Bank Account Collateral means sums of money held from time to time in all bank accounts of the Issuer (excluding the Share Capital Account).
Bank Account Collateral has the meaning specified in Section 2.01(d).
Bank Account Collateral means the collective ------------------------- reference to:
Examples of Bank Account Collateral in a sentence
As used herein, the term “Permitted Prior Liens” shall mean only (a) those Permitted Liens (as defined in the DIP Credit Agreement) identified on Schedule 2 to the DIP Credit Agreement that constitute valid, enforceable, prior, perfected, andnon-avoidable liens as of the Petition Date, (b) the Sterling Parties’ liens on the Sterling Bank Account Collateral (as defined below), and (c) any other liens that constitute valid, enforceable, prior, perfected, and non-avoidable liens as of the Petition Date.
More Definitions of Bank Account Collateral
Bank Account Collateral means sums of money held from time to time in all bank accounts of the Issuer (excluding the Share Capital Account). “The Bank of New York Mellon Group” means the group comprising The Bank of New York Mellon and its affiliates.
Bank Account Collateral means sums of money held from time to time in all bank accounts of the Issuer.
Bank Account Collateral means the property of the Loan Parties and their Subsidiaries in which security interests are to be granted under the Bank Accounts Security Agreements. BANK ACCOUNTS SECURITY AGREEMENTS shall mean, collectively, the Bank Accounts Security Agreements in substantially the form of EXHIBIT 1.1(B) with such changes or modifications thereto as shall be acceptable to the Agent, executed and delivered by each of the Borrowers and their Subsidiaries to the Agent for the benefit of the Banks and BANK ACCOUNTS SECURITY AGREEMENT shall mean any of the Bank Accounts Security Agreements. BANKRUPTCY CODE shall mean Title 11 of the United States Code entitled "Bankruptcy", as now and hereafter in effect, or any successor statute. BANKS shall mean the financial institutions named on SCHEDULE 1.1(B) and their respective successors and assigns as permitted hereunder, each of which is referred to herein as a Bank. BASE RATE shall mean the greater of (i) the interest rate per annum announced from time to time by the Agent at its Principal Office as its then prime rate, which rate may not be the lowest rate then being charged commercial borrowers by the Agent, or (ii) the Federal Funds Effective Rate plus one half percent (1/2%) per annum. BASE RATE OPTION shall mean either the Revolving Credit Base Rate Option or the Term Loan Base Rate Option. BENEFIT ARRANGEMENT shall mean at any time an "employee benefit plan," within the meaning of Section 3(3) of ERISA, which is neither a Plan nor a Multiemployer Plan and which is maintained, sponsored or otherwise contributed to by any member of the ERISA Group. BORROWERS shall mean Res-Care, each of the Consolidated Subsidiaries, and each other Person which joins this Agreement as a Borrower after the date hereof pursuant to Section 11.18. BORROWING BASE shall mean the amount, as of any date of determination, not to exceed the lesser of the amounts under the following clauses (a), (b) and (c): (a) (i) from the Closing Date through the Eligibility Requirements Effective Date, 60% of the accounts receivable net of allowance for doubtful accounts of the Borrowers and their Subsidiaries determined on a consolidated basis in accordance with GAAP, and (ii) from the Eligibility Requirements Effective Date and thereafter, 70% of Consolidated Eligible Accounts Receivable, (b) an amount, such that after giving effect to the Revolving Facility Usage and the amount of any proposed Loans and/or Letters of Credit to be issued, the ratio of Total Fun...