Collateral Grantor definition

Collateral Grantor means the Equity Pledgor, the Collateral Rig Owner, the Collateral Rig Operator and each other Subsidiary of Holdings that becomes a party to a Security Document in connection with a Fundamental Change of the Equity Pledgor, the Collateral Rig Owner or the Collateral Rig Operator, a Collateral Rig Substitution, a Drilling Contract Substitution or a Flag Jurisdiction Transfer.

Collateral Grantor means the Company and each Guarantor.

Collateral Grantor means each of the Borrower and the Guarantors.

Examples of Collateral Grantor in a sentence

• For purposes of insurance coverage on the Collateral, Grantor authorizes Bank to provide to any person (including any insurance agent or company) all information Bank deems appropriate, whether regarding the Collateral, the loan or other financial accommodations, or both.

• For purposes of insurance coverage on the Collateral, Grantor authorizes Lender to provide to any person (including any insurance agent or company) all information Lender deems appropriate, whether regarding the Collateral, the loan or other financial accommodations, or both.

• With respect to the Collateral, Grantor represents and promises to Lender that: Perfection of Security Interest.

• The Collateral Agent will promptly send the Company a copy of any financing or continuation statements which it may file without the signature of the relevant Collateral Grantor and the filing or recordation information with respect thereto.

• Each of the Collateral Agent and the Trustee, each in its capacity as such, shall not be liable or responsible for the failure of the Company or any Collateral Grantor to maintain insurance on the Collateral, nor shall it be responsible for any loss due to the insufficiency of such insurance or by reason of the failure of any insurer to pay the full amount of any loss against which it may have insured to the Company or any Collateral Grantor, the Trustee, the Collateral Agent or any other Person.

More Definitions of Collateral Grantor

Collateral Grantor means the Equity Pledgors, the Collateral Rig Owners, the Collateral Rig Operator and each other Subsidiary of Holdings that becomes a party to a Security Document in connection with a Fundamental Change of an Equity Pledgor, a Collateral Rig Owner or the Collateral Rig Operator, a Collateral Rig Substitution, a Drilling Contract Substitution or a Flag Jurisdiction Transfer.

Collateral Grantor means MBIA Inc. and each other affiliate of the Company that becomes a party to a Security Document from time to time.

Collateral Grantor shall have the meaning ascribed thereto in subsection 2.21.

Collateral Grantor means a person who uses the securities deposited in the system of TSD as collateral for the performance of debt owed to the collateral recipient.

Collateral Grantor means (a) the Borrower and (b) any Affiliate of the Borrower that is party to the Security Agreement.

Collateral Grantor means the Company and each Guarantor party hereto from time to time. “Collateral Vessels” has the meaning provided in Section 11.01(a).

Collateral Grantor means each Collateral Vessel Owner, each Restricted Subsidiary that directly owns the Equity Interests of a Collateral Vessel Owner and each Daughter Company Pledgor.