Cash Collateral Security Sample Clauses
The Cash Collateral Security clause establishes that cash or cash-equivalent assets are pledged as security for an obligation, such as a loan or credit facility. In practice, this means that the borrower must deposit funds into a designated account, which the lender can access or control if the borrower defaults on their obligations. This arrangement provides the lender with a readily available source of repayment, thereby reducing credit risk and ensuring that the lender has a clear and liquid form of collateral to secure the transaction.
Cash Collateral Security. The information supplied by the Borrower in accordance with Clause 17.5 is true and accurate in all material respects as at its stated date and does not omit any material information which would render such disclosure misleading in any material respect.
Cash Collateral Security. The Borrower undertakes to provide on or prior to 30 April, 2003 to the Bank a schedule in respect of each Relevant Subsidiary (to the extent applicable) providing details of all cash collateral granted by it as at the date of the Amendment Agreements by way of security for off-balance sheet undertakings.