We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Collateral and Guarantee Sample Clauses

Collateral and Guarantee. The Convertible Bond with Stock Acquisition Rights has no collateral or guarantee, nor is there any asset specifically reserved for it.
Sample 1Sample 2
Collateral and Guarantee. This Credit Facility is not secured by any special collateral in the form of any object or income or other asset of the DEBTOR in any manner whatsoever, and is not guaranteed by any party. However, in compliance with Articles 1131 and 1132 of the Code of Civil Law, all assets of the DEBTOR, that are both movable and immovable, have existed and will do so in the future, except for the assets of the DEBTOR that have been specifically put as security to the creditors, shall constitute general collateral against all of the DEBTOR’s debts to other parties neither specifically secured nor privileged, including this Credit Facility on a pari passu basis.
Sample 1
Collateral and Guarantee. THE LOAN will have the following collateral and guarantees: a. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over the equipment described in Addendum II to this Agreement (hereafter, the “EQUIPMENT”), and a pledge in favor of DORAL of the proceeds received by the DEBTOR, or to which the DEBTOR is entitled to receive, from the sale, lease and/or taking of all or part of the EQUIPMENT, up to a maximum of FOUR HUNDRED EIGHTY-SIX THOUSAND DOLLARS ($486,000) (hereinafter, the “EQUIPMENT SECURITY INTEREST”).
Sample 1
Collateral and Guarantee. This Credit Facility is not secured by any special collateral in the form of object or income or other assets of the Debtor in any manner whatsoever, and is not guaranteed by any party. However, in line with Article 1131 and 1132 of the Indonesian Civil Code, all assets of the Debtor, whether movable or immovable, existing or to be acquired hereafter, except for assets of the Debtor which are specifically encumbered as security for the benefit of its creditors under the Permitted Collateral and Guarantee, shall constitute a general collateral for any of the Debtor’s indebtedness to parties that have not been specifically secured or of a privileged nature, including this Credit Facility on a paripassu basis.
Sample 1
Collateral and Guarantee. THE LOAN will have the following collateral and guarantees: a. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $2,025,000”) to the order of DORAL, issued by GARROCHALES, for the principal amount of TWO MILLION TWENTY FIVE THOUSAND DOLLARS ($2,025,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $2,025,000) over PROPERTY 1, constituted by deed number thirty three (33), granted in San Jxxx, Puerto Rico, the fourteenth (14) of June of two thousand five, (2005), before the notary public Fxxxxxxxx Xxxxx Xxxxxxx. b. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $475,000”) to the order of DORAL, issued by GARROCHALES, for the principal amount of FOUR HUNDRED SEVENTY FIVE THOUSAND DOLLARS ($475,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $475,000) over PROPERTY 2, constituted by deed number thirty three (34), granted in San Jxxx, Puerto Rico, the fourteenth (14) of June of two thousand five, (2005), before the notary public Fxxxxxxxx Xxxxx Xxxxxxx. c. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $500,000”) to the order of DORAL, issued by GARROCHALES, for the principal amount of FIVE HUNDRED FIVE THOUSAND DOLLARS ($500,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $500,000) over PROPERTY 3, constituted by deed number three (3), granted in San Jxxx, Puerto Rico, the twenty fifth (25) of January of two thousand two, (2002), before the notary public Rxxxxxx Xxxxxx Fontán. d. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over mortgage promissory note (hereafter the “MORTGAGE PROMISSORY NOTE OF $450,000”) to the order of DORAL, issued by MXXXX, for the principal amount of FOUR HUNDRED FIFTY THOUSAND DOLLARS ($450,000), guaranteed with a first mortgage (hereafter MORTGAGE OF $450,000) over PROPERTY 4. e. Guaranteed first lien in favor of DORAL and a first priority security interest in favor of DORAL over promissory note (hereafter the “PROMISSORY NOTE OF $3,000,000”) to the order of the GUARANTORS (as this term is defined below in this agreement), issued by the DEBTOR, for the principal amount of TREE MILLI...
Sample 1
Collateral and Guarantee. This is an unsecured loan.
Sample 1
Collateral and Guarantee 
Sample 1Sample 2

