Examples of Collateral Notice in a sentence
A Contingent Collateral Notice may only be delivered if the balance of the Demand Loan (determined in accordance with Section 3.2 without regard to the related Contingent Collateral Amount) at such time exceeds the related Contingent Collateral Amount.
Terms defined in the Intercompany Loan Agreement, whether directly or by reference, shall have the same meaning in this Contingent Collateral Notice.
As soon as practicable, (x) the Collateral Agent shall deliver a copy of the Collateral Notice to the Administrative Agent and (y) the Administrative Agent shall deliver a copy of any such received Collateral Notice to the Banks and further notify the Banks of such determination described above of the Collateral Agent.
In respect of the obligation of the Issuer to pay interest on the Notes following the delivery of a Cross Collateral Notice: a.
With respect of the obligation of the Issuer to pay interest and repay principal on the Notes following the delivery of a Trigger Notice or a Cross Collateral Notice, the Class A Notes will rank pari passu without preference or priority amongst themselves and in priority to the Class B Notes; and the Class B Notes will rank pari passu without preference or priority amongst themselves but subordinated to the Class A Notes.