Borrowing Base Cash Collateral definition

Borrowing Base Cash Collateral means, at any time, the aggregate amount of all cash provided by the Borrowers as additional security for the Obligations and pledged to, and subject to the control of, the Collateral Agent, for the benefit of the Agents, the Lenders and the L/C Issuers, and maintained in a Deposit Account subject to the Borrowing Base Cash Collateral Agreement.
Sample 1
Borrowing Base Cash Collateral means cash collateral (but excluding any cash collateral in the Letter of Credit Account) and Permitted Investments of the types specified in clauses (a), (b) and (c) of the definition thereof, in an aggregate amount not to exceed$200,000,000, pledged to the Administrative Agent by the Borrower or any Guarantor for the benefit of the Lenders and held on the Accommodation Effective Date in one or more Borrowing Base Cash Collateral Accounts, as reduced from time to time pursuant to Section 3(e)(iii).
Sample 1
Borrowing Base Cash Collateral means cash collateral (but excluding any cash collateral in the Letter of Credit Account) and Permitted Investments of the types specified in clauses (a), (b) and (c) of the definition thereof, in an aggregate amount not to exceed $200,000,000, pledged to the Administrative Agent by the Borrower or any Guarantor for the benefit of the Lenders and held on the Accommodation Effective Date in one or more Borrowing Base Cash Collateral Accounts, as reduced from time to time pursuant to Section 3(e)(iii).
Sample 1

Examples of Borrowing Base Cash Collateral in a sentence

  • Cash collateral held in the Borrowing Base Cash Collateral Account or the Incremental Borrowing Base Cash Collateral Account (as such terms are defined in the DIP Documents), 100% of which shall be paid to the DIP Agent at the Closing, and cash collateral for DIP Letters of Credit listed on Schedule 9.12.X.

  • The parties agree that the Collateral Agent is hereby authorized to transfer from the account(s) containing Borrowing Base Cash Collateral to the Cash Collateral Account, any Borrowing Base Cash Collateral that the Administrative Borrower shall request to be included in Cash Collateral hereunder.

  • Borrowing Base Cash Collateral Accounts; Availability Cash Collateral Accounts 92 ARTICLE VI Negative Covenants SECTION 6.01.

  • Borrowing Base Cash Collateral Accounts; Availability Cash Collateral Accounts 92 SECTION 6.01.

  • The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the Amended Borrowing Base Cash Collateral Account.

  • Borrowing Base Cash Collateral Accounts; Availability Cash Collateral Accounts 109112 Page ARTICLE VI Negative Covenants SECTION 6.01.

  • The parties agree that, the Collateral Agent shall be authorized to transfer from the account(s) containing Borrowing Base Cash Collateral to the Cash Collateral Account, any Borrowing Base Cash Collateral that the Administrative Borrower shall request to be included in Cash Collateral pursuant to this SECTION 3.02(a).

  • Amend the definitions of Borrowing Base, Pre-Stabilized Collateral Pool Borrowing Base, Stabilized Collateral Pool Borrowing Base, Cash Collateral Borrowing Base, Collateral Pool Leverage Ratio or any defined terms used in the foregoing definitions.

  • Borrowing Base Cash Collateral Accounts 109 ARTICLE VI NEGATIVE COVENANTS SECTION 6.01.

  • The Amended Borrowing Base Cash Collateral shall be deposited in a money market account of the Borrower established with the Administrative Agent (the “Amended Borrowing Base Cash Collateral Account”), subject to the provisions set forth in the following clauses (a) and (b) below.


More Definitions of Borrowing Base Cash Collateral

Borrowing Base Cash Collateral means cash collateral and Permitted Investments of the types specified in clauses (a), (b) and (c) of the definition thereof (but excluding any cash collateral in the Letter of Credit Account or in an Incremental Borrowing Base Cash Collateral Account), in an aggregate amount not to exceed $200,000,000, pledged to the Administrative Agent by the Borrower or any Guarantor for the benefit of the Lenders and held on the Accommodation Effective Date in one or more Borrowing Base Cash Collateral Accounts, as reduced from time to time pursuant to Section 3(e)(iii).
Sample 1
Borrowing Base Cash Collateral means the balance of cash held by such Person in the United States on such date, which cash is held in a segregated account with the Agent that is subject to a deposit account control agreement in form and substance acceptable to the Agent (it being understood that such agreement shall provide that cash may not be released from such account without the consent of the Agent), are subject to a first priority, perfected Lien in favor of the Agent, and the use of which is not otherwise restricted, by law or by agreement.
Sample 1

Related to Borrowing Base Cash Collateral

  • Borrowing Base means, at any time of calculation, an amount equal to:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to:

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • Borrowing Base Value means, with respect to any Oil and Gas Property of a Credit Party or any Swap Agreement in respect of commodities, the value the Administrative Agent attributed to such asset in connection with the most recent determination of the Borrowing Base as confirmed by Required Lenders.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • Borrowing Base Amount means, as of any date, an amount equal to the sum of:

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Adjusted Borrowing Base means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

  • Aggregate Borrowing Base means as of any date of determination, an amount equal to (i) the sum of the SMP Borrowing Base and the SI Borrowing Base; less (ii) any Reserves except to the extent already deducted therefrom.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • New Borrowing Base Notice has the meaning assigned such term in Section 2.07(d).

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Borrowing Base Report means a Borrowing Base Report for the Borrower signed by an Authorized Signatory of the Borrower and in substantially the form of Exhibit D attached hereto.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Borrowing Base Availability means, at the time of any determination, an amount equal to the lesser of the Borrowing Base at such time and the aggregate amount of the Commitments at such time.

  • Cash Collateral Order means an order entered by the Bankruptcy Court authorizing the Company to use cash collateral on a final (as opposed to interim) basis pursuant to sections 361 and 363 of the Bankruptcy Code, which order shall be acceptable to the Investor and shall contain a cash budget that is similar in all material respects to the budget attached hereto as Exhibit A.

  • Facility LC Collateral Account is defined in Section 2.19.11.