Examples of Permitted Cash Equivalents in a sentence
The parties hereto acknowledge and agree that the Special Cash Collateral Account is not a Cash Collateral Account and that all funds and Permitted Cash Equivalents in the Special Cash Collateral Account are collateral security for the payment of the Secured Obligations.
The Administrative Agent may, in its sole discretion, from time to time apply funds and Permitted Cash Equivalents then held in the Special Cash Collateral Account to the payment of Secured Obligations which are past due.
If the Agent retains any such insurance proceeds pursuant to this Section 2.04(c), such proceeds shall, until applied by the Agent as provided in this Section 2.04(c)(i), Section 2.04(c)(ii) or Section 2.04(c)(iii) hereof, be maintained by the Agent in a segregated account and shall, at the Company's request therefor, be invested in Permitted Cash Equivalents.
There is hereby established with the Agent a cash collateral account (the "Cash Collateral Account") in the name and under the control of the Agent into which there shall be deposited from time to time the cash collateral or Permitted Cash Equivalents required to be delivered to the Agent pursuant to the Credit Agreement.
If the Agent retains any such insurance proceeds pursuant to this Section 3.3(c)(i), such proceeds shall, until applied by the Agent as provided in this Section 3.3(c)(i), (ii) or (iii) hereof, be maintained by the Agent in a segregated account and shall, at the Company's request therefor, be invested in Permitted Cash Equivalents.