Cash Collateral Pledge definition
Examples of Cash Collateral Pledge in a sentence
All amounts held by L/C Issuer in the Cash Collateral Account shall be held as security for the repayment of any L/C Reimbursement Obligation thereafter arising pursuant to the terms of the L/C Agreement(s) and the Cash Collateral Pledge Agreement.
Notwithstanding anything herein to the contrary, the Lender shall have no recourse to any assets that are included in “Collateral” (as such term is defined in the Cash Collateral Pledge Agreement).
To the extent any such funds remain after such application, each Borrower hereby authorizes the Administrative Agent to transfer such funds to the Cash Collateral Account and invest the same in accordance with the Cash Collateral Pledge Agreement.
From and after the Fourth Amendment Effective Date, the Administrative Agent shall take any and all actions necessary (including any actions necessary to terminate the GP Cash Collateral Account Control Agreement, the GP Cash Collateral Pledge Agreement and the Equity Holder Agreement) to cause its Lien on and security interest in the GP Collateral, including, without limitation, the GP Cash Collateral Account, to be released as contemplated by Section 4 of the Fourth Amendment.
There are no understandings between the parties with respect to the reinsurance hereunder other than as expressed in this Agreement and the Cash Collateral Pledge Agreement.
For the purposes of calculating the Debt Yield after a Cash Collateral Pledge, cash collateral shall be deemed a dollar for dollar reduction in the outstanding Loan Amount.
The Agent shall have confirmed that the Pledged Cash Amount is in place (which Pledged Cash Amount may include the Minimum Cash Balance) or has made satisfactory arrangements for the Pledged Cash Amount to be in place on the date of the initial Advance, in accordance with the requirements of this Agreement and the Cash Collateral Pledge Agreement.
Borrower may draw on the Minimum Deposit to pay down the outstanding Loan Amount or to make a Cash Collateral Pledge in order to meet the requirements of Sections 5.28(c) or 5.30(c).
This Agreement, including the Schedules and Appendix ---------------- attached hereto, and the Cash Collateral Pledge Agreement constitute the entire agreement between the parties with respect to the reinsurance hereunder.
Any such paydown of the Loan or the tender of a Cash Collateral Pledge may be made from amounts in the accounts in which the Minimum Deposits are held.