Cash Collateral Reserve shall have the meaning assigned to such term in Section 4.04.

Cash Collateral Reserve has the meaning given such term in Section 7.3.7.

Cash Collateral Reserve means the cash reserve held by Exide Funding pursuant to Clause 6 of the Limited Recourse Loan Agreement.

Examples of Cash Collateral Reserve in a sentence

All funds deposited into the Cash Collateral Reserve Subaccount shall be held by Lender as additional security for the Debt and Borrower shall have no right to receive any disbursements therefrom.
Amounts deposited into the Cash Collateral Reserve are referred to as the “Cash Collateral Funds.” Required Lenders shall have the right, but not the obligation, at any time during the continuance of an Event of Default, in the sole and absolute discretion of Required Lenders, to cause Collateral Agent to direct the Cash Management Account Bank to disburse any Cash Collateral Funds (and any other Collateral) to the Obligations, in such order and in such manner as Required Lenders shall determine.
Borrower may request that the Administrative Agent agree to release a portion of the funds in the Cash Collateral Reserve Account to be used for Permitted Operating Uses.
Neither Lender nor any servicer that at any time holds or maintains the funds held in the Cash Collateral Reserve shall have any obligation to keep or maintain such funds held in the Cash Collateral Reserve account.
In addition to the foregoing, Borrower will deposit into the Cash Collateral Reserve the amount of $386,000 not later than January 1, April 1, July 1, and October 1 of each year until the Loan is paid in full, commencing with the deposit occurring on July 1, 2023 (the “Quarterly Deposit”).

More Definitions of Cash Collateral Reserve

Cash Collateral Reserve. In the event of an Early Amortisation Event of the type described in any of paragraphs (3), (4), (8), (9) or (in respect of insolvency events only) (20) and (21) of the definition of "Early Amortisation Event", or in the event of an Early Amortisation Event (as that term is defined in the Receivables Subrogation Agreement), Exide Funding shall forthwith pay to the Operating Agent on behalf of the Buyer the amount of the Cash Collateral Reserve by way of indemnity. The Cash Collateral Reserve shall be applied by the Operating Agent to payment of the following amounts in the following order: (1) reduction of outstanding Capital and payment of all Yield, Programme Costs and other fees due under this Agreement (including the fees due under the Fees Letter); then (2) to the extent that there are any remaining funds in the Cash Collateral Reserve after payment of the sums described in paragraph (1) above, such amount shall be remitted by the Operating Agent on behalf of the Buyer to Exide Funding; such remittance shall only be made once Capital is reduced to zero, and once all Yield, Programme Costs and other fees due under this Agreement have been paid in full and once there are no outstanding liabilities, actual or contingent, due to the Buyer or the Operating Agent hereunder.

Cash Collateral Reserve means the funds in the approximate amount of $40,000

Cash Collateral Reserve. A Reserve established by Pledgor with Lender by the deposit of the amount of TWO MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($2,500,000.00) as additional collateral security for the prompt payment of the Indebtedness and performance in full when due of the Obligations.

Cash Collateral Reserve has the meaning given it in Section 2.10.

Cash Collateral Reserve means, at any time, the amount equal to the difference between (a) the Required Cash Collateral Amount (as defined in the Investment Property Pledge Agreement) at such time, and (b) the amount of all cash and Cash Equivalents in the Specified Cash Collateral Account (as defined in the Investment Property Pledge Agreement) at such time.