Centralized Cash Management Program definition

Centralized Cash Management Program means the program through which, until the earlier of (a) the distribution of the Borrower to TXI’s shareholders, and (b) September 30, 2005, TXI may (1) sweep cash from the Borrower’s and its Subsidiaries concentration accounts, which shall reduce the TXI Advance, provided that the amount swept to TXI shall not exceed the outstanding amount of the TXI Advance, or (2) make payments to the Borrower to the extent required by the Borrower for payments, including raw material procurement, payroll and other working capital requirements and capital expenditures which shall increase the TXI Advance; provided that the amount of payments to the Borrower shall not increase the amount of the TXI Advance to an amount in excess of $50,000,000; provided, however, that upon the earlier of (a) the distribution of the Borrower to TXI’s shareholders and (b) September 30, 2005, TXI shall contribute the TXI Advance to the capital of the Borrower.
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Centralized Cash Management Program means the program through which, until the earlier of (a) the distribution of the Company to TXI’s shareholders, and (b) the date that is 60 days after the Issue Date, TXI may (1) sweep cash from the Company’s and its Subsidiaries’ concentration accounts, which shall reduce the TXI Advance; provided that the amount swept to TXI shall not exceed the outstanding amount of the TXI Advance, or (2) make payments to the Company to the extent required by the Company for payments, including raw material procurement, payroll and other working capital requirements and capital expenditures, which shall increase the TXI Advance; provided that the amount of payments to the Company shall not increase the amount of the TXI Advance to an amount in excess of $50.0 million; provided however that upon the earlier of (a) the distribution of the Company to TXI’s shareholders and (b) the date that is 60 days after the Issue Date, TXI shall contribute the TXI Advance to the capital of the Company.
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Examples of Centralized Cash Management Program in a sentence

  • Permit the Centralized Cash Management Program to exist after the earlier of (i) the distribution of the Borrower to TXI’s shareholders and (ii) September 30, 2005.

  • Permit the Centralized Cash Management Program to exist after the earlier of (i) the distribution of Chaparral to the Borrower’s shareholders and (ii) September 30, 2005.

  • TCM Participation in Cox Centralized Cash Management Program — Cox uses a centralized approach to cash management and the financing of all of its operations.

Related to Centralized Cash Management Program

  • Cash Management System shall have the meaning assigned to such term in Section 9.01(e).

  • Cash Management Systems has the meaning ascribed to it in Section 1.8.

  • Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.

  • Cash Management Account has the meaning set forth in Section 2.7(a).

  • Secured Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • Cash Management Services means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Cash Management Reserves means such reserves as the Agent, from time to time, determines in its Permitted Discretion as being appropriate to reflect the reasonably anticipated liabilities and obligations of the Loan Parties with respect to Cash Management Services then provided or outstanding.

  • Guaranteed Cash Management Agreement means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

  • Cash Management Agreement means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

  • Cash Management Agreements means those certain cash management agreements, in form and substance satisfactory to Agent, each of which is among Administrative Borrower or one of its Subsidiaries, Agent, and one of the Cash Management Banks.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Cash Management Order means an order of the Bankruptcy Court, in form and substance acceptable to the Required Lenders, (i) approving and authorizing the Loan Parties to use existing cash management system, (ii) authorizing and directing banks and financial institutions to honor and process checks and transfers, (iii) authorizing continued use of intercompany transactions, (iv) waiving requirements of Section 345(b) of the Bankruptcy Code and (v) authorizing the Loan Parties to use existing bank accounts and existing business forms.

  • Cash Management Document means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management Obligations of any Loan Party.

  • Cash Management Obligation means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person under or in respect of a Cash Management Agreement.

  • Cash Management Obligations means obligations owed by the Borrower or any Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds.

  • Management System means an integrated set of interrelated and documented elements to prevent, control and improve the performance of a facility or group of facilities related to industrial safety, operational safety and environmental protection in the sector which the Contractor shall implement throughout the performance of the Petroleum Activities in compliance with the requirements set forth in Articles 13, 14 and 16 of the Law of the National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector and the other Applicable Laws.

  • Database Management System (“DBMS”) is a computer process used to store, sort, manipulate and update the data required to provide Selective Routing and ALI.

  • Bank Product Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of Secured Bank Product Obligations.

  • Bank Product Reserves means all reserves which the Agent from time to time establishes in its reasonable discretion for the Bank Products then provided or outstanding.

  • Management Services Agreement has the meaning set forth in Section 2.1(d).

  • Management Services Agreements means, collectively, (i) the Management Services Agreement, dated as of August 4, 2020, by and between Peabody Investments Corp. and each of the Client Companies listed on the signature page thereto and (ii) the Management Services Agreement, dated as August 4, 2020, by and between Peabody Energy Australia Pty Ltd and each of the Client Companies listed on the signature page thereto, in each case, as amended, modified or replaced from time to time so long as the amended, modified or new arrangements, taken as a whole at the time such arrangements are entered into, are not materially less favorable to the Main Issuer and its Subsidiaries than those in effect on the Issue Date.

  • Database Management System (DBMS) A system of manual procedures and computer programs used to create, store and update the data required to provide Selective Routing and/or Automatic Location Identification for 911 systems. Day: A calendar day unless otherwise specified. Dedicated Transport: UNE transmission path between one of CenturyLink’s Wire Centers or switches and another of CenturyLink’s Wire Centers or switches within the same LATA and State that are dedicated to a particular customer or carrier. Default: A Party’s violation of any material term or condition of the Agreement, or refusal or failure in any material respect to properly perform its obligations under this Agreement, including the failure to make any undisputed payment when due. A Party shall also be deemed in Default upon such Party’s insolvency or the initiation of bankruptcy or receivership proceedings by or against the Party or the failure to obtain or maintain any certification(s) or authorization(s) from the Commission which are necessary or appropriate for a Party to exchange traffic or order any service, facility or arrangement under this Agreement, or notice from the Party that it has ceased doing business in this State or receipt of publicly available information that signifies the Party is no longer doing business in this State.