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 deposit account with, and in the name of, the Administrative Agent, for the benefit of the Lenders, established and maintained for the deposit of cash collateral required under or in connection with this Agreement and the other Loan Documents.
Cash Collateral Account means an account held at, and subject to the sole dominion and control of, the Collateral Agent.
Examples of Cash Collateral Account in a sentence
Any Cash Collateral Funds on deposit in the Cash Collateral Account not previously disbursed or applied shall, upon the termination of such Trigger Period, and so long as no other Trigger Period is then continuing, be disbursed to Borrower within ten (10) Business Days after termination of the applicable Trigger Period.
Amounts on deposit from time to time in the Cash Collateral Account pursuant to this Section 6.12 are referred to as the “Cash Collateral Funds”.
More Definitions of Cash Collateral Account
Cash Collateral Account means a non-interest bearing account established by one or more of the Loan Parties with ▇▇▇▇▇ 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 has the meaning provided in Section 2.11(b).
Cash Collateral Account is defined in Section 6.3(c).
Cash Collateral Account has the meaning set forth in Section 4.01(a)(ii).
Cash Collateral Account shall have the meaning given to such term in Section 3.8.
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.