US Cash Management Bank definition

US Cash Management Bank means any Person that, (a) at the time it enters into a Cash Management Agreement with a US Credit Party or any US Subsidiary thereof, is a Lender, an Affiliate of a Lender, the Administrative Agent or an Affiliate of the Administrative Agent, or (b) at the time it (or its Affiliate) becomes a Lender (including on the Closing Date), is a party to a Cash Management Agreement with a US Credit Party or any US Subsidiary thereof, in each case in its capacity as a party to such Cash Management Agreement.

US Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is an Agent, a U.S. Lender or an Affiliate of an Agent or a U.S. Lender, in its capacity as a party to such Cash Management Agreement, in each case in respect of services provided under such Cash Management Agreement to a U.S. Loan Party.

US Cash Management Bank means (a) as of the Fourth Restatement Date, PNC Bank National Association and Bank of America, N.A., in their respective capacities as the principal depositary banks for the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors), and (b) at any time after the Fourth Restatement Date, any one or more of the Lenders selected by the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors), in consultation with the Administrative Agent, to become the successor principal depository bank for the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors); provided that, unless the Administrative Agent otherwise consents in writing, no Person shall become the successor “U.S. Cash Management Bank” unless and until such Person shall have entered into a Control Agreement with the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors) and the Administrative Agent in form and substance reasonably acceptable to the Administrative Agent.

Examples of US Cash Management Bank in a sentence

The U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors) will not change the U.S. Cash Management Bank without the prior written consent of the Administrative Agent.
Borrower agrees that it will hold in trust for Lender, as Lender's trustee, any Collections that it receives and immediately will deliver said Collections to Lender or a US Cash Management Bank in their original form as received by Borrower.
The US Loan Parties will not change the US Cash Management Bank without the prior written consent of the US Administrative Agent.
The U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors) will at all times maintain the U.S. Cash Management Bank as their principal depository bank, including for the maintenance of operating, administrative, cash management, collection activity, and other Deposit Accounts for the conduct of their business.
At all times during a Cash Dominion Period, the Grantors shall comply and shall cause the US Cash Management Bank to comply with the provisions of Section 5.12(d) of the Credit Agreement.

US Cash Management Bank has the meaning set forth in Section 2.7(a). ----------------------- --------------

US Cash Management Bank means (a) as of the Second Restatement Date, PNC Bank National Association, in its capacity as the principal depositary bank for the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors), and (b) at any time after the Second Restatement Date, any one or more of the Lenders selected by the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors), in consultation with the Administrative Agent, to become the successor principal depository bank for the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors); provided that, unless the Administrative Agent otherwise consents in writing, no Person shall become the successor “U.S. Cash Management Bank” unless and until such Person shall have entered into a Control Agreement with the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors) and the Administrative Agent in form and substance reasonably acceptable to the Administrative Agent.

US Cash Management Bank means a Cash Management Bank party to a Secured Cash Management Agreement with a U.S. Credit Party or a Restricted Subsidiary of a U.S. Credit Party.

US Cash Management Bank means (a) as of the Effective Date, PNC Bank National Association, in its capacity as the principal depositary bank for the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors), and (b) at any time after the Effective Date, any one or more of the Lenders selected by the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors), in consultation with the Administrative Agent, to become the successor principal depository bank for the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors); provided that, unless the Administrative Agent otherwise consents in writing, no Person shall become the successor “U.S. Cash Management Bank” unless and until such Person shall have entered into a Control Agreement with the U.S. Loan Parties (other than the Canadian Cross-Border Loan Guarantors) and the Administrative Agent in form and substance reasonably acceptable to the Administrative Agent.

US Cash Management Bank means (a) as of the Effective Date, Fifth Third Bank in its capacity as the principal depositary bank for the U.S. Loan Parties, and (b) at any time after the Effective Date, any one or more of the Lenders selected by the U.S. Loan Parties, with the prior written consent of the U.S. Administrative Agent, such consent not to be unreasonably withheld or delayed, to become the successor principal depository bank for the U.S. Loan Parties; provided that, unless the U.S. Administrative Agent otherwise consents in writing, no Person shall become the successor “U.S. Cash Management Bank” unless and until such Person shall have entered into a Deposit Account Control Agreement with the U.S. Loan Parties and the Administrative Agent in form and substance reasonably acceptable to the U.S. Administrative Agent.

US Cash Management Bank means (a) as of the Effective Date, Wachovia Bank, National Association, in its capacity as the principal depositary bank for the US Loan Parties, and (b) at any time after the Effective Date, any one or more of the Lenders selected by the US Loan Parties, with the prior written consent of the US Administrative Agent, to become the successor principal depository bank for the US Loan Parties; provided that, unless the US Administrative Agent otherwise consents in writing, no Person shall become the successor “US Cash Management Bank” unless and until such Person shall have entered into a Control Agreement with the US Loan Parties and the US Administrative Agent in form and substance reasonably acceptable to the US Administrative Agent.