Pledged Cash Sample Clauses

Pledged Cash. The Trustee shall have the unrestricted right to use and invest Collateral consisting of Pledged Cash, and any Collateral in which Pledged Cash is invested and reinvested, as it may elect, for the sole account of the Accounts. So long as appropriate records allocating such Pledged Cash or other Collateral are maintained, the Trustee may commingle such Pledged Cash or other Collateral with any other Collateral or other funds or assets, including funds or assets held by JPMorgan Chase Bank acting in any capacity as collateral agent under other lending agreements, and may hold the same in its own name or the name of its nominee. The Trustee shall be entitled to collect and retain, for the account of the affected Account or Accounts, any income on such Collateral and any net gains realized upon the sale, maturity, payment, retirement or other disposition of such investments or reinvestments. The Accounts shall bear the risk of all losses in value of the principal amount of any Collateral in which Pledged Cash is invested or reinvested. The sole obligation of the Trustee with respect to Pledged Cash is to repay such Pledged Cash to the Borrower as required by paragraphs 6, 9, and 10 hereof.
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Pledged Cash. Trustee shall have the unrestricted right to use and invest Collateral consisting of Pledged Cash, and any Collateral in which Pledged Cash is invested and reinvested, as it may elect, for the sole account of the Approved Accounts. So long as appropriate records allocating such Pledged Cash or other Collateral are maintained, Trustee may commingle such Pledged Cash or other Collateral with any other Collateral or other funds or assets, including funds or assets held by JPMorgan Chase Bank, N.A., acting in any capacity as collateral agent under other lending agreements, and may hold the same in its own name or the name of its nominee. Trustee shall be entitled to collect and retain, for the account of the affected Approved Account or Approved Accounts, any income on such Collateral and any net gains realized upon the sale, maturity, payment, retirement or other disposition of such investments or reinvestments. The Approved Accounts shall bear the risk of all losses in value of the principal amount of any Collateral in which Pledged Cash is invested or reinvested. The sole obligation of Trustee with respect to Pledged Cash is to repay such Pledged Cash to Borrower as required by paragraphs 6, 9, and 10 hereof.
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Pledged Cash. The Borrowers shall, at all times, maintain cash in one or more Pledged Cash Accounts in an amount not less than the amounts specified as Canadian Pledged Cash, UK Pledged Cash and US Pledged Cash in the most recently delivered Canadian Borrowing Base Certificate, UK Borrowing Base Certificate and US Borrowing Base Certificate respectively, except that, not more frequently than once per Fiscal Month, the Borrowers may, upon not less than two (2) Business Days prior written notice to the applicable Agent, decrease the amount of Canadian Pledged Cash, UK Pledged Cash and US Pledged Cash by withdrawing cash from any Pledged Cash Account, if (a) immediately before such withdrawal no Default or Event of Default exists or would exist after giving effect thereto, (b) prior to and after giving effect to such withdrawal, the Canadian Availability, the UK Availability and the US Availability, as applicable, shall not be less than zero, (c) the Borrowers deliver a Canadian Borrowing Base Certificate, a UK Borrowing Base Certificate and a US Borrowing Base Certificate, as applicable, to the applicable Agent reflecting solely the change in the Canadian Borrowing Base, the UK Borrowing Base and the US Borrowing Base, as applicable, after giving effect to such withdrawal, and (d) the Canadian Borrowing Base, the UK Borrowing Base and the US Borrowing Base, shall be reduced, as applicable, immediately upon such withdrawal. For the avoidance of doubt, in no event shall any Canadian Pledged Cash or UK Pledged Cash be pledged as security for any of the US Secured Obligations.
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Pledged Cash. Maintain, until the termination of the Pledged Cash Agreement, not less than $5,000,000 at any time in an account controlled by Agent and subject to the Pledged Cash Agreement. The Pledged Cash Agreement shall terminate upon satisfaction of each of the following conditions: (a) Agent shall have received the financial statements and related documents required to be delivered by the Loan Parties in accordance with Section 9.8 hereof for the fiscal quarter ending June 30, 2020, (b) the Loan Parties shall be in compliance with the financial covenant set forth in Section 6.5 hereof for the most recently ended fiscal quarter as evidenced by the Compliance Certificate required to be delivered by the Loan Parties in accordance with Section 9.8 hereof, (c) EBITDA for Borrowers and their Subsidiaries on a Consolidated Basis shall be greater than $10,000,000 and (d) no Default or Event of Default shall have occurred and be continuing.
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Pledged Cash. Borrower shall have deposited not less than $5,000,000 into a deposit account maintained by Agent and subject to the Pledged Cash Agreement;
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Pledged Cash. Borrower shall maintain a segregated and pledged deposit account at Bank in an amount equal to the ARE Standby Letter of Credit Amount, which account shall secure the obligations of Borrower to Bank in respect of the ARE Standby Letter of Credit.
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Pledged Cash. In the case of Collateral consisting of cash, by wire transfer in immediately available funds to the account of the Collateral Agent or to an account (other than an account of the Pledgor) designated by the Collateral Agent and over which the Collateral Agent has sole control.
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Pledged Cash. In the case of Collateral consisting of cash, by wire transfer to an account designated by the Collateral Agent, and the Collateral Agent agrees to credit such cash to the Collateral Account. Upon delivery of any Collateral under this Collateral Agreement, the Collateral Agent shall examine such Collateral and any certificates delivered pursuant to Sections 6(c), 6(d)(3), 6(d)(4) or otherwise pursuant to the terms hereof in connection therewith to determine that they comply as to form with the requirements for Eligible Collateral. Immediately following the delivery to the Collateral Agent of any Collateral in the form of certificates indorsed in blank, the Collateral Agent shall cause all such certificates to be re-registered on the books of the applicable transfer agent into the name of the Collateral Agent or its nominee, and shall thereafter maintain all such Collateral in such form until the termination of this Agreement (or, if prior thereto, the release of the Lien of the Purchaser thereon pursuant to the terms hereof); provided, however, that at any time following such delivery to the Collateral Agent, the Collateral Agent may cause any such certificates to be deposited with The Depository Trust Company and thereafter hold such certificates in book entry form in the Collateral Account. The Pledgor hereby designates the Collateral Agent (or, if the Collateral Agent is not a member of the Federal Reserve System, the institution designated by the Collateral Agent pursuant to Section 6(d)(2)) as the person in whose name any Collateral held in book entry form in the Federal Reserve System shall be registered.
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Pledged Cash. The Borrowers shall at all times maintain Pledged Cash in an amount equal to 100% (or such higher percentage as otherwise specified in this Agreement) of the Pledged Cash L/C Usage outstanding at any time. If at any time the aggregate amount of Pledged Cash of Borrowers is less than the Pledged Cash L/C Usage, then Borrowers shall immediately deposit funds in the Pledged L/C Account in an aggregate amount not less than such shortfall (unless such deposit is otherwise waived by Agent in its sole discretion).
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Related to Pledged Cash

