Cash Collateral Account definition

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 Account means a non-interest bearing cash collateral account maintained with, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Creditors.

Cash Collateral Account means a collateral account established with the Administrative Agent, in the name of the Administrative Agent and under its sole dominion and control, into which the Borrower shall from time to time deposit Dollars pursuant to the express provisions of this Agreement requiring such deposit.

Examples of Cash Collateral Account in a sentence

• The Cash Collateral Account shall be (i) in the name of the Borrower, and shall be pledged to, and subject to the control of, Administrative Agent, for the benefit of the Secured Parties, in a manner satisfactory to Administrative Agent or (ii) if elected by Administrative Agent in its sole discretion, in the name of and owned by Administrative Agent, subject to the exclusive control of Administrative Agent, for the benefit of the Secured Parties.

• The Borrower hereby pledges and grants to Administrative Agent, on behalf of the Secured Parties, a security interest in all such funds and Cash Equivalents held in the Cash Collateral Account from time to time and all proceeds thereof, as security for the payment of all amounts due in respect of the Letter of Credit Obligations and other Obligations, whether or not then due, and this Agreement shall constitute a security agreement under applicable Law for this purpose.

• Cash Collateral shall be maintained in a Cash Collateral Account and may be invested in readily available cash equivalents.

More Definitions of Cash Collateral Account

Cash Collateral Account has the meaning provided in Section 2.11(b).

Cash Collateral Account is defined in Section 6.3(c).

Cash Collateral Account means a non-interest bearing account established by one or more of the Loan Parties with Xxxxx Fargo, and in the name of, the Agent (or as the Agent shall otherwise direct) and under the sole and exclusive dominion and control of the Agent, in which deposits are required to be made in accordance with Section 2.03(k) or 8.02(c).

Cash Collateral Account shall have the meaning given to such term in Section 3.8.

Cash Collateral Account has the meaning set forth in Section 4.01(a)(ii).

Cash Collateral Account has the meaning ascribed to it Annex B.

Cash Collateral Account means the Class A Cash Collateral Account or the Class B Cash Collateral Account, as applicable.