Common use of Use of Cash Collateral Clause in Contracts

Use of Cash Collateral. Notwithstanding anything to the contrary contained herein, neither the Parent Borrower nor any Subsidiary Borrower shall be permitted (i) to request a Borrowing under Section 2.6 or request the issuance of a Letter of Credit under Section 2.3 unless the Bankruptcy Court shall have entered the Interim Order, or (ii) to request a Borrowing under Section 2.6 unless the Borrowers shall at that time have the use of all cash collateral subject to the Orders for the purposes described in Section 3.10.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/), Revolving Credit Agreement (Interstate Bakeries Corp/De/)

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Use of Cash Collateral. Notwithstanding anything to the contrary contained herein, neither the Parent Borrower nor any Subsidiary Borrower shall be permitted (i) to request a Borrowing under Section 2.6 or request the issuance of a Letter of Credit under Section 2.3 unless the Bankruptcy Court shall have entered the Interim Order, or (ii) to request a Borrowing under Section 2.6 unless the Borrowers shall at that time have the use of all cash collateral subject to the Orders for the purposes described in Section 3.10.

Appears in 1 contract

Samples: Revolving Credit Agreement (Interstate Bakeries Corp/De/)

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