Common use of Cash Management Practices Clause in Contracts

Cash Management Practices. The New Guarantor shall maintain normal cash management practices provided however that nothing in such cash management practices are to impair the New Guarantor’s ability to pay the calculated amount of Excess Cash for debt amortisation as provided in this Clause 6.

Appears in 1 contract

Sources: Supplemental Agreement (TBS International PLC)

Cash Management Practices. The New Corporate Guarantor shall and its subsidiaries to maintain normal cash management practices provided however that nothing in such cash management practices are to impair the New Corporate Guarantor’s ability to pay the calculated amount of Excess Cash for debt amortisation as provided in this Clause 6.

Appears in 1 contract

Sources: Amending and Restating Agreement (TBS International PLC)