Examples of Eligible Cash Collateral in a sentence
If, in relation to any Substitution, any Eligible Cash Collateral is required to be transferred to VIS, UBS shall procure that such party as may be determined by UBS (which may include UBS) shall, on the Substitution Effective Date transfer an amount equal to the Class [•] Notes’ Pro Rata Share of such Eligible Cash Collateralto VIS or to the order of the Collateral Agent on behalf of VIS.
No later than 4:00 p.m. on the earlier to occur of the (i) third Business Day after delivery of such notice and (ii) the date of such distribution, the Borrower shall cause Cash, Cash Equivalents and/or Shares that will constitute Eligible Cash Collateral and/or Eligible Pledged Shares, as applicable, upon such delivery, to be delivered to the Collateral Account of each Applicable Lender in accordance with Section 3 of the Security Agreement, in an amount equal to the LTV Event Amount.
Notwithstanding anything to the contrary contained herein, so long as no Default or Event of Default has occurred and is continuing, the Company may request that all or a portion of Eligible Cash Collateral be transferred to another Controlled Account of the Credit Parties that is not fully-blocked, it being understood that upon such transfer, Eligible Cash Collateral shall be reduced by the amount of such transferred cash.
Borrowers shall maintain Eligible Cash Collateral of not less than $10,000,000 at all times.
No later than 4:00 p.m. on the earlier to occur of the (i) third Business Day after delivery of such notice and (ii) the date of such distribution, the Borrower shall cause Cash and/or Cash Equivalents that will constitute Eligible Cash Collateral upon such delivery to be delivered to the Collateral Account of each Applicable Lender in accordance with Section 3 of the Security Agreement, in an amount equal to the LTV Event Amount.