Cash Collateral Release Date means each date of release of Cash Collateral as set forth in the Cash Collateral Agreements.
Cash Collateral Release Date means the earliest date after the date that is 18 months after the Initial Closing Date on which no Default or Event of Default is continuing.
Cash Collateral Release Date means December 19, 2014.
Examples of Cash Collateral Release Date in a sentence
Neither ClimaChem nor any other Credit Party or Person claiming on behalf of or through ClimaChem or any other Credit Party shall have any right to demand payment of any of the funds held in any Cash Collateral Account at any time prior to the earlier of (i) the date on which all Obligations are irrevocably paid in full and (ii) the Cash Collateral Release Date.
The Obligations shall further be secured by the Cash Collateral for the period beginning on or prior to the date of the initial extension of credit hereunder and ending on the Cash Collateral Release Date.
Upon request by ClimaChem at any time after the Cash Collateral Release Date, so long as no Default or Event of Default is then continuing, the Collateral Agent shall, at ClimaChem's expense, remit or release all amounts in the Cash Collateral Account less (i) any amount representing income earned on the funds on deposit in the Cash Collateral Accounts and (ii) all fees payable pursuant to Section 6.1(n) hereof.
Until the Cash Collateral Release Date, the Borrower hereby agrees no funds or other amounts in the Cash Collateral Account may be withdrawn by the Borrower, notwithstanding any provisions to the contrary contained in any other agreement between the Borrower and the Depositary Bank; provided that, so long as no Event of Default (as hereinafter defined) has occurred and is continuing, the Borrower shall be entitled to all payments with respect to interest (if any) on the Cash Collateral Account.
The Borrower may withdraw any remaining amounts from the Cash Collateral Account on or after the Cash Collateral Release Date.
More Definitions of Cash Collateral Release Date
Cash Collateral Release Date means the date upon which the Borrower has achieved an Adjusted Leverage Ratio of less than 6.00 to 1.00 for two full consecutive fiscal quarters as evidenced by a certificate of an Authorized Officer substantially in the form of Exhibit 5.2(b) and delivered concurrently with the financial statements required to be delivered pursuant to Section 5.1(b) (such certificate to be delivered no earlier than the Fourth Quarter of 2012).
Cash Collateral Release Date means the latest date on which all of the following events shall have occurred and be continuing:
Cash Collateral Release Date the date on which financial statements are delivered to the Lenders showing that the ratio of Consolidated Total Debt to Consolidated Total Capitalization (without, in each case, giving effect to any netting of amounts on deposit in the Cash Collateral Account on such date) on the last day of the period covered by such financial statements was less than 0.55 to 1.00. "Cash Equivalents": (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of six months or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States of America or any state thereof having combined capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer rated at least A-2 by Standard & Poor's Ratings Services ("S&P") or P-2 by Moody's Investors Service, Inc. ("Moody's"), or carrying an equivalenx xxxxxg by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days with respect to securities issued or fully guaranteed or insured by the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Moody's; (f) securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying the requirements of clause (b) of this definition; and (g) shares of money market mutual or similar funds which invest exclusively in assets satisfying the requirements of ...
Cash Collateral Release Date means the date on which all of the conditions precedent set forth in Section 4.3 have been satisfied or waived by the Required Lenders and the Collateral Agent is required pursuant to the terms thereof to release the amounts then on deposit in the Cash Collateral Account as provided for herein.
Cash Collateral Release Date has the meaning given to such term in Section 6.1(a). “Catastrophic Event” has the meaning given to such term in the Construction Contract. “Change Funder” has the meaning given to such term in the Construction Contract.
Cash Collateral Release Date means, with respect to any Cash Collateral Period, the first day the Parent has provided financial statements pursuant to Section 5.05 and a Compliance Certificate evidencing compliance with Sections 6.13, 6.14 and 6.15 as of the last day of the most recently ended fiscal quarter.
Cash Collateral Release Date means the earliest date after the date that is 18 months after the Initial Closing Date on which no Default or Event of Default is continuing. "Cash Equivalents" shall mean (a) marketable direct obligations issued or unconditionally guaranteed by the United States or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within 1 year from the date of acquisition thereof, (b) marketable direct obligations issued by any state of the United States or any political subdivision of any such state or any public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having the highest rating obtainable from either S&P or Xxxxx'x, (c) commercial paper maturing no more than 1 year from the date of acquisition thereof and, at the time of acquisition, having a rating of A-1 or P-1, or better, from S&P or Xxxxx'x, and (d) certificates of deposit or bankers' acceptances maturing within 1 year from the date of acquisition thereof either ( i ) issued by any bank organized under the laws of the United States or any state thereof which bank has a rating of A or A2, or better, from S&P or Xxxxx'x, or (ii) certificates of deposit less than or equal to $100,000 in the aggregate issued by any other bank insured by the Federal Deposit Insurance Corporation. "Cash Interest" shall have the meaning set forth in Section 2.6. "Change of Control" shall mean (a) any "person" or "group" (within the meaning of Sections 13(d) and 14(d) of the Exchange Act) becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act) of a greater number of shares of Parent's Stock having the right to vote for the election of members of the Board of Directors than the number of shares of such Stock held by the Permitted Holders, or (b) a majority of the members of the Board of Directors do not constitute Continuing Directors, or (c) the Parent ceases to directly or indirectly own and control 100% of the outstanding capital Stock of ClimaChem, or (d) ClimaChem ceases to directly or indirectly own and control 100% of the outstanding capital Stock of