Examples of Eligible Cash Equivalents in a sentence
Upon Shareholder’s pledge of such Eligible Cash Equivalents, such Eligible Cash Equivalents shall replace the options, rights or warrants as Exchange Property, and the options, rights or warrants shall be released from the Collateral and delivered by the Collateral Agent to Shareholder.
Liens securing obligations to any lender under Debt Facilities or any Affiliate of such a lender, solely in respect of any overdraft and related liabilities arising from treasury, depository and cash management services or any automated clearing house transfers of funds or Liens securing cash or Eligible Cash Equivalents pursuant to cash management arrangements in the ordinary course of business.
Notwithstanding the foregoing, Shareholder may not pledge Eligible Cash Equivalents under this clause (b) unless each other Shareholder with an outstanding Contract pledges its applicable amount of Eligible Cash Equivalents in accordance with the analogous provisions of the Contract to which such Shareholder is a party, such that there is an identical adjustment to the types and amounts of Exchange Property comprising the Exchange Property Unit under each of the outstanding Contracts.
Eligible Cash Equivalents means, at any time, all Cash Equivalents on deposit with Agent or any Lender which are subject to an Agency Account Agreement.
In such an instance, the per-option, -right or -warrant amount of such Eligible Cash Equivalents will equal the fair market value of such Eligible Cash Equivalents divided by (y) the Aggregate Number.