Reinvestment Request definition

Reinvestment Request has the meaning given in Section 8.3(b).

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Reinvestment Request shall have the meaning specified in Section 2.14(a).

Reinvestment Request means a written request executed by a Responsible Officer of a Credit Party stating that no Default or Event of Default has occurred and is continuing and that such Credit Party Trico Marine DIP Credit Agreement (directly or indirectly through a Subsidiary of such Credit Party that is also a Credit Party) intends and expects to use all or a specified portion of the Net Cash Proceeds of a Recovery Event to replace or repair a damaged or taken property, provided that pending any such use (or any prepayment in accordance with Section 2.6), all such Net Cash Proceeds resulting therefrom shall be deposited as cash collateral in the Reserved Cash Collateral Account to secure the Obligations in accordance with Section 5.11(a). A Reinvestment Request shall not be effective for purposes of this Agreement unless consented to by the Majority Lenders.

Examples of Reinvestment Request in a sentence

• Subject to the Collateral Custodian’s receipt of the Reinvestment Request, the Collateral Custodian will release funds from the Collection Account to the Borrower in an amount not to exceed the lesser of (A) the amount requested by the Borrower and (B) the amount on deposit in the Principal Collection Account.

• The Collateral Custodian acknowledges that in connection with any Borrowing or Reinvestment Request and the related Approval Notice (if applicable), additional Collateral Asset Files (specified on the applicable Collateral Asset Schedule or supplement to the Collateral Asset Schedule) may be delivered to the Collateral Custodian from time to time.

• Delivery of the Reinvestment Request to the Collateral Custodian will be deemed certification to the Collateral Custodian that the conditions set forth in this Section 2.14 and Section 4.02 have been met.

More Definitions of Reinvestment Request

Reinvestment Request shall have the meaning specified in Section 2.14(a). USActive 57710049.13-29-