A Collateral definition
Examples of A Collateral in a sentence
A Collateral Account Control Agreement, duly executed and delivered by the Borrower, the Administrative Agent and State Street Bank and Trust Company.
A Collateral Agent who has resigned or been removed will be subject to Section 311(a) of the Trust Indenture Act to the extent provided therein.
Party A Collateral Threshold: $ provided, however, that Party A’s Collateral Threshold is zero if an Event of Default or Potential Event of Default with respect to Party A has occurred and is continuing.
If applicable, complete the following: Party A Collateral Threshold: $ __________; provided, however, that Party A’s Collateral Threshold shall be zero if an Event of Default or Potential Event of Default with respect to Party A has occurred and is continuing.
Pursuant to the Tranche A Collateral Documents and the Tranche B Collateral Documents, the Company has agreed to pledge and grant security interests in the Collateral as security for the Tranche A Obligations and the Tranche B Obligations, respectively.
To Pledgor’s Actual Knowledge, as of the date hereof, neither Mezzanine A Borrower or Mortgage Borrower is in default in any material respect in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any agreement or instrument to which it is a party or by which Mortgage Borrower, Mezzanine A Borrower, the Mezzanine A Collateral or any of the Properties are bound.
Enclose two (2) signed originals of Exhibit A, Collateral Election Certification.
Further, the Financial Institution agrees that it will execute all elements of this Agreement, a Trustee Agreement (“Trustee Agreement”) or Exhibit A (Collateral Election Certification), and any other agreements or documents required by the Treasurer during the term of this designation.
A Collateral Obligation (other than an Exchanged Defaulted Obligation, which need not satisfy these tests to be included) will be eligible for inclusion in the Collateral only if subclause (a) below is satisfied (collectively, the “Reinvestment Criteria”).
Notwithstanding the foregoing, to the extent any amount received hereunder consists of proceeds from the sale of the Tranche A Collateral, such amount shall be applied to reduce the outstanding amount of the Tranche A Loan Obligations.