Deferred Interests Sample Clauses

Deferred Interests. (a) Subject to Section 2.3(b), each Pledgor hereby pledges and assigns to the Agent, for the ratable benefit of the Secured Parties, and grants to the Agent, its successors and assigns, for the ratable benefit of the Secured Parties, a Lien upon and security interest in, all of such Pledgor’s right, title and interest in and to the following, in each case whether now owned or existing or hereafter acquired or arising or in which such Pledgor now has or at any time in the future may acquire any right, title or interest (it being understood that, subject to Section 2.3(b) and Section 2.3(c), the following assets and properties shall also constitute “Collateral” as used in this Agreement):

Deferred Interests. (a) In the event that the Deferred Interests, Deferred Purchased Entity and/or the Deferred Properties (collectively, the “Deferred Assets”) (i) remain subject to the Securitized Debt Obligations at the Initial Closing and (ii) the Parties have not otherwise agreed to an arrangement for the Transfer of the Deferred Assets at the Initial Closing, then, and only then, the Deferred Assets shall not be purchased and sold at the Initial Closing. (b) The Seller Parties will notify Purchaser on the date five (5) Business Days prior to the Initial Closing Date of whether the Securitized Debt Obligations will be released prior to the Initial Closing Date or if the Deferred Assets will remain subject thereto.