Cash Collateral Usage definition

Cash Collateral Usage has the meaning set forth in Section 6.01.
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Examples of Cash Collateral Usage in a sentence

  • As further adequate protection to Secured Creditor, the Debtor is authorized to pay to Secured Creditor the sum of seven thousand five hundred dollars per month during the term of this Order, which payment shall satisfy the Debtor’s obligation under Section 362(d)(3)(B) of the Bankruptcy Code during the Cash Collateral Usage Period (as defined below).

  • As further adequate protection to Secured Creditor, the Debtor is authorized to pay to Secured Creditor the sum of seven thousand five hundred dollars for the month of June, which payment shall satisfy the Debtor’s obligation under Section 362(d)(3)(B) of the Bankruptcy Code during the Cash Collateral Usage Period (as defined below).

  • Paragraph 11 of the Final Order, is deleted in its entirety and replaced with the following: Termination Events Relating to Cash Collateral Usage.

  • As a result, the DIP Lenders have loaned over $11 Million to the Debtors post-bankruptcy, which consists of: -Cash Collateral Usage according to a budget;-A New Money Loan of approximately $500,000 to help pay the expenses of the case to the extent not covered as cash collateral; and-A Roll Up Loan of approximately $11 Million that fully terminated the pre-bankruptcy Term Loan and Account Purchase Agreement indebtedness.

  • As further adequate protection to Secured Creditor, the Debtor is authorized to pay to Secured Creditor the sum of seven thousand five hundred dollars per month, which payment shall satisfy the Debtor’s obligation under Section 362(d)(3)(B) of the Bankruptcy Code during the Cash Collateral Usage Period (as defined below).

  • D.3 Motion to Authorize Cash Collateral Usage: Debtor filed a motion for authority to use the alleged cash collateral of First United Bank on December 22, 2017.

  • The term for the use of Cash Collateral shall be for the period of February 10, 2018 and continuing through February 23, 2018 (the “ Cash Collateral Usage Period”).

  • The term for the use of Cash Collateral shall be for the period of May 20, 2018 and continuing through June 30, 2018 (the “ Cash Collateral Usage Period”).

  • As further adequate protection to Secured Creditor, the Debtor is authorized to pay to Secured Creditor the sum of seven thousand five hundred dollars for the months of October and November, which payment shall satisfy the Debtor’s obligation under Section 362(d)(3)(B) of the Bankruptcy Code during the Cash Collateral Usage Period (as defined below).

  • Upon entry of this Order,the Cash Collateral Usage Period under the Nineteenth Interim Order shall terminate.

Related to Cash Collateral Usage

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

  • L/C Cash Collateral Account means an account of the Borrower to be maintained with the Administrative Agent, in the name of the Administrative Agent and under the sole control and dominion of the Administrative Agent and subject to the terms of this Agreement.

  • 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.

  • 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.

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

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Cash Collateralization has a correlative meaning.

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

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

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

  • Facility Usage means, at the time in question, the aggregate amount of outstanding Loans and LC Obligations at such time.

  • 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 Order means an order of the Bankruptcy Court that (i) authorizes the Debtor to use the Prepetition Lenders’ Cash Collateral; and (ii) is acceptable to the Lender in the Lender’s sole discretion.

  • 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.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Credit Obligations means all present and future liabilities, obligations and Indebtedness of the Company, any of its Subsidiaries or any other Obligor owing to the Agent or any Buyer (or any Affiliate of a Buyer) under or in connection with this Agreement or any other Transaction Document.

  • 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.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Line Cap means, as of any date of determination, the lesser of (a) the Maximum Revolver Amount, and (b) the Borrowing Base as of such date of determination.

  • Revolving Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Maturity Date and the date of termination of the Revolving Commitments.

  • Letter of Credit Availability Period the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

  • Collateral Available Funds means with respect to any Distribution Date, the Collateral Floating Percentage of Reallocated Investor Finance Charge Collections with respect to the preceding Monthly Period.