{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "borrower-shall", "type": "clause", "offset": [5, 19]}, {"key": "establish-and-maintain", "type": "clause", "offset": [58, 80]}, {"key": "cash-management-systems", "type": "definition", "offset": [85, 108]}], "samples": [{"hash": "2cTLNJ2SQyP", "uri": "/contracts/2cTLNJ2SQyP#cash-management-system", "label": "Credit Agreement (Northland Cable Properties Seven Limited Partnership)", "score": 23.1273097992, "published": true}, {"hash": "iUoecCQIheH", "uri": "/contracts/iUoecCQIheH#cash-management-system", "label": "Credit Agreement (Caraustar Industries Inc)", "score": 21.0, "published": true}, {"hash": "8fDmc0EsRbf", "uri": "/contracts/8fDmc0EsRbf#cash-management-system", "label": "Senior Secured, Super Priority Debtor in Possession Credit Agreement (Milacron Inc)", "score": 21.0, "published": true}], "snippet": "Each Borrower shall, and shall cause its Subsidiaries to, establish and maintain the Cash Management Systems described below:", "size": 34, "hash": "fe4b5473dca32e690be9686562adeafd", "id": 1}, {"snippet_links": [{"key": "prior-to-the-closing-date", "type": "clause", "offset": [6, 31]}, {"key": "termination-date", "type": "clause", "offset": [46, 62]}, {"key": "borrower-will", "type": "clause", "offset": [64, 77]}, {"key": "establish-and-maintain", "type": "clause", "offset": [78, 100]}, {"key": "schedule-d", "type": "clause", "offset": [141, 151]}, {"key": "in-respect-of", "type": "definition", "offset": [166, 179]}, {"key": "collateral-shall", "type": "definition", "offset": [184, 200]}, {"key": "lockbox-accounts", "type": "definition", "offset": [243, 259]}, {"key": "in-accordance-with", "type": "clause", "offset": [284, 302]}, {"key": "the-terms", "type": "clause", "offset": [303, 312]}], "samples": [{"hash": "dJcWnCFspl8", "uri": "/contracts/dJcWnCFspl8#cash-management-system", "label": "Loan and Security Agreement (Cover All Technologies Inc)", "score": 23.8692684174, "published": true}, {"hash": "dmbj5b8kUdz", "uri": "/contracts/dmbj5b8kUdz#cash-management-system", "label": "Loan and Security Agreement (Charys Holding Co Inc)", "score": 21.0, "published": true}, {"hash": "8OTk1lwI8Bn", "uri": "/contracts/8OTk1lwI8Bn#cash-management-system", "label": "Loan and Security Agreement (House of Taylor Jewelry, Inc.)", "score": 21.0, "published": true}], "snippet": "On or prior to the Closing Date and until the Termination Date, Borrower will establish and maintain the cash management system described in Schedule D. All payments in respect of the Collateral shall be made to or deposited in the blocked or lockbox accounts described in Schedule D in accordance with the terms thereof.", "size": 33, "hash": "042cf1fe1f2dd60466d59552865adb96", "id": 2}, {"snippet_links": [{"key": "tenant-and-tenant", "type": "clause", "offset": [17, 34]}, {"key": "terms-of-the", "type": "clause", "offset": [76, 88]}, {"key": "cash-management-agreement", "type": "clause", "offset": [89, 114]}, {"key": "to-be-deposited", "type": "definition", "offset": [136, 151]}, {"key": "the-leased-property", "type": "clause", "offset": [221, 240]}, {"key": "to-receive", "type": "definition", "offset": [387, 397]}, {"key": "by-lender", "type": "definition", "offset": [427, 436]}, {"key": "without-limitation", "type": "clause", "offset": [481, 499]}, {"key": "amounts-deposited", "type": "definition", "offset": [501, 518]}, {"key": "escrow-account", "type": "clause", "offset": [612, 626]}, {"key": "during-the-term", "type": "clause", "offset": [657, 672]}, {"key": "deposit-credit", "type": "clause", "offset": [703, 717]}, {"key": "by-or-on-behalf-of", "type": "definition", "offset": [755, 773]}, {"key": "sum-of", "type": "clause", "offset": [825, 831]}, {"key": "funds-deposited", "type": "clause", "offset": [845, 860]}, {"key": "operating-expense-subaccount", "type": "definition", "offset": [870, 898]}, {"key": "the-ground-lease", "type": "clause", "offset": [903, 919]}, {"key": "allocated-share", "type": "definition", "offset": [991, 1006]}, {"key": "insurance-escrow", "type": "clause", "offset": [1061, 1077]}, {"key": "relating-to", "type": "definition", "offset": [1134, 1145]}, {"key": "insurance-to-be-provided-by-tenant", "type": "clause", "offset": [1146, 1180]}, {"key": "the-payment", "type": "clause", "offset": [1286, 1297]}, {"key": "other-amounts", "type": "definition", "offset": [1324, 