Exit Facility Collateral definition
Examples of Exit Facility Collateral in a sentence
The Issuer will not permit the aggregate amount of all collected funds and Temporary Cash Investments held by the Issuer and its Restricted Subsidiaries in accounts, other than the Collateral Accounts, the Exit Facility Collateral Account and the Concentration Accounts, to exceed $2,000,000 at the close of business on any two consecutive Business Days.
The Required Lenders hereby agree that, notwithstanding anything in Section 2.06(a), clause (iii) of Section 7.03(d) or Section 7.06 of the Credit Agreement or Section 5(j) of the Security Agreement to the contrary, neither the Borrower nor any Restricted Subsidiary shall be required to deposit any Net Cash Proceeds of (or otherwise attributable to) any Proposed Personal Property Sale, Proposed Accounts Sale or Proposed Interim Lease in a Collateral Account or with the Exit Facility Collateral Agent.