Common use of Operating Cash Clause in Contracts

Operating Cash. All cash held by the Company, Santa ▇▇▇▇▇▇ LP, Santa ▇▇▇▇▇▇ GP, the Pool Companies, and the Facility Owners as of the Closing Date shall be distributed to Transferor at Closing. At Closing, after such distribution, Transferor shall fund in to the operating account of the TRS an amount equal to One Million, Five Hundred Thousand Dollars ($1,500,000.00) in the aggregate for purposes of working capital (the “Operating Cash Infusion”). In no event shall any portion or all of the Operating Cash Infusion be deemed to be part of the Transferor Contribution nor shall Transferor receive any capital account credit for such Operating Cash Infusion under the JV Agreement. Transferee acknowledges and agrees that from and after the Closing Date, to the extent not prohibited by the documents evidencing the Refinancing, (a) working capital will be held in operating accounts owned by the TRS and the Company and (b) FF&E reserves will be held in operating accounts owned by the Company. Transferor and Transferee agree that any such operating accounts may held at Keybank or such other bank or financial institution agreed to by Transferor and Transferee.