1337]}, {"key": "responsibility-of-tenant", "type": "clause", "offset": [1401, 1425]}, {"key": "payment-of-fixed-rent", "type": "definition", "offset": [1491, 1512]}, {"key": "percentage-rent", "type": "clause", "offset": [1514, 1529]}, {"key": "if-applicable", "type": "clause", "offset": [1536, 1549]}, {"key": "additional-charges", "type": "clause", "offset": [1555, 1573]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [1648, 1674]}, {"key": "monthly-debt-service", "type": "definition", "offset": [1779, 1799]}, {"key": "in-respect-of", "type": "definition", "offset": [1800, 1813]}, {"key": "to-the-extent", "type": "clause", "offset": [2199, 2212]}, {"key": "excess-receipts", "type": "definition", "offset": [2218, 2233]}, {"key": "available-to", "type": "definition", "offset": [2234, 2246]}, {"key": "to-landlord", "type": "definition", "offset": [2301, 2312]}, {"key": "excess-funds", "type": "definition", "offset": [2331, 2343]}, {"key": "landlord-shall", "type": "clause", "offset": [2372, 2386]}, {"key": "the-rent", "type": "clause", "offset": [2416, 2424]}, {"key": "the-excess", "type": "clause", "offset": [2572, 2582]}, {"key": "as-directed", "type": "definition", "offset": [2648, 2659]}, {"key": "from-time-to-time", "type": "clause", "offset": [2670, 2687]}, {"key": "any-excess", "type": "definition", "offset": [2696, 2706]}, {"key": "the-interest-rate", "type": "clause", "offset": [2960, 2977]}, {"key": "by-landlord", "type": "clause", "offset": [3012, 3023]}, {"key": "payment-of-rent", "type": "clause", "offset": [3038, 3053]}, {"key": "future-periods", "type": "clause", "offset": [3057, 3071]}, {"key": "hereby-waives", "type": "clause", "offset": [3095, 3108]}, {"key": "right-to-enforce", "type": "clause", "offset": [3113, 3129]}, {"key": "paid-in-full", "type": "clause", "offset": [3268, 3280]}, {"key": "subject-to", "type": "definition", "offset": [3334, 3344]}, {"key": "in-all-respects", "type": "clause", "offset": [3361, 3376]}, {"key": "the-loan-documents", "type": "clause", "offset": [3393, 3411]}, {"key": "in-accordance-with", "type": "clause", "offset": [3412, 3430]}, {"key": "the-terms-and-provisions", "type": "clause", "offset": [3431, 3455]}, {"key": "section-111", "type": "clause", "offset": [3459, 3471]}, {"key": "landlord-and-tenant", "type": "clause", "offset": [3473, 3492]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [3524, 3550]}, {"key": "amendment-of-the-terms", "type": "clause", "offset": [3632, 3654]}, {"key": "method-of", "type": "clause", "offset": [3772, 3781]}, {"key": "application-of-receipts", "type": "clause", "offset": [3786, 3809]}, {"key": "other-payments", "type": "definition", "offset": [3813, 3827]}, {"key": "original-lease-agreement", "type": "definition", "offset": [3887, 3911]}, {"key": "amended-and-restated", "type": "definition", "offset": [3922, 3942]}], "samples": [{"hash": "5K9nNT8aH36", "uri": "/contracts/5K9nNT8aH36#cash-management-system", "label": "Lease Agreement (ESH Hospitality, Inc.)", "score": 24.8795337677, "published": true}, {"hash": "aejlT1CSry", "uri": "/contracts/aejlT1CSry#cash-management-system", "label": "Lease Agreement (ESH Hospitality LLC)", "score": 24.8302536011, "published": true}], "snippet": "Landlord directs Tenant and Tenant acknowledges and agrees, pursuant to the terms of the Cash Management Agreement, to deposit or cause to be deposited, and to cause Manager to deposit, all Receipts from the operation of the Leased Property and the Hotels into the Cash Management System so long as any amounts under the Loan are outstanding. Landlord hereby expressly authorizes Tenant to receive any and all amounts released by Lender from the Cash Management System, including, without limitation, amounts deposited by Lender into any remainder account or subaccount or released by Lender from any reserve or escrow account or subaccount. For each month during the Term, the difference (the \u201cMonthly Deposit Credit\u201d) between (a) all Receipts deposited by or on behalf of Tenant into the Cash Management System and (b) the sum of (i) any such funds deposited into the operating expense subaccount and the ground lease subaccount thereunder on account of the Leased Property, plus (ii) the allocated share of funds deposited by or on behalf of Tenant into the insurance escrow subaccount thereunder on account of the Leased Property relating to insurance to be