Borrower Cash definition

Borrower Cash means any Cash Flow or Net Proceeds from Sales or Refinancings of any Approved Property received or held by Borrower, or any Subsidiary.
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Examples of Borrower Cash in a sentence

  • So long as any Lender is a Defaulting Lender, the Swingline Lender may require, in its sole discretion, as a condition precedent to the issuance, amendment or increase of any Swingline Loan, that the Borrower Cash Collateralize such Swingline Loan in an amount equal to the Swingline Lender’s Fronting Exposure immediately prior to, or simultaneously with, the issuance, amendment or increase of such Swingline Loan.

  • Each such annual budget for the Credit Parties shall include, for the following year, estimated Borrower Cash Flow, projected usage of the Revolving Commitments, and an explanation of the assumptions on which such forecasts are based.

  • The Administrative Agent shall have no obligation to invest any amounts on deposit in the Borrower Cash Collateral Account.

  • The Borrower Cash Collateral Account shall be in the name and under the sole dominion and control of the Administrative Agent.

  • Require that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof).

  • All Borrower Cash Collateral Funds on deposit shall be released by Lender in accordance with the Cash Management Agreement when Lender determines that a Cash Trap Period no longer exists.

  • Promptly after any date on which there shall occur a reduction in the amount of the Currency Exchange Excess, the Administrative Agent will return to AGCO, free and clear of any Lien under this Section, an amount equal to the excess of amounts then on deposit in the Borrower Cash Collateral Account (including accrued interest) over the amount of the Currency Exchange Excess as of the date of and after giving effect to such reduction.

  • The Bank may for any reason apply for the appointment of a receiver of the Collateral (to which appointment Borrower hereby consents) without the necessity of posting a bond or other form of security (which Borrower hereby Borrower Cash Collateralize the LC Obligations at such time, such Cash Collateral to be held by the Bank in a Cash Collateral Account on terms and conditions satisfactory to the Bank in its sole discretion.

  • If at any time after any Obligation shall have been Cash Collateralized with Borrower Cash Collateral no Event of Default shall be continuing, the Administrative Agent shall promptly return to the Borrower all the Borrower Cash Collateral.

  • For each fiscal quarter ending following the date on which both of the Debt Ratings announced by S&P and ▇▇▇▇▇’▇ are less than BBB- and Baa3, respectively, the Minimum Borrower Cash Flow Fixed Charge Coverage Ratio shall be greater than or equal to 1.75 to 1.00.