Cash Management After the Distribution Date Clause Samples

Cash Management After the Distribution Date. Marketing shall separate from Getty, and establish and maintain a cash management system and accounting records with respect to the Marketing Business effective as of 12:01 a.m. on the day following the Distribution Date; thereafter, (i) any payments by Getty or its Retained Subsidiaries on behalf of Marketing or the Marketing Subsidiaries in connection with the Marketing Business shall be recorded in the accounts of the Marketing Group as a payable from the Marketing Group to the Getty Group; (ii) any payments by Marketing or the Marketing Subsidiaries on behalf of Getty or its Retained Subsidiaries in connection with the Retained Business shall be recorded in the accounts of the Getty Group as a payable from the Getty Group to the Marketing Group; (iii) any cash payments received by Getty and the Retained Subsidiaries relating to the Marketing Business or the Marketing Assets shall be recorded in the accounts of the Getty Group as a payable from the Getty Group to the Marketing Group; (iv) any cash payments received by Marketing or the Marketing Subsidiaries relating to the Retained Business or the Retained Assets shall be recorded in the accounts of the Marketing Group as a payable from the Marketing Group to the Getty Group; (v) Marketing and Getty shall make adjustments for late deposits, checks returned for not sufficient funds and other post-Distribution Date transactions as shall be reasonable under the circumstances consistent with the purpose and intent of this Agreement; and (vi) the net balance due to the Getty Group or the Marketing Group, as the case may be, in respect of the aggregate amounts of clauses (i), (ii), (iii), (iv) and (v) shall be paid by Marketing or
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Cash Management After the Distribution Date. All ▇▇▇▇▇ cash, depository and disbursement accounts of Hilton (other than the Gaming Group Cash Accounts) shall be retained by Hilton. The Gaming Group Cash Accounts shall be transferred to Gaming Co., and Gaming Co. shall establish and maintain a separate cash management system and separate accounting records with respect to the Gaming Group Business effective as of 12:01 a.m. New York time on the day following the Distribution Date.
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Cash Management After the Distribution Date. All pett▇ ▇▇▇h, depository and disbursement accounts of Company (other than the Non-Mississippi Group Cash Accounts) shall be retained by Company. The Non-Mississippi Group Cash Accounts shall be transferred to Lakes, and Lakes shall establish and maintain a separate cash management system and separate accounting records with respect to the Non-Mississippi Group Business effective as of 12:01 a.m. Minneapolis time on the day following the Distribution Date.
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Cash Management After the Distribution Date. All ▇▇▇▇▇ cash, ------------------------------------------- depository and disbursement accounts of Choice (other than the Retained Cash Accounts) on the Distribution Date shall be transferred to Franchising after the allocations are made pursuant to this Section 2.07. Choice shall retain the Retained Cash Accounts and shall establish and maintain a separate cash management system and accounting records with respect to the Real Estate Group Business effective as of 12:01 a.m. New York time on the day following the Distribution Date.
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Cash Management After the Distribution Date. Legacy shall establish and maintain a separate cash management system and accounting records with respect to the Legacy Business effective as of 12:01 a.m. on the day following the Distribution Date; thereafter, (i) any payments by Excel or EDV on behalf of Legacy in connection with the Legacy Business (including, without limitation, any such payments in respect of Liabilities or other obligations of Legacy under the Administrative Services Agreement) shall be recorded in the accounts of Legacy as a payable to Excel or EDV, as applicable; (ii) any payments by Legacy on behalf of Excel or EDV in connection with the Excel Retained Business or the EDV Retained Business, respectively (including, without limitation, any such payments in respect of Liabilities or other obligations of Excel or EDV under the Administrative Services Agreement), shall be recorded in the accounts of Excel or EDV, as applicable, as a payable to Legacy; (iii) any cash payments received by Excel or EDV relating to the Legacy Business or the Legacy Assets shall be recorded in the accounts of Excel or EDV, as applicable, as a payable to Legacy; (iv) any cash payments received by Legacy relating to the Excel Retained Business, the EDV Retained Business, the Excel Retained Assets or the EDV Retained Assets shall be recorded in the accounts of Legacy as a payable to Excel or EDV, as applicable; (v) Excel, EDV and Legacy shall make adjustments for late deposits, checks returned for not sufficient funds and other post-Distribution Date transactions as shall be reasonable under the circumstances consistent with the purpose and intent of this Agreement; and (vi) the net balance due to Excel, EDV or Legacy, as the case may be, in respect of the aggregate amounts of clauses (i), (ii), (iii), (iv) and (v) shall be paid by Excel, EDV or Legacy, as appropriate, as promptly as practicable. For purposes of this Section 2.07(a), the parties contemplate that the Excel Retained Business, the EDV Retained Business and the Legacy Business, including but not limited to the administration of accounts payable and accounts receivable, will be conducted in the normal course.
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Cash Management After the Distribution Date. The Company has established and maintains separate cash management systems, and maintains separate bank accounts and lockboxes with respect to the MAPICS Business and the Marcam Solutions Business. From and after the Distribution Date, MAPICS shall be entitled to all such accounts and lockboxes related to the MAPICS Business and Marcam Solutions shall be entitled to all such accounts and lockboxes related to the Marcam Solutions Business. Following the Distribution Date (i) MAPICS shall, and shall cause its Affiliates to, remit to Marcam Solutions, no less frequently than weekly, any amounts (net of returned checks and similar items) received by any of them on or after the Distribution Date which constitute Marcam Solutions Assets and (ii) Marcam Solutions shall, and shall cause its Affiliates to, remit to MAPICS, no less frequently than weekly, any amounts (net of returned checks and similar items) received by any of them on or after the Distribution Date which constitute MAPICS Assets.
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Cash Management After the Distribution Date. The ▇▇▇▇▇ cash, depositary and disbursement accounts of the Lodging Business shall be transferred to Choice on the Distribution Date after the allocations are made pursuant to Section 2.07(a)(i) and (ii). Choice shall establish and maintain a separate cash management system and accounting records with respect to the Lodging Business effective as of 12:01 a.m. New York time on the day following the Distribution Date.
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Cash Management After the Distribution Date. PriceSmart shall establish and maintain a separate cash management system and accounting records with respect to the PriceSmart Business effective as of 12:01 a.m. on the day following the Distribution Date; thereafter, (i) any payments by PEI on behalf of PriceSmart or the PriceSmart Subsidiaries in connection with the PriceSmart Business (including, without limitation, any such payments in respect of Liabilities or other obligations of PriceSmart or the PriceSmart Subsidiaries under the Employee Benefits Allocation Agreement) shall be recorded in the accounts of the PriceSmart Group as a payable from the PriceSmart Group to PEI; (ii) any payments by PriceSmart or the PriceSmart Subsidiaries on behalf of PEI in connection with the Retained Business (including, without limitation, any such payments in respect to Liabilities or other obligations of PEI under the Employee Benefits Allocation Agreement) shall be recorded in the accounts of PEI as a payable from PEI to the PriceSmart Group; (iii) any cash payments received by PEI relating to the PriceSmart Business or the PriceSmart Assets shall be recorded in the accounts of PEI as a payable from PEI to the PriceSmart Group; (iv) any cash payments received by PriceSmart or the PriceSmart Subsidiaries relating to the Retained Business or the Retained Assets shall be recorded in the accounts of the PriceSmart Group as a payable from the PriceSmart Group to PEI; (v) PriceSmart and PEI shall make adjustments for late deposits, checks returned for not sufficient funds and other post-Distribution Date transactions as shall be reasonable under the circumstances consistent with the purpose and intent of this Agreement; and (vi) the net balance due to PEI or the PriceSmart Group, as the case may be, in respect of the aggregate amounts of clauses (i), (ii), (iii), (iv) and (v) shall be paid by PriceSmart or PEI, as appropriate, as promptly as practicable. For purposes of this Section 2.06(b), the parties contemplate that the Retained Business and the PriceSmart Business, including but not limited to the administration of accounts payable and accounts receivable, will be conducted in the normal course.
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Cash Management After the Distribution Date. All pett▇ ▇▇▇h, depository and disbursement accounts of CWC on the Distribution Date shall be transferred to Optimum after the allocations are made pursuant to this Section 2.07.
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Related to Cash Management After the Distribution Date