provided by Tenant under Section 9.1(b), plus (iii) any other such funds deposited into any other subaccount thereunder for the payment of any costs, expenses or other amounts on account of the Leased Property the payment of which are the responsibility of Tenant under the Lease, shall be deemed to offset and be applied to the payment of Fixed Rent, Percentage Rent, and, if applicable, any Additional Charges, respectively (and applied in that order), owed by Tenant for such month. For the avoidance of doubt, funds deposited into the Cash Management System (including any subaccounts thereof) for the payment of monthly debt service in respect of the Loan and any costs, expenses or other amounts the payment of which are not the responsibility of Tenant under the Lease, shall constitute the Monthly Deposit Credit and shall be deemed to offset and be applied to the payment of Fixed Rent, Percentage Rent, and, if applicable, any Additional Charges, respectively (and applied in that order), owed by Tenant for such month. If and to the extent that excess Receipts available to be released by Lender from the Cash Management System to Landlord (such funds, the \u201cExcess Funds\u201d) and released to Landlord, Landlord shall (A) calculate the balance of the Rent (the \u201cRent Balance\u201d), if any, owed by Tenant for such month after taking into account the Monthly Deposit Credit, (B) deduct the Rent Balance from the Excess Funds and (C) disburse the remaining Excess Funds, if any, to or as directed by Tenant from time to time. If (x) any Excess Funds are retained in the Cash Management System and (y) the Monthly Deposit Credit exceeds the amount of the Rent owed by Tenant for any given month (the \u201cExcess Monthly Deposit Credit\u201d), then the Excess Monthly Deposit Credit shall accrue interest at the Interest Rate until paid or otherwise satisfied by Landlord or applied as payment of rent in future periods; provided, that Tenant hereby waives its right to enforce or collect Excess Monthly Deposit Credits in cash against Landlord until the date which is 12 months after the Loan has been indefeasibly paid in full and any such Excess Monthly Deposit Credits shall be subject to and subordinate in all respects to the Loan and the Loan Documents in accordance with the terms and provisions of Section 11.1. Landlord and Tenant acknowledge that the foregoing provisions of this Section 11.5 do not constitute, and shall not be construed as, a waiver, modification or amendment of the terms or provisions of any Cash Management System or of the manner, timing, priority, amounts, sequence of distribution or method of the application of Receipts or other payments under any Cash Management System.\u201d\n(j) Section 11.6 of the Original Lease Agreement is hereby amended and restated in its entirety as follows:", "size": 30, "hash": "4c3e570492fb30e46bba372e7142f7e4", "id": 3}, {"snippet_links": [{"key": "latest-maturity-date", "type": "definition", "offset": [14, 34]}, {"key": "the-borrowers", "type": "definition", "offset": [36, 49]}, {"key": "on-the-effective-date", "type": "clause", "offset": [74, 95]}, {"key": "post-office-boxes", "type": "clause", "offset": [132, 149]}, {"key": "the-us", "type": "clause", "offset": [153, 160]}, {"key": "from-time-to-time", "type": "clause", "offset": [251, 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[1065, 1076]}, {"key": "the-applicable", "type": "clause", "offset": [1106, 1120]}, {"key": "access-to", "type": "definition", "offset": [1240, 1249]}, {"key": "prior-written-consent", "type": "clause", "offset": [1369, 1390]}, {"key": "schedule-of", "type": "definition", "offset": [1436, 1447]}, {"key": "the-loan-parties", "type": "definition", "offset": [1481, 1497]}, {"key": "with-respect-to", "type": "clause", "offset": [1524, 1539]}, {"key": "the-account", "type": "clause", "offset": [1561, 1572]}, {"key": "the-depository", "type": "clause", "offset": [1633, 1647]}, {"key": "after-the-effective-date", "type": "clause", "offset": [1738, 1762]}, {"key": "reasonable-discretion", "type": "definition", "offset": [1831, 1852]}, {"key": "applicable-loan-party", "type": "definition", "offset": [1860, 1881]}, {"key": "as-of-the-effective-date", "type": "clause", "offset": [2052, 2076]}, {"key": "on-schedule", "type": "definition", "offset": [2084, 2095]}, {"key": "entered-into", "type": "clause", "offset": [2237, 