Encumbered Cash definition

Encumbered Cash means all of the cash and securities encumbered by a restraining order issued by the District Court in the Criminal Case.

Encumbered Cash means cash and Cash Equivalents, if any, that have been pledged as collateral to Comerica Bank under the Comerica Control Agreement.

Encumbered Cash means (1) cash and Cash Equivalents, if any, that have been pledged as collateral to Comerica Bank under the Comerica Control Agreement and (2) cash and Cash Equivalents that have been pledged as collateral to PNC Bank under the PNC Control Agreement.

Examples of Encumbered Cash in a sentence

• In full and final satisfaction of all Allowed ABL Secured Claims, the Encumbered Cash shall be paid solely from the Encumbered Cash Reserve to holders of Allowed ABL Secured Claims until the Allowed ABL Secured Claims are paid in full, subject to the terms of the Intercreditor Agreement.

• On the Effective Date, the Debtors shall fund the Liquidation Trust Claims Reserve, the Liquidation Trust Expense Reserve, the Encumbered Cash Reserve, and Professional Fee Claims Reserve, in full in Cash.

• The Service may challenge the deductibility of these organization fees on the basis that these are fees paid in connection with the syndication of the Limited Partners Interests rather than organization fees.

• All other distributions under the Plan, other than distributions on account of Beneficial Trust Interests, will be funded by the Liquidation Trust Claims Reserve, the Encumbered Cash Reserve, or the Professional Fee Claims Reserve.

• All other distributions under the Plan, other than distributions on account of Beneficial Trust Interests, will be funded by the Liquidation Trust Claims Reserve, the Encumbered Cash Reserve or the Professional Fee Claims Reserve.

More Definitions of Encumbered Cash

Encumbered Cash means all First Lien Encumbered Cash and Second Lien Encumbered Cash.

Encumbered Cash means any Cash (a) in which AG has a valid, perfected security

Encumbered Cash means any Cash (a) in which either the ABL Lenders or the Term Lenders have a valid, perfected security interest and (b) which secures an Allowed ABL Claim or an Allowed Term Loan Claim, as applicable.

Encumbered Cash means all Cash of the Debtors that (a) does not constitute Unencumbered Assets and (b) constitutes Collateral, after the following amounts required to be paid under the Plan have been paid in full in Cash: (w) Administrative Expenses, (x) Priority Tax Claims, (y) Other Secured Claims, and (z) Other Priority Claims.

Encumbered Cash means any Cash (a) in which either the ABL Lenders or the Term Lenders have a valid, perfected security interest; (b) which secures an Allowed ABL Claim or an Allowed Term Loan Claim, as applicable; or (c) to which (i) Investcorp, as subrogee under the ABL L/C Agreement; or (ii) Investcorp Bank, as subrogee under the Term Loan L/C Agreement, may be entitled.

Encumbered Cash means any Cash (a) in which AG has a valid, perfected security interest and (b) which secures an Allowed AG Claim.

Encumbered Cash means (a) any Cash (i) in which either the ABL Lenders or the Term Lenders have a valid, perfected security interest and (ii) which secures an Allowed ABL Claim or an Allowed Term Loan Claim, as applicable, and (b) the proceeds of any non- Cash collateral of the ABL Lenders or the Term Lenders, as applicable.