Cash Pool Sample Clauses
Cash Pool. The Cash Pool is designed to preserve principal value and maintain a high degree of liquidity while providing current income. The Pool’s holdings are comprised of short-term, U.S. dollar denominated debt obligations that fall within the two highest rating categories of nationally recognized credit rating agencies. The objective is based on a 12 to 18-month investment horizon.
Cash Pool. The Cash Pool is designed to preserve principal value and maintain a high degree of liquidity. The objective is based on a 12 to 18-month investment horizon and no investment return.
Cash Pool. 16.1 The Group Companies will be validly and fully released from any cash pooling agreement with effect as of the Closing Date. Any instructions or powers of attorney to banks, brokers or any employees of any member of R&M Group or its Representatives in respect of any bank accounts of Group Companies, in particular with respect to the cash pooling will be cancelled with effect as of the Closing Date.
16.2 Neither any of the Group Companies nor any of the Buyers will be under any obligation or liability resulting from or in connection with the cash pool except for any intercompany receivables and payables covered by the Closing Statement.
Cash Pool. As of the Signing Date, Seller has entered into two cash pool arrangements with the Company which shall be continued until the Closing Date in accordance with Section 4.2.
Cash Pool. 4.1 The Parties acknowledge and agree that KB AG and KE DE have terminated the German Cash Pool Agreement, and any Cash Pool Payables Claims and any Cash Pool Receivables Claims under the German Cash Pool Agreement have been repaid and settled directly between the parties concerned, in each case prior to 31 December 2023.
4.2 The Parties acknowledge and agree that Seller 2 and KE US have terminated the US Cash Pool Agreement, and any Cash Pool Payables Claims and any Cash Pool Receivables Claims under the US Cash Pool Agreement have been repaid and settled directly between the parties concerned, in each case prior to 31 December 2023.
Cash Pool. The cash pooling arrangements between the Group Companies on the one side and Seller or any legal entities controlled by, controlling or under common control with Seller (“Seller´s Affiliates”) on the other side (the “Cash Pool”) will be terminated prior to Closing as described in Schedule 4.1.5, and all Group Companies´ balances to and from the Cash Pool will be settled prior to Closing.