2249]}, {"key": "a-loan", "type": "definition", "offset": [2253, 2259]}, {"key": "subject-to-the", "type": "definition", "offset": [2273, 2287]}, {"key": "term-loan-intercreditor-agreement", "type": "definition", "offset": [2292, 2325]}, {"key": "notice-thereof", "type": "clause", "offset": [2434, 2448]}, {"key": "to-transfer", "type": "clause", "offset": [2481, 2492]}, {"key": "day-of", "type": "clause", "offset": [2510, 2516]}, {"key": "cash-receipts", "type": "clause", "offset": [2531, 2544]}, {"key": "sale-of-collateral", "type": "definition", "offset": [2586, 2604]}, {"key": "collections-of-accounts", "type": "clause", "offset": [2627, 2650]}, {"key": "at-any-time", "type": "clause", "offset": [2741, 2752]}, {"key": "cash-or-cash-equivalents", "type": "definition", "offset": [2788, 2812]}, {"key": "abl-priority-collateral", "type": "clause", "offset": [2822, 2845]}, {"key": "owned-by", "type": "definition", "offset": [2868, 2876]}, {"key": "any-loan", "type": "clause", "offset": [2877, 2885]}, {"key": "excluded-accounts", "type": "definition", "offset": [3052, 3069]}, {"key": "require-the", "type": "clause", "offset": [3101, 3112]}, {"key": "all-funds", "type": "clause", "offset": [3166, 3175]}, {"key": "fifth-third", "type": "definition", "offset": [3276, 3287]}, {"key": "the-foregoing", "type": "definition", "offset": [3304, 3317]}, {"key": "the-request", "type": "clause", "offset": [3353, 3364]}, {"key": "provide-the-administrative-agent", "type": "clause", "offset": [3417, 3449]}, {"key": "the-blocked-accounts", "type": "clause", "offset": [3488, 3508]}, {"key": "satisfaction-of", "type": "clause", "offset": [3550, 3565]}, {"key": "daily-basis", "type": "definition", "offset": [3820, 3831]}, {"key": "event-of-default-exists", "type": "clause", "offset": [3911, 3934]}, {"key": "delivery-to-the", "type": "clause", "offset": [4059, 4074]}, {"key": "blocked-account-agreements", "type": "definition", "offset": [4111, 4137]}, {"key": "consistent-with", "type": "definition", "offset": [4181, 4196]}, {"key": "to-the-extent", "type": "clause", "offset": [4201, 4214]}, {"key": "required-by", "type": "definition", "offset": [4215, 4226]}, {"key": "section-26", "type": "clause", "offset": [4250, 4261]}, {"key": "agent-shall", "type": "definition", "offset": [4342, 4353]}, {"key": "notice-of", "type": "clause", "offset": [4406, 4415]}, {"key": "to-open", "type": "clause", "offset": [4430, 4437]}, {"key": "notify-the", "type": "clause", "offset": [4509, 4519]}, {"key": "new-account", "type": "definition", "offset": [4651, 4662]}, {"key": "sole-control", "type": "definition", "offset": [4959, 4971]}, {"key": "funds-in", "type": "definition", "offset": [5007, 5015]}, {"key": "at-all-times", "type": "definition", "offset": [5071, 5083]}, {"key": "control-of-the", "type": "clause", "offset": [5115, 5129]}, {"key": "each-loan-party", "type": "definition", "offset": [5152, 5167]}, {"key": "withdrawal-from-the", "type": "clause", "offset": [5240, 5259]}, {"key": "funds-on-deposit", "type": "clause", "offset": [5289, 5305]}, {"key": "collateral-security", "type": "definition", "offset": [5366, 5385]}, {"key": "the-obligations", "type": "clause", "offset": [5397, 5412]}, {"key": "subject-to-section", "type": "clause", "offset": [5455, 5473]}, {"key": "funds-received", "type": "definition", "offset": [5515, 5529]}, {"key": "aggregate-amount", "type": "definition", "offset": [5573, 5589]}, {"key": "equal-to", "type": "definition", "offset": [5590, 5598]}, {"key": "the-revolving-loans", "type": "clause", "offset": [5737, 5756]}, {"key": "notice-by-the-administrative-agent", "type": "clause", "offset": [5791, 5825]}, {"key": "provided-that", "type": "definition", "offset": [5844, 5857]}, {"key": "in-no-event-shall", "type": "clause", "offset": [5859, 5876]}, {"key": "immediately-available-funds", "type": "clause", "offset": [5959, 5986]}, {"key": "in-the-event", "type": "clause", "offset": [6014, 6026]}, {"key": "notwithstanding-the-provisions-of", "type": "clause", "offset": [6033, 6066]}, {"key": "related-to", "type": "clause", "offset": [6214, 6224]}, {"key": "proceeds-and-collections", "type": "clause", "offset": [6242, 6266]}, {"key": "held-in-trust", "type": "clause", "offset": [6331, 6344]}, {"key": "other-funds", "type": "clause", "offset": [6448, 6459]}, {"key": "amounts-received", "type": "clause", "offset": [6704, 