INITIAL CASH COLLATERAL definition

INITIAL CASH COLLATERAL means cash in the amount of $13,056,950.
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INITIAL CASH COLLATERAL means cash collateral in an amount not less than $1,500,000 which is to be deposited by Borrower with Lender at or prior to closing.
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Examples of INITIAL CASH COLLATERAL in a sentence

  • VWFSJ will also entrust the Initial Cash Collateral Amount to the Trustee of the First Trust on the Cash Entrustment Date.

  • The principal amount of Initial Subordinated Beneficial Interest will be increased by the entrustment of the Initial Cash Collateral Amount on the Cash Entrustment Date.

  • USE OF PROCEEDS The aggregate gross proceeds from the issue of the Initial Notes and the Subordinated Loan has been used to purchase the Purchased Receivables from VWFS, against payment of the Initial Receivables Purchase Price, and to endow the Cash Collateral Account with GBP 3,400,000 which is equal to the sum of the Initial Cash Collateral Amount.

  • The amount of A$1,373,880 served as the Initial Cash Collateral Amount.

  • The Subordinated Loan serves as credit enhancement and ranks below the Notes with respect to payment of interest and principal.Cash Collateral AccountThe Issuer deposited GBP 3,400,000 into the Cash Collateral Account which will serve as the initial Cash Collateral Amount ("Initial Cash Collateral Amount") such amount will be increased by an amount to increase it to 1.2 per cent.

  • The Initial Cash Collateral Amount is RMB 96,000,000.00, and is expected to cover 3-month expenses and interest incurred or accrued under the Senior Notes.

  • USE OF PROCEEDS The aggregate gross proceeds from the issue of the Notes and the Subordinated Loan will be used to purchase the Purchased Receivables from VWFS, against payment of the Initial Receivables Purchase Price, and to endow the Cash Collateral Account with GBP 15,000,000 which is equal to the sum of the Initial Cash Collateral Amount.

  • Specified Cash Collateral Account Balance means during the Revolving Period the Initial Cash Collateral Amount and, on each Payment Date after the expiration of the Revolving Period the greater of (a) 1.2 per cent.

  • The Initial Cash Collateral Amount is RMB 72,000,000.00, and is expected to cover 3-month expenses and interest incurred or accrued under the Senior Notes.

  • The Company reserves, at any and all times, the right, in the Company’s sole and absolute discretion, to establish, decline to approve or terminate any program or procedures for theexercise of Options by means of a Cashless Exercise, including with respect to one or more Participants specified by the Company notwithstanding that such program or procedures may be available to other Participants.

Related to INITIAL CASH COLLATERAL

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.