Define: Cash Collateralize
What does "Cash Collateralize" mean? The meaning differs based on the contract. We found 3 definitions across 3 companies in SEC filings.
Definition 1 (AMGEN INC, seen in 1 filing)
Cash Collateralize means in respect of an obligation, provide and pledge (as a first priority perfected security interest) cash collateral in Dollars, at a location and pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and each Issuing Bank (and Cash Collateralization has a corresponding meaning).
Source: AMGEN INC 10-K
Definition 2 (CISCO SYSTEMS, INC., seen in 1 filing)
Cash Collateralize means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the L C Issuers or the Lenders, as collateral for L C Obligations or obligations of the Lenders to fund participations in respect of L C Obligations, cash or deposit account balances or, if the Administrative Agent and the applicable L C Issuer(s) shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance satisfactory to the Administrative Agent and the applicable L C Issuer(s). Cash Collateral shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.
Source: CISCO SYSTEMS, INC. 10-Q
Definition 3 (BIOGEN INC., seen in 1 filing)
Cash Collateralize means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the L/C Issuer or the Lenders, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect of L/C Obligations, cash or deposit account balances, in each case denominated in Dollars, or, if the Administrative Agent and the L/C Issuer shall agree in their sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the L/C Issuer. "Cash Collateral" shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.
Source: BIOGEN INC. 10-K
Data extracted from 3 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.