Controlled Cash definition

Controlled Cash means all cash of the Borrower Parties in the Collateral Account or Portfolio Collection Accounts.
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Controlled Cash means unrestricted cash on-hand of the Loan Parties maintained in deposit accounts (which, for the avoidance of doubt, are not zero balance accounts) in the name of a Loan Party in the United States, which deposit accounts are subject to Control Agreements, in each case, that is free and clear of all Liens, other than Liens granted hereunder in favor of the Collateral Agent and Liens permitted under the applicable Control Agreement.
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Controlled Cash means collectively, the Owned Cash and Non-Owned Controlled Cash.
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Examples of Controlled Cash in a sentence

  • No Advances will be made (i) in an amount less than $1,000.00, (ii) if the Controlled Cash Flow Plus Services Description and Master Agreement has been breached by Borrower or terminated for any reason, or (iii) after the Termination Date unless this Loan has been renewed.

  • To the extent that Excess Funds exist, First Union will debit Borrower's Controlled Cash Flow Account by the amount of such Excess Funds and apply such Excess Funds to the repayment of the interest and then principal balances due on the Loan.

  • First Union shall monitor Borrower's Controlled Cash Flow Account daily to determine if there are any funds in excess of those required as of 11:00 a.m. eastern standard time (or such other time as designated by First Union) to cover all items presented for payment to such account as of such time (the "Excess Funds").

  • Whether or not an Event of Default has occurred and is continuing, Borrower shall deliver all payments on and proceeds of Accounts to the Controlled Cash Collateral Account.

  • In the event of a Shortfall Objection, Buyer and Seller shall work in good faith to promptly resolve any differences in respect of the Monthly Shortfall Advance and, until such resolution, no disbursements will be made to Buyer from the Controlled Cash Account in respect of the disputed Monthly Shortfall Advance until Seller’s objection thereto and the rightful entitlement to such funds shall be determined.

  • The Organizational Documents of Buyer provides that Buyer may engage solely in the business of acquiring and selling RB from the Project, including the related Green Attributes, and transactions related thereto, depositing the proceeds thereof in the Controlled Cash Account in compliance with this Transaction Confirmation (the “Permitted Business”).

  • When all Monthly Shortfall Advances have been repaid in full (without interest) and no unpaid Monthly Shortfall Advances are outstanding, Buyer shall reinitiate proportionate disbursements of any positive Monthly Net Proceeds to Seller and Buyer from the Controlled Cash Account.

  • After giving effect to the proposed Borrowing, the aggregate amount of (i) Unfunded Commitments of Investors (excluding, without duplication, Defaulting Investors and Defaulting Members (as such term is defined in the Operating Agreement)), plus (ii) Controlled Cash, shall not be less than one hundred percent (100%) of the amount of the Principal Obligation.

  • This repayment is intended on a dollar-for-dollar basis, meaning that any dollar within the Controlled Cash Account will be used to repay a dollar of unpaid Monthly Shortfall Advances, and no funds within the Controlled Cash Account will be held idle in the Controlled Cash Account where Monthly Shortfall Advances are not yet paid in full.

  • Buyer shall make the disbursements from the Controlled Cash Account to Seller and Buyer for all amounts set forth under the column “To Seller” and “To Buyer” on Exhibit A (attached hereto) within five (5) Business Days of the date upon which this Third Amendment is signed by both Buyer and Seller (“Execution Date”), and Seller shall communicate its approval of such disbursements to BMO Harris Bank.


