Collateral and Guaranty Requirements. On or prior to the Delivery Date, the Collateral and Guaranty Requirements with respect to the Vessel shall have been satisfied or the Facility Agent shall have waived such requirements (other than the Specified Requirements) and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. On or prior to the first Initial Borrowing Date, the Collateral and Guaranty Requirements with respect to the Collateral Vessel shall have been satisfied or the Facility Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. Subject to the Agreed Security Principles:
Collateral and Guaranty Requirements. On or prior to the Closing Date, the Collateral and Guaranty Requirements with respect to each Credit Party and each Collateral Vessel shall be satisfied.
Collateral and Guaranty Requirements. (a) The Borrower will cause any Person becoming a Subsidiary (unless such Subsidiary is an Excluded Subsidiary) during any Collateral Trigger Period to, within 30 days of such Person becoming a Subsidiary (as such date may be extended by the Administrative Agent in its reasonable discretion), become a Guarantor in accordance with the Collateral and Guaranty Requirement and satisfy clause (a) of the Collateral and Guaranty Requirement.
Collateral and Guaranty Requirements. (i) To the extent required to be satisfied on or prior to the Effective Date, the Collateral and Guaranty Requirements shall have been satisfied and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by the results of a search of each system that is, or is similar to, the UCC that filings made with respect to the Obligors in the jurisdictions contemplated by the applicable Perfection Certificate and copies of the financing statements (or similar documents) disclosed by such search (in each case to the extent such searches and copies are made available to such Obligors) are Permitted Liens or shall have been terminated and released or provisions satisfactory to the Administrative Agent for such termination and release shall have been made and (ii) the Administrative Agent shall have received from each Obligor the relevant completed Perfection Certificates (together with all attachments contemplated thereby) dated the Effective Date, in each case, signed by an Authorized Officer of such Obligor.
Collateral and Guaranty Requirements. The Collateral and Guaranty Requirements shall have been satisfied, and each Credit Document shall be in full force and effect, or the Administrative Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. On or prior to each Vessel Acquisition Borrowing Date, the Collateral and Guaranty Requirements with respect to each Collateral Vessel being financed on such Vessel Acquisition Borrowing Date (the “Relevant Vessel”) shall have been satisfied or the Administrative Agent shall have waived such requirements (other than the Specified Requirements) and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. On or prior to the Borrowing Date, the Collateral and Guaranty Requirements shall have been satisfied or the Administrative Agent shall have waived such requirements (other than the Specified Requirements) and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
Collateral and Guaranty Requirements. On or prior to the Closing Date, the Collateral and Guaranty Requirements shall be satisfied or the Facility Agent shall have waived such requirements and/or conditioned such waiver on the satisfaction of such requirements within a specified period of time.
