Collateral Law definition

Collateral Law means the Luxembourg law on financial collateral agreements of 5 August 2005, as amended from time to time.
Sample 1Sample 2Sample 3
Collateral Law means the Luxembourg law of 5 August 2005 relating to financial collateral arrangements, as amended. Effective Time means the moment the releases of the Pledge Agreements (as
Sample 1
Collateral Law means the Luxembourg law of 5 August 2005 relating to Event of Default has the meaning given to such term in the Interim Facilities
Sample 1

Examples of Collateral Law in a sentence

  • There should, however, pursuant to the Collateral Law, be no suspension of enforcement in relation to the pledge over the balances standing to the credit of the Transaction Accounts.

  • The Company hereby accepts the Pledge in accordance with article 5(3) of the Collateral Law.

  • All security rights granted in the form of a pledge over monetary claims qualify as financial collateral arrangements under the Luxembourg law on financial collateral arrangements dated August 5, 2005, as amended (the "Luxembourg Collateral Law") and the Luxembourg Collateral Law governs the creation, validity, perfection and enforcement of the Issuer Account Pledge Agreement.

  • In order to secure payment of the Secured Claim, the Pledgor hereby establishes in favour of the Pledgee the financial pledge over the Shares up to the maximum secured amount of 455,000,000 EUR in accordance with the relevant provisions of the Specific Financial Collateral Law (“Financial Pledge”).

  • After the occurrence of an Enforcement Event, such rights and powers may, at the discretion of the Pledgee, be exercised by the Pledgee in such manner as it sees fit in accordance with the terms of this Agreement, the Collateral Law and, to the extent applicable, the Intercreditor Agreement.

  • Generally, according to paragraph 2(4) of the Luxembourg Collateral Law, a security (financial collateral) may be provided in favour of a person acting on behalf of the collateral taker, a fiduciary or a trustee in order to secure the claims of third party beneficiaries, whether present or future, provided that these third party beneficiaries are determined or may be determined.

  • Under the Luxembourg Collateral Law, the perfection of security interests depends on certain registration, notification and acceptance requirements.

  • The Security Assignment constitutes an assignment for collateral purposes (transfert de propriété à titre de garantie), as provided for in Luxembourg law and/or the Collateral Law, over such Collateral.

  • Upon the occurrence of an Enforcement Event, all rights and powers (including, without limitation, the right to collect and receive payments and other moneys due or payable) attaching to the Pledged Assets shall be vested in the Pledgee, in accordance with the Collateral Law.

  • According to the Luxembourg Collateral Law, foreign law security interests over claims or financial instruments granted by a Luxembourg obligor will be valid and enforceable as a matter of Luxembourg law notwithstanding any Luxembourg Insolvency Proceedings (as defined below), if such foreign law security interests are similar in nature to Luxembourg security interests falling within the scope of the Luxembourg Collateral Law, where the collateral giver is located in Luxembourg.


More Definitions of Collateral Law

Collateral Law means the Luxembourg law of 5 August 2005 relating to financial collateral arrangements, as amended. Enforcement Event means a notice of enforcement of security that has been given by Group has the meaning given to such term in the Intercreditor Agreement.
Sample 1
Collateral Law means the Luxembourg law of 5 August 2005 relating to financial Effective Time means the moment the releases of the Pledge Agreements (as
Sample 1

Related to Collateral Law

  • Collateral Requirement means the requirement that:

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • 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 Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.

  • Additional Collateral Documents as defined in the Base Intercreditor Agreement.

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

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Initial Collateral Amount means $757,097,792, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Collateral Loan means a Senior Secured Loan, a Senior Secured Bond, a First Lien/Last Out Loan or a Second Lien Loan or a Participation Interest in any Senior Secured Loan, First Lien/Last Out Loan or Second Lien Loan that as of the date of acquisition by the Borrower meets each of the following criteria:

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • 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.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Letter of Credit Collateral has the meaning provided in Section 6.4.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Debt Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.