Specified Cash Collateral definition

Specified Cash Collateral means cash or deposit account balances pledged and deposited with the Administrative Agent, for the benefit of one or more of the L/C Issuer or Swingline Lender (as applicable) or the Lenders, as Collateral for the Obligations, in Dollars and pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer or the Swingline Lender (as applicable). “Specified Collateral Account” has the meaning specified in Section 2.14(b). “Specified Guarantor” means X. Xxxxx Financial, Inc., a Delaware corporation. “Specified Guarantor Reimbursement Agreement” means that certain Reimbursement Agreement dated as of the date hereof by and between the Borrower and the Specified Guarantor, as the same may be

Specified Cash Collateral means, at any time, cash collateral then held by the Administrative Agent in the LC Collateral Account for purposes of Section 7.08(m) and Section 3.01(k)(i)(E).

Specified Cash Collateral means, at any time of determination, any Cash Collateral with respect to Chevron or XXXXX.

Examples of Specified Cash Collateral in a sentence

No interest or other additional amounts shall be payable to any Loan Party on account of any Specified Cash Collateral in connection with any application of any Specified Cash Collateral in accordance with this Agreement or otherwise.
To the extent required by the L/C Transition Schedule to occur on or prior to the Closing Date, (i) the Existing L/Cs shall be returned undrawn to the issuer thereof and the related cash collateral returned to the provider(s) thereof, and (ii) the Borrower shall have provided Specified Cash Collateral in accordance with Section 2.14.
Chevron and XXXXX shall have accepted letters of credit issued by or on behalf of Buyers and/or their respective Affiliates in substitution of any and all Specified Cash Collateral.
Subject to the terms and conditions hereof, Buyers and Sellers shall cooperate and use commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable to obtain a commitment from Chevron and XXXXX on market-based terms to replace the Specified Cash Collateral with letters of credit to be issued by or on behalf of Buyers for the benefit of such Persons, as applicable, as of the Closing.
The Borrower shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges of Axos Bank and the Administrative Agent in connection with the maintenance and disbursement of Cash Collateral and Specified Cash Collateral.
All Cash Collateral and Specified Cash Collateral (in each case other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest-bearing deposit accounts at Axos Bank.
Use the proceeds of the Credit Extensions (i) to pay in full on the Closing Date all Indebtedness outstanding under the Existing Credit Agreement, (ii) to fund Specified Cash Collateral as required hereby, (iii) to satisfy Existing Facilities Obligations, and (iv) to finance working capital, Capital Expenditures and Acquisitions and for general corporate purposes (including the payment of fees and expenses), in each case to the extent permitted under applicable Law and the Loan Documents.

More Definitions of Specified Cash Collateral

Specified Cash Collateral means, as of any date of determination, with respect to any Collateral Group, any Cash Collateral that was deposited with the Mortgage in connection with an Event of Loss with respect to such Collateral Group, or otherwise delivered as insurance or condemnation proceeds or other proceeds corresponding to such Collateral Group.

Specified Cash Collateral means all “Cash Collateral” as defined in Section 363 of the Bankruptcy Code, all deposits subject to setoff and cash arising from the collection or other conversion to cash of property of the Loan Parties in which the Prepetition Lenders or Prepetition Agent has a security interest, Lien or mortgage, whether such security interests, Liens or mortgages existed as of the commencement of the Chapter 11 Case or arise thereafter pursuant to an Order, and whether the property converted to cash existed as of the commencement of the Chapter 11 Case or arose or was generated thereafter, including, without limitation, all proceeds from the sale or other disposition of the Prepetition Collateral or Collateral.

Related to Specified Cash Collateral

L/C Cash Collateral Account means an account of the Borrower to be maintained with the Administrative Agent, in the name of the Administrative Agent and under the sole control and dominion of the Administrative Agent and subject to the terms of this Agreement.
Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.
Cash Collateral Accounts shall have the meaning given such term in Section 9(a).
Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as referred to in Section 3.05(f).
Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.
Cash Collateral Account means a blocked account at a commercial bank specified by the Administrative Agent in the name of the Administrative Agent and under the sole dominion and control of the Administrative Agent, and otherwise established in a manner reasonably satisfactory to the Administrative Agent.
Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).
Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).
Cash Collateral Account Agreement With respect to any Mortgage Loan, the cash collateral account agreement, if any, between the originator of such Mortgage Loan and the related Mortgagor, pursuant to which the related Cash Collateral Account, if any, may have been established.
Final Cash Collateral Order means the Final Order (I) Authorizing Use of Cash Collateral, (II) Granting Adequate Protection, (III) Modifying the Automatic Stay to Permit Implementation, and (IV) Granting Related Relief [Docket No. 988] entered by the Bankruptcy Court on March 25, 2015, including all stipulations related thereto.
Cash Collateral Order means an order of the Bankruptcy Court that (i) authorizes the Debtor to use the Prepetition Lenders’ Cash Collateral; and (ii) is acceptable to the Lender in the Lender’s sole discretion.
LC Obligations means, at any time, the sum, without duplication, of (i) the aggregate undrawn stated amount under all Facility LCs outstanding at such time plus (ii) the aggregate unpaid amount at such time of all Reimbursement Obligations.
Bank Product Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations).
Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.
Facility LC Collateral Account is defined in Section 2.19.11.
Cash Collateralization has a correlative meaning.
Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.
Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.
Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.
LC Collateral Account has the meaning assigned to such term in Section 2.06(j).
Specified Cash Management Agreement any agreement providing for treasury, depositary or cash management services, including in connection with any automated clearing house transfers of funds or any similar transactions between the Borrower or any Guarantor and any Lender or affiliate thereof or any Agent or affiliate thereof, which has been designated by such Lender and the Borrower, by notice to the Administrative Agent not later than 90 days after the execution and delivery by the Borrower or such Guarantor, as a “Specified Cash Management Agreement”.
L/C Obligations means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.
Cash Collateralize has the meaning specified in Section 2.03(g).
Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.
Bank Product Reserve means the aggregate amount of reserves established by the Administrative Agent from time to time in its Permitted Discretion in respect of Secured Bank Product Obligations.
Credit Obligations means all present and future liabilities, obligations and Indebtedness of the Company, any of its Subsidiaries or any other Obligor owing to the Agent or any Buyer (or any Affiliate of a Buyer) under or in connection with this Agreement or any other Transaction Document.