 2

Examples of Centralized Cash Management System in a sentence

  • 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.

  • Pursuant to the Motion and Order of Debtors and Debtors in Possession for an Order (A) Approving Centralized Cash Management System, Use of Existing Bank Accounts and Business Forms and (B) According Priority Status To All Postpetition Intercompany Claims, the Debtors were authorized to continue to maintain the Prepetition Bank Accounts, as they may be modified pursuant to the terms of the DIP Agreement.

  • In their day to day operations, entities in the ABH Group contribute cash and process disburse ments through the Centralized Cash Management System described above.

  • As additional adequate protection for each Debtor for the continued use of the Centralized Cash Management System, Enron Corp.

  • In the ordinary course of their respective businesses the ACI Group, the BI Group and the DCorp Group use centralized cash management systems (collectively the "Centralized Cash Management System") to collect funds and pay expenses associated with their operations.

  • By Title: Schedule 5.01(r) to the Credit Agreement Description of Centralized Cash Management System: Cash Management Procedures and Intercompany Lending CBI and its subsidiary companies each maintain a cash concentration account at PNC Bank, N.A., in Cincinnati, Ohio.

  • Notwithstanding anything contained in this Order to the contrary, this Order shall not prejudice or have any preclusive effect with respect to any proceeding, motion, objection or claim brought or filed by or through National Energy Production Corp., or any of its creditors, asserting any constructive trust, earmarking or related legal theory with respect to any funds being maintained in the Centralized Cash Management System.

  • Notwithstanding anything to the contrary in this or any prior Order of the Court, the Debtors' authority to continue use of the Centralized Cash Management System is hereby conditioned on the Debtors having no more than $250 million in outstanding DIP Obligations, subject to increase by a maximum amount of $150 million at the final hearing on DIP financing.

  • Except as otherwise required by any applicable cash collateral or postpetition financing orders or the DIP Credit Agreement, the Debtors are authorized to continue to utilize the Centralized Cash Management System as described in the Initial Cash Management Motion.

  • Further, the Debtors are authorized to pay any costs or expenses associated with the maintenance of the Centralized Cash Management System.


More Definitions of Centralized Cash Management System

Centralized Cash Management System means the cash management system referred to in Section 5.02(f)(ix) of the Amended Credit Agreement as in effect on the 16% Notes Closing Date and described on Schedule 5.01(r) thereof.
Sample 1

Related to Centralized Cash Management System

  • Cash Management System shall have the meaning assigned to such term in Section 9.01(e).

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, 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) and other cash management arrangements.

  • Management System means an integrated set of interrelated and documented elements to prevent, control and improve the performance of a facility or group of facilities related to industrial safety, operational safety and environmental protection in the sector which the Contractor shall implement throughout the performance of the Petroleum Activities in compliance with the requirements set forth in Articles 13, 14 and 16 of the Law of the National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector and the other Applicable Laws.

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Database Management System (“DBMS”) is a computer process used to store, sort, manipulate and update the data required to provide Selective Routing and ALI.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • energy management system means a set of interrelated or interacting elements of a plan which sets an energy efficiency objective and a strategy to achieve that objective;

  • Cash Management Reserves means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Property management system means the Contractor’s system or systems for managing and controlling Government property.

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among Administrative Borrower or one of its Subsidiaries, Agent, and one of the Cash Management Banks.

  • Stormwater management system means any equipment, plants,

  • Safety Management System has the meaning given to it in the ISM Code.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.

  • Cash Management Order means an order of the Bankruptcy Court, in form and substance acceptable to the Required Lenders, (i) approving and authorizing the Loan Parties to use existing cash management system, (ii) authorizing and directing banks and financial institutions to honor and process checks and transfers, (iii) authorizing continued use of intercompany transactions, (iv) waiving requirements of Section 345(b) of the Bankruptcy Code and (v) authorizing the Loan Parties to use existing bank accounts and existing business forms.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • settlement system means any infrastructure whether or not connected to the auction platform that can provide settlement services, which may include clearing, netting, management of collateral, or any other services, which ultimately enable the delivery of allowances on behalf of an auctioneer to a successful bidder or its successor in title, and the payment of the sum due by a successful bidder or its successor in title to an auctioneer, carried out through either of the following:

  • Electronic Funds Transfer (EFT) indicator means a four-character suffix to the unique entity identifier. The suffix is assigned at the discretion of the commercial, nonprofit, or Government entity to establish additional System for Award Management records for identifying alternative EFT accounts (see subpart 32.11) for the same entity.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • relevant system means a relevant system for the holding and transfer of shares in uncertificated form;