Collateral Maintenance Agreement definition
Examples of Collateral Maintenance Agreement in a sentence
Each Loan provides for a revolving line of credit under which a Borrower may from time to time borrow, repay and reborrow funds; provided, however, the aggregate amount of funds under any particular Loan that may be outstanding at any time shall in all events be subject to the limitations set forth on Schedule I and in the applicable Note and Collateral Maintenance Agreement (as defined herein).
Each Loan is to be secured by a pledge of certain securities pursuant to a Pledge Agreement (the "Pledge Agreement") and a Collateral Maintenance Agreement (the "Collateral Maintenance Agreement"), each Agreement dated November 22, 1994 between a Borrower and Bank.
Unless otherwise specifically provided, an Independent Appraiser's Certificate shall be sufficient evidence of the Appraised Value and Fair Market Value of any property under this Collateral Maintenance Agreement.
The Security Agent shall be obligated, and shall have the right, hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action solely in accordance with this Collateral Maintenance Agreement and the Indenture.
The Fair Market Value of any Investment Securities included in the Cash Collateral for purposes of this Collateral Maintenance Agreement shall be determined by the Security Agent in accordance with customary financial market practices.
Immediately after that, the resignation or removal of the retiring Security Agent shall become effective, and the successor Security Agent shall succeed to and become vested with all the rights, powers and duties of the Security Agent under this Collateral Maintenance Agreement.
THIS COLLATERAL MAINTENANCE AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW Collateral Maintenance Agreement YORK INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Subject to Sections 7.4, 7.5 and 7.7, unless any Event of Default has occurred and is continuing, the Controlling Party may authorize the Trustee to, and the Trustee, subject to Section 10.6, upon such authorization shall, waive compliance by the Company with any provision of this Indenture, the Notes or the other Operative Documents, PROVIDED that compliance by the Company with the provisions of the Collateral Maintenance Agreement may not be waived other than in accordance with the provisions thereof.
Xxxxxxx, as guarantor of the Obligation, will enter or has entered into a Collateral Maintenance Agreement with Bank, which if in default will constitute an Event of Default hereunder.
Mortgagee, on behalf of the Note Holders and the Indenture Indemnitees, is entitled to the benefits of Section 1110 (as currently in effect) with respect to the right to take possession of the Pledged Spare Parts and to enforce any of its other rights or remedies as provided in the Trust Indenture and the Collateral Maintenance Agreement in the event of a case under Chapter 11 of the Bankruptcy Code in which Owner is a debtor.