Eligible Cash and Cash Equivalents means Cash and Cash Equivalents of a Borrower which is subject to a first priority perfected Lien in favor of the Administrative Agent for the benefit of the Administrative Agent and the Secured Parties.
Eligible Cash and Cash Equivalents as of any Borrowing Base Date, currency consisting of United States Dollars, Canadian Dollars or Cash Equivalents, in each case, which (i) has been deposited in a Deposit Account with a Cash Management Bank that is subject to an Account Control Agreement, (ii) is subject to a Perfected First Lien, and (iii) is subject to no other Liens other than Permitted Cash Management Liens.
Eligible Cash and Cash Equivalents means, as of any date of determination, the sum of, (i) to the extent positive, (x) non-domestic Cash and Cash Equivalents of Borrower and its Restricted Subsidiaries in an amount not to exceed the aggregate principal amount of Indebtedness of Foreign Restricted Subsidiaries outstanding on such date minus (y) $10,000,000, plus (ii) domestic Cash and Cash Equivalents of Borrower and its Restricted Subsidiaries in excess of $30,000,000. Notwithstanding the foregoing, Eligible Cash and Cash Equivalents shall not include Cash and Cash Equivalents subject to a Lien on Collateral securing letters of credit, bank guarantees or Hedging Agreements as contemplated in Section 6.9(k).
Examples of Eligible Cash and Cash Equivalents in a sentence
Eligible Cash and Cash Equivalents means, at any time: (a) cash in hand or on deposit with any acceptable bank; (b) certificates of deposit, maturing within one year after the relevant date of calculation, issued by an acceptable bank; (c) any other debt, security or investment approved by the Lender, in each case, to which the Company is beneficially entitled at that time and which is capable of being applied against Borrowings.
More Definitions of Eligible Cash and Cash Equivalents
Eligible Cash and Cash Equivalents means cash and cash equivalents of the Borrowers from time to time deposited in an account in the name of a Borrower maintained with a Lender or any Affiliate of a Lender (excluding any amounts on deposit in any account that is designated to hold cash collateral for Letter of Credit Accommodations, in the Administrative Agent Payment Account or in any other escrow, special purpose or restricted account, such as an account specifically designated for payroll or sales taxes) and subject to a Deposit Account Control Agreement or an Investment Property Control Agreement, as the case may be, in favor of the Administrative Agent (which Deposit Account Control Agreement or Investment Property Control Agreement provides that the Administrative Agent has sole control of the disposition of the amounts so deposited, whether or not a Cash Dominion Event exists), which account is subject to a first priority perfected security interest in favor of the Administrative Agent.
Eligible Cash and Cash Equivalents means, as of any date of determination, the aggregate value of the cash and Cash Equivalents of any Borrower which is maintained in an account subject to a Control Agreement and otherwise subject to a Prior Security Interest.
Eligible Cash and Cash Equivalents means, as of any date of determination, the sum of, (i) to the extent positive, (x) non-domestic Cash and Cash Equivalents of the Guarantor and its Restricted Subsidiaries in an amount not to exceed the aggregate principal amount of Indebtedness of Foreign Restricted Subsidiaries outstanding on such date minus (y) $10,000,000, plus (ii) domestic Cash and Cash Equivalents of the Guarantor and its Restricted Subsidiaries in excess of $30,000,000.
Eligible Cash and Cash Equivalents means currency consisting of U.S. Dollars or Euros, or any other Cash Equivalents, in each case that is (a) Unrestricted, (b) deposited in a Deposit Account or securities account that is subject to a Cash Management Control Agreement in favor of the Administrative Agent, (c) subject to a First Priority Lien in favor of the Collateral Agent on behalf of the Secured Creditors and (d) subject to no other Liens other than Permitted Cash Management Liens.
Eligible Cash and Cash Equivalents means cash and cash equivalents of the Borrowers from time to time deposited in an account in the name of a Borrower maintained with a Lender or any Affiliate of a Lender (excluding any amounts on deposit in the Cash Collateral Account, the Concentration Account or in any other escrow, special purpose or restricted account, such as an account specifically designated for payroll or sales taxes) and subject to a Blocked Account Agreement or a Securities Control Agreement, as the case may be, in favor of the Collateral Agent (which Blocked Account Agreement or Securities Control Agreement provides that the Collateral Agent has sole control of the disposition of the amounts so deposited, whether or not a Cash Dominion Event exists), which account is subject to a first priority perfected security interest in favor of the Collateral Agent.
Eligible Cash and Cash Equivalents means unrestricted currency consisting of United States Dollars or Cash Equivalents, in each case, which (i) have been deposited in a Controlled Account, (ii) is subject to a first priority perfected Lien in favor of the Agent, and (iii) is subject to no other Liens or restriction other than liens in favor of KeyBank to secure ordinary fees and expenses relating to such Deposit Account and debits to such Deposit Account for returned checks which have been previously credited to such Deposit Account and as to which the proceeds have been paid to the Agent; provided that, with respect to amounts on deposit with a Lender other than KeyBank, no more than Five Million Dollars ($5,000,000) shall constitute Eligible Cash and Cash Equivalents at any time.
Eligible Cash and Cash Equivalents means all cash and cash ---------------------------------- equivalents of the Borrower on deposit in Permitted Bank Accounts.