New Cash Collateral Account definition

New Cash Collateral Account means, together, a current account and a time deposit account opened or (as the context may require) to be opened in the name of the Borrower with the Agent (in its office at Xxxxx Xxxx 00, X-00000 Xxxxxxx, Xxxxxxx), or any other account (with that or another office of the Agent) which is designated by the Agent as the New Cash Collateral Account for the purposes of this Agreement;
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New Cash Collateral Account means the interest bearing Dollar account opened jointly by the Bikini Borrower and the New Borrower with the Bank with account number XX00 0000 0000 0000 0000 0000 000 and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the “New Cash Collateral Account” for the purposes of this Agreement;
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Examples of New Cash Collateral Account in a sentence

  • Notwithstanding any transfers out of the New Cash Collateral Account, as contemplated under this Section 18.3, the New Cash Collateral Account (and the related pledge of the New Cash Collateral Account, shall remain in force and effect for the purposes of Section 18.3(d).

  • Lessee intends that, so long as this Section 18.3(h) is in effect, Lessor, in its capacity as the depository institution with respect to the New Cash Collateral Account or the New Account, shall be entitled to rely on this Section 18.3(h) in denying requests by Lessee and any creditors of Lessee to execute account control agreements relating to the New Cash Collateral Account or the New Account.

  • For the avoidance of doubt, should Lessor determine that Lessee has failed to comply with the provisions of this Section 18.3(f) and transfers the foregoing amount to the New Cash Collateral Account, then, during such period as the Additional Cash Collateral Level remains in the New Cash Collateral Account, Lessee shall not be subject to any minimum account balance requirements for the New Account or the WT Account (on a separate or combined basis).

  • Lessee shall not grant, permit or suffer to exist any Lien on the New Cash Collateral Account or the New Account, except liens in favor of Lessor.

  • Within forty-five (45) days after the date of the Third Amendment, Lessee shall deliver to Lessor a letter, in the form of Exhibit A attached hereto, from each of Generate Lending, LLC and such other secured party to whom Lessee has granted a blanket Lien or a specific Lien on the New Cash Collateral Account or the New Account.

  • Following the conclusion of these CCAA proceedings, CIBC shall transfer any residual amount from the Holdback following payment of CIBC’s legal fees and costs into the New Cash Collateral Account.

  • Lessee represents and warrants to Lessor that, as of the date of the Third Amendment, Lessee has not granted, permitted or suffered to exist the imposition of any Lien on the New Cash Collateral Account or the New Account in favor of anyone.

Related to New Cash Collateral Account

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Cash Collateral Accounts shall have the meaning given to such term in Section 11.1 hereof.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Collateral Account is any Deposit Account, Securities Account, or Commodity Account.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Cash Collateralization has a correlative meaning.

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Available Reserve Account Amount means, with respect to any Transfer Date, the lesser of (a) the amount on deposit in the Reserve Account on such date (after taking into account any interest and earnings retained in the Reserve Account pursuant to subsection 4.15(b) on such date, but before giving effect to any deposit made or to be made pursuant to subsection 4.11(i) to the Reserve Account on such date) and (b) the Required Reserve Account Amount.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Cash Collateralize has the meaning specified in Section 2.03(g).