Bank Account Balances. You agree to maintain a positive balance and not to incur overdrafts. If you manage your Bank Account in such a way that it results in a negative balance or becomes overdrawn, you agree to rectify the matter by transferring sufficient funds from your linked external account to repay the overdrawn balance. Your failure to bring your Bank Account to a positive balance could result in the temporary or permanent suspension of your Bank Account and services. Further consequences may be enacted if you do not remedy the situation in a timely manner and may include: (1) the reporting of your negative balance to a reporting agency; (2) legal action; and/or (3) charging you fees for the overdraft in accordance with our Schedule of Fees.
Bank Account Balances. At the end of each fiscal quarter, a report of all bank balances for each Collateral Account maintained by Borrower Representative and each of its Subsidiaries, together with, at Agent’s request, a copy of associated account statements, with transaction detail.
Bank Account Balances. To Agent, within fifteen (15) Business Days after the end of each Fiscal Month, a report in form and substance reasonably satisfactory to Agent with respect to the bank account balances of Borrower and each other Credit Party.”
Bank Account Balances. On the Closing Date, (a) Surviving Company shall have at least US$20 million in cash in its bank accounts (which amount shall be net of Indebtedness, as defined below, and net of the investment banking fees to be paid by Surviving Company to U.S. Bancorp Xxxxx Xxxxxxx upon the consummation of the transactions contemplated herein) and (b) the Company shall have at least US$20 million in cash (which amount shall be net of Indebtedness). For the purposes of this section 11.02, "Indebtedness" is defined as any encumbrance, lien, claim, or other interest, or any payment obligation arising from, incurred by, created in the course of or in connection with securing the US$20 million in cash described in the foregoing.
Bank Account Balances. Schedule 3.27 sets forth, as of May 20, 2006, the cash balances in the bank accounts of the Companies or the Subsidiaries. Such bank accounts are the only bank accounts that the Companies or Subsidiaries have an interest in, and no other Person (including the Sellers or their Affiliates) has any interest in such accounts.
Bank Account Balances. You agree to maintain a positive balance and not to incur overdrafts. If you manage your Bank Account in such a way that it results in a negative balance or becomes overdrawn, you agree to rectify the matter by transferring sufficient funds from your linked external account to repay the overdrawn balance. Your failure to bring your Bank Account to a positive balance could result in the temporary or permanent suspension of your Bank Account and services. Further consequences may be enacted if you do not remedy the situation in a timely manner and may include: (1) the reporting of your negative balance to a reporting agency; (2) legal action; and/or (3) charging you fees for the overdraft in accordance with our Schedule of Fees. Bank Account Closing If you wish to close your Bank Account with us, you agree to withdrawal all of the funds from your Bank Account and we may require you to notify us of this intention in writing. After a Bank Account is closed, we have no obligation to accept deposits or pay outstanding items but may do so at our discretion. You agree to hold us harmless for refusing to honor any item on a closed Bank Account. If funds remain in the Bank Account after you have notified us of your intent to close your Bank Account, we will require you to submit your request to us in writing and we will return any remaining funds to your linked external account. Any related closing fees will be deducted from the final balance.
