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Collateral Manager Termination Event definition

Collateral Manager Termination Event. The occurrence of any one of the following:
Collateral Manager Termination Event means the occurrence of any of the events, acts or circumstances set forth in Section 6.03.
Collateral Manager Termination Event wherever used herein, means any one of the following events (whatever the reason for such Collateral Manager Termination Event and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation of any administrative or governmental body):

Examples of Collateral Manager Termination Event in a sentence

  • International Accounting Standard (IAS) 8 requires disclosure of information on the expected impact of applying new accounting standards that have been issued but are not yet in effect.

  • Upon the occurrence of a Collateral Manager Termination Event actually known to a Responsible Officer of the Collateral Agent, subject to the immediately preceding sentence, the Collateral Agent shall promptly notify the Administrative Agent (which will notify the Lenders promptly) of such Collateral Manager Termination Event in writing.

  • Upon a Responsible Officer of the Borrower or Collateral Manager obtaining knowledge of the occurrence of Collateral Manager Termination Event, each of the Borrower and the Collateral Manager shall notify each other and the Agents, specifying the specific Collateral Manager Termination Event(s) that occurred as well as all other Collateral Manager Termination Events that are then known to be continuing.

  • The Administrative Agent may, in its discretion after the occurrence and during the continuation of a Collateral Manager Termination Event or an Event of Default, send notification forms giving the Obligors and/or applicable agents notice of the Collateral Agent’s interest in the Collateral and the obligation to make payments as directed by the Collateral Agent.

  • No such resignation shall become effective until a successor Custodian shall have assumed the responsibilities and obligations of the Custodian hereunder provided that, any successor Custodian shall (y) satisfy all requirements of Section 5.5(d) and (z) be acceptable to the Administrative Agent, the Collateral Manager (if no Collateral Manager Termination Event has occurred) and the Borrower (if no Default or Event of Default has occurred and is continuing) in their respective sole discretion.


More Definitions of Collateral Manager Termination Event

Collateral Manager Termination Event. As defined in Section 7.10.
Collateral Manager Termination Event means (a) the resignation, removal or termination of the Collateral Manager under the Collateral Management Agreement at any time for any reason; or (b) any event shall occur that shall permit the Collateral Manager to be replaced pursuant to the Collateral Management Agreement; or (c) or Collateral Management Agreement expires, is terminated or otherwise for any reason ceases to be in full force and effect.
Collateral Manager Termination Event has the meaning assigned to that term in Section 6.12. “Collateral Manager Termination Notice” has the meaning assigned to that term in Section 6.12. “Collateral Portfolio” means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) in all accounts, money, chattel paper, equipment, fixtures, documents, general intangibles, instruments, goods, commercial tort claims, deposit accounts, investment property (including certificated securities, uncertificated securities, financial assets and securities entitlements), letter-of-credit rights, supporting obligations (as such terms are defined in the UCC), contract rights, software and other property of the Borrower, including all rights, title and interest in and consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):
Collateral Manager Termination Event hereunder:
Collateral Manager Termination Event means the occurrence of one of the following events:
Collateral Manager Termination Event is continuing under the Existing A&R Loan and Security Agreement.
Collateral Manager Termination Event means the occurrence of any of the events, acts or circumstances set forth in Section 6.03. “Collateral Manager’s Certificate” has the meaning assigned to such term in Section 5.03(j)(i).