6720]}, {"key": "the-operating-account", "type": "clause", "offset": [6906, 6927]}, {"key": "the-disbursement-account", "type": "clause", "offset": [7031, 7055]}, {"key": "written-direction", "type": "definition", "offset": [7130, 7147]}, {"key": "of-the-borrower", "type": "clause", "offset": [7148, 7163]}, {"key": "in-accordance-with-the-agreement", "type": "definition", "offset": [7173, 7205]}, {"key": "revolving-loans-and-swing-line-loans", "type": "clause", "offset": [7246, 7282]}, {"key": "the-benefit", "type": "definition", "offset": [7299, 7310]}, {"key": "on-behalf-of", "type": "definition", "offset": [7314, 7326]}, {"key": "pursuant-to", "type": "definition", "offset": [7342, 7353]}, {"key": "section-24", "type": "definition", "offset": [7412, 7423]}], "samples": [{"hash": "bcEyqiwN5AN", "uri": "/contracts/bcEyqiwN5AN#cash-management-system", "label": "Abl Credit Agreement (Cumulus Media Inc)", "score": 35.3353881836, "published": true}, {"hash": "i2N6KLGTIbb", "uri": "/contracts/i2N6KLGTIbb#cash-management-system", "label": "Abl Credit Agreement (Cumulus Media Inc)", "score": 33.4325790405, "published": true}, {"hash": "SoRiekx1ql", "uri": "/contracts/SoRiekx1ql#cash-management-system", "label": "Abl Credit Agreement (Cumulus Media Inc)", "score": 31.1930179596, "published": true}], "snippet": "(a) Until the Latest Maturity Date, the Borrowers shall (i) (A) establish on the Effective Date and thereafter maintain one or more post office boxes at the U.S. Post Office at such address or addresses as the Administrative Agent may notify Borrower from time to time upon reasonable advance written notice (collectively, \u201cLock Boxes\u201d), and (2) during each Cash Dominion Period request in writing and otherwise take such reasonable steps to ensure that all Account Debtors forward payment directly to such Lock Boxes in the case of paper Remittances and (ii) (A) establish on the Effective Date and thereafter maintain the Collection Account at the Administrative Agent and (B) during each Cash Dominion Period request in writing and otherwise take such reasonable steps to ensure that all Account Debtors forward payment directly to the Collection Account in the case of electronic Remittances. Upon collection into a Lock Box and subject to, and in accordance with, the terms and conditions of the Cash Management Agreements provided by the Administrative Agent to Borrower, all Remittances received in the applicable Lock Box shall be deposited by the Administrative Agent into the Collection Account. The Administrative will have sole access to each Lock Box, and at no time shall the Borrowers remove any item from any Lock Box without the Administrative Agent\u2019s prior written consent.\n(b) Attached hereto as Schedule 2.6(a) is a schedule of all DDAs, that are maintained by the Loan Parties, which Schedule includes, with respect to each depository, (i) the account number(s) maintained with such depository, (ii) the name of the depository and (iii) the name of the Loan Party that maintains such DDA.\n(c) Within ninety (90) days after the Effective Date (or such longer period as the Administrative Agent may agree in its reasonable discretion), each applicable Loan Party will enter into a blocked account agreement (each, a \u201cBlocked Account Agreement\u201d), reasonably satisfactory to the Administrative Agent, with respect to the DDAs existing as of the Effective Date listed on Schedule 2.6(b) attached hereto, other than any such account that is an Excluded Account (the \u201cBlocked Accounts\u201d).\n(d) Each Blocked Account Agreement entered into by a Loan Party shall, subject to the ABL/Term Loan Intercreditor Agreement, permit the Administrative Agent to instruct the depository, during a Cash Dominion Period (and delivery of notice thereof from the Administrative Agent), to transfer on each Business Day of all available cash receipts to the Collection Account, from:\n(i) the sale of Collateral;\n(ii) all proceeds of collections of Accounts; and\n(iii) each Blocked Account (including all cash deposited therein from each DDA). If, at any time during a Cash Dominion Period, any cash or Cash Equivalents that are ABL Priority Collateral (or proceeds thereof) owned by any Loan Party are deposited to any account, or held or invested in any manner, otherwise than in a Blocked Account that is subject to a Blocked Account