Foreign Term Loan Priority Collateral Cash Management Clause Samples

Foreign Term Loan Priority Collateral Cash Management. Holdings and each Borrower shall, and shall cause its respective Subsidiaries to, use commercially reasonable efforts to sweep, transfer or otherwise deposit all excess cash that is in any deposit account and securities account that is Foreign Term Loan Priority Collateral to a Proceeds Account located in the UK (for the avoidance of doubt, any prohibition on cash movement due to the ABL Credit Agreement shall not violate this Section 5.18).