  • Permitted Withdrawals and Transfers from the Distribution Account (a) The Securities Administrator shall, from time to time, withdraw or transfer funds from the Distribution Account to a Servicer, to the Master Servicer, to the Trustee or to itself for the following purposes: (i) to reimburse the Master Servicer or any Servicer for any Advance or advance, respectively, of its own funds or of such Servicer’s own funds, the right of the Master Servicer or a Servicer to reimbursement pursuant to this subclause (i) being limited to amounts received on a particular Mortgage Loan (including, for this purpose, the Purchase Price therefor, Insurance Proceeds and Liquidation Proceeds) which represent late payments or recoveries of the principal of or interest on such Mortgage Loan respecting which such Advance was made; (ii) to reimburse the Master Servicer or any Servicer from Insurance Proceeds or Liquidation Proceeds relating to a particular Mortgage Loan for amounts expended by the Master Servicer or such Servicer in good faith in connection with the restoration of the related Mortgaged Property which was damaged by an Uninsured Cause or in connection with the liquidation of such Mortgage Loan; (iii) to reimburse the Master Servicer or any Servicer from Insurance Proceeds relating to a particular Mortgage Loan for insured expenses incurred with respect to such Mortgage Loan and to reimburse the Master Servicer or such Servicer from Liquidation Proceeds from a particular Mortgage Loan for Liquidation Expenses incurred with respect to such Mortgage Loan; (iv) to pay the Master Servicer or any Servicer, as appropriate, from Liquidation Proceeds or Insurance Proceeds received in connection with the liquidation of any Mortgage Loan, the amount which it or such Servicer would have been entitled to receive under subclause (x) of this Subsection 4.03(a) as servicing compensation on account of each defaulted scheduled payment on such Mortgage Loan if paid in a timely manner by the related Mortgagor; (v) to pay the Master Servicer or any Servicer from the Purchase Price for any Mortgage Loan, the amount which the Master Servicer or such Servicer would have been entitled to receive under subclause (x) of this Subsection 4.03(a) as servicing compensation; (vi) to reimburse the Master Servicer or any Servicer for servicing related advances of funds, the right to reimbursement pursuant to this subclause being limited to amounts received on the related Mortgage Loan (including, for this purpose, the Purchase Price therefor, Insurance Proceeds and Liquidation Proceeds) which represent late recoveries of the payments for which such servicing advances were made; (vii) to reimburse the Master Servicer or any Servicer for any Advance or advance, after a Realized Loss has been allocated with respect to the related Mortgage Loan if the Advance or advance has not been reimbursed pursuant to clauses (i) and (vi); (viii) to pay the Master Servicer its monthly Master Servicing Fee and any other servicing compensation payable pursuant to Section 3.14; (ix) to pay the Master Servicer any investment income; (x) to reimburse the Master Servicer for any expenses recoverable by it pursuant to Sections 3.03 and 3.27; (xi) to reimburse or pay any Servicer any such amounts as are due thereto under the applicable Servicing Agreement and have not been retained by or paid to the Servicer, to the extent provided in the related Servicing Agreement; (xii) to reimburse the Trustee and the Securities Administrator for expenses, costs and liabilities incurred by or reimbursable to it pursuant to Sections 3.27, 8.05 or 8.10 (including those related to the fees and expenses of the Custodian); (xiii) to remove amounts deposited in error; and (xiv) to clear and terminate the Distribution Account pursuant to Section 10.01. (b) The Master Servicer shall keep and maintain separate accounting, on a Mortgage Loan by Mortgage Loan basis, for the purpose of accounting for any payments or reimbursements from the Distribution Account pursuant to subclauses (i) through (vii), inclusive and subclause (x) or with respect to any such amounts which would have been covered by such subclauses had the amounts not been retained by the Master Servicer without being deposited in the Distribution Account under Section 4.02(b). (c) On each Distribution Date, the Securities Administrator, as Paying Agent, shall withdraw funds on deposit in the Distribution Account to the extent of the aggregate Available Funds and distribute such funds to the Holders of the Certificates and any other parties entitled thereto, in accordance with Section 5.01.