Agreement (other than Excluded Accounts), the Administrative Agent may require the applicable Loan Party to close such account and have all funds therein transferred to a Blocked Account, the Collection Account or another account maintained with Fifth Third. In addition to the foregoing, during a Cash Dominion Period, at the request of the Administrative Agent, the Loan Parties shall provide the Administrative Agent with an accounting of the contents of the Blocked Accounts, which shall identify, to the reasonable satisfaction of the Administrative Agent, the proceeds from the ABL Priority Collateral which were deposited into a Blocked Account and swept to the Collection Account. During a Cash Dominion Period, all Remittances received in a Blocked Account shall be deposited on a daily basis into the Collection Account.\n(e) Except during a Cash Dominion Period or if an Event of Default exists, the Loan Parties may close DDAs or Blocked Accounts and/or open new DDAs or Blocked Accounts, subject to the execution and delivery to the Administrative Agent of appropriate Blocked Account Agreements (except with respect to Excluded Accounts) consistent with and to the extent required by the provisions of this Section 2.6 and otherwise reasonably satisfactory to the Administrative Agent. The Borrower Agent shall provide the Administrative Agent with prior written notice of its intention to open or close a Blocked Account and the Administrative Agent shall promptly notify the Borrower Agent as to whether the Administrative Agent shall require a Blocked Account Agreement with the Person with whom any such new account will be maintained (it being understood that the Administrative Agent shall not require a Blocked Account Agreement with respect to any Excluded Account).\n(f) Except during a Cash Dominion Period, the Loan Parties may, subject to the ABL/Term Loan Intercreditor Agreement, direct, and shall have sole control over, the manner of disposition of funds in the Blocked Accounts.\n(g) The Collection Account shall at all times be under the sole dominion and control of the Administrative Agent. Each Loan Party hereby acknowledges and agrees that (i) such Loan Party has no right of withdrawal from the Collection Account, (ii) the funds on deposit in the Collection Account shall at all times continue to be collateral security for all of the Obligations, and (iii) during a Cash Dominion Period, subject to Section 4.6(b) and Section 2.6(h), all available funds received in the Collection Account, in excess of an aggregate amount equal to $250,000, will be automatically swept each Business Day from the Collection Account and immediately applied to the outstanding balance of the Revolving Loans, without the need for any further notice by the Administrative Agent to the Borrowers; provided that, in no event shall any amount be so applied unless and until such amount shall have been credited in immediately available funds to the Collection Account. In the event that, notwithstanding the provisions of this Section 2.6, during a Cash Dominion Period, any Loan Party receives or otherwise has dominion and control of any such proceeds or collections related to Collateral, such proceeds and collections shall, subject to the ABL/Term Loan Intercreditor Agreement, be held in trust by such Loan Party for the Administrative Agent, shall not be commingled with any of such Loan Party\u2019s other funds or deposited in any account of such Loan Party and shall promptly be deposited into the Collection Account or dealt with in such other fashion as such Loan Party may be instructed by the Administrative Agent.\n(h) Subject to Section 4.6(b), any amounts received in the Collection Account at any time when all of the Obligations then due have been and remain fully repaid shall, subject to the ABL/Term Loan Intercreditor Agreement, be remitted to the operating account of the Loan Parties.\n(i) Until the Latest Maturity Date, the Borrowers shall maintain, in their names, the Disbursement Account at Administrative Agent into which the Administrative Agent shall, at the written direction of the Borrower Agent or in accordance with the Agreement, from time to time, deposit proceeds of Revolving Loans and Swing Line Loans made to, or for the benefit or on behalf of, the Borrowers pursuant to for use by Borrowers in accordance with the provisions of Section 2.4 of the Agreement.", "size": 29, "hash": "9cae385c982594e531edee2ea43670ea", "id": 4}, {"snippet_links": [{"key": "prior-to-the-closing-date", "type": "clause", "offset": [6, 31]}, {"key": "borrower-will", "type": "clause", "offset": [33, 46]}, {"key": "termination-date", "type": "clause", "offset": [85, 101]}, {"key": "annex-c", "type": "definition", "offset": [143, 150]}], "samples": [{"hash": "i5JLfmKlkNL", "uri": "/contracts/i5JLfmKlkNL#cash-management-system", "label": "Credit Agreement (Uti Worldwide Inc)", "score": 18.0, "published": true}, {"hash": "cIVjwkrC6Ch", "uri": "/contracts/cIVjwkrC6Ch#cash-management-system", "label": "Credit Agreement (Western Digital Corp)", "score": 18.0, "published": true}, {"hash": "aD0cHr7lHjo", "uri": "/contracts/aD0cHr7lHjo#cash-management-system", "label": "Credit Agreement (Western Digital Corp)", "score": 18.0, "published": true}], "snippet": "On or prior to the Closing Date, Borrower will establish and will maintain until the Termination Date, the cash management system described in Annex C (the \"Cash Management System\").", "size": 21, "hash": "ee325e7d694c578355ef45abdbddc8ad", "id": 5}, {"snippet_links": [{"key": "borrower-will", "type": "clause", "offset": [8, 21]}, {"key": "subsidiary-loan-party", "type": "definition", "offset": [33, 54]}, {"key": "at-all-times", "type": "definition", "offset": [58, 70]}, {"key": "schedule-3", "type": "definition", "offset": [124, 134]}, {"key": "senior-subsidiary-security-agreement", "type": "definition", "offset": [142, 178]}, {"key": "comply-with", "type": 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"jvWXUoh3GKj", "uri": "/contracts/jvWXUoh3GKj#cash-management-system", "label": "Credit Agreement (Rite Aid Corp)", "score": 25.2108154297, "published": true}, {"hash": "9AuPu4LOZSE", "uri": "/contracts/9AuPu4LOZSE#cash-management-system", "label": "Credit Agreement (Rite Aid Corp)", "score": 24.1403141022, "published": true}], "snippet": "(a) The Borrower will cause each Subsidiary Loan Party to at all times maintain a Cash Management System that complies with Schedule 3 of the Senior Subsidiary Security Agreement. The Borrower will cause each Subsidiary Loan Party to comply with each obligation thereof under the Cash Management System. The Borrower will cause each Subsidiary Loan Party to comply with each of its obligations under the Cash Management System, and shall cause each Subsidiary Loan Party to use its best efforts to cause any applicable third party to effectuate the Cash Management System.\n(b) Each party hereto authorizes the Administrative Agent and the Collateral Agent to (i) permit the creation by the Grantors of accounts that receive payments in respect of the Securitization Assets and/or Factoring Assets (but not other payments) and (ii) release the security interest of the Collateral Agent for the ratable benefit of the Senior Secured Parties in the Lockbox Account, the Governmental Lockbox Account and/or any accounts created pursuant to clause (i) of this paragraph from the Cash Management System and transfer control of the Lockbox Account, the Governmental Lockbox Account and/or any accounts created pursuant to clause (i) of this paragraph to (A) any Person in connection with a Factoring Transaction permitted by this Agreement for so long as a Factoring Transaction is ongoing or (B) any Person for the benefit of holders of Third Party Interests in respect of a Securitization permitted by this Agreement for as long as any Third Party Interests are outstanding.", "size": 13, "hash": "001dab3c9b67da1f26f490c3b6b6a772", "id": 6}, {"snippet_links": [{"key": "credit-party", "type": "clause", "offset": [5, 17]}, {"key": "establish-and-maintain", "type": "clause", "offset": [62, 84]}, {"key": "cash-management-systems", "type": "definition", "offset": [89, 112]}], "samples": [{"hash": "hYIOj3KrHxu", "uri": "/contracts/hYIOj3KrHxu#cash-management-system", "label": "Credit Agreement (Carlisle Holdings LTD)", "score": 21.0, "published": true}, {"hash": "9V34KFecfxe", "uri": "/contracts/9V34KFecfxe#cash-management-system", "label": "Credit Agreement (Pediatric Services of America Inc)", "score": 21.0, "published": true}, {"hash": "5PYUG1U23pF", "uri": "/contracts/5PYUG1U23pF#cash-management-system", "label": "Credit Agreement (Rowe Companies)", "score": 21.0, "published": true}], "snippet": "Each Credit Party shall, and shall