Excess Cash Account definition

Excess Cash Account has the meaning assigned to such term in the Security Agreement.
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Excess Cash Account means the account of that name established pursuant to Section 3.1 of the Collateral Agency Agreement.
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Excess Cash Account means a Dollar account of the Borrowers opened or (as the context may require) to be opened with the Account Bank and includes any sub-accounts thereof and any other account designed in writing by the Bank to be an Excess Cash Account for the purposes of this Agreement;
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Examples of Excess Cash Account in a sentence

  • If an Event of Default shall have occurred and be continuing, the Collateral Agent may, at the direction of the Majority Lenders, apply funds in the Excess Cash Account in accordance with Section 6.02.

  • Amounts deposited in the Excess Cash Account shall be held therein as Collateral for the Secured Obligations, provided that the Collateral Agent shall, to the extent required by (and otherwise on the terms set forth in) the proviso to Section 5.09 of the Credit Agreement, release and pay over to the Company free of the Transaction Liens such amounts as provided in such proviso.

  • Under the arrangement with the Successor Lockbox Trustee, GATC will have the right to investigate the deduction taken by the Customer and, if it is able to demonstrate that the deduction should have been allocated to the Company, the Company will promptly refund such amount to GATC; provided however, that no such refund shall be made from funds which are held pursuant to the Intercreditor Agreement (other than amounts held in Excess Cash Account).

  • Establishing and Maintaining the Debt Service Reserve Account and Fortress Excess Cash Account.

  • So long as ---------------------------------------------- no Lease Event of Default shall have occurred and be continuing, on each Monthly Transfer Date the Company shall have the right to withdraw any amounts on deposit in the Excess Cash Account, if any, free and clear of the Security Interests.


More Definitions of Excess Cash Account

Excess Cash Account has the meaning given to it in the Accounts Agreement.
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Excess Cash Account means a bank account that may in the discretion of the Plan Administrator be established on or after the Effective Date, for the purpose of the depositing all Excess Cash and making Distributions from Excess Cash in accordance with the terms and conditions of the Plan and the Plan Trust Agreement.
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Excess Cash Account as defined in subsection 12.11.
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Excess Cash Account shall have the meaning given such term in ------------------- Paragraph 11(m) above. ---------------
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Excess Cash Account means an account in the joint names of the Borrowers with the Agent in Rotterdam designated "Kaben Shipping Company and Taroa Shipping Company Inc. - Excess Cash Account", or any other account (with that or another office of the Agent or with a bank or financial institution other than the Agent) which is designated by the Agent as the Excess Cash Account for the purposes of this Agreement, and, in the plural, means both of them;
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Excess Cash Account means the CIBC account bearing number 10-46217 (transit 00001), established by the Partnership.
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Excess Cash Account shall have the meaning assigned thereto in the Intercreditor Agreement.
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