Excess Cash Flow Subaccount definition
Examples of Excess Cash Flow Subaccount in a sentence
In the event of a Cash Trap Event Period, all Excess Cash Flow (as defined in the Cash Management Agreement) shall be deposited into the Excess Cash Flow Subaccount (as defined in the Cash Management Agreement), as more particularly set forth in the Cash Management Agreement.
In the event of a Cash Trap Event Period (as defined in the Cash Management Agreement), all Excess Cash Flow (as defined in the Cash Management Agreement) shall be deposited into the Excess Cash Flow Subaccount (as defined in the Cash Management Agreement), as more particularly set forth in the Cash Management Agreement.
The unaudited fair value of the Think Trader Investment as at 31 December 2023 on the consolidated financial statements of the Company was approximately RMB195.57 million.
The Cash Trap Funds shall be held in the Excess Cash Flow Subaccount (as defined in the Cash Management Agreement), which shall be an Interest Bearing Account.
All funds in the Master Tenant’s Excess Cash Flow Subaccount shall be held as additional collateral for Master Tenant’s obligations under the Master Lease (which has been collaterally assigned by Borrower to Lender).
Agent shall disburse funds on deposit in the Excess Cash Flow Subaccount to the Excess Cash Flow Reserve Fund for the purposes set forth in Section 7.5 of the Loan Agreement.
All funds in the Borrower’s Excess Cash Flow Subaccount shall be held as additional collateral for the Loan, provided that during the continuance of an Event of Default, Lender may, in addition to any and all other rights and remedies available to Lender, apply any sums then present in Borrower’s Excess Cash Flow Subaccount to the payment of the Debt in any order in its sole discretion.
Upon the occurrence of an Event of Default, all Excess Cash Flow (as defined in the Cash Management Agreement) shall be deposited into the Excess Cash Flow Subaccount (as defined in the Cash Management Agreement), as more particularly set forth in the Cash Management Agreement.
Cash Management Bank shall disburse funds in the Excess Cash Flow Subaccount (i) following Cash Management Bank's receipt of notice from Lender or Designee that a Cash Sweep Event Period has occurred and is continuing, to Designee for deposit into the Excess Cash Flow Account to be held and applied in accordance with the terms and conditions of Sections 6.
Section 1.1 of the Cash Management Agreement is hereby amended by the deleting the second-to-last sentence thereof and substituting therefor the following: "The Restricted Account and Excess Cash Flow Subaccount shall be assigned the federal tax identification number of Borrower, which number is ▇▇-▇▇▇▇▇▇▇".