Permitted Cash Equivalents definition

Permitted Cash Equivalents means:

Permitted Cash Equivalents means time deposits of, or certificates of deposit issued by, BofA that, in each instance, are acceptable to the Administrative Agent.

Permitted Cash Equivalents securities issued by the United States government or any agency or instrumentality of the United States government having maturities of not more than two (2) years from the date of acquisition;

Examples of Permitted Cash Equivalents in a sentence

• 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.

• 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.

• 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.

• The cash balance and the Permitted Cash Equivalents from time to time in the Cash Collateral Account shall constitute security for the Obligations and shall not constitute payment of the Obligations until applied as provided in this Security Agreement.

• However, if any Event of Default shall have occurred and be continuing, the Agent may in its discretion liquidate or otherwise dispose of any Permitted Cash Equivalents held in the Cash Collateral Account and apply or cause to be applied (subject to collection) the balance from time to time outstanding (including the proceeds of such liquidation) to the credit of the Cash Collateral Account to the payment of the Obligations in the manner specified in Section 6.

More Definitions of Permitted Cash Equivalents

Permitted Cash Equivalents means, at any date of determination, (i) certificates of deposit or bankers' acceptances maturing within one year after such date and issued or accepted by the Agent and (ii) subject to agreement of the Agent and the Company to mutually satisfactory custodial arrangements, other Cash Equivalents (except that commercial paper described in clause (b)(iii) of the definition of Cash Equivalents shall have a rating of at least A-1 from S&P or P-1 from Moody's).

Permitted Cash Equivalents means any of the following:

Permitted Cash Equivalents means Obligations described in clauses (a) and (b) of the definition of Cash Equivalents.

Permitted Cash Equivalents means (i) marketable direct obligations issued or unconditionally guaranteed by the United States of America or any agency thereof maturing within one year from the date of acquisition thereof, (ii) commercial paper maturing no more than one year from the date of creation thereof and currently having the highest rating obtainable from either Standard & Poor’s Ratings Group or Mxxxx’x Investors Service, Inc., (iii) certificates of deposit maturing no more than one year from the date of creation thereof issued by (A) the Business Bank, a Minnesota corporation, or (B) commercial banks incorporated under the laws of the United States of America, each having combined capital, surplus and undivided profits of not less than $300,000,000 and having a senior unsecured rating of “A” or better by a nationally recognized rating agency (an “A Rated Bank”), (iv) time deposits maturing no more than 30 days from the date of creation thereof with A Rated Banks and (v) investments in mutual funds that invest solely in one or more of the investments described in clauses (i) through (iv) above.

Permitted Cash Equivalents means, with respect to a Loan Party, Investments permitted to be made pursuant to the Investment Policy of Parent which is attached as SCHEDULE 1.1B ("Parent's Investment Policy").

Permitted Cash Equivalents means any investment in:

Permitted Cash Equivalents means, to the extent held in accounts within the United States: debt securities which constitute direct obligations of any government, commercial paper, certificates of deposit, banker's acceptances, repurchase agreements with respect to government securities and any other investments that would reasonably be considered cash equivalents of like kind and nature.