Outstanding Checks. A report regarding each Borrower’s outstanding checks and similar payment items, substantially in the form as that being provided to the Banks prior to the Sixth Amendment Closing Date; such report to be delivered within three Business Days after the end of each week.
Outstanding Checks. Funds shall remain on deposit at the Closing in each checking account maintained by each of the Subsidiaries sufficient in amount to cover all outstanding checks or drafts against such accounts.
Outstanding Checks. Notwithstanding anything to the contrary herein or in the Disclosure Schedule, as of the Closing, each checking account maintained by the Company has a balance equal to or in excess of the aggregate amount of all outstanding checks or other withdrawals against such checking account.
Outstanding Checks. In the event any check which has been outstanding for greater than six (6) months and thus has been excluded from Checks-in-Transit and is presented for payment after the Closing, Sellers agree to indemnify the Company for the amount of such check and such indemnity obligation shall not be subject to the deductible and Escrow Deposit referenced in Section 8.6.
Outstanding Checks. To the extent any checks issued by Xxxxxxx or Norshield prior to the Closing Date have not cleared as of the Closing Date, Seller will provide funds to the accounts on which such checks are drawn sufficient to honor such checks, said accounts constituting Excluded Assets.
Outstanding Checks. In the event that a check has been disbursed to a vendor for a product or service and the check has not been deposited over a period of at least three months, the Finance Department will contact the vendor to confirm whether it is still in-hand, or whether another check should be reissued. If the check is still in hand, the Finance Department will encourage the vendor to deposit the check within one week. In the event that a vendor requests for a check to be reissued, the Finance Department will inform the CFO of the request and void the original check in the accounting system. The Finance Department will photocopy the backup documentation that was attached to the original payment, obtain approval according to the check approval policies, confirm all vendor information, and send the check to the vendor. In the event the vendor cannot be contacted by phone, letter, or email, the Finance Department will confirm that the CFO and Treasurer are in agreement to write the check off, then make the appropriate entries in the accounting system. In the event the vendor confirms payment was already made via an alternative method not recorded in the accounting system, an investigation will be conducted to understand how the original payment was made and then make the appropriate entries in the accounting system. In the event the outstanding check exceeds $250, the CFO will work with the bank to issue a stop payment on the check to ensure that it is not cashed.
Outstanding Checks. Exclusive of any amounts used in the calculation of the Net Working Capital as described in Section 2, Parent shall ensure that the BHG Companies have adequate cash to pay any outstanding and unpaid checks issued by the BHG Companies as of the Closing Date.
Outstanding Checks. United will place stop payments, at Customer's expense, on all checks United has issued under this Agreement if they have not been twelve months from issuance and report such unclaimed property to Customer.
Outstanding Checks. After the Closing Date, Buyer shall honor all Outstanding Checks which are cashed by the applicable payees.
Outstanding Checks. At the Closing, Seller will have sufficient cash in the appropriate bank account(s) to ensure that there are sufficient funds in each such account to pay, when presented, all the outstanding checks of Seller.
