SFA Cash Cover definition

SFA Cash Cover has the interpretation given to the term "cash cover" in the Senior Facilities Agreement (or any equivalent term or concept in any relevant Permitted Senior Financing Agreement or Operating Facility Document).

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SFA Cash Cover means a Debtor, in respect of a Documentary Credit or Ancillary Facility to be issued or provided under the Senior Facilities Agreement or a Pari Passu Debt Document (as applicable), paying an amount in the currency of that Documentary Credit (or, as the case may be, Ancillary Facility) to an interest-bearing account in the name of that Debtor and the following conditions being met:

SFA Cash Cover means “cash cover” under and as defined in the Facilities Agreement.

Examples of SFA Cash Cover in a sentence

• This Clause ‎14 (Turnover of Receipts) is subject to Clause 18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral) and, in the case of Notes Trustee Amounts, to paragraphs (a) and (c) of Clause 30.2 (Liability).

• This Clause ‎13 (Effect of Insolvency Event) is subject to Clause ‎18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral) and, in the case of Notes Trustee Amounts, to paragraphs (a) and (c) of Clause 30.2 (Liability).

• Subject to Clause ‎18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (other than the Senior Facilities Agreement and/or any Second Lien Facilities Agreement) except through the Security Agent.

• This Clause 16 (Enforcement of Transaction Security) is subject to Clause ‎18.3 (Treatment of SFA Cash Cover and Senior Lender Cash Collateral).

• This Clause 12 is subject to Clause 14.4 (Treatment of SFA Cash Cover and Senior Lender cash collateral).

• Subject to Clause 12.6 (Security held by other Creditors) and Clause 14.4 (Treatment of SFA Cash Cover and Senior Lender cash collateral), the Secured Parties shall not have any independent power to enforce, or have recourse to, any of the Transaction Security or to exercise any rights or powers arising under the Security Documents (excluding, for the avoidance of doubt, any relevant Debt Financing Agreement) except through the Security Agent.

• This Clause 10 is subject to Clause 14.4 (Treatment of SFA Cash Cover and Senior Lender cash collateral) and, in the case of a Notes Trustee only, to Clause 26.1 (Liability).

• This Clause 7 is subject to Clause 16.3 (Treatment of SFA Cash Cover).

• This Clause 10 is subject to Clause 16.3 (Treatment of SFA Cash Cover).

• This Clause 8 is subject to Clause 16.3 (Treatment of SFA Cash Cover).

More Definitions of SFA Cash Cover

SFA Cash Cover has the meaning given to the term cash cover in paragraph (bb) of clause 1.2 (Construction) of this Agreement;

SFA Cash Cover has the meaning given to the term “cash cover” in clause 7.1(B)(viii) of the CTA.

SFA Cash Cover has the meaning given to: