Pledged Cash Collateral definition

Pledged Cash Collateral means all of Pledgor’s right, title and interest in and to the cash and other assets more particularly described in the Cash Collateral Pledge Agreement and which shall be under the sole dominion and control of the Lender. As of the Forbearance and Fourteenth Amendment Effective Date, the aggregate amount of Pledged Cash Collateral is $0.00.”

Pledged Cash Collateral shall have the meaning set forth in the definition of Pledge Agreements.

Pledged Cash Collateral means any certificates of deposit or other deposits or depositary accounts (i) pledged by Xxxxxx Xxxxx to Lender and maintained at the Master Account Bank pursuant to a pledge or security agreement in form and substance satisfactory to the Lender and the Master Account Bank and (ii) in which Lender shall have a valid and perfected first priority Lien.

Examples of Pledged Cash Collateral in a sentence

• The Borrower shall maintain at all times the Minimum Cash Balance which shall include any amounts held by the Agent as Pledged Cash Collateral.

• As of the Petition Date, the balance in the Pledged Cash Collateral Account is [$27,562,702.56].

• For the avoidance of doubt, the Adequate Protection Liens include the Agent's security interest in and liens upon the Pledged Cash Collateral in the Pledged Cash Collateral Account.

• Agent is hereby expressly permitted to exercise all rights and remedies arising in favor of Agent pursuant to the Cash Collateral Agreement, including, without limitation, the right to apply the Pledged Cash Collateral to the satisfaction of the Pre-Petition Debt and to require and receive additional cash collateral, in each case on the terms set forth therein, as if these chapter 11 cases had not been commenced.

• The Funds Administrator (i) shall calculate the Cash-In-Transit component of the Borrowing Base based upon the amounts provided to the Borrowers by the Depositary Banks for such Business Day, (ii) shall calculate Pledged Cash Collateral based upon the most recent information provided by the Master Account Bank after giving effect to any withdrawals or debits, and (iii) shall calculate the Eligible Accounts, Eligible Deferred Billing Accounts and Eligible Inventory on each Tuesday as of the previous Friday.

More Definitions of Pledged Cash Collateral

Pledged Cash Collateral means available cash, on deposit in a certificate of deposit or a separate Deposit Account, in the principal amount not less than $3,500,000, issued or maintained by a commercial bank acceptable to Administrative Agent, in which Agent has a first priority perfected security interest and has established Control, as security for the Obligations, pursuant to written documentation in form and substance satisfactory to Administrative Agent.

Pledged Cash Collateral as defined in the Related L/C Facility Agreement. “Related L/C Facility Reimbursement Obligation” shall mean any matured “Reimbursement Obligation” under the Related L/C Facility. “Related L/C Facility Third Party Cash Collateral” shall mean the “Third Party Cash Collateral” as defined in the Related L/C Facility Agreement. “Related L/C Facility Third Party Cash Pledge Agreement” shall mean the “Third Party Cash Pledge Agreement” as defined in the Related L/C Facility Agreement. “Related L/C Facility Third Party Cash Pledgor” shall mean the “Third Party Pledgor” as defined in the Related L/C Facility Agreement. “Release” shall have the meaning set forth in Section 5.7(c)(i) hereof. 69 074658.21069/130240014v.3

Pledged Cash Collateral means, collectively, the cash pledged to Lender to secure the Liabilities by one or both of Xxx Xxxxxx and Xxxxx Xxxxxxx pursuant to one or more pledge agreements executed and delivered by such pledgor(s) to Lender.'"

Pledged Cash Collateral as contained in Section 1.1 of the Loan Agreement (Definitions) is hereby deleted in its entirety and the following substituted in its stead:

Pledged Cash Collateral means, collectively and at any time, the aggregate of (and aggregate amount in Dollars of) (i) the Third Party Cash Collateral held by Issuer at such time and (ii) any Loan Parties Cash Collateral held by Issuer at such time.

Pledged Cash Collateral means all of Pledgor’s right, title and interest in and to the cash and other assets more particularly described in the Cash Collateral Pledge Agreement and which shall be under the sole dominion and control of the Lender.”

Pledged Cash Collateral means any certificates of deposit or other Cash Equivalent deposits or cash in depositary accounts (i) pledged by Xxxxxx Xxxxx or Trust to Lender and maintained at the Master Account Bank pursuant to a pledge or security agreement in form and substance satisfactory to the Lender and the Master Account Bank and (ii) in which Lender shall have a valid and perfected first priority Lien. Notwithstanding the foregoing to the contrary, Pledged Cash Collateral shall also include, through the period ending August 31, 1999, the value, calculated based upon the bid price reported as of the previous Business Day by the Securities Intermediary, of the common stock of Xxxxx Holdings, Inc. pledged by Trust pursuant to the Pledge Agreement executed by Trust dated as of July 26, 1999; provided that (i) such stock continues to be actively traded on the Nasdaq stock market (ii) the bid price of such stock is never less than $2.00 and (iii) for the period ending July 30, 1999, the maximum value of each share of Xxxxx Holdings, Inc. stock shall, for the purposes of each Borrowing base, be $3.25, and (iv) thereafter, the maximum value of each share of Xxxxx Holdings, Inc. stock shall, for the purposes of each Borrowing Base, be $2.75.