Examples of Cash Pooling Agreement in a sentence
Especially, but not exclusively the following agreements shall be deemed to be target balancing agreements: Cash Pooling Agreement, Agreement on Cash Concentration Services, Cash Pool Account Agreement, Target (Zero) Balancing Agreement.
Chakroborty, S.K. “Values and Ethics for organizations Theory and practice”, Oxford University Press, New Delhi Course Outcomes:After completion of the course, students should be able to:1.
To allow for consolidated cash management and to mitigate intercompany credit risk, certain Debtors and non-Debtor affiliates entered into that certain Cash Pooling Agreement, dated as of June 10, 2015 (the “Cash Pooling Agreement”), pursuant to which Debtor Pacific Drilling (Gibraltar) Limited (“PDGL” or the “Pool Leader”) acts as a central intercompany “bank” for all participants in the cash-pooling system (the ”Cash Pool,” and such participants, the “Cash Pool Participants”).
The Cash Pooling Agreement also grants the Pool Leader netting and set-off rights with respect to the other Cash Pool Participants.
For so long as any Notes are outstanding, the Issuer will not terminate, novate, amend or modify the Cash Pooling Agreement.