Cash Collateral Amounts. With respect to each Eligible Receivable, if the related Contract (or related documentation) includes a “cash collateral” feature, then all such “cash collateral” shall be deposited to the Deposit Accounts held at [*] (numbered [*] and [*]) and such amounts shall be used to secure the obligations of the related Obligor.”
Appears in 2 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Cash Collateral Amounts. With respect to each Eligible Receivable, if the related Contract (or related documentation) includes a “cash collateral” feature, then all such “cash collateral” shall be deposited to the Deposit Accounts held at [*] (numbered [*] and [*]) and such amounts shall be used to secure the obligations of the related Obligor.”
Appears in 2 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Cash Collateral Amounts. With respect to each Eligible Receivable, if the related Contract (or related documentation) includes a “cash collateral” feature, then all such “cash collateral” shall be deposited to the Deposit Accounts held at [**] (numbered [**] and [**]) and such amounts shall be used to secure the obligations of the related Obligor.”
Appears in 2 contracts
Samples: Receivables Purchase Agreement (KAR Auction Services, Inc.), Receivables Purchase Agreement (KAR Auction Services, Inc.)
Cash Collateral Amounts. With respect to each Eligible Receivable, if the related Contract (or related documentation) includes a “cash collateral” feature, then all such “cash collateral” shall be deposited to the Deposit Accounts Account held at [*] (numbered [*] and [*]) and such amounts shall be used to secure the obligations of the related Obligor.”
2.9 Clause (j) in Exhibit V is hereby amended and restated in its entirety as follows:
Appears in 1 contract
Samples: Receivables Purchase Agreement (KAR Holdings, Inc.)
