Accounts and Cash Flow Sample Clauses
The 'Accounts and Cash Flow' clause defines the requirements and procedures for managing financial accounts and monitoring the movement of funds within a contractual relationship. Typically, this clause outlines how accounts should be maintained, the frequency and format of cash flow reporting, and the responsibilities of each party regarding deposits, withdrawals, or transfers. By establishing clear guidelines for financial transparency and accountability, this clause helps prevent disputes over money management and ensures all parties have a shared understanding of the contract's financial operations.
Accounts and Cash Flow. WEST shall, prior to the Initial Closing Date, provide to the Servicer a true and complete list of all the Existing Accounts of each Person within the Serviced Group included among the Assets as of such Initial Closing Date with respect to which any Person within the Serviced Group has authority.
Accounts and Cash Flow. Schedule 4.03 sets forth a true and complete list of all bank or other similar accounts and any other accounts relating to the Aircraft Assets, with respect to which any Person within the LIFT Group, the Security Trustee, the Administrative Agent or any other agent of any of the foregoing has authority and sets forth in reasonable detail a written description of all material arrangements and procedures relating to the flow of cash related to the Aircraft Assets, including wire transfer instructions.
Accounts and Cash Flow. Schedule 3 sets forth as of the date hereof a true and complete list of all bank or other similar accounts that have been opened in respect of the Aircraft relating to the Lease and sets forth in reasonable detail a written description of all material arrangements and procedures, if any, relating to the flow of cash related to the Aircraft relating to the lease, including wire transfer instructions.
Accounts and Cash Flow. WEST shall, prior to the Initial Closing Date, provide to the Servicer a true and complete list of all the Existing Accounts of WEST and each Subsidiary included among the Engine Assets as of such Initial Closing Date with respect to which WEST or any Subsidiary has authority.
Accounts and Cash Flow. Schedule 4.03 sets forth a true and complete list of all bank or other similar accounts and any other accounts relating to the MSA Aircraft Assets, including wire transfer instructions, with respect to which any Person within the Genesis Group, the Security Trustee, the Administrative Agent or any other agent of any of the foregoing has authority. Genesis shall provide the Servicer in reasonable detail with a written description of all material arrangements and procedures relating to the flow of cash related to the MSA Aircraft Assets, including wire transfer instructions.
Accounts and Cash Flow. The MSAF Group shall, prior to the first Delivery Date, provide to the Servicer a true and complete list of all the MSAF Group's bank or other similar accounts relating to the Aircraft Assets, with respect to which the MSAF Group has authority and has provided a reasonably detailed written description to the Servicer of all material arrangements and procedures relating to the flow of cash related to the Aircraft Assets, which list shall become Schedule 4.03 hereto as if part of this Agreement on the date hereof.
Accounts and Cash Flow. (a) Each Borrower shall, simultaneously herewith, establish an Operating Account, into which the respective Borrower shall deposit all revenues, income, sales proceeds, insurance proceeds, rents, refunds, reimbursements or other amounts or proceeds of any kind whatsoever generated by the Properties.
(b) Until deposited into the Operating Account, any Gross Operating Income and other revenue from the Properties held by Borrowers, which are received by or on behalf of or credited to Borrowers after the date hereof, shall be deemed to be collateral and shall be held in trust by it for the benefit, and as the property, of Lender pursuant to the Security Instruments and shall not be commingled with any other funds or property of Borrowers.
(c) Provided no Default exists, amounts deposited into the Operating Account may be transferred at the discretion of Borrower to the Master Operating Account each Business Day.
(d) During the existence of a Default, all Gross Operating Income shall be deposited directly into the Lockbox Account in accordance with the Borrowers Cash Management Agreement and the Guarantor Cash Management Agreement.
(e) Borrowers shall at all times remain responsible to pay debt and operating expenses of each Property, whether or not there are sufficient funds in the Master Operating Account or any Operating Account to pay such costs and expenses.
Accounts and Cash Flow. WEST shall, prior to the Initial Closing Date, provide to the Servicer a true and complete list of all the Existing Accounts of each Person within the Serviced Group included among the Assets as of such Initial Closing Date with respect to which any Person within the Serviced Group has authority. [**] = Portions of this exhibit have been omitted pursuant to a confidential treatment request. Confidential Treatment Requested: Information for which confidential treatment has been requested is omitted and is noted with asterisks. An unredacted version of this document has been filed separately with the Securities and Exchange Commission.
Accounts and Cash Flow. 0 sets forth as of the date hereof a true and complete list of all bank or other similar accounts that have been opened in respect of the Aircraft relating to the Lease and sets forth in reasonable detail a written description of all material arrangements and procedures, if any, relating to the flow of cash related to the Aircraft relating to the lease, including wire transfer instructions.