Common use of Cash Management Agreements Clause in Contracts

Cash Management Agreements. (a) Notwithstanding Section 2.8, as soon as possible and, in any event, not later than forty-five (45) days following the Closing Date, the Credit Parties shall deliver to Agent Cash Management Agreements relating to each Cash Management Account maintained by the Credit Parties and such Cash Management Agreements shall be in form and substance satisfactory to Agent in its Permitted Discretion; provided, (i) notwithstanding the foregoing, within five (5) days following the Closing Date, the Credit Parties shall deliver to Agent Cash Management Agreements relating to the Collection Accounts maintained by each Credit Party with ▇▇▇▇▇ Fargo Treasury Management, the form and substance of which shall be satisfactory to Agent in its Permitted Discretion and (ii) no Cash Management Agreement shall be required for the Cash Management Account maintained by Borrower at First National Bank of Omaha so long as the balance in such Cash Management Account does not exceed $500 at any time; and (b) Promptly, and no later than five days following the Closing Date, Borrower shall deliver to First National Bank of Omaha a DDA Notification.