Release of Cash Collateral. Any Account Collateral consisting of Interim Cash held by the Collateral Agent shall be released in accordance with Section 5.16(c). Any Account Collateral consisting of insurance proceeds held by the Collateral Agent shall be released as described in Schedule V of the Security Agreement.
Release of Cash Collateral. Bank agrees that as of the date all conditions precedent to the effectiveness of this Amendment have been met, Bank shall no longer require any cash collateral to secure Borrower’s reimbursement obligations with respect to the CLPF Letter of Credit. Bank further agrees that on or prior to the date that is thirty (30) days following such date, Bank shall release Two Million Five Hundred Thousand Dollars ($2,500,000) of cash collateral relating to the CLPF Letter of Credit, including any accrued interest (if any), currently deposited in a restricted account at Bank and such amounts shall be transferred to Borrower’s primary operating account maintained at Bank.
Release of Cash Collateral. The Trustee shall release the Cash Collateral in accordance with the terms of the Indenture.
Release of Cash Collateral. The Release Amount corresponding to each respective Cash Collateral Release Date shall be set forth in a Distribution Notice in the form attached as Exhibit A hereto (a “Distribution Notice”) delivered by the Borrowers to the Administrative Agent (for prompt delivery to the Lenders), with a copy to the Offshore Accounts Bank and the Collateral Agent, respectively, no earlier than ten (10) Business Days nor later than four (4) Business days prior to the proposed Cash Collateral Release Date; provided that, following the delivery to the applicable Agents pursuant to the Plan Support Agreement of (i) a Termination Right Trigger Event Notice pursuant to Section 4 of this Agreement or (ii) a Termination Event Notice pursuant to Section 6.01 of this Agreement, in each case as defined in the Plan Support Agreement, Borrower’s and the Borrower Designee’s rights to receive further Release Amounts on a Cash Collateral Release Date shall be suspended or terminated, as applicable, as set forth in Section 4(c).
Release of Cash Collateral. Upon termination of the MAC Conversion Period, the Administrative Agent shall promptly wire all of the cash in such Cash Collateral Account at the time to a Deposit Account or Securities Account designated by Borrower that is subject to a Deposit Account Control Agreement or a Securities Account Control Agreement, as the case may be; provided that Borrower is not then required to maintain such funds in the Cash Collateral Account pursuant to Section 10.03.
Release of Cash Collateral. (a) The Administrative Agent shall, from time to time, upon the request of the Borrower, release to the Borrower Cash Collateral in an amount equal to the excess, if any, of the Cash Collateral on deposit in the Cash Collateral Account over the Cash Collateral required to be maintained by the Borrower pursuant to Section 6(c).
(b) Notwithstanding any other provision of this paragraph, the Administrative Agent shall have no obligation to release Cash Collateral unless each of the following conditions is satisfied at the time of such release:
(1) No Default or Event of Default shall have occurred and be continuing; and
(2) Such release shall not require termination of any investment prior to its maturity.
Release of Cash Collateral. So long as no Enforcement Event shall continue to exist thereafter, the Issuer or any Grantor shall have the right to request the Security Trustee to release from the Lien of this Agreement, and to transfer to the Person or account as requested by the Issuer or such Grantor, any cash Collateral by adding Additional Pool Aircraft to the Designated Pool pursuant to the procedures set forth in Section 2.18(c) above and, upon such addition, the Security Trustee will release from the Lien of this Agreement, and instruct and require the applicable Securities Intermediary to transfer to the Person or account as requested by the Issuer or such Grantor, an amount of cash Collateral equal to the then Appraised Value of such Additional Pool Aircraft or such portion of the Appraised Value of such Additional Pool Aircraft equal to the cash Collateral to be released as designated by the Issuer or any Grantor (or, if less, the balance of the cash Collateral). The Issuer or any Grantor may, at its option, designate portions of the applicable Appraised Value of any Additional Pool Aircraft (the sum of which portions may not exceed 100% of such Appraised Value) to be used under this Section 2.18(i), Section 2.18(b), and/or Section 2.18(h) hereof.
Release of Cash Collateral. (a) Upon written request by the Owner to the Mortgagee after notice of redemption of Equipment Notes has been given to Note Holders pursuant to Section 2.12 of this Trust Indenture, the Mortgagee shall apply, to the extent specified in such written request, the Cash Collateral to pay amounts due with respect to the Equipment Notes to be redeemed on the applicable redemption date.
(b) If the Collateral Ratio is less than the Maximum Collateral Ratio, the Subordinated Collateral Ratio is less than the Maximum Subordinated Collateral Ratio and the Rotable Ratio is greater than the Minimum Rotable Ratio, in each case as most recently determined pursuant to Article 2 or Section 3.1 of the Collateral Maintenance Agreement, and the Mortgagee held any Cash Collateral as of the Valuation Date for such Collateral Ratio, Subordinated Collateral Ratio and Rotable Ratio (or subsequent date as of which such ratio was recalculated pursuant to Section 3.1 of the Collateral Maintenance Agreement), upon written request of the Owner and so long as no Event of Default or Special Default has occurred and is continuing the Mortgagee shall pay to the Owner an amount of the Cash Collateral such that the Collateral Ratio would not be greater than the Maximum Collateral Ratio, the Subordinated Collateral Ratio would not be greater than the Maximum Subordinated Collateral Ratio and the Rotable Ratio would not be less than the Minimum Rotable Ratio, giving effect to such payment (but otherwise using the information used as of such most recent determination date to determine such ratio).
Release of Cash Collateral. Cash collateral provided by the Borrower pursuant to Section 2.12(b) above shall no longer be required to be held as cash collateral pursuant to this Agreement following (a) the elimination of the fronting exposure of the Issuing Lender giving rise to the requirement that cash collateral be provided pursuant to Section 2.12(b) (i.e., by the termination of Defaulting Lender status of the applicable Lender, replacement of such Lender with a non-Defaulting Lender who has assumed such Defaulting Lender's obligations in respect thereof, or termination of the circumstances preventing a full reallocation of such fronting exposure among the non-Defaulting Lenders as described in Section 2.12(a) above), or (b) the determination by the Agent and Issuing Lender that there exists excess cash collateral; provided, however that, subject to Section 2.12 [Defaulting Lenders], the Borrower and Issuing Lender may agree that such cash collateral shall be held to support future anticipated fronting exposure or other obligations.
Release of Cash Collateral. Collateral shall be released in accordance with the provisions of the Indenture.
