Cash Management Control Agreements Sample Clauses

Cash Management Control Agreements. Within 45 days or such later date the Administrative Agent agrees to, following the Initial Borrowing Date, (i) the Borrower, the Collateral Agent and the applicable Collection Banks shall have entered into one or more Cash Management Control Agreements pursuant to Section 5.03 with respect to each Collection Account listed on Schedule III, (ii) the Borrower, the Collateral Agent and the applicable banks shall have entered into one or more Cash Management Control Agreements with respect to each other Deposit Account (other than the Excluded Deposit Accounts) and (iii) the Borrower, the Collateral Agent and the applicable bank shall have entered into a Cash Management Control Agreement with respect to the Core Concentration Account.
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Cash Management Control Agreements. Each Grantor shall establish cash management services and obtain Control Agreements pursuant to Section 8.01 of the Financing Agreement.
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Cash Management Control Agreements. (i) Aleris, its Subsidiaries, the Administrative Agent and the applicable Collection Banks shall enter into one or more Cash Management Control Agreements pursuant to Section 5.03 with respect to each Collection Account listed on Part A of Schedule VI, (ii) Aleris and/or its respective Subsidiaries, the Administrative Agent and the applicable banks shall enter into one or more Cash Management Control Agreements with respect to each Disbursement Account set forth on Part B of Schedule VI, (iii) Aleris, the Administrative Agent and the applicable bank shall enter into a Cash Management Control Agreement with respect to the Core U.S. Concentration Account, (iv) the Canadian Borrower, the Administrative Agent and the applicable bank shall enter into a Cash Management Control Agreement with respect to the Core Canadian Concentration Account and (v) the European Borrower, the Administrative Agent and the applicable bank shall enter into a Cash Management Control Agreement with respect to the Core European Concentration Account.
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Cash Management Control Agreements. Within 30 days after the Closing Date (or such later date as may be agreed to by the Administrative Agent), (i) Aleris, its Subsidiaries, the Administrative Agent and the applicable Collection Banks shall have entered into one or more Cash Management Control Agreements pursuant to Section 5.03 with respect to each Collection Account listed on Part A of Schedule VI, (ii) Aleris and/or its respective Subsidiaries, the Administrative Agent and the applicable banks shall have entered into one or more Cash Management Control Agreements with respect to each Disbursement Account set forth on Part B of Schedule VI, (iii) Aleris, the Administrative Agent and the applicable bank shall have entered into a Cash Management Control Agreement with respect to the Core U.S. Concentration Account, (iv) the Canadian Borrower, the Administrative Agent and the applicable bank shall have entered into a Cash Management Control Agreement with respect to the Core Canadian Concentration Account and (v) the European Borrower, the Administrative Agent and the applicable bank shall have entered into a Cash Management Control Agreement with respect to the Core European Concentration Account.
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Cash Management Control Agreements. (a) After the Restatement Effective Date, the Loan Parties, promptly upon the request of the Administrative Agent, shall deliver to the Administrative Agent a schedule of all Deposit Accounts and Securities Accounts that are maintained by the Loan Parties, which Schedule shall include, with respect to each depository, (i) the name and address of such depository, (ii) the account number(s) maintained with such depository, and (iii) a contact person at such depository.
Sample 1
Cash Management Control Agreements. On or prior to the 45th day after the Initial Borrowing Date (or such later date as may be agreed to by the Administrative Agent), (i) Aleris, its Subsidiaries and the Administrative Agent and the applicable Collection Banks shall have entered into one or more Cash Management Control Agreements pursuant to Section 5.03 with respect to each Collection Account listed on Part A of Schedule VII, (ii) Aleris and/or its respective Subsidiaries and the Administrative Agent and the applicable banks shall have entered into one or more Cash Management Control Agreements with respect to each Disbursement Account set forth on Part B of Schedule VII, (iii) Aleris and the Administrative Agent and the applicable bank shall have entered into a Cash Management Control Agreement with respect to the Core U.S. Concentration Account, (iv) the Canadian Borrowers and the Administrative Agent and the applicable bank shall have entered into a Cash Management Control Agreement with respect to the Core Canadian Concentration Account and (v) the European Borrower and the Administrative Agent and the applicable bank shall have entered into a Cash Management Control Agreement with respect to the Core European Concentration Account.
Sample 1

Related to Cash Management Control Agreements

  • Deposit Account Control Agreements the Deposit Account control agreements to be executed by each institution maintaining a Deposit Account for an Obligor, in favor of Agent, for the benefit of Secured Parties, as security for the Obligations.

  • Account Control Agreements Account Control Agreements for all of Borrower’s deposit accounts and accounts holding securities duly executed by all of the parties thereto, in the forms provided by or reasonably acceptable to Lender.

  • Control Agreements (i) Except to the extent otherwise excused by Section 7(k)(iv), each Grantor shall obtain an authenticated Control Agreement (which may include a Controlled Account Agreement), from each bank maintaining a Deposit Account or Securities Account for such Grantor;

  • Deposit Account Control Agreement control agreement satisfactory to Agent executed by an institution maintaining a Deposit Account for an Obligor, to perfect Agent’s Lien on such account.

  • Cash Management Arrangements Borrower shall cause all Rents to be transmitted directly by tenants of the Property into an Eligible Account (the “Clearing Account”) maintained by Borrower at a local bank selected by Borrower, which shall at all times be an Eligible Institution (the “Clearing Bank”) as more fully described in the Clearing Account Agreement. A form of tenant direction letter for such purpose is attached hereto as Schedule 1. Without in any way limiting the foregoing, all Rents received by Borrower or Manager shall be deposited into the Clearing Account within one (1) Business Day of receipt. Funds deposited into the Clearing Account shall be swept by the Clearing Bank on a daily basis into Borrower’s operating account at the Clearing Bank, unless a Cash Management Period is continuing, in which event such funds shall be swept on a daily basis into an Eligible Account at the Deposit Bank controlled by Lender (the “Deposit Account”) and applied and disbursed in accordance with this Agreement. Funds in the Deposit Account shall be invested at Lender’s discretion only in Permitted Investments. Lender will also establish subaccounts of the Deposit Account which shall at all times be Eligible Accounts (and may be ledger or book entry accounts and not actual accounts) (such subaccounts are referred to herein as “Subaccounts”). The Deposit Account and any Subaccount will be under the sole control and dominion of Lender, and Borrower shall have no right of withdrawal therefrom. Borrower shall pay for all expenses of opening and maintaining all of the above accounts.

  • Cash Management Account Borrower hereby represents and warrants to Lender that:

  • Cash Management Systems On or prior to the Closing Date, Borrowers will establish and will maintain until the Termination Date, the cash management systems described in Annex C (the “Cash Management Systems”).

  • Cash Management (a) On or prior to the Closing Date:

  • Cash Management System Each Borrower shall, and shall cause its Subsidiaries to, establish and maintain the Cash Management Systems described below:

  • Control Agreement A control agreement (the “Custodian Control Agreement”), duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.

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