  • Allocations During the Controlled Accumulation Period During the Controlled Accumulation Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 1997-1 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date (such product for any such date, a "Percentage Allocation") shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that if the sum of such Percentage Allocation and all preceding Percentage Allocations with respect to the same Monthly Period exceeds the Controlled Deposit Amount for the related Distribution Date, then such excess shall not be treated as a Percentage Allocation and shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Permitted Withdrawals from the Certificate Account and the Distribution Account The Master Servicer may, from time to time, make withdrawals from the Certificate Account for any of the following purposes (the order set forth below not constituting an order of priority for such withdrawals):

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account (i) any expenses recoverable by the Trustee, the Master Servicer or the Securities Administrator or the Custodian pursuant to Sections 3.03, 7.04 and 9.05 and (ii) any amounts payable to the Master Servicer as set forth in Section 3.14. (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Trustee for deposit therein) any Monthly Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Trustee for deposit in the Distribution Account.

  • Investment of Funds in the Collection Account and the Distribution Account (a) The Master Servicer may direct any depository institution maintaining the Collection Account and any REO Account (for purposes of this Section 3.12, an “Investment Account”), and the Trustee, in its individual capacity, may direct any depository institution maintaining the Distribution Account (for purposes of this Section 3.12, the Distribution Account is also an “Investment Account”), to invest the funds in such Investment Account in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Trustee is the obligor thereon and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Trustee is the obligor thereon. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee (in its capacity as such), or in the name of a nominee of the Trustee. The Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the Collection Account and any REO Account and any income and gain realized thereon) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee or its nominee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trustee shall: