Examples of Restricted Cash Collateral Account in a sentence
The Borrower shall, promptly after receipt of any funds previously withdrawn from the Restricted Cash Collateral Account that were used to collateralize any obligation described in the definition of Restricted Cash Collateral Account, deposit such funds in the Restricted Cash Collateral Account.
The Borrower shall not withdraw funds from (i) the Debt Reserve Collateral Account except for the purposes set forth in the Debt Reserve Collateral Account Agreement, and (ii) the Restricted Cash Collateral Account except for the purposes set forth in the Restricted Cash Collateral Account Agreement.
Such security interest shall be prior to the security interest in the Restricted Cash Collateral Account granted to the Secured Parties under clause (b) below until such time as the Existing L/Cs have been cancelled and/or cash collateralized.
At the Borrower’s option during the Cash Collateral Period, it may in, lieu of remitting the amount necessary to reimburse such drawing, send written instruction to Royal not later than 12:00 noon Toronto time, directing Royal to debit the Restricted Cash Collateral Account in the amount necessary to reimburse such drawing.
At the Borrower’s option, it may in, lieu of remitting the amount necessary to reimburse such drawing, send written instruction to Royal not later than 12:00 noon Toronto time, directing Royal to debit the Restricted Cash Collateral Account in the amount necessary to reimburse such drawing.