Letter of Credit Cash Collateral definition

Letter of Credit Cash Collateral shall have the meaning set forth in Section 3.1(a) hereof.
Letter of Credit Cash Collateral shall have the meaning provided in Section 1.13(a)(iv).
Letter of Credit Cash Collateral has the meaning set forth in Section 4.6(c).

Examples of Letter of Credit Cash Collateral in a sentence

  • If any Letter of Credit Usage remains or is expected to remain outstanding on the Revolving Termination Date (as it may be extended), Borrower shall, at least 15 days prior to the Revolving Termination Date (as it may be extended), deposit cash in an amount equal to the Letter of Credit Usage applicable to it in a Letter of Credit Cash Collateral Account.

  • If any Letter of Credit Usage remains outstanding after the Maturity Date, Borrower shall, not later than such date, deposit cash in an amount equal to such Letter of Credit Usage in a Letter of Credit Cash Collateral Account.

  • Xxxxx Xxxxxxxx Title: Vice President Letter of Credit Cash Collateral Agreement Signature Page Letter of Credit Cash Collateral Agreement Signature Page BANK OF AMERICA, N.A., as Administrative Agent By: Name: Xxxxxx X.

  • The Company hereby pledges, assigns and grants to the Agent on behalf of the Lenders a security interest in the Letter of Credit Cash Collateral Account, anyand all funds from time to time contained therein, and all products and proceeds of the foregoing.

  • Letter of Credit Cash Collateral Agreement Signature Page BEARINGPOINT, INC., as Borrower By: /s/ Xxxxxxx X.


More Definitions of Letter of Credit Cash Collateral

Letter of Credit Cash Collateral means, on any date of determination, the amount of cash (excluding the $5,000,000 pledged to Agent pursuant to Deposit Account Assignment Agreement described in subclause (ii) of the definition ofPledge Agreements”) which Borrowers have pledged to Agent for the benefit of Lenders pursuant to documentation acceptable to Agent in its reasonable discretion and in which Agent has a first priority security interest.
Letter of Credit Cash Collateral means any cash collateral furnished to the Collateral Agent pursuant to section 8.2 of the Bank Credit Agreement or deposited with or held by the Bank Agent, any Bank or the Collateral Agent as collateral security for any Letters of Credit.
Letter of Credit Cash Collateral means cash deposited by Borrower with the Agent to secure obligations of Borrower under Letters of Credit (contingent or otherwise) pursuant to agreements in form and substance satisfactory to the Agent.
Letter of Credit Cash Collateral means any cash collateral posted by any Seller with respect to the issuance of any letter of credit required by any Governmental Entity for a Seller to operate in a specific jurisdiction.
Letter of Credit Cash Collateral as defined in subsection 2.2.
Letter of Credit Cash Collateral means the cash collateral described in the Pledge and Assignment Agreement, in an amount equal to not less than one hundred percent (100%) of the Outstanding Letter of Credit Obligations.
Letter of Credit Cash Collateral has the meaning specified therefor in the definition of Letter of Credit Collateralization.”