Collateral Proceeds definition

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 Proceeds shall have the meaning provided in Section 7.4(a) hereof.

Collateral Proceeds means any Net Cash Proceeds received from an Asset Sale involving Collateral.

Examples of Collateral Proceeds in a sentence

• Notwithstanding anything herein to the contrary, the Borrower may at any time elect to prepay the Loans with funds contained in the Eligible Receivables Account or the Collateral Proceeds Account.

• Notwithstanding anything herein to the contrary, the Borrower may at any time elect to prepay the loans with funds contained in the Collateral Proceeds Account.

• Notwithstanding anything herein to the contrary, the Borrower may at any time elect to prepay the Loans with funds contained in the Collateral Proceeds Account.

• Additionally, upon the commencement of a Suspension Period, the amount of Excess Collateral Proceeds and excess proceeds will be reset to zero.

• Neither the Borrower nor the Servicer shall deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account, cash or cash proceeds other than Collateral Proceeds.

More Definitions of Collateral Proceeds

Collateral Proceeds has the meaning assigned to such term in the Collateral and Intercreditor Agreement.

Collateral Proceeds means all amounts received by the Borrower, the Servicer, the Administrative Agent, the Lenders, the Collateral Agent or any other Person, in respect of the Collateral, whether in respect of principal, interest, fees or other amounts, including, without limitation, (i) all amounts received pursuant to Take-Out Commitments, and (ii) with respect to any Mortgage Loan, all funds that are received from or on behalf of the related Obligors in payment of any amounts owed (including, without limitation, purchase prices, finance charges, escrow payments, interest and all other charges) in respect of such Mortgage Loan, or applied to such amounts owed by such Obligors (including, without limitation, insurance payments that Borrower or Servicer applies in the ordinary course of its business to amounts owed in respect of such Mortgage Loan and net proceeds of sale or other disposition of Property of the Obligor or any other party directly or indirectly liable for payment of such Mortgage Loan and available to be applied thereon).

Collateral Proceeds has the meaning specified in Section 1009 hereof.

Collateral Proceeds means, subject to and as permitted by the terms of this Indenture and the terms of any release or subordination contemplated in Section 1405 hereof, (a) any Net Cash Proceeds received or receivable by Holdings or GBHC or any other Grantor as a result of an Asset Sale or Event of Loss that involves all or a portion of the Collateral and (b) all interest or other earnings on amounts in deposit in the Collateral Account.

Collateral Proceeds is defined in Section 2.1(f).

Collateral Proceeds has the meaning provided in Section 4.16 (a)(ii).

Collateral Proceeds means all dividends, distributions or other payments or disbursements made or required to be made on account of or under, and all net proceeds of sale, lease, refinancing or other disposition of, the Specified Equity Interests or the Collateral Entity Properties.