Qualified Cash

Example Definitions of "Qualified Cash"
Qualified Cash. Unrestricted cash or Cash Equivalents of Borrowers (i.e., a Blocked Account) that are subject to the valid, enforceable and first priority perfected security interest of Agent in an deposit account at Agent subject to a Deposit Account Control Agreement in form and substance satisfactory to Agent, and free and clear of any other security interest, pledge, lien, encumbrance or claim (other than a person with whom Agent has a satisfactory intercreditor agreement)
Qualified Cash. Means cash of any Loan Party on deposit in a Deposit Account (as defined in the Security Agreement) subject to a Deposit Account Control Agreement (as defined in the Security Agreement) but not to exceed $13,125,000 in the aggregate.
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