Definition of Treasury Management Obligations


Treasury Management Obligations means, collectively, all obligations and other liabilities of any Loan Parties pursuant to any agreements governing the provision to such Loan Parties of treasury or cash management services, including deposit accounts, funds transfer, automated clearing house, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services.

Examples of Treasury Management Obligations in a sentence

Notwithstanding the foregoing, Secured Swap Obligations and Secured Treasury Management Obligations shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation as the Administrative Agent may request, from the applicable Qualifying Swap Provider or Qualifying Treasury Management Bank, as the case may be.
Notwithstanding the foregoing, Secured Swap Obligations and Secured Treasury Management Obligations shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation as the Administrative Agent may request, from the applicable Qualifying Swap Bank or Qualifying Treasury Management Bank, as the case may be.
Treasury Management Obligations shall not constitute Indebtedness.
Each provider of any such Bank Product Obligations, Treasury Management Obligations or Hedging Obligations that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX hereof for itself and its Affiliates as if a "Lender" party hereto.
In addition, for the avoidance of doubt, if a provider of Bank Product Obligations, Treasury Management Obligations or Hedging Obligations is not a Lender or LC Issuer hereunder, then it shall not have voting or other Lender rights under this Agreement or the other Loan Documents other than sharing in the Collateral and the application of the proceeds thereof as is more specifically set forth in this Agreement and the other Loan Documents.