Letter of Credit Cash Collateral shall have the meaning set forth in Section 3.1(a) hereof.

Letter of Credit Cash Collateral means cash collateral deposited in the Cash Collateral Account and subject to the terms and conditions of Section 7 of that certain Amendment Number Six to Credit Agreement and Waiver dated as of December 29, 2011 by and among Borrower, Agent, and Lenders.”

Letter of Credit Cash Collateral shall have the meaning provided in Section 1.13(a)(iv).

Examples of Letter of Credit Cash Collateral in a sentence

Such funds, if any, remaining in the Letter of Credit Cash Collateral Account following the payment of all Obligations in full or the earlier termination of all Events of Default shall, unless the Agent is otherwise directed by a court of competent jurisdiction, be promptly paid over to the Borrower.
The Borrower shall have no control over funds in the Letter of Credit Cash Collateral Account, which funds shall be invested by the Agent from time to time in its discretion in certificates of deposit of National City having a maturity not exceeding thirty days.
If any Letter of Credit Usage remains outstanding after the Letter of Credit Expiration Date, Borrower shall, not later than the Letter of Credit Expiration Date, deposit cash in an amount equal to such Letter of Credit Usage in a Letter of Credit Cash Collateral Account.
The Letter of Credit Cash Collateral Account is to be held by the Lender as additional collateral and security for any Letter of Credit Obligations relating to the Post-Expiration Date Letters of Credit.
Notwithstanding the foregoing, if any Letter of Credit remains outstanding after the Letter of Credit Expiration Date, the Parent shall, not later than the Letter of Credit Expiration Date, deposit cash in an amount equal to such Letter of Credit Usage in a Letter of Credit Cash Collateral Account.

More Definitions of Letter of Credit Cash Collateral

Letter of Credit Cash Collateral has the meaning set forth in Section 4.6(c).

Letter of Credit Cash Collateral means, on any date of determination, the amount of cash (excluding the $5,000,000 pledged to Agent pursuant to Deposit Account Assignment Agreement described in subclause (ii) of the definition of “Pledge Agreements”) which Borrowers have pledged to Agent for the benefit of Lenders pursuant to documentation acceptable to Agent in its reasonable discretion and in which Agent has a first priority security interest.

Letter of Credit Cash Collateral means cash deposited by Borrower with the Agent to secure obligations of Borrower under Letters of Credit (contingent or otherwise) pursuant to agreements in form and substance satisfactory to the Agent.

Letter of Credit Cash Collateral as defined in subsection 2.2.

Letter of Credit Cash Collateral means any cash collateral posted by any Seller with respect to the issuance of any letter of credit required by any Governmental Entity for a Seller to operate in a specific jurisdiction.

Letter of Credit Cash Collateral and “Maximum Revolving Advance Amount” contained in Section 1.2 of the Loan Agreement are hereby amended and restated in their entirety as follows:

Letter of Credit Cash Collateral has the meaning specified therefor in the definition of Letter of Credit Collateralization.”