Cash Collections. All Tenant Lessees and all other Persons (other than the Lenders and Agents) remitting funds to the Borrower shall be instructed to remit or deposit all Cash Collections and all other amounts due to the Borrower under the Tenant Leases or otherwise to the Operating Account, and if the Tenant Lessees or such other Persons do not follow said instructions, the Borrower and/or the Servicer shall cause all such cash collections and all other amounts to be immediately deposited into the Operating Account.
Cash Collections. All proceeds received in the Collection Accounts shall be applied to the Revolving Credit Facility in the manner set forth in Section 2.06(c)(i) below.
Cash Collections. All payments received after the Closing by any Operating Company in connection with or arising out of the Business, the Purchased Assets or the Assumed Liabilities for any period after the Closing Date shall be promptly paid over to Buyer (without right of set-off) as promptly as practicable but in no event more than one (1) Business Day after receipt. Any such payment or reimbursement shall: (i) be held by the Person receiving it in trust for Buyer, (ii) be paid over to Buyer without right of set-off as promptly as practicable, and (iii) not constitute property of any Operating Company or such Person. The Operating Companies shall cooperate with Buyer to cause all future payments and reimbursements by any third-party for any period after the Closing Date to be promptly paid directly to Buyer or its designee.
Cash Collections. Not permit, as of the last day of any Computation Period, the average Cash Collection Percentage for all Fiscal Months during that Computation Period to be less than 4.55%. “Cash Collection Percentage” means, the ratio, expressed as a percentage, with respect to a given Fiscal Month, of (a) cash principal payments received (net of refinanced amounts purchased by the Company) on Finance Receivables during that Fiscal Month, to (b) the Gross Finance Receivable Amount as of the first day of that Fiscal Month.
Cash Collections. For each calendar month commencing with the month in which the Closing Date occurs and continuing until reasonably determined by the parties no longer to be necessary, Purchaser and Seller shall, and shall cause their respective Affiliates to, remit all cash collections received by them for the benefit of the other party during the relevant month to be remitted to the party entitled to the benefit thereof as promptly as possible, and in any case within ten (10) business days after the receipt thereof.
Cash Collections. Following the Closing, if the Sellers receive any cash (including, without limitation, cash received with respect to outstanding Accounts Receivable) relating to the Acquired Business, then such cash shall be remitted by wire transfer of immediately available funds to the account(s) designated by the Purchaser within three Business Days after the Sellers' receipt thereof. Following the Closing, if the Purchaser receives any cash payment from any Person with respect to any Excluded Accounts Receivable, which payment is specifically designated by such Person as being made in respect of such Excluded Accounts Receivable, then such cash shall be remitted by wire transfer of immediately available funds to the account(s) designated by the Sellers within three Business Days after the Purchaser's receipt thereof.
Cash Collections. Lender shall have approved Borrower's proposed methods for, and arrangements shall have been made for, submission of Borrower's cash collections to Lender. (h) First
Cash Collections. For ninety (90) days following the Closing ---------------- Date, the Seller will perform a daily sweep of the Bank Accounts into a bank account or accounts designated by the Purchaser. Seller shall provide Purchaser with an accounting of any amounts received in Bank Accounts which represent payment of accounts receivable owed to Seller by carriers, and Purchaser shall, absent dispute, remit any such amounts to Seller.
Cash Collections. Section 11.13.3 of the Credit Agreement is deleted in its entirety and replaced with the following:
Cash Collections. Not permit, as of the last day of any Computation Period, the average Cash Collection Percentage for all Fiscal Months during that Computation Period to be less than the applicable percentage set forth below: Computation Period Ending Cash Collection Percentage Last day of each fiscal quarter ending on or before June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 3.50% Last day of each fiscal quarter ending on or before March 31, 2018, and each June 30, September 30, December 31 and March 31 thereafter 3.75%
