Reserved Cash definition

Reserved Cash means cash held in the Reserved Cash Account.

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Reserved Cash means cash in the amount of $10,000,000.

Reserved Cash has the meaning assigned thereto in Section 2.2.1;

Examples of Reserved Cash in a sentence

Each such notice must be received by the Administrative Agent not later than 11:00 a.m. Eastern time two (2) Business Days prior to the requested date of such release of Reserved Cash.
Upon satisfaction of the Cash Release Conditions, the Administrative Agent shall arrange for the release of the requested Reserved Cash to the Borrower’s operating account.
The Administrative Agent shall provide notice of such application of Reserved Cash (which notice may be same day) in writing to the Borrower, unless the Administrative Agent determines in its Permitted Discretion that the provision of such notice would impair the collectability or repayment of the Obligations.
Each request to release Reserved Cash shall be made upon the Borrower’s irrevocable notice to the Administrative Agent via a Reserved Cash Release Notice appropriately completed and signed by a member of Senior Management of the Borrower, which may be given by any Electronic Medium.

More Definitions of Reserved Cash

Reserved Cash means, with respect to a given period, the amount of cash specifically reserved throughout such period by the Company for the payment of principal of and interest on the Notes, or any other Permitted Indebtedness other than any Subordinated Indebtedness.

Reserved Cash means any amounts designated as such in a Board Resolution, subject to the prior written consent of the Liquidity Facility Provider.

Reserved Cash means amounts held in the Collections Account, at any time of determination, in respect of the Senior Note Blockage Amount, the Mezzanine Note Blockage Amount, the Junior Note Blockage Amount and the Subordinate Note Blockage Amount.

Reserved Cash means cash reserves made by Borrower Parties for legally committed funding obligations of the Borrower Parties to Portfolio Assets that are revolving loans or delayed draw term loans.

Reserved Cash means the aggregate principal amount of Cash to be placed in the Unsecured Claims Reserve for distribution to holders of Allowed Claims in Class 6, including any Cash dividends paid or payable on the Reserved Shares.

Reserved Cash means Cash in an amount sufficient to pay or reserve for payment of all Cash distributions required under the Plan.

Reserved Cash means any cash deposited with the Administrative Agent pursuant to Section 1.07, any investments thereof permitted by that Section and the proceeds thereof.