Examples of Excess Cash Account in a sentence
If an Event of Default shall have occurred and be continuing, the Collateral Agent may, at the direction of the Majority Lenders, apply funds in the Excess Cash Account in accordance with Section 6.02.
Amounts deposited in the Excess Cash Account shall be held therein as Collateral for the Secured Obligations, provided that the Collateral Agent shall, to the extent required by (and otherwise on the terms set forth in) the proviso to Section 5.09 of the Credit Agreement, release and pay over to the Company free of the Transaction Liens such amounts as provided in such proviso.
Under the arrangement with the Successor Lockbox Trustee, GATC will have the right to investigate the deduction taken by the Customer and, if it is able to demonstrate that the deduction should have been allocated to the Company, the Company will promptly refund such amount to GATC; provided however, that no such refund shall be made from funds which are held pursuant to the Intercreditor Agreement (other than amounts held in Excess Cash Account).
Establishing and Maintaining the Debt Service Reserve Account and Fortress Excess Cash Account.
So long as ---------------------------------------------- no Lease Event of Default shall have occurred and be continuing, on each Monthly Transfer Date the Company shall have the right to withdraw any amounts on deposit in the Excess Cash Account, if any, free and clear of the Security Interests.