Bridge Security definition

Bridge Security. Any obligation or security that (x) is a debt obligation incurred in connection with a merger, acquisition, consolidation, sale of all or substantially all of the assets of a Person, restructuring or similar transaction and (y), which debt obligation by its terms is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (other than any additional borrowing or refinancing if one or more financial institutions shall have provided the obligor on such debt obligation with a binding written commitment to provide the same) (it being understood that any such obligation or security that has a nominal maturity date of one year or less from the incurrence thereof but has a term-out or other provision whereby (automatically or at the sole option of the obligor thereof) the maturity of the indebtedness thereunder may be extended to a later date is not a Bridge Security).
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Bridge Security means any obligation or security that is a debt obligation incurred in connection with a merger, acquisition, consolidation, sale of all or substantially all of the assets of a person or entity, restructuring or similar transaction, which debt obligation by its terms is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (other than any additional borrowing or refinancing if one or more financial institutions shall have provided the issuer of such debt obligation with a binding written commitment to provide the same).
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Bridge Security means, in respect of an Aircraft, any Lien over the Collateral granted by the Initial Lessee for such Aircraft or the Lessee Parent of such Initial Lessee in favor of the Bridge Lender in respect of such Aircraft or Initial Lessee. [Appendix A]
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Examples of Bridge Security in a sentence

  • To the extent that the Bridge Security Agreement, purports to assign or pledge to the Bridge Collateral Agent a security interest in or lien on, any collateral as security for the obligations of the Company from time to time existing in respect of the Exchanged Bridge Notes, such pledge, assignment and/or grant of the security interest or lien is hereby ratified and confirmed in all respects, and shall apply with respect to the obligations under the New Exchanged Bridge Notes.

  • On the Closing Date, the Company and the Bridge Collateral Agent shall amend and restate the Bridge Security Agreement in the form attached hereto as Exhibit F(the “Amended Bridge Security Agreement”).

  • The Bridge Collateral Agent shall not have, by reason hereof or the Amended Bridge Security Agreement and any ancillary documents related thereto (collectively, the “Bridge Security Documents”), a fiduciary relationship in respect of the Investor.

  • There are no, and upon consummation of the transactions contemplated hereby and by the other Transaction Documents there will not be any, financing statements securing obligations of any amounts filed against the Company or any of the Subsidiaries or any of their respective assets, other than pursuant to the Bridge Security Agreement (as defined in the Bridge Purchase Agreement) and the Amended and Restated Security Agreement (as defined in the Existing Senior Security Agreement).

  • On the Closing Date, the CAP Collateral Agent and the Bridge Collateral Agent shall amend and restate the Intercreditor Agreement in the form attached hereto as Exhibit G (the “Amended Intercreditor Agreement”, and together with the Amended Bridge Security Agreement and any ancillary documents related thereto and the Amended CAP Security Agreement and any ancillary documents related thereto, the “Amended Security Documents”).

  • The Investor hereby acknowledges and agrees that the Bridge Collateral Agent shall be entitled to all of the rights, privileges and immunities set forth in the Bridge Security Agreement (including, but not limited to, the provisions of Section 9 of the Bridge Security Agreement).

  • The Guarantors agree to enter into and keep in full force and effect, subject to the terms thereof, the Bridge Security Agreement and the Bridge Pledge Agreement to secure the obligations of the Guarantors under this Guarantee.

  • No course of dealing between the Borrowers, the Bridge Collateral Agent and the Bridge Lenders or their respective agents or employees shall be effective to change, modify or discharge any provision of this Bridge Security Agreement or any of the other Loan Documents or to constitute a waiver of any Event of Default.

  • To the extent permitted by law, the Company hereby waives demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note, the Bridge Security Documents, the Securities Purchase Agreement and the other Transaction Documents.

  • There shall be deposited from time to time into such account the cash proceeds of the Collateral required to be delivered to the Senior Administrative Agent pursuant to Section 6(b) hereof or any other provision of this Bridge Security Agreement.


