Examples of Designated Cash Management Obligations in a sentence
The Borrower will not designate any Designated Interest Rate Agreement or Designated Cash Management Obligations as Secured Obligations for purposes of the Security Agreement if, immediately after giving effect to such designation, the aggregate notional principal amount of all such agreements then in effect which are Secured Obligations would exceed the lesser of the aggregate amount of the Commitments at such time in effect hereunder and the Borrowing Base in effect at such time.
By accepting the benefits of the Collateral, each Swap Counterparty and each holder of Designated Cash Management Obligations shall be deemed to have appointed the Collateral Agent as its agent and agreed to be bound by the Credit Documents as a Secured Party, subject to the limitations set forth in this Section 8.8(c).
In furtherance of the foregoing and not in limitation thereof, no agreement relating to any Designated Cash Management Obligations or Designated Hedge Obligations will create (or be deemed to create) in favor of any holder of Obligations that is a party thereto any rights in connection with the management or release of the obligations of any Loan Party under any Loan Document.
Limitation on Designated Interest Rate Agreements and Designated Cash Management Obligations 93 Section 7.15.
Limitation on Designated Interest Rate Agreements and Designated Cash Management Obligations 98 Section 7.15.