INITIAL CASH COLLATERAL definition

INITIAL CASH COLLATERAL means cash in the amount of $13,056,950.
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INITIAL CASH COLLATERAL means cash collateral in an amount not less than $1,500,000 which is to be deposited by Borrower with Lender at or prior to closing.
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Examples of INITIAL CASH COLLATERAL in a sentence

  • VWFSJ will also entrust the Initial Cash Collateral Amount to the Trustee of the First Trust on the Cash Entrustment Date.

  • The principal amount of Initial Subordinated Beneficial Interest will be increased by the entrustment of the Initial Cash Collateral Amount on the Cash Entrustment Date.

  • USE OF PROCEEDS The aggregate gross proceeds from the issue of the Initial Notes and the Subordinated Loan has been used to purchase the Purchased Receivables from VWFS, against payment of the Initial Receivables Purchase Price, and to endow the Cash Collateral Account with GBP 3,400,000 which is equal to the sum of the Initial Cash Collateral Amount.

  • The amount of A$1,373,880 served as the Initial Cash Collateral Amount.

  • The Subordinated Loan serves as credit enhancement and ranks below the Notes with respect to payment of interest and principal.Cash Collateral AccountThe Issuer deposited GBP 3,400,000 into the Cash Collateral Account which will serve as the initial Cash Collateral Amount ("Initial Cash Collateral Amount") such amount will be increased by an amount to increase it to 1.2 per cent.

  • The Initial Cash Collateral Amount is RMB 96,000,000.00, and is expected to cover 3-month expenses and interest incurred or accrued under the Senior Notes.

  • USE OF PROCEEDS The aggregate gross proceeds from the issue of the Notes and the Subordinated Loan will be used to purchase the Purchased Receivables from VWFS, against payment of the Initial Receivables Purchase Price, and to endow the Cash Collateral Account with GBP 15,000,000 which is equal to the sum of the Initial Cash Collateral Amount.

  • Specified Cash Collateral Account Balance means during the Revolving Period the Initial Cash Collateral Amount and, on each Payment Date after the expiration of the Revolving Period the greater of (a) 1.2 per cent.

  • The Initial Cash Collateral Amount is RMB 72,000,000.00, and is expected to cover 3-month expenses and interest incurred or accrued under the Senior Notes.

  • The Company reserves, at any and all times, the right, in the Company’s sole and absolute discretion, to establish, decline to approve or terminate any program or procedures for theexercise of Options by means of a Cashless Exercise, including with respect to one or more Participants specified by the Company notwithstanding that such program or procedures may be available to other Participants.

Related to INITIAL CASH COLLATERAL

  • L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by the Borrower in a notice to the Administrative Agent and (b) from and after the effectiveness of such notice, not containing any funds other than those required under the Loan Documents to be placed therein.

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

  • Cash Collateral Account means a blocked, non-interest bearing deposit account of one or more of the Loan Parties at Bank of America in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner satisfactory to the Administrative Agent.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • 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.

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

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

  • Final Cash Collateral Order means the Final Order of the Bankruptcy Court entered on March 30, 2020, wherein the Bankruptcy Court authorized the Debtors’ continued use of cash collateral subject to certain conditions contained therein.

  • 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.

  • Cash Collateralization has a correlative meaning.

  • Cash Collateral Order means an order entered by the Bankruptcy Court authorizing the Company to use cash collateral on a final (as opposed to interim) basis pursuant to sections 361 and 363 of the Bankruptcy Code, which order shall be acceptable to the Investor and shall contain a cash budget that is similar in all material respects to the budget attached hereto as Exhibit A.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • LC Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  • 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.

  • Tranche A Lenders means, collectively, the Lenders having a Tranche A Commitment or all or a portion of the Tranche A Loans owing to it; sometimes being referred to herein individually as a “Tranche A Lender”.

  • Credit Obligations means all obligations of the Borrowers to the Lender Parties arising under or in connection with or in respect of the Credit Documents, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

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

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • 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.

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.