Common use of Cash Dominion Clause in Contracts

Cash Dominion. Subject to Section 4.01, at such time as the Agents are sweeping cash from the Cash Management Accounts pursuant to Section 8.01(d), the Administrative Agent shall on each Business Day apply all funds transferred to or deposited in the Administrative Agent’s Account to the payment, in whole or in part, of the Revolving Loans (or, in the event the Revolving Loans have been paid in full, to the Cash Collateralization of any outstanding Letters of Credit).

Cash Dominion. Subject to Section 4.01, at At such time as the Agents are Administrative Agent or the Collateral Agent is sweeping cash from the Cash Management Accounts pursuant to Section 8.01(d10.21(b), the Administrative Agent shall on each following Business Day apply all funds transferred to or deposited in with the Administrative Agent’s Account Agent to the payment, payment in whole or in part, of the Revolving Loans (or, in the event the Revolving Loans have been paid in full, to the Cash Collateralization cash collateralization of any outstanding Letters of Credit)) in an amount equal to one hundred and five percent (105%) of the Letter of Credit Outstandings.