Specified Distributable Cash Account definition

Specified Distributable Cash Account means the following deposit account in the name of the Borrower: (i) prior to the Discharge of ABL Obligations, Account No. 488073974976 entitled “USWS Specified Distributable Cash Account” opened at Bank of America in the name of the Borrower and (ii) on and after the Discharge of ABL Obligations, a deposit account entitled “USWS Specified Distributable Cash Account” opened at ▇▇▇▇ Bank USA in the name of the Borrower, in each case, pursuant to which only (i) any Equity Issuance Proceeds, (ii) [Reserved], and (iii) amounts permitted to be transferred to the Borrower in accordance with Section 2.14(f)(ii) are deposited (and amounts constituting interest thereon).
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Specified Distributable Cash Account means the following deposit account in the name of the Borrower: (i) prior to the Discharge of ABL Obligations, Account No. [***] entitled “USWS Specified Distributable Cash Account” opened at Bank of America in the name of the Borrower and (ii) on and after the Discharge of ABL Obligations, a deposit account entitled “USWS Specified Distributable Cash Account” opened at Beal Bank USA in the name of the Borrower, in each case, pursuant to which only (i) any Equity Issuance Proceeds, (ii) amounts permitted to be transferred to the Borrower on each Cash Flow Payment Date pursuant to level eleventh of Section 2.14(c)(xi) and (iii) amounts permitted to be transferred to the Borrower in accordance with Section 2.14(f)(ii) are deposited (and amounts constituting interest thereon).
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Specified Distributable Cash Account means the following deposit account in the name of the Borrower: (i) prior to the Discharge of ABL Obligations, Account No. [***] entitled “USWS Specified Distributable Cash Account” opened at Bank of America in the name of the Borrower and (ii) on and after the Discharge of ABL Obligations, a deposit account entitled “USWS Specified Distributable Cash Account” opened at ▇▇▇▇ Bank USA in the name of the Borrower, in each case, pursuant to which only (i) any Equity Issuance Proceeds, (ii) amounts permitted to be transferred to the Borrower on each Cash Flow Payment Date pursuant to level eleventh of Section 2.14(c)(xi) and (iii) amounts permitted to be transferred to the Borrower in accordance with Section 2.14(f)(ii) are deposited (and amounts constituting interest thereon).
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Examples of Specified Distributable Cash Account in a sentence

  • The Borrower shall be permitted to transfer funds in the Specified Distributable Cash Account as directed by the Borrower.

  • In the event any Lenders decline such Unused Reinvestment Proceeds in accordance with Section 2.04(c), the Borrower shall deposit any such declined amount in the Specified Distributable Cash Account.

  • In the event any Lenders decline such Unused Capex Reserve Proceeds in accordance with Section 2.04(c), the Borrower shall deposit any such declined amount in the Specified Distributable Cash Account.

  • On or prior to the Effective Date, the Borrower shall establish each of the Collateral Accounts and the Specified Distributable Cash Account.

  • No Loan Party has any deposit or securities accounts other than (i) the Collateral Accounts, (ii) the Specified Distributable Cash Account and (iii) as otherwise permitted under the terms of the Loan Documents.

  • Permit the Borrower or any Loan Party to make any payment to any Equipment Finance SPV that is greater than the internally generated cash already received by the Borrower or such Loan Parties from the internally generated cash of such Equipment Finance SPV or from the amount on deposit in the Specified Distributable Cash Account.

  • No Loan Party has any deposit or securities accounts other than (i) the Collateral Accounts, (ii) the Specified Distributable Cash Account, (iii) the CARES Act Loan Account, and (iv) as otherwise permitted under the terms of the Loan Documents.

  • Promptly, but in no event later than 5 Business Days following the Discharge of ABL Obligations, transfer each of the Revenue Account and the Specified Distributable Cash Account to ▇▇▇▇ Bank USA and cause such Revenue Account and Specified Distributable Cash Account to be subject to an Account Control Agreement between the Borrower, ▇▇▇▇ Bank USA and the Administrative Agreement.

  • Investments with proceeds from the Specified Distributable Cash Account.