More Definitions of Controlled Cash

Controlled Cash means, collectively, (a) Unrestricted Cash and (b) without duplication, other cash or Cash Equivalents (other than Cash Collateral or other amounts pledged or deposited for payments of amounts owing to any person) which amounts are held in a deposit account subject to a deposit account control agreement in favor of the Administrative Agent and which amounts (and the accounts in which they are held) are not subject to any Lien (other than in favor of the Administrative Agent) and the use of which by the Loan Parties is not restricted or prohibited by, or would result in any violation of, any law, agreement or instrument.
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Controlled Cash means, at any time, the aggregate amount of all unrestricted cash and Cash Equivalents held in Controlled Deposit Accounts and Controlled Securities Accounts (in each case free and clear of all Liens, other than Liens in favor of the Collateral Agent, for the benefit of the Lenders or Liens permitted under Sections 6.02 (b) or (k)) of the Borrowers and the Subsidiary Guarantors.
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Related to Controlled Cash

  • Permitted Cash Equivalent Investments means (i) marketable direct obligations issued or unconditionally guaranteed by the United States or any agency or any State thereof having maturities of not more than two (2) years from the date of acquisition and (ii) commercial paper maturing no more than one (1) year after its creation and having the highest rating from either Standard & Poor’s Ratings Group or Xxxxx’x Investors Service, Inc.

  • Trapped Cash means any cash, checks, rental deposits and bank credit balances that are subject to any restrictions or local exchange control, Tax or other requirements, such that the full amount of such deposits cannot be accessed within 90 days (for the avoidance of doubt, any cash, checks, rental deposits and bank credits balances that are subject statutory reserve that the Company’s PRC Subsidiaries are required to set aside pursuant to PRC laws shall be not be treated as “Trapped Cash”); provided, that any amounts that are subject to short term investments or time deposits with maturities less than 363 days as of any relevant time of determination shall not be deemed “Trapped Cash” unless after such maturity, they would be subject to any of the aforesaid restrictions.

  • Restricted Cash means cash and cash equivalents, within the meaning of the AAS, that are not available for use other than for a purpose for which it is restricted, and includes cash to be used to fund capital works expenditure from the previous financial year

  • Unrestricted Cash The meaning of “Unrestricted Cash” or any comparable definition in the Underlying Instruments for each Loan, and in any case that “Unrestricted Cash” or such comparable definition is not defined in such Underlying Instruments, all cash available for use for general corporate purposes and not held in any reserve account or legally or contractually restricted for any particular purposes or subject to any lien (other than blanket liens permitted under or granted in accordance with such Underlying Instruments), as reflected on the most recent financial statements of the relevant Obligor that have been delivered to the Borrower.

  • Unrestricted Cash and Cash Equivalents means, with respect to any Person, cash and Cash Equivalents of such Person that are free and clear of all Liens and not subject to any restrictions on the use thereof to pay Indebtedness and other obligations of such Person.

  • Qualified Cash means, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of Borrowers and their Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof, and which such Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities intermediary located within the United States.

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.

  • Controlled Deposit Account means a Deposit Account (i) that is subject to a Deposit Account Control Agreement or (ii) as to which the Collateral Agent is the Depositary Bank’s “customer” (as defined in UCC Section 4-104).

  • Unrestricted Cash Amount means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents of such Person whether or not held in an account pledged to the Collateral Agent and (b) Cash and Cash Equivalents of such Person restricted in favor of the Facilities (which may also include Cash and Cash Equivalents securing other Indebtedness secured by a Lien on any Collateral along with the Facilities), in each case as determined in accordance with GAAP; it being understood and agreed that proceeds subject to Escrow shall be deemed to constitute “restricted cash” for purposes of the Unrestricted Cash Amount.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.

  • Investment Assets means all debentures, notes and other evidences of Indebtedness, stocks, securities (including rights to purchase and securities convertible into or exchangeable for other securities), interests in joint ventures and general and limited partnerships, mortgage loans and other investment or portfolio assets owned of record or beneficially by Seller (other than trade receivables generated in the ordinary course of business of the Seller).

  • Available Excluded Contribution Amount means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined by the Borrower in good faith, but excluding any Cure Amount) received (or deemed received) by the Borrower or any of its Restricted Subsidiaries after the Closing Date from:

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.