Cash Collateral Requirement definition

Cash Collateral Requirement means, at any time and for any Lender, an amount equal to the sum of (i) 105% of the unused portion of such Lender's Commitment at such time and (ii) 105% of such Lenxxx'x Outstanding Credits at such time.
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Cash Collateral Requirement means an obligation of the Borrower to have on deposit with the Administrative Agent, to collateralize reimbursement obligations in respect of Letters of Credit, cash in an amount equal on any date of determination to 105% of the positive difference (if any) derived by subtracting (i) the aggregate Regular Way Commitments from (ii) the aggregate Revolving Credit Exposures.
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Cash Collateral Requirement has the meaning given such term in subsection (a) of Article VI.
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Examples of Cash Collateral Requirement in a sentence

  • SCCP shall upload the Cash Collateral Requirement List to the Settlement Banks.

  • CCASS – Additional Cash Collateral Payable Report (CRMAC01)*** obsolete upon business launch of VaR Platform ***VaR Platform – MTM and Margin Requirement Report (RMAMR01)Additional Cash Collateral Requirement (16)• Applicable if overall CNS exceed 4 x Liquid CapitalPosition Limit Add-on (R22)• Similar risk will be captured by Position Limit Add-on RMAMR01 2.

  • Notwithstanding the foregoing, if the Borrower has provided to the Agent for the benefit of the Banks Cash Collateral in an amount equal to the Principal and Interest Cash Collateral Requirement (as defined in Section 7.4(f) hereof), and if no Potential Default or Event of Default shall have occurred and be continuing or shall result after giving effect thereto, the Borrower may distribute to the legatees of the Estate any or all of the shares of common stock of Sanderson Farms, Inc.

  • If the Borrower has provided cash collateral to satisfy the Cash Collateral Requirement, then, so long as no Event of Default shall exist, such cash collateral shall be released to the Borrower if so requested by the Borrower at any time if and to the extent that, after giving effect to such release, the amount of cash remaining on deposit with the Administrative Agent would not be less than the Cash Collateral Requirement.

  • Interest or profits, if any, on such investments shall be distributed from time to time to the Borrowers at their request, provided that no Default has occurred and is continuing and that the Cash Collateral Requirement continues to be satisfied after any such distribution.

  • On the March 2003 Amendment Effective Date, the Borrowers will cause to be delivered by one or more Loan Parties to the Administrative Agent, acting on behalf of the Secured Parties, cash for deposit in a cash collateral account with the Administrative Agent and in the name of the Administrative Agent and for the benefit of the Secured Parties (the “Cash Collateral Account”) in an aggregate amount equal to the amount required for compliance with the Cash Collateral Requirement.

  • Notwithstanding any other provision of the Agreement, a Loan shall not be made unless after giving effect to such Loan, the Cash Collateral Requirement shall be satisfied".

  • Any cash so deposited (and any cash previously deposited in satisfaction of the Cash Collateral Requirement) with the Administrative Agent shall be held in an account over which the Administrative Agent shall have dominion and control to the exclusion of the Borrower and its Subsidiaries, including the exclusive right of withdrawal.


More Definitions of Cash Collateral Requirement

Cash Collateral Requirement means the requirement that one or more Loan Parties provide to the Administrative Agent on the March 2003 Amendment Effective Date and at all times thereafter maintain, pursuant to Section 5.17, collateral consisting of cash and readily marketable Permitted Investments having an aggregate value (determined by valuing Permitted Investments at their then-current market values, as determined by the Administrative Agent in accordance with its customary practices) equal to at least (a) the aggregate amount of the Tranche B Revolving Commitments minus (b) $50,000,000.
Sample 1
Cash Collateral Requirement means, at any time, an amount equal to 105% of the aggregate Outstanding Credits at such time. A "CHANGE IN CONTROL" shall be deemed to have occurred if TXU shall cease to be the beneficial owner of 100% of the beneficial interests in the Borrower.
Sample 1
Cash Collateral Requirement has the meaning given in Subsection 2.1.6 hereof.
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Related to Cash Collateral Requirement

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • Minimum L/C Collateral Amount means, at any time, in connection with any Letter of Credit, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount equal to 102% of the Revolving L/C Exposure with respect to such Letter of Credit at such time and (ii) otherwise, an amount sufficient to provide credit support with respect to such Revolving L/C Exposure as determined by the Administrative Agent and the Issuing Banks in their sole discretion.

  • Excess Collateral Amount means, at any time, the excess of (a) the sum of (i) the Collateral Amount, and (ii) the Principal Accumulation Account Balance, over (b) the Note Principal Balance.

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.

  • Cash Collateral Order means the First Cash Collateral Order, as extended and modified by subsequent orders of the Bankruptcy Court [ECF Nos. 2402, 2726, 3207, 3480, 5580, 6128, 7378, 8081, 8467, 8671, 8958, 9112].

  • Cash Collateralization has a correlative meaning.

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • Required Facility Lenders means, with respect to any Facility on any date of determination, Lenders having more than 50% of the sum of (i) the outstanding Loans under such Facility and (ii) the aggregate unused Commitments under such Facility; provided that, to the same extent set forth in Section 10.07(h) with respect to determination of Required Lenders, the Loans of any Affiliated Lender shall in each case be excluded for purposes of making a determination of Required Facility Lenders.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Maximum Collateral Amount The sum of the Principal Balance as of the Cut-off Date of the Initial Mortgage Loans and the Original Pre-Funded Amount.

  • Minimum Collateral Amount means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.14(a)(i), (a)(ii) or (a)(iii), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the L/C Issuer in their sole discretion.

  • Borrowing Base Amount means:

  • Cash Collateralize has the meaning specified in Section 2.03(g).