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.
L/C Cash Collateral Account has the meaning specified in the Security Agreement.
L/C Cash Collateral Account has the meaning specified in Section 7.02(b).
Examples of L/C Cash Collateral Account in a sentence
Upon the drawing of any Letter of Credit, to the extent funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Banks to the extent permitted by applicable law.
After (i) no Event of Default shall be continuing or (ii) all such Letters of Credit shall have expired or been fully drawn upon and all other obligations of the Borrower hereunder and under the Notes shall have been paid in full, the balance, if any, in such L/C Cash Collateral Account shall be returned to the Borrower.
More Definitions of L/C Cash Collateral Account
L/C Cash Collateral Account has the meaning specified in Section 2.16(g) hereof.
L/C Cash Collateral Account has the meaning specified in the Preliminary Statements to the Security Agreement.
L/C Cash Collateral Account means an account of the Borrower to be maintained with the Administrative Agent, in the name of the Administrative Agent and under the sole control and dominion of the Administrative Agent and subject to the terms of this Agreement.
L/C Cash Collateral Account as defined in Section 3.1(c).
L/C Cash Collateral Account means the account established by the Borrower in the name of the Administrative Agent and under the sole and exclusive control of the Administrative Agent that shall be used solely for the purposes set forth herein.
L/C Cash Collateral Account means any Cash Collateral Account (a) specifically designated as such by Borrowers in a notice to 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.
L/C Cash Collateral Account means the l/c cash collateral deposit account, Account No. 00000000, with Citibank, as securities intermediary and depository bank, at its office at Xxx Xxxxx Xxx, 0xx Xxxxx, Xxx Xxxxxx, Xxxxxxxx 00000, in the name of the Borrower but under the sole control and dominion of the Agent and subject to the terms of this Agreement.