Restricted Cash Account Sample Clauses

Restricted Cash Account. Bionova and Savia agree that Bionova will deposit $300,000.00 into a restricted cash account for a period not to exceed one (1) year from the date hereof, which funds will be used exclusively to satisfy any third-party claims against any of the individuals who are covered by the directors' and officers' liability insurance policy provided for directors and officers of Bionova and its Subsidiaries as of the date hereof and any litigation expenses directly related to such claims; provided that such funds shall not be released from such account and so disbursed to the extent that any such individual receives the benefit of any proceeds under such directors' and officers' liability policy to discharge any portion of such claim.
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Restricted Cash Account. (a) On or prior to the Closing Date, the Indenture Trustee established and shall maintain in its name an Eligible Account with the Corporate Trust Office of the Indenture Trustee (in its capacity as Securities Intermediary of the Indenture Trustee) which shall be designated the Restricted Cash Account for all Series of Notes then Outstanding and which shall be held by the Indenture Trustee pursuant to the terms of this Indenture for the benefit of the Holders of all Notes and any Series Enhancer(s) with respect to such Notes. Any and all moneys remitted by the Issuer, or Manager on its behalf, to the Restricted Cash Account from the Trust Account, together with any Eligible Investments in which such moneys are or will be invested or reinvested, shall be held in the Restricted Cash Account for all Series. On each Payment Date, the Issuer will deposit, or cause to be deposited, into the Restricted Cash Account a sufficient amount of funds such that, after giving effect to such deposit, the amount of funds on deposit therein shall be equal to the Restricted Cash Target Balance, and thereafter amounts shall be deposited in the Restricted Cash Account in accordance with Section 302. Any and all moneys on deposit in the Restricted Cash Account shall be invested in Eligible Investments in accordance with the Indenture and shall be distributed in accordance with this Section 306.
Restricted Cash Account. (a) The Issuer shall establish on or prior to the Restricted Cash Effective Date, and shall thereafter maintain so long as any Outstanding Obligation remains unpaid, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Restricted Cash Account, which account shall be held by the Indenture Trustee for the benefit of the Noteholders of all Series of Notes and each Series Enhancer pursuant to the terms of this Indenture and the related Supplements. On the Restricted Cash Effective Date, the Issuer will deposit (or cause to be deposited) into the Restricted Cash Account an amount equal to the Restricted Cash Amount, and amounts thereafter shall be deposited in the Restricted Cash Account in accordance with Section 302 hereof. The Restricted Cash Account shall only be relocated to another financial institution in accordance with the express provisions of Section 303(d) hereof. Any and all monies on deposit in the Restricted Cash Account shall be invested in Eligible Investments in accordance with this Indenture and shall be distributed in accordance with this Section 306.
Restricted Cash Account. (a) On or prior to the Closing Date, the Borrower shall establish and maintain the Restricted Cash Account. The Restricted Cash Account shall be established in the name of the Borrower, for the benefit of the Administrative Agent (on behalf of the Secured Parties), with a bank or trust company acceptable to the Administrative Agent and the Required Lenders. The Restricted Cash Account shall at all times be under the “control” (as defined in the UCC) of the Administrative Agent for the benefit of the Secured Parties.
Restricted Cash Account. (a) On or prior to Effective Date, the Issuer shall establish the Restricted Cash Account with, and be in the name of the Agent for the benefit of the Noteholder; such account to be entitled "Cronos Finance (Bermuda)
Restricted Cash Account. As a condition of Closing, the Company will place $2,000,000 in a restricted account at a bank reasonably acceptable to the Purchaser, and maintain such amount in the restricted account for as long as the Purchaser shall hold any Preferred Shares. The account shall be pledged to Purchaser as security for the performance of the Parent's obligations hereunder.
Restricted Cash Account. (a) The Agent shall establish and maintain in its name an account which shall be designated the restricted cash account (the "Restricted Cash Account") and which shall be held by the Agent for the benefit of itself and the Lenders pursuant to this Agreement. The Restricted Cash Account shall be under the "control" (as defined in the UCC) of the Agent for the benefit of the Lenders. Any and all moneys remitted by the Borrower, or the Servicer on its behalf, to the Restricted Cash Account from the Trust Account, together with any Eligible Investments in which such moneys are or will be invested or reinvested, shall be held in the Restricted Cash Account. No amounts shall be required to be deposited in the Restricted Cash Account on the Closing Date. Thereafter, amounts shall be deposited into the Restricted Cash Account in accordance with Section 2.18(b) hereof. Any and all moneys remitted by the Agent to the Restricted Cash Account shall be invested in Eligible Investments in accordance with this Agreement and shall be distributed in accordance with this Section 2.19.
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Restricted Cash Account. (a) The Issuer shall establish on the Effective Date and maintain so long as any Series 1997-1 Note is Outstanding an Eligible Account with the Indenture Trustee which shall be designated as the Series 1997-1 Restricted Cash Account, which account is hereby pledged to the Indenture Trustee pursuant to the Indenture and this Supplement. On the date on which the initial Loan is made, the Issuer will deposit the Series 1997-1 Restricted Cash Amount in the Series 1997-1 Restricted Cash Account from the proceeds of issuance of the Series 1997-1 Notes and thereafter amounts shall be deposited in the Series 1997-1 Restricted Cash Account in accordance with Section 302 of this Supplement. Any and all moneys remitted by the Indenture Trustee to the Series 1997-1 Restricted Cash Account shall be invested in Eligible Investments in accordance with the Indenture and shall be distributed in accordance with this Section 304.
Restricted Cash Account. (a) The Issuer shall establish on or prior to the Restricted Cash Effective Date, and shall thereafter maintain so long as any Outstanding Obligation remains unpaid, an Eligible Account in the name of the Issuer with the Indenture Trustee which shall be designated as the Restricted Cash Account, which account shall be held by the Indenture Trustee for the benefit of the Noteholders of all Series of Notes and each Series Enhancer pursuant to the terms of this
Restricted Cash Account. The Issuer shall establish and maintain an account with the Corporate Trust Office of the Indenture Trustee with subaccounts for each Series, as provided in the related Supplement for a Series, which shall be designated the restricted cash account (the "Restricted Cash Account") for each such Series and which shall be pledged to the Indenture Trustee pursuant to this Indenture and the related Supplement. Any and all moneys remitted by the Issuer, or Servicer on its behalf, to the Restricted Cash Account from the Trust Account, together with any Eligible Investments in which such moneys are or will be invested or reinvested, shall be held in the Restricted Cash Account subaccount for each such Series.
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