Examples of Cash Management Order in a sentence
It shall constitute an Event of Default (as defined in the DIP Term Sheet) if the Debtor’s cash management system shall not at all times be maintained in accordance with the terms of the DIP Term Sheet and the Cash Management Order in all material respects, and otherwise in a manner which shall be reasonably satisfactory to the DIP Secured Parties in accordance with the terms of the DIP Loan Documents (including the DIP Term Sheet).
A violation by any Borrower or Subsidiary thereof of any of the provisions of the DIP Orders, the Cash Management Order or the Sale Order occurs.
Material TermSummary Description of Material ProvisionReferenceBankruptcy Rule 4001(b)(1)(B)(ii)Termination Date, solely and exclusively in a manner consistent with the Interim Order, the Cash Management Order, and the Approved Budget.
The Debtor and the financial institutions where the Debtor maintain deposit accounts (as identified in the Cash Management Order) are authorized and directed to remit, without offset or deduction, funds in such deposit accounts upon receipt of any direction to that effect from the DIP Agent (acting at the direction of the DIP Lender).
No Borrower nor any of its Subsidiaries shall amend, modify or waive (or make any payment consistent with an amendment, modification or waiver of), or apply to the Bankruptcy Court for authority to make any amendment, modification or waiver of, any provision of the Interim DIP Order, the Cash Management Order, the Sale Order or the Final DIP Order without in each case the prior written consent of Lender in its sole discretion.