Controlled Account Release Event

Example Definitions of "Controlled Account Release Event"
Controlled Account Release Event. As applicable, (i) the Company's receipt of a notice by the Holder electing to effect a release of cash with respect to any Restricted Principal to the Company or (ii) at any time the Outstanding Amount hereunder is greater than the cash amount in the Holder Master Restricted Account (such excess amount, the Excess Collateral), as long as no Event of Default has occurred and is continuing, the Company may, by delivery of written notice to the Holder, require the release of such Excess... Collateral to the Company from the Holder Master Restricted Account View More
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