Cash Collateral Use definition

Cash Collateral Use with the consent of the Administrative Agent (acting at the direction of the Required Lenders), each Tranche B Term Lender agrees that no objection will be raised by the Tranche B Administrative Agent or any of the Tranche B Term Lenders (and they will not request the Administrative Agent to make or support any such objection) to any such DIP Financing or Cash Collateral Use on any grounds so long as:
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Cash Collateral Use has the meaning set forth in Section 2.5(b).
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Cash Collateral Use has the meaning set forth in Section 1(b)(I) of this Schedule 14 to the Loan Agreement.
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Examples of Cash Collateral Use in a sentence

  • Omnibus Response of the Official Committee of Equity Security Holders to Debtor's (A) Motion to Approve Postpetition Financing and Cash Collateral Use and Related Relief and (B) Motion to Approve Bid Procedures [D.I. 137; filed on April 19, 2016].

  • Calculating the distance measure we use (the ’nor- malized Levenshtein distance’, or LDN), requires one more operation: the ’raw LD’ is divided by the length (in terms of segments) of the longer of the two words compared.

  • Bolton, et al., Cash Collateral Use and Debtor-in- Possession Financing (State Bar of Tex./Nuts & Bolts of Bus.

  • See Objection Initial Objection of the Ad Hoc Equity Committee to Debtor's (A) Motion to Approve Postpetition Financing and Cash Collateral Use and Related Relief and (B) Motion to Approve Bid Procedures; Request for Adjournment; and Reservation of Rights [Docket No. 82] at ¶ 2.

  • An application for revision shall be dealt within the same manner as if it were an appeal under these regulations.

  • On February 28, 2011, the Court entered the Third Interim Order Authorizing Cash Collateral Use, Granting Related Relief, and Scheduling the Fourth Interim Hearing [Docket No. 89] (the “Third Interim Cash Collateral Order”).

  • In addition, GCB may seek an allowed super-priority administrative claim pursuant to Section 507(b) of the Code for the Cash Collateral Use Amount, which shall have priority over any and all other indebtedness, all administrative expenses and priority expenses of any kind.

  • Now they want to deprive Mr. Saverin of the rights he bargained for and earned by supporting 4 Objection Initial Objection of the Ad Hoc Equity Committee to Debtor's (A) Motion to Approve Postpetition Financing and Cash Collateral Use and Related Relief and (B) Motion to Approve Bid Procedures; Request for Adjournment; and Reservation of Rights [Docket No. 82] (“Pinnacle/137 Ventures Objection”).the Company with additional investment.

  • The Festival reserves the right to decline any Food Stallholder who has/does not comply with the theme, goodwill or code of conduct of the Festival.

  • The Court originally entered its Order on Motion for Entry of Orders (1)21 Approving Post-Petition Financing and Related Liens and Adequate Protection; (2) Approving22 Cash Collateral Use and Related Liens and Adequate Protection, and (3) Granting Related Relief23 (“DIP Order”) on December 22, 2017.


More Definitions of Cash Collateral Use

Cash Collateral Use has the meaning set forth in Section 3(c)(i) hereof.
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Cash Collateral Use means the use of cash collateral (as defined in the Bankruptcy Code) consented to by Administrative Agent and Lenders in accordance with the Restructuring Term Sheet, on terms and conditions satisfactory to Administrative Agent and Lenders.
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Related to Cash Collateral Use

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

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

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • 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.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

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

  • 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).

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • 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.

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

  • 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.

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Cash Collateralization has a correlative meaning.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Matured LC Obligations means all amounts paid by LC Issuer on drafts or demands for payment drawn or made under or purported to be under any Letter of Credit and all other amounts due and owing to LC Issuer under any LC Application for any Letter of Credit, to the extent the same have not been repaid to LC Issuer (with the proceeds of Loans or otherwise).

  • Credit Obligations means all obligations of the Borrowers to the Lender Parties arising under or in connection with or in respect of the Credit Documents, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Final Cash Collateral Order means the Final Order of the Bankruptcy Court entered on March 30, 2020, wherein the Bankruptcy Court authorized the Debtors’ continued use of cash collateral subject to certain conditions contained therein.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.