Common use of Cash collateralisation Clause in Contracts

Cash collateralisation. At any time the Borrower is obliged to provide or procure provision of and maintain Cash Collateral pursuant to any term of the Finance Documents, the Borrower fails to provide or procure provision of or maintain Cash Collateral with a value at equal to or greater than the Outstandings (or the applicable proportion thereof).

Appears in 1 contract

Sources: Fourth Amendment and Restatement Agreement (Radian Group Inc)

Cash collateralisation. At any time the Borrower is obliged to provide or procure provision of and maintain Cash Collateral pursuant to any term of the Finance Documents, the Borrower fails to provide or procure provision of or maintain Cash Collateral with a value at equal to or greater than the Outstandings (or the applicable proportion thereof).

Appears in 1 contract

Sources: Fifth Amendment and Restatement Agreement (Radian Group Inc)