Examples of Eligible Cash Collateral in a sentence

If, in relation to any Substitution, any Eligible Cash Collateral is required to be transferred to VIS, UBS shall procure that such party as may be determined by UBS (which may include UBS) shall, on the Substitution Effective Date transfer an amount equal to the Class [•] Notes’ Pro Rata Share of such Eligible Cash Collateralto VIS or to the order of the Collateral Agent on behalf of VIS.
All Eligible Cash Collateral withdrawal requests shall be submitted directly in the APEX Clear System at any time prior to the relevant APEX Clear System input cut-off time, and are subject to the approval of the Clearing House.
Withdrawal of Eligible Cash Collateral by the Clearing Member shall not be allowed on the Currency Holiday of the relevant currency in which such Eligible Cash Collateral is denominated.
Details and procedures relating to the withdrawal and deposit of Eligible Cash Collateral and the delivery of Eligible Non-Cash Collateral will be covered in Section 8 of these Clearing Procedures.
All deposits and withdrawals of Eligible Cash Collateral will take place between the relevant accounts described in Clearing Procedures 7.1.1 and 7.1.2.

More Definitions of Eligible Cash Collateral

Eligible Cash Collateral means the cash or Cash Equivalents, in each case denominated in United States Dollars, of a Borrower which are: (a) pledged by such Borrower to Agent pursuant to the Cash Collateral Control Agreement, in form and substance reasonably satisfactory to Agent and duly authorized, executed and delivered by such bank or financial intermediary and such Borrower; (b) free and clear of any lien, security interest, claim or other encumbrance or restriction, except for (i) liens in favor of Agent and (ii) liens of the financial intermediary holding such cash or Cash Equivalents that are expressly permitted by the Cash Collateral Control Agreement; (c) subject to the first priority, valid and perfected security interest and pledge in favor of Agent, except (as to priority) for liens in favor of the financial intermediary holding such cash or Cash Equivalents to the extent such liens are expressly permitted to have priority by the Cash Collateral Control Agreement; and (d) available to such Borrower without condition or restriction except those arising pursuant to the pledge in favor of Agent; provided, that, no cash or Cash Equivalents shall constitute Eligible Cash Collateral prior to the date (if any) on which Agent shall have consented to the request by Borrowers to include Eligible Cash Collateral in the Borrowing Base.

Eligible Cash Collateral means only such cash and Cash Equivalents that are unrestricted and that are in an account in which the Collateral Agent has a valid and perfected first priority lien (except to the extent of Permitted Liens and other Liens created or permitted by the Loan Documents) or first priority security interest (except to the extent of Permitted Liens and other Liens created or permitted by the Loan Documents) for the benefit of the Secured Parties securing the Secured Obligations, to the extent such a Lien is required to be granted under the Loan Documents.

Eligible Cash Collateral means, as of any date of determination, any Dollars or Cash Equivalents of the Credit Parties (other than those of the type specified in clause (vii) of the definition thereof) that are (a) held in a segregated and fully-blocked Controlled Account with the Administrative Agent (i) from which funds cannot be withdrawn unless the requirements in Section 2.7 are satisfied and (ii) which exclusively contains such Eligible Cash Collateral and (b) not subject to Liens other than Liens in favor of the Administrative Agent for the benefit of the Secured Parties and Permitted Liens attaching by operation of law in favor of the applicable depository bank. For the avoidance of doubt, Eligible Cash Collateral does not include any amounts posted to Cash Collateralize Letters of Credit.

Eligible Cash Collateral means Cash and US Treasuries on deposit in the US Accounts or otherwise subject to a perfected first priority security interest for the benefit of the Administrative Agent on behalf of the Lenders.

Eligible Cash Collateral means cash maintained in a Blocked Account and cash or Cash Equivalents maintained in a Blocked Securities Account.

Eligible Cash Collateral means any and all cash and Permitted Investments of the Borrowers which are held in Permitted Cash Collateral Accounts under the control of the Administrative Agent pursuant to Section 5.6(g); provided that Eligible Cash Collateral shall not include on any date of determination the amount by which (i) the average daily balance for the preceding thirty days in Permitted Cash Collateral Accounts maintained with Lenders other than SunTrust, exceeds (ii) the average daily balance for such period in Permitted Cash Collateral Accounts maintained at SunTrust, in each case measured as of the date of the most recently delivered Borrowing Base Certificate for the period of thirty days then ending.

Eligible Cash Collateral all Cash Collateral that constitutes funds of any Borrower denominated in Dollars or Canadian Dollars held in a Deposit Account that is subject to a Deposit Account Control Agreement, in each case to the extent not subject to any Lien (other than the Lien in favor of the Administrative Agent, for the benefit of the Lenders, the Issuing Banks and the Swap Banks or expressly permitted by the applicable Deposit Account Control Agreement), excluding any portion that is or may be subject to any dispute, offset, netting arrangement, counterclaim or other claim or defense on the part of the depository institution or any Affiliate of the depository institution (other than industry standard fees and expenses payable to the depository institution pursuant to the applicable deposit account agreements) or to any claim on the part of the depository institution denying availability of such Cash Collateral.