Collateral Effective Date definition

Collateral Effective Date means, with respect to each Note Party, the first date on which the Liens and security interests in Collateral described in Section 9.15 are granted or purported to be granted by such Note Party to the Collateral Agent for the benefit of the holders of the Notes and the other creditors under the Transaction Facilities.

Collateral Effective Date means the first date (or, if a Collateral Release Date shall have occurred, the first date after such Collateral Release Date) of the public announcement upon which two of the three Ratings Agencies reduce the Debt Rating below BBB- or the equivalent, unless the Collateral Termination Date shall occur prior to such date (notwithstanding any reduction in the Debt Rating after the Collateral Termination Date).

Collateral Effective Date a date subsequent to the Closing Date on which the Index Debt is rated worse than BB+ by S&P or rated worse than Bal by Moody's.

Examples of Collateral Effective Date in a sentence

• From and after the Collateral Effective Date, the Notes (in the case of the Company) and all other obligations under this Agreement and the other Financing Agreements of each Note Party will be and at all times thereafter shall remain direct and secured obligations of such Note Party ranking at least pari passu in right of payment with all secured Indebtedness outstanding under the Transaction Facilities and other secured Credit Agreements.

• Upon the occurrence of the Collateral Effective Date and during the ensuing Collateral Period, the Pledge Agreements shall be in full force and effect and the Collateral Agent, on behalf of the Lenders, shall have a Lien on the Collateral described in the Pledge Agreements and there shall be added to Section 1 a new representation and warranty in the form set forth on Schedule V attached hereto.

• It is understood and agreed that, as of the date hereof, a Collateral Effective Date has occurred and a Collateral Period is in effect.

• Graduates of this program meet all of the requirements for clinical certification by the American Speech- Language-Hearing Association and will be eligible for licensure in the State of Iowa.

• AEP shall respond in writing to a Preliminary Challenge within twenty (20) business days of receipt, and its response shall notify the challenging party of the extent to which AEP agrees or disagrees with the challenge.

More Definitions of Collateral Effective Date

Collateral Effective Date means the date on which there shall --------------------------- occur an Event of Default pursuant to which the Administrative Agent or the Required Lenders have decided to exercise any rights or remedies hereunder or under the Existing Pledge Agreement in respect of the Pledged Collateral.

Collateral Effective Date shall have the meaning set forth in the Second Omnibus Amendment.

Collateral Effective Date means (a) a Real Estate Collateral Effective Date or (b) a Stock Collateral Effective Date.

Collateral Effective Date means any date that the Unsecured Senior Debt Rating is BB+ or worse from S&P and Ba1 or worse from Moody's.

Collateral Effective Date means the date of which Bank has received, reviewed and approved the real estate due diligence items referred to in Section D of the Commitment Letter.

Collateral Effective Date shall have the meaning set forth in the First Amendment.

Collateral Effective Date means any date that the senior unsecured long term debt securities of the Borrower without third party credit enhancement is rated Ba1 or worse by Xxxxx’x and BB+ or worse by S&P.