Related to Collateral and Guarantee

  • Collateral and Guaranty Matters Each of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion, (a) to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon the Facility Termination Date, (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) if approved, authorized or ratified in writing by the Required Lenders in accordance with Section 11.01; (b) to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i); and (c) to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents. Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10. The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

  • Collateral Documents and Guaranty (a) The Secured Parties irrevocably authorize the Collateral Agent, at its option and in its discretion, (i) to release any Lien on any property granted to or held by the Collateral Agent under any Credit Document (v) upon termination of all Commitments and payment in full of all Obligations (other than Remaining Obligations) and the expiration, termination or Cash Collateralization of all Letters of Credit, (w) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted under the Credit Documents to any Person other than a Credit Party (provided that if requested by the Administrative Agent, the Borrowers shall provide a certification that such disposition is permitted by this Agreement), (x) subject to Section 10.5, if approved, authorized or ratified in writing by the requisite lenders under this Agreement, (y) if the property subject to such Lien is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause (iii) below or (z) to the extent the property subject to such Lien becomes an Excluded Asset; (ii) to subordinate any Lien on any property granted to or held by the Collateral Agent under any Credit Document to the holder of any Lien on such property that is permitted by Section 6.2(f) or 6.2(g); and (iii) to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Restricted Subsidiary as a result of a transaction permitted under the Credit Documents. Upon request by the Collateral Agent at any time, the Lenders will confirm in writing the Collateral Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10(a). If any Collateral is disposed of as permitted by Section 6.9 to any Person other than a Credit Party, such Collateral shall be sold free and clear of the Liens created by the Credit Documents and the Administrative Agent or the Collateral Agent, as applicable, shall, at the expense of the Borrowers, take any and all actions reasonably requested by the Borrowers to effect the foregoing (provided that if requested by the Administrative Agent, the Borrowers shall provide a certification that such disposition is permitted by this Agreement). (b) Anything contained in any of the Credit Documents to the contrary notwithstanding, each Credit Party, the Administrative Agent, the Collateral Agent and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the Guaranty, it being understood and agreed that all powers, rights and remedies hereunder and under any of the Credit Documents may be exercised solely by the Administrative Agent or the Collateral Agent, as applicable, for the benefit of the Secured Parties in accordance with the terms hereof and thereof and all powers, rights and remedies under the Collateral Documents may be exercised solely by the Collateral Agent for the benefit of the Secured Parties in accordance with the terms thereof, and (ii) in the event of a foreclosure or similar enforcement action by the Collateral Agent on any of the Collateral pursuant to a public or private sale or other disposition (including pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code), the Collateral Agent (or any Lender, except with respect to a “credit bid” pursuant to Section 363(k), Section 1129(b)(2)(a)(ii) or otherwise of the Bankruptcy Code) may be the purchaser or licensor of any or all of such Collateral at any such sale or other disposition and the Collateral Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities) shall be entitled, upon instructions from Required Lenders, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such sale or disposition, to use and apply any of the Obligations as a credit on account of the purchase price for any Collateral payable by the Collateral Agent at such sale or other disposition. (c) Neither the Administrative Agent nor the Collateral Agent shall be responsible for or have a duty to ascertain or inquire into (including any representation or warranty regarding) the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Credit Party in connection therewith, and neither the Administrative Agent nor the Collateral Agent shall be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. (d) No Secured Swap Contract or Cash Management Obligation will create (or be deemed to create) in favor of any Eligible Counterparty or Cash Management Bank, as applicable, that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Guarantor under the Credit Documents except as expressly provided in Section 8.3 and Section 10.5(d)(iv). By accepting the benefits of the Collateral, each Eligible Counterparty and each Cash Management Bank shall be deemed to have appointed the Collateral Agent as its agent and agreed to be bound by the Credit Documents as a Secured Party, subject to the limitations set forth in this clause (d). Notwithstanding any other provision of this Section 9 to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Cash Management Obligations or Obligations arising under Secured Swap Contracts unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may reasonably request, from the applicable Cash Management Bank or Eligible Counterparty, as the case may be.

  • Collateral and Guarantee Requirement Clause (ii) of the Collateral and Guarantee Requirement shall have been satisfied.

Most Referenced Clauses

Most Referenced Definitions