cause its Subsidiaries to, establish and maintain the Cash Management Systems described below:", "size": 12, "hash": "89e785e950512c74eb8b0cefc7f1c6ca", "id": 7}, {"snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [0, 13]}, {"key": "establish-and-maintain", "type": "clause", "offset": [20, 42]}, {"key": "payment-in-full-of-the-obligations", "type": "definition", "offset": [54, 88]}, {"key": "termination-of-the", "type": "clause", "offset": [97, 115]}, {"key": "aggregate-revolving-commitment", "type": "clause", "offset": [116, 146]}, {"key": "cash-management-systems", "type": "definition", "offset": [152, 175]}], "samples": [{"hash": "jRS6V5bwkxj", "uri": "/contracts/jRS6V5bwkxj#cash-management-system", "label": "Credit Agreement (Ramaco Resources, Inc.)", "score": 35.3490753174, "published": true}, {"hash": "glN5sAViEsC", "uri": "/contracts/glN5sAViEsC#cash-management-system", "label": "Credit and Security Agreement (Ramaco Resources, Inc.)", "score": 34.1279945374, "published": true}], "snippet": "The Borrowers shall establish and maintain, until the payment in full of the Obligations and the termination of the Aggregate Revolving Commitment, the cash management systems described below:", "size": 12, "hash": "570b7904b374e50d1b626824ac7f5846", "id": 8}, {"snippet_links": [], "samples": [{"hash": "aD0cHr7lHjo", "uri": "/contracts/aD0cHr7lHjo#cash-management-system", "label": "Credit Agreement (Western Digital Corp)", "score": 18.0, "published": true}, {"hash": "8hsers6p2CS", "uri": "/contracts/8hsers6p2CS#cash-management-system", "label": "Credit Agreement (Western Digital Corp)", "score": 18.0, "published": true}], "snippet": "12 1.9 Fees........................................................................................... 12 1.10", "size": 12, "hash": "dd7b31428bf44f1155baf4aafb126541", "id": 9}, {"snippet_links": [{"key": "the-borrowers", "type": "definition", "offset": [30, 43]}, {"key": "the-agent", "type": "clause", "offset": [69, 78]}], "samples": [{"hash": "gjJvsoEIJOl", "uri": "/contracts/gjJvsoEIJOl#cash-management-system", "label": "Revolving Credit Agreement (Hechinger Co)", "score": 18.0, "published": true}, {"hash": "7L6xKHW1sMb", "uri": "/contracts/7L6xKHW1sMb#cash-management-system", "label": "Credit Agreement (Gs Technologies Operating Co Inc)", "score": 18.0, "published": true}], "snippet": "The cash management system of the Borrowers shall be satisfactory to the Agent.", "size": 9, "hash": "85762a581b787822407368477b239ba1", "id": 10}], "next_curs": "Cl8SWWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjsLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Ih9jYXNoLW1hbmFnZW1lbnQtc3lzdGVtIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Cash Management System", "children": [["costs-of-collection", "Costs of Collection"], ["return-of-funds", "Return of Funds"], ["controlled-disbursement-account", "Controlled Disbursement Account"], ["lockbox", "Lockbox"], ["lockbox-and-security-accounts", "Lockbox and Security Accounts"]], "size": 519, "parents": [["affirmative-covenants", "AFFIRMATIVE COVENANTS"], ["amount-and-terms-of-credit", "Amount and Terms of Credit"], ["miscellaneous", "Miscellaneous"], ["conditions-precedent", "Conditions Precedent"], ["cash-management-systems", "Cash Management Systems"]], "id": "cash-management-system", "related": [["cash-management-systems", "Cash Management Systems", "<strong>Cash Management Systems</strong>"], ["cash-management", "Cash Management", "Cash Management"], ["cash-management-services", "Cash Management Services", "Cash Management Services"], ["cash-management-account", "Cash Management Account", "Cash Management Account"], ["cash-management-arrangements", "Cash Management Arrangements", "Cash Management Arrangements"]], "related_snippets": [], "updated": "2026-07-04T04:24:40+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Cash Management System clause establishes the procedures and requirements for handling, tracking, and controlling the flow of funds within a business or contractual relationship. Typically, it outlines how payments are to be collected, disbursed, and reported, and may specify the use of designated bank accounts or third-party cash management services. This clause ensures transparency and accountability in financial transactions, reducing the risk of mismanagement or disputes over funds."}, "json": true, "cursor": ""}}