Collateral Reinstatement Date definition

Collateral Reinstatement Date has the meaning specified in Section 7.10(d).
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Collateral Reinstatement Date means the first date after any Collateral Release Date on which any of Xxxxx’x, Fitch or S&P shall downgrade the corporate rating or corporate family rating of the Company below Baa3 by Xxxxx’x or BBB- by Fitch, Inc. or S&P.
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Collateral Reinstatement Date means the first date after any Collateral Release Date on which any of Moody’s, Fitch or S&P shall downgrade the corporate rating or corporate family rating of the Company below Baa3 by Moody’s or BBB- by Fitch, Inc. or S&P.
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Examples of Collateral Reinstatement Date in a sentence

  • Except (i) during a Collateral Suspension Period and (ii) following a Ratings Downgrade and before the applicable Collateral Reinstatement Date, the Parent and the Borrower shall not permit the ratio of (x) the aggregate amount of outstanding Term Loans on such date to (y) Designated Eligible Property Asset Value to exceed 0.60 to 1.00 at any time (the “Maximum Loan to Designated Eligible Property Asset Value Ratio”).

  • To the extent a Collateral Reinstatement has occurred, except as set forth on Schedule 6.20(c), no Loan Party has during the five years preceding the Collateral Reinstatement Date (i) changed its legal name, (ii) changed its state of formation, or (iii) been party to a merger, consolidation or other similar change in structure.

  • As of the applicable Collateral Reinstatement Date (if such date has occurred), none of the IP Rights owned by any of the Loan Parties or any of its Subsidiaries is subject to any licensing agreement or similar arrangement except as set forth on Schedule 6.17.

  • Except (i) during a Collateral Suspension Period and (ii) following a Ratings Downgrade and before the applicable Collateral Reinstatement Date, the Parent and the Borrower shall not permit (x) Designated Eligible Property Adjusted NOI divided by (y) the aggregate amount of outstanding Term Loans on such date to be less than 11.50% at any time (the “Minimum Designated Eligible Property Debt Yield”).

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  • All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith (other than the Specified Representations following the Collateral Release, if such event occurs, and prior to the Collateral Reinstatement Date, if such event occurs) shall survive the execution and delivery hereof and thereof.


More Definitions of Collateral Reinstatement Date

Collateral Reinstatement Date means the date that a Collateral Reinstatement occurs. “Collateral Release” has the meaning specified in Section 7.14(b).
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Collateral Reinstatement Date shall have the meaning provided in Section 9.17(b). “Collateral Reversion Date” shall have the meaning provided in Section 9.17(b). “Collateral Suspension Event” has occurred at any time after the Eleventh Amendment Effective Date that (i) at least two Rating Agencies assign an Investment Grade Rating to the Borrower’s senior unsecured long-term debt securities, (ii) no Term Loans are then-outstanding or the Term Loan Lenders have agreed to release their security interests in the Collateral in accordance with the terms of this Agreement and (iii) no 2022 Non-Extended Revolving Credit Loans are then-outstanding, all 2022 Non-Extended Revolving Credit Commitments have been terminated and all Revolving Letters of Credit issued by Deutsche Bank (or an Affiliate thereof) have been Cash Collateralized or Backstopped pursuant to the terms of this Agreement (or the 2022 Non-Extended Revolving Credit Lenders have agreed to release their security interests in the Collateral in accordance with the terms of this Agreement).
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Collateral Reinstatement Date as defined in Section 7.9(f). “Collateral Suspension Date”: as defined in Section 7.9(f).
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Collateral Reinstatement Date has the meaning specified in Section 7.10(d). “Collateral and Guarantee Suspension Period” means any period (a) starting on the date on which (i) no Default has occurred and is continuing, (ii) the Borrower has an Investment Grade Rating from any two (2) of the Rating Agencies and (iii) a Responsible Officer of the Borrower has delivered a certificate to the Administrative Agent stating that the forgoing conditions are satisfied and requesting that a Collateral and Guarantee Suspension Period commence and (b) ending on the date the Borrower ceased to have an Investment Grade Rating from at