Examples of Term Loan Cash Collateral in a sentence
So long as any Incremental Term Loan is outstanding hereunder, the Incremental Term Loan Agreements and/or the Account Control Agreements create valid security interests in, and Liens on, the Incremental Term Loan Cash Collateral purported to be covered thereby, which security interests and Liens are, if applicable, perfected security interests and Liens, prior to all other Liens (other than inchoate Liens permitted under Section 7.01).
Term Loan Cash Collateral - as defined in Section 1.3 of the Agreement.
The balance in the Cash Collateral Account or Term Loan Cash Collateral Account may be withdrawn by Borrower upon termination of this Agreement and payment in full of all of the Debt or at any time that no Event of Default is in existence.
Lender may, in its sole discretion, at any time and from time to time during the continuance of an Event of Default, release funds from the Cash Collateral Account or Term Loan Cash Collateral Account to Borrower for use in Borrower's business and Lender shall release such funds to Borrower at all times when no Event of Default shall exist.