MASKA CANADA Sample Clauses

MASKA CANADA. Maska Canada shall establish and maintain the Cash Management Systems described below: (1) On or before the Closing Date and until the Termination Date, Maska Canada shall establish lock boxes (each, a "LOCK BOX" and collectively, the "LOCK BOXES") at The Chase Manhattan Bank and National Bank of Canada and shall request in writing and otherwise take such reasonable steps to ensure that all Account Debtors forward payment directly to such Lock Boxes except (i) the proceeds of Maska Canada's cafeteria operations at its Mount Forest facility which are deposited by Maska Canada into the Canadian Dollar operating account (number 3830308321) maintained by Maska Canada in the name of its #1 Apparel Division at The Toronto-Dominion Bank, (ii) payments in respect of sales by Maska Canada to its employees or customers by way of Visa credit card (none of which shall exceed $10,000) which are paid by the obligor into the Canadian Dollar operating account (number 3830308321) maintained by Maska Canada in the name of its #1 Apparel Division at The Toronto-Dominion Bank or (iii) payments in respect of sales by Maska Canada to its employees or customers by way of Visa credit card, which are paid by the obligor into the Canadian Dollar depository account (number 03-556-10) maintained by Maska Canada at Caisse Populaire ▇▇▇▇▇▇▇▇▇▇ (collectively, "MASKA PERMITTED DEPOSITS"). EXECUTION COPY (2) From and including the Closing Date until the Termination Date, Maska Canada shall deposit or cause to be deposited promptly and, in any event, no later than the first business day after the date of receipt thereof (except post-dated cheques which may be held by Maska Canada in accordance with the tri-party blocked account agreements referred to in paragraph (9) below prior to such deposit), all cash, cheques, drafts, wire transfers, money orders, notes or other similar items of payment relating to or constituting payment made in respect of any and all Collateral owned by Maska Canada (whether or not otherwise delivered to a Lock Box), except Maska Permitted Deposits, into Canadian Dollar depository accounts in Maska Canada's name or in the name of its #1 Apparel Division (each a "MASKA BLOCKED ACCOUNT" and, collectively, the "MASKA BLOCKED ACCOUNTS") at National Bank of Canada and US Dollar depository accounts in Maska Canada's name or in the name of its #1 Apparel Division (each a "SPRINGING MASKA BLOCKED ACCOUNT" and, collectively, the "SPRINGING MASKA BLOCKED ACCOUNTS") at The Cha...