  • Pledged Equity Interests Set forth on Schedule 5.21(f), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Section 6.02, is a list of (i) all Pledged Equity and (ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Security Agreement), the Person whose Equity Interests are pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity Interests (i.e. voting, non-voting, preferred, etc.).

  • Pledged Equity The pledged equity under this Agreement is 51 % equity interests held by the Pledgor in Domestic Company (“Pledged Equity”) and all relevant interests. Upon the effectiveness of this Agreement, the situation of Pledged Equity is set out below: Domestic Company’s Name: Dalian Tongda Equipment and Technology Development Co., Ltd. Registered Capital: RMB7,000,000.00 Pledged Equity: 51 % equity interests of Domestic Company Capital Contribution corresponding to the Pledged Equity: RMB 3,570,000

  • Uncertificated Pledged Collateral Such Grantor will permit the Collateral Agent from time to time to cause the appropriate issuers (and, if held with a securities intermediary, such securities intermediary) of uncertificated securities or other types of Pledged Collateral owned by it not represented by certificates to xxxx their books and records with the numbers and face amounts of all such uncertificated securities or other types of Pledged Collateral not represented by certificates and all rollovers and replacements therefor to reflect the Lien of the Collateral Agent granted pursuant to this Security Agreement. With respect to any Pledged Collateral owned by it, such Grantor will take any actions necessary to cause (a) the issuers of uncertificated securities which are Pledged Collateral and (b) any securities intermediary which is the holder of any such Pledged Collateral, to cause the Collateral Agent to have and retain Control over such Pledged Collateral. Without limiting the foregoing, such Grantor will, with respect to any such Pledged Collateral held with a securities intermediary, cause such securities intermediary to enter into a control agreement with the Collateral Agent, in form and substance satisfactory to the Collateral Agent, giving the Collateral Agent Control.

  • Pledged Collateral The Administrative Agent shall have received (A) original stock certificates or other certificates evidencing the certificated Equity Interests pledged pursuant to the Security Documents, together with an undated stock power for each such certificate duly executed in blank by the registered owner thereof and (B) each original promissory note pledged pursuant to the Security Documents together with an undated allonge for each such promissory note duly executed in blank by the holder thereof.

  • Pledged Equity Interests, Investment Related Property (a) it is the record and beneficial owner of the Pledged Equity Interests free of all Liens, rights or claims of other Persons and there are no outstanding warrants, options or other rights to purchase, or shareholder, voting trust or similar agreements outstanding with respect to, or property that is convertible into, or that requires the issuance or sale of, any Pledged Equity Interests;

  • Pledged Debt On each Representation Date, Schedule II hereto (as such schedule may be amended or supplemented from time to time) sets forth under the heading “Pledged Debt” all of the Pledged Debt owned by any Grantor and all of such Pledged Debt with a principal amount in excess of $500,000 individually has been fully authorized, authenticated or issued, and delivered and is the legal, valid and binding obligation of the issuers thereof and is not in default and constitutes all of the issued and outstanding intercompany indebtedness evidenced by an instrument or certificated security of the respective issuers thereof owing to such Grantor.

  • Delivery of the Pledged Collateral Each Pledgor hereby agrees that:

  • Pledged Stock In the case of each Grantor that is an Issuer, such Issuer agrees that (i) it will be bound by the terms of this Agreement relating to the Pledged Stock issued by it and will comply with such terms insofar as such terms are applicable to it, (ii) it will notify the Collateral Agent promptly in writing of the occurrence of any of the events described in Subsection 5.3.1 with respect to the Pledged Stock issued by it and (iii) the terms of Subsections 6.3(c) and 6.7 shall apply to it, mutatis mutandis, with respect to all actions that may be required of it pursuant to Subsection 6.3(c) or 6.7 with respect to the Pledged Stock issued by it.

  • Covenants as to the Pledged Collateral So long as any Secured Obligations shall remain outstanding, the Pledgor will, unless the Required Holders, shall otherwise consent in writing:

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