Collateral Enforcement Notice definition

Collateral Enforcement Notice means a notice in writing from the Security Trustee (acting in accordance with an Acceleration Instruction) to the Issuer, the Collateral Monitoring Agent and the relevant Agent in or substantially in the form annexed to the Pledge Agreement:
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Examples of Collateral Enforcement Notice in a sentence

  • One part shall contain technical bid comprising all documents listed under clause relating to Documents Comprising the bid excepting bid form and price schedule.

  • The Security Trustee or the Security Agent, as the case may be, will enforce the security under the relevant Pledge Agreement upon the delivery of a Collateral Enforcement Notice.

  • In addition, the Collateral Assets may suffer a fall in value between the time at which the Collateral Enforcement Notice is sent by a Securityholder and the time at which the Collateral Assets are realised in full or, where Physical Delivery of Collateral Assets is applicable, delivered.

  • A Warrantholder is only entitled to send a Collateral Enforcement Notice to the Security Trustee or the Security Agent, as the case may be, if neither SG Issuer nor the Guarantor (pursuant to the terms of the Guarantee) has paid all amounts due to such Warrantholder within a period of 3 Collateral Business Days following the occurrence of the relevant Secured Warrant Acceleration Event.

  • The Security Trustee and the Security Agent are only obliged to enforce a Pledge Agreement after having received a Collateral Enforcement Notice from a Warrantholder.

  • The Security Trustee and the Security Agent are only obliged to enforce a Pledge Agreement after having received a Collateral Enforcement Notice from a Warrantholder (or the Representative of the Masse acting pursuant to the request of a Warrantholder).

  • The Security Trustee (in the case of English Law Notes) and the Security Agent (in the case of French Law Notes) are only obliged to enforce a Pledge Agreement after having received a Collateral Enforcement Notice from a Noteholder (or the Representative of the Masse in the case of French Law Notes acting pursuant to the request of a Noteholder).

  • On page 87, Section 6.24 “Security Trustee, Security Agent and Disposal Agent” is deleted and replace by the following paragraph: The Security Trustee (in the case of English Law Notes) and the Security Agent (in the case of French Law Notes) will enforce the security under the relevant Pledge Agreement upon the delivery of a Collateral Enforcement Notice.

  • A Warrantholder (or the Representative of the Masse) is only entitled to send a Collateral Enforcement Notice to the Security Trustee or the Security Agent, as the case may be, if neither SG Issuer nor the Guarantor (pursuant to the terms of the Guarantee) has paid all amounts due to such Warrantholder within a period of 3 Collateral Business Days following the occurrence of the relevant Secured Warrant Acceleration Event.

  • A Warrantholder is only entitled to send a Collateral Enforcement Notice if neither SG Issuer nor the Guarantor has paid all amounts due to such Warrantholder within a period of 3 Collateral Business Days following the occurrence of the relevant Secured Warrant Acceleration Event.

Related to Collateral Enforcement Notice

  • Post-Enforcement Priority of Payments means the order of priority pursuant to which the Guarantor Available Funds shall be applied on each Guarantor Payment Date, following the delivery of a Guarantor Default Notice, in accordance with the Intercreditor Agreement.

  • Enforcement Notice means a written notice delivered by either the ABL Agent or the Term Agent to the other announcing that an Enforcement Period has commenced.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement dated as of the Effective Date among the Collateral Agent, the Administrative Agent and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified or replaced from time to time.

  • Support enforcement agency means a public official or agency authorized to seek:

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Law enforcement unit means an individual office, department, division, or other component of an education agency or institution that is officially authorized or designated by that agency or institution to (1) enforce laws or refer matters of law enforcement to appropriate authorities, or (2) maintain the physical security and safety of the agency or institution.

  • Trust Enforcement Event in respect of the Securities means an Indenture Event of Default has occurred and is continuing in respect of the Debentures.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • Credit Agreement Secured Parties means the “Secured Parties” as defined in the Credit Agreement.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • law enforcement means the prevention, detection or investigation of terrorist offences or other serious criminal offences;

  • Collateral Enhancement Obligation means any warrant or equity security, excluding Exchanged Equity Securities, but including without limitation, warrants relating to Mezzanine Obligations and any equity security received upon conversion or exchange of, or exercise of an option under, or otherwise in respect of a Collateral Debt Obligation; or any warrant or equity security purchased as part of a unit with a Collateral Debt Obligation (but in all cases, excluding, for the avoidance of doubt, the Collateral Debt Obligation), in each case, the acquisition of which will not result in the imposition of any present or future, actual or contingent liabilities or obligations on the Issuer other than those which may arise at its option; provided that no Collateral Enhancement Obligation may be a Dutch Ineligible Security.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Collateral Agent Fees shall have the meaning assigned to such term in Section 2.12(c).

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Collateral Agent Fee Letter means the fee letter between the Collateral Agent and the Borrower setting forth the fees and other amounts payable by the Borrower to the Collateral Agent, the Custodian and the Securities Intermediary under the Facility Documents, in connection with the transactions contemplated by this Agreement.

  • ABL Collateral Agent means the “Collateral Agent” as defined in the ABL Credit Agreement.

  • Collateral Agent as defined in the preamble hereto.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

  • Additional First Lien Secured Party means the holders of any Additional First-Lien Obligations and any Authorized Representative with respect thereto, and shall include the Initial Additional First-Lien Secured Parties.

  • Collateral Agent Fee means the fee payable to the Collateral Agent in arrears on each Quarterly Payment Date in an amount specified in the Collateral Agent Fee Letter.

  • Collateral Trustee has the meaning set forth in the preamble.

  • Law enforcement agency means an agency of the state, or of a county, municipality, or other political subdivision of the state, that employs peace officers who make traffic stops in the routine performance of the officers' official duties.

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.