TFM Notes Account definition
TFM Notes Account means, initially, a blocked cash collateral account maintained with the Administrative Agent into which cash proceeds of the Senior Notes in an amount not less than the aggregate principal amount of the TFM 2010 Notes will be deposited on the Effective Date, and thereafter “TFM Notes Account” shall mean collectively such blocked cash collateral accounts as shall from time to time be maintained with the Administrative Agent or other Lenders or Affiliates of Lenders holding cash and Permitted Investments in an amount not less than the aggregate principal amount of the TFM 2010 Notes.
Examples of TFM Notes Account in a sentence
The Company shall have issued the Senior Notes in the original face amount of not less than $500,000,000 (without giving effect to any original issue discount), which issuance shall be on terms satisfactory to the Arrangers, and shall have established the TFM Notes Account with a portion of the proceeds of such Senior Notes.