Examples of Cash Collateral Use in a sentence
The balance of any such proceeds (after giving effect to the repayment of the Obligations owing the Bank Group and the Teacher's Note as required above) (the "Excess Funds") shall be deposited with the Collateral Agent under the Cash Collateral Use Agreement and held in a separate Cash Collateral Account (as defined in the Cash Collateral Use Agreement).
In that event, the FMN Security Representatives hereby agree that none of them will raise any objection to such Cash Collateral Use, but only to the extent such Cash Collateral Use is limited to proceeds of the Revolving Collateral.
The Court originally entered its Order on Motion for Entry of Orders (1)21 Approving Post-Petition Financing and Related Liens and Adequate Protection; (2) Approving22 Cash Collateral Use and Related Liens and Adequate Protection, and (3) Granting Related Relief23 (“DIP Order”) on December 22, 2017.
Subject to Section 2.5(c), to the extent that such DIP Financing or Cash Collateral Use has been approved pursuant to Section 2.5(b)(i) or (ii) and such DIP Financing Liens are senior to the Liens on any such Shared Collateral, each Senior Claimholder will subordinate its Liens (if any) with respect to such Shared Collateral on the same terms as the Liens on such Shared Collateral are subordinated with respect to such DIP Financing Liens.
Definition:The sequence FP(n) defined as the sequence of numbers with the property that they are the largest factorials smaller than or equal to n.The first thirty terms of the sequence (A048674 in OEIS):1, 2, 2, 2, 2, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 6, 24, 24, 24, 24, 24, 24, 24.
No Last Out Lender shall propose, nor shall any Last Out Lender permit any of its Affiliates or Related Funds to propose, any Cash Collateral Use in any Insolvency Proceeding so long as the Required First Out Lenders have approved any Cash Collateral Use that complies with the proviso to Section 3(c)(i).
In addition, GCB may seek an allowed super-priority administrative claim pursuant to Section 507(b) of the Code for the Cash Collateral Use Amount, which shall have priority over any and all other indebtedness, all administrative expenses and priority expenses of any kind.
The Borrower and the Bank Group acknowledge and consent to the application of $400,000 from the Cash Collateral Account (as defined in the Cash Collateral Use Agreement) on or about March 25, 2003 as and for a pay down on the Obligations and the Teachers' Notes and agree that only $298,548 of such amount shall be included in computing the aggregate amount of mandatory prepayments made pursuant to this paragraph with the balance applied to the Obligations and the Teachers' Notes pro rata.
If the Borrower is in compliance with the Minimum Cumulative EBITDA requirements contained in paragraph 11 5 hereof through December 31, 2001 and provided that the Standstill Period has not ended, the Collateral Agent is authorized to transfer the Excess Funds from the Cash Collateral Account to the extent permitted by the Cash Collateral Use Agreement.
Cross-references: […] • Cash Collateral Use – LBRs 4001-1(b) and (c).