Restricted Cash Account definition

Restricted Cash Account means the account on the consolidating balance sheet of the Borrower related solely to redemption settlement assets of Loyalty Management’s “Air Miles Program.”

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Restricted Cash Account. This term shall have the meaning set forth in Section 306 of this Indenture.

Restricted Cash Account means the account established and maintained pursuant to the Deposit Agreement.

Examples of Restricted Cash Account in a sentence

The Lenders shall have the right to receive, to the extent necessary to make the required payments with respect to the Loans of any Borrower at the times and in the amounts specified herein, funds on deposit in the related Distribution Account (subject to the priorities set forth in Section 302 and Section 806 hereof), Revenue Reserve Account and Restricted Cash Account.
Any and all monies on deposit in any Restricted Cash Account shall be invested in Eligible Investments in accordance with this Agreement and shall be distributed in accordance with this Section 306.
Each Restricted Cash Account shall only be relocated to another financial institution in accordance with the express provisions of Section 303(d) hereof.
Each Borrower has established, and shall maintain so long as any Outstanding Obligation of such Borrower remains unpaid, an Eligible Account in the name of such Borrower with the Collateral Agent which shall be designated as a Restricted Cash Account, which account shall be held by the Collateral Agent for the benefit of the Secured Parties pursuant to the terms of this Agreement.
Each Borrower shall deposit funds in the applicable Restricted Cash Account in accordance with Section 302 hereof or from other funds otherwise available to such Borrower; provided that, on the TCIL Borrower Initial Funding Date, the TCIL Borrower will ensure that the amount on deposit in the applicable Restricted Cash Account is at least equal to the applicable Restricted Cash Amount.

More Definitions of Restricted Cash Account

Restricted Cash Account. The account or accounts established pursuant to Section 306 of this Loan Agreement.

Restricted Cash Account means a bank account opened in the name of Borrower with the DNB Bank ASA in its capacity as account holder and designated “Safe Bulkers, Inc. – Restricted Cash Account” with account number ▇▇▇▇▇▇▇▇.

Restricted Cash Account. An account established and maintained by, and in the name of, the Indenture Trustee with the Corporate Trust Office, into which funds will, from time to time, be deposited in an amount equal to the Restricted Cash Target Balance.

Restricted Cash Account has the meaning given in the SSA;

Restricted Cash Account means a depository account located at the Administrative Agent and subject to a Deposit Account Control Agreement (as defined in the Security Agreement) that holds the Borrowers’ Restricted Cash that is not subject to the Lien or claim of any Person other than the Administrative Agent and as to which access by the Loan Parties is restricted.

Restricted Cash Account means the amounts placed in general ledger account with the Bank by or on behalf of WFSRC3.

Restricted Cash Account means a Deposit Account and/or Securities Account maintained pursuant to Section 4.24 at a depositary institution acceptable to the Controlling Party and the Collateral Agent.