Supplemental Cash Collateral definition

Supplemental Cash Collateral means otherwise unrestricted cash deposited with Agent by Borrower or a Loan Party and designated by Borrower to Agent (and confirmed by Agent) to be (i) held by Agent as Collateral subject to Agent’s Lien (without any obligation of Agent or any Lender to pay interest on such deposit to Borrower or any Loan Party) and (ii) available for purposes of clause (b) of the definition of Borrowing Base.
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Supplemental Cash Collateral shall have the meaning set forth in the Cash Collateral Agreement.
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Supplemental Cash Collateral means cash delivered to and held by NationsBank for the pro rata, pari passu benefit of the Lenders as additional collateral security for the Obligations and in which NationsBank for the pro rata pari passu benefit of the Lenders has been granted and has a first priority, perfected security interest.
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Examples of Supplemental Cash Collateral in a sentence

  • The Committee makes the following arguments in support of its Objection to the Third Amended Supplemental Cash Collateral Order: There is no representation in the Stipulation or Order that the cash collateral budget (the “Budget”) provides for the payment of all allowed administrative claims in full.

  • In fact, a review of the Debtor’s financial disclosures in the First Bankruptcy versus its Supplemental Cash Collateral Budget .

  • The Debtors shall maintain Unrestricted Cash (as defined in the Loan Agreement) in amounts, (A) measured as of the close of business Friday of each week, not less than the weekly minimums of Unrestricted Cash as set forth in Exhibit "B" attached hereto, and (B) measured as of the close of business of each day from and after January 15, 2005 through the end of the Supplemental Cash Collateral Period, not less than $300,000,000.

  • Payment of the Section 503(b)(9) Claim is an entirely separate issue from payment for the post-petition supplies.Entry of an order compelling payment of the Section 503(b)(9) Claim would also violate the Final Order Approving Stipulation to (A) Amend the Third Amended Supplemental Cash Collateral Order, (B) Authorize Continued Use of Cash Collateral, (C) Grant Adequate Protection, (D) Modify Automatic Stay, and (E) Grant10:00 AMCONT...

  • The Replacement Liens granted hereunder shall be limited in amount to the aggregate diminution in value of the interests of the ATSB Lender Parties in the Pre-Petition Collateral during the Bridge Cash Collateral Period, Interim Cash Collateral Period, Final Cash Collateral Period, Supplemental Cash Collateral Period and any Extended Supplemental Cash Collateral Period.

  • Each of the Guarantors and the Borrower will comply with the terms of the First Supplemental Cash Collateral Order with respect to “Asset Sales” (as defined in the ATSB Loan Agreement).

  • Notwithstanding any other term or provision hereof, during the Supplemental Cash Collateral Period, and any Extended Supplemental Cash Collateral Period, (i) remedies exercisable by the Lenders, the Agent or the Collateral Agent under the Loan Agreement or any Collateral Agreement, and (ii) any written notice delivered pursuant to section 10 hereof, shall be exercised or made solely upon the written instruction, or with the written consent, of the ATSB.

  • As reflected in the monthly cash forecast attached to the Supplemental Cash Collateral Motion (as defined below), UCI Holdings had approximately $44 million in cash on hand on a consolidated basis as of July 22, 2016, and projects sufficient cash through the expected completion of the restructuring process at year-end.

  • The Fourth Supplemental Cash Collateral Order provides that the Debtors are authorized to use the Banks’ cash collateral in accordance with the Cash Collateral Budget [Doc.

  • As reflected in the monthly cash forecast attached to the Supplemental Cash Collateral Motion, UCI Holdings had approximately $44 million in cash on hand on a consolidated basis as of July 22, 2016, and projects sufficient cash through the expected completion of the restructuring process at year-end.

Related to Supplemental Cash Collateral

  • L/C Cash Collateral Account means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Cash Collateral Agreement shall have the meaning provided in Section 5.2(b).

  • Class A Cash Collateral Account means an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it shall so qualify, into which all amounts drawn under the Class A Liquidity Facility pursuant to Section 3.5(c), 3.5(d), 3.5(i) or 3.5(m) shall be deposited.

  • 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.

  • Cash Collateral Accounts shall have the meaning given such term in Section 9(a).

  • 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 shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  • 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.

  • Required Cash Collateral Amount shall have the meaning provided in Section 3.7(c).

  • Cash Collateral Order means the First Cash Collateral Order, as extended and modified by subsequent orders of the Bankruptcy Court [ECF Nos. 2402, 2726, 3207, 3480, 5580, 6128, 7378, 8081, 8467, 8671, 8958, 9112].

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • Cash Collateral Orders means, collectively, the Interim Cash Collateral Order and the Final Cash Collateral Order.

  • Facility LC Collateral Account is defined in Section 2.20.11.

  • U.S. Collateral Agreement means the U.S. Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, Intermediate Holdings, the U.S. Borrower, each Domestic Subsidiary Loan Party and the Collateral Agent.

  • Cash Collateralization has a correlative meaning.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • LC Collateral Account has the meaning assigned to such term in Section 2.06(j).

  • 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.

  • New Credit Facility is defined in Section 9.8.

  • 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).

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Credit Facility shall include any agreement or instrument (1) changing the maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof.

  • 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.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.