Revolver Cash Collateral definition
Examples of Revolver Cash Collateral in a sentence
The foregoing provisions of this Section 6.2(a) shall not prevent the Term Loan Agent or the Term Loan Claimants from objecting to any provision in any Revolver Cash Collateral order or Revolver DIP Financing documentation relating to any provision or content of a plan of reorganization.
To the extent the Borrower reduces the Revolving Committed Amount in accordance with this Section 2.6(a), excess proceeds in the Revolver Cash Collateral Account shall be returned to the Borrower on a dollar-for-dollar basis.
The Borrower or any other Credit Party shall have established the Revolver Cash Collateral Account with ▇▇▇▇▇ Fargo.
Prior to the Cash Collateral Release Date, each Credit Party will cause the Credit Party Obligations to be fully secured by Cash Collateral (in an amount equal to the Revolving Committed Amount) held in the Revolver Cash Collateral Account and pursuant to the terms and conditions of the Security Documents or such other security documents as the Administrative Agent shall reasonably request.
At any point in time in which there is a Defaulting Lender, the Issuing Lender may require the Borrower to Cash Collateralize the LOC Obligations pursuant to Section 2.20 (only to the extent that such LOC Obligations are not already Cash Collateralized by the Revolver Cash Collateral Account or otherwise).