Cash Collateral Account definition

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 Account means a non-interest bearing cash collateral account maintained with, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Creditors.

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.

Examples of Cash Collateral Account in a sentence

• Agent shall have received satisfactory evidence that the Advance Account, the General Account and the Cash Collateral Account are open.

• Borrower authorizes Agent and each Lender, in Agent’s or such Xxxxxx’s sole discretion, upon notice to the Borrower to charge General Account, Cash Collateral Account, Advance Account and any other account maintained with the Agent or such Lender for the amount of any principal, interest, or other amounts or costs due under this Agreement when the same become due and payable under the terms of this Agreement or the Notes.

• Maintain the Advance Account, Cash Collateral Account and the General Account with Agent.

• Agent may, at its option, directly charge the General Account, the Advance Account and/or the Cash Collateral Account for interest due hereunder and for any Fees, and shall promptly thereafter notify the Borrower of the occurrence thereof.

More Definitions of Cash Collateral Account

Cash Collateral Account means a collateral account established with the Administrative Agent, in the name of the Administrative Agent and under its sole dominion and control, into which the Borrower shall from time to time deposit Dollars pursuant to the express provisions of this Agreement requiring such deposit.

Cash Collateral Account has the meaning provided in Section 2.11(b).

Cash Collateral Account is defined in Section 6.3(c).

Cash Collateral Account has the meaning set forth in Section 4.01(a)(ii).

Cash Collateral Account shall have the meaning given to such term in Section 3.8.

Cash Collateral Account has the meaning ascribed to it Annex B.

Cash Collateral Account has the meaning specified in the Security Agreement.