Cash Management Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Administrative Agent) to be held by Administrative Agent for the benefit of the applicable Lender Counterparty (other than a Lender Counterparty that is party to a Secured Hedge Agreement) in an amount equal to either (x) 103% of the outstanding amount of the then existing Cash Management Obligations or (y) the amount agreed in writing between the Borrower Representative and the provider of any Cash Management Obligations (with a copy of such written agreement provided to the Administrative Agent).