Permitted Cash Collateral means (a) Cash Collateral and (b) such other short-term, highly liquid Investments and other debt instruments and debt securities that are both (i) readily convertible to known amounts of cash and (ii) so near their maturity that they present insignificant risk of decreases in value because of changes in interest rates.
Permitted Cash Collateral means each of the following instruments and securities to the extent having maturities (for purposes of this definition, “maturities” shall mean (i) weighted average life for asset-backed securities, mortgage-backed securities, commercial mortgage-backed securities and collateralized mortgage obligations, and the next reset date for auction rate securities and (ii) with respect to mutual funds, the weighted average maturity of the investments it owns) not greater than 180 days from the date of acquisition thereof:
Permitted Cash Collateral means cash collateral in an aggregate amount not to exceed $675,000 securing Indebtedness described in clauses (g) and (h) of the defined term “Permitted Indebtedness” and maintained in a Deposit Account identified to Agent on the Perfection Certificate or from time to time thereafter in writing.
Examples of Permitted Cash Collateral in a sentence
The value of the Permitted Cash Collateral is greater than or equal to the Required Collateral Amount.
In the case of any new Term Loan, the Borrower shall have deposited into the Cash Collateral Account sufficient Permitted Cash Collateral so that, after giving effect to the making of such Term Loan, the value of all Permitted Cash Collateral maintained in the Cash Collateral Account is not less than the Required Collateral Amount.
Receipt of the Agent of (i) Permitted Cash Collateral with a value of not less than the Required Collateral Amount, calculated after giving effect to the making of the Term Loan on the Closing Date and (ii) such other documentation and information as required herein or by the Collateral Documents.
Receipt of the Agent of (i) Permitted Cash Collateral with a value of not less than the Required Collateral Amount, calculated after giving effect to the making of the Term Loan on the Effective Date and (ii) such other documentation and information as required herein or by the Collateral Documents.
The Administrative Agent shall have received evidence reasonably satisfactory to it that the fair market value of the Permitted Cash Collateral as of the Closing Date is at least $100,000,000 as determined in accordance with GAAP.
More Definitions of Permitted Cash Collateral
Permitted Cash Collateral means (i) cash and (ii) investments in the Nations Money Market Reserves Fund and Nations Treasury Reserves Fund held in the BAS Investment Collateral Account or any successor funds approved by the Administrative Agent;
Permitted Cash Collateral means, at any time, (a) cash collateral in favor of Bank of America, N.A. in an aggregate amount not to exceed, at such time, 105% of the aggregate face amount (excluding any increases to any such face amount due to any automatic increase provisions thereof) of all outstanding letters of credit issued by Bank of America, N.A. under the Prior Credit Agreement and (b) cash collateral in favor of Bank of America, N.A. or such other Person in an aggregate amount not to exceed $100,000 solely to secure the exposure of Bank of America, N.A. or such other Person with respect to certain cash management services (to the extent permitted by this Agreement) provided by Bank of America, N.A. or such Person to the Credit Parties.
Permitted Cash Collateral is defined in Section 6.15(j).
Permitted Cash Collateral has the meaning as defined in the US Credit Agreement.
Permitted Cash Collateral shall have the meaning provided in the definition of Other Account Intermediary Liens.
Permitted Cash Collateral means (a) cash and Cash Equivalents and (b) securities listed on Schedule 1.1(d); provided, that (i) with respect to both (a) and (b) above, (A) such cash, Cash Equivalents or other securities are held in a Cash Collateral Account and (B) the Administrative Agent, on behalf of the Lenders, shall have a first priority perfected security interest in such cash, Cash Equivalents or other securities and (ii) with respect to (b) above, (A) such securities are required to be valued on a xxxx-to-market basis in accordance with GAAP and in accordance with GAAP are required to be reflected in the financial statements of the Borrower delivered pursuant to Section 5.1 and (B) any such securities are rated A2 (or the equivalent thereof) or better by Xxxxx’x and A (or the equivalent thereof) or better by S&P.
Permitted Cash Collateral means each of the following instruments and securities to the extent having maturities (for purposes of this definition, “maturities” shall mean (i) weighted average life for asset-backed securities, mortgage-backed securities, commercial mortgage-backed securities and collateralized mortgage obligations, and the next reset date for auction rate securities and (ii) with respect to mutual funds, the weighted average maturity of the investments it owns) not greater than six months from the date of acquisition thereof: (a) cash, (b) investments in money market mutual funds that are registered with the SEC and subject to Rule 2a-7 of the Investment Company Act of 1940 and have a net asset value of 1.0, (c) U.S. Treasury Notes, (d) direct obligations of the United States (including obligations of agencies and sponsored enterprises of the United States) and other obligations whose principal and interest is fully guaranteed by the United States, (e) money market instruments (including, but not limited to, commercial paper, banker’s acceptances, time deposits and certificates of deposits) rated at least A-1 by S&P or P-1 by Moody’s at the time of purchase, (f) obligations of corporations or other business entities (including, bonds, notes and other structured obligations) rated at least AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase, (g) asset-backed securities rated at least AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase, (h) mortgage-backed securities, commercial mortgage-backed securities and collateralized mortgage obligations rated at least AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase, (i) repurchase obligations that are collateralized no less than 102% of market value (including accrued interest) by obligations of the U.S. government or one of its sponsored enterprises or agencies, (j) municipal obligations issued by any state of the United States of America or any municipality or other political subdivision of any such state rated at least AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase, (k) 7, 28 or 35 day auction rate securities rated at least AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purchase and (l) shares in bond mutual funds that are registered under the Investment Company Act of 1940 that invest solely in the items set forth in (a)-(k) above and maintain an average credit quality of at least AAA by S&P, Aaa by Moody’s or AAA by Fitch at the time of purcha...