More Definitions of Bridge Security

Bridge Security means any Underlying Asset that is a debt obligation incurred in connection with an actual or proposed merger, acquisition, consolidation, sale of all or substantially all of the assets of a person or entity, restructuring (other than a bankruptcy or similar restructuring) or similar transaction, which debt obligation by its terms is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (other than any additional borrowing or refinancing if one or more financial institutions will have provided the issuer of such debt obligation with a binding written commitment to provide the same).
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Bridge Security means the Security Interests created, conferred or evidenced by the Bridge Finance Documents.
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Bridge Security means any Collateral Obligation that is a debt obligation incurred in connection with an actual or proposed merger, acquisition, consolidation, sale of all or substantially all of the assets of a person, which debt obligation by its terms is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (other than any additional borrowing or refinancing if one or more financial institutions have provided the issuer of such debt obligation with a binding written commitment to provide the same at the time of the acquisition of such
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Bridge Security means any Collateral Debt Obligation that is a debt obligation incurred in connection with an actual or proposed merger, acquisition, consolidation, sale of all or substantially all of the assets of a person or entity, restructuring (other than a bankruptcy or similar restructuring) or similar transaction, which debt obligation by itsterms is required to be repaid within one year of the incurrence thereof with proceeds from additional borrowings or other refinancings (other than any additional borrowing or refinancing if one or more financial institutions will have provided the issuer of such debt obligation with a binding written commitment to provide the same) and has been rated by S&P, or has been issued a credit estimate by S&P or Rating Agency Confirmation has been received from S&P.
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Bridge Security means an instrument providing a future right to Interests purchased by investors for the purpose of funding the Partnership.
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Related to Bridge Security

  • Exchange Securities shall have the meaning assigned thereto in Section 2(a) hereof.

  • Reference Security means the security specified as such in the relevant Final Terms. If a Reference Security is no longer outstanding, a Similar Security will be chosen by the Quotation Agent at 11:00 a.m. (CET) on the third Business Day preceding the Make-whole Redemption Date, quoted in writing by the Quotation Agent to the Issuer and published in accordance with Condition 12 (Notices).

  • Exchange Service means Telephone Exchange Service as defined in the Act.

  • Restricted Note has the same meaning as “Restricted Security” set forth in Rule 144(a)(3) promulgated under the Securities Act; provided that the Trustee shall be entitled to request and conclusively rely upon an Opinion of Counsel with respect to whether any Note is a Restricted Note.

  • Exchange Notes means the Notes issued in the Exchange Offer pursuant to Section 2.06(f) hereof.

  • Subordinated Notes means the Initial Notes and the Exchange Notes and, more particularly, any Subordinated Note authenticated and delivered under this Indenture, including those Subordinated Notes issued or authenticated upon transfer, replacement or exchange.

  • Initial Note means each initial Governmental Lender Note registered by the Comptroller and subsequently canceled and replaced by a definitive Governmental Lender Note pursuant to this Funding Loan Agreement.

  • Note Security Documents means any agreement, document or instrument pursuant to which a Lien is granted securing any Note Obligations or under which rights or remedies with respect to such Liens are governed.

  • Private Securities Transaction means any securities transaction relating to new offerings of securities which are not registered with the Securities and Exchange Commission, provided however that transactions subject to the notification requirements of Rule 3050 of the Financial Industry Regulatory Authority’s (FINRA) Conduct Rules, transactions among immediate family members (as defined in the interpretation of the FINRA Board of Governors on free-riding and withholding) for which no associated person receives any selling compensation, and personal securities transactions in investment company and variable annuity securities shall be excluded.

  • Restricted Notes means any Note for which no Debt-For-Tax Opinion has been rendered on or after the later of (i) the Closing Date and (ii) the most recent date on which such Note was beneficially owned by the Issuer or the single beneficial owner of the Issuer for United States federal income tax purposes.

  • Subordinated Note means the Subordinated Note (or collectively, the “Subordinated Notes”) in the form attached as Exhibit A hereto, as amended, restated, supplemented or modified from time to time, and each Subordinated Note delivered in substitution or exchange for such Subordinated Note.

  • Existing Senior Secured Notes means the Borrower’s $800,000,000 8.500% Senior Secured Notes due 2019, issued pursuant to the Existing Senior Secured Notes Indenture.

  • Adequate security means protective measures that are commensurate with the consequences and probability of loss, misuse, or unauthorized access to, or modification of information.

  • Floating Rate Security means a Debt Security that provides for the payment of interest at a variable rate determined periodically by reference to an interest rate index specified pursuant to Section 2.03.

  • Senior Security or “Senior Securities” means any Security or Securities designated pursuant to Section 301 as a Senior Security.

  • Senior Secured Notes means the $1,875 million aggregate principal amount of 7.375% Senior Secured Notes due 2023 of the Borrower including, as the same may be amended, supplemented, waived or otherwise modified from time to time, including any senior secured exchange notes issued in lieu thereof.

  • Subordinated Security or “Subordinated Securities” means any Security or Securities designated pursuant to Section 301 as a Subordinated Security.