Term Loan Cash Collateral Account definition

Term Loan Cash Collateral Account has the meaning assigned to the term “Term Loan Cash Collateral Account” in the Intercreditor Agreement.
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Term Loan Cash Collateral Account has the meaning specified therefor in Section 2.4(b)(i)(G).
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Term Loan Cash Collateral Account means a commercial Deposit Account designated "term loan cash collateral account" and maintained by Borrower with KeyBank, without liability by KeyBank or Lender to pay interest thereon, from which account Lender shall have the exclusive right to withdraw funds until all of the Debt is paid in full.
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Examples of Term Loan Cash Collateral Account in a sentence

  • Prevented never events are defined as SI that may have been never events had action not been taken to avoid a SI meeting the never event criteria and where such action is not part of the specified preventative action detailed in the relevant guidance or safety recommendations.

  • The Borrower shall have the right to elect to use funds on deposit in the Term Loan Cash Collateral Account to prepay the Term Loan in order to achieve compliance with this Section, and upon such election and payment, all such prepayments shall be applied first to Base Rate Term Loan Advances then outstanding, and then to Eurocurrency Rate Term Loan Advances with the shortest Interest Periods remaining.

  • If a Dominion Account (other than the Term Loan Cash Collateral Account) is not maintained with Bank of America, Agent may require immediate transfer of all funds in such account to a Dominion Account maintained with Bank of America.

  • Each Borrower authorizes and directs each bank or other depository to deliver to Agent, on a daily basis, all balances in each Deposit Account (other than any Excluded Deposit Account and the Term Loan Cash Collateral Account) maintained by such Borrower with such depository for application to the Obligations then outstanding.

  • The Borrower shall have the right to obtain the release of funds from such Term Loan Cash Collateral Account if it elects to use such cash collateral for such purposes.

  • Each payment of Consolidated Excess Cash Flow shall be applied, first, to pay the Amortization Amounts due on such Amortization Date and any excess shall be deposited in the Term Loan Cash Collateral Account.

  • COMMISSIONER COMMENTS (CONTINUED) Mayor McCulloh informed the community that the agreement with the Downtown Farmer's Market is on the consent agenda and will be open beginning April 16, 2016.

  • 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.

  • The Borrower shall assure that the ratio of the amount of the Term Loan Eligible Collateral to the amount of Term Loan Advances as of the end of any fiscal month is not less than 1.50 to 1.0. Within 5 business days of obtaining actual knowledge that the ratio is less than that required by this Section, the Borrower shall deposit funds in the Term Loan Cash Collateral Account in accordance with Section 2.11 of the Agreement.

  • If the Borrower or any of its Subsidiaries issues any equity securities after the Fifth Amendment Closing Date, the Net Cash Proceeds thereof shall be deposited in the Term Loan Cash Collateral Account.


More Definitions of Term Loan Cash Collateral Account

Term Loan Cash Collateral Account. “ has the meaning specified in Section 2.9(e).”
Sample 1
Term Loan Cash Collateral Account means a cash collateral account in the name of Borrower and subject to a Blocked Account Agreement, into which the Net Cash Proceeds of the Term Loan Collateral, including the Term Loan Borrowing Base and, at the election of Borrower, cash or Cash Equivalents are deposited pursuant to the Agreement, the Collateral Documents and any other Loan Document.
Sample 1

Related to Term Loan 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.

  • 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.

  • 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).

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

  • 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.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • 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.

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

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

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

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

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • 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.]

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

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

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Bank Credit Facility means any credit agreement or working capital facility among the Company and/or its Subsidiaries and one or more lenders, as such credit agreement or working capital facility may be amended, renewed, extended, substituted, refinanced, restructured, replaced, supplemented or otherwise modified (including with other lenders) from time to time, regardless of whether any other credit agreement or working capital facility or any portion thereof was outstanding or in effect at the time of such amendment, renewal, extension, substitution, refinancing, restructuring, replacement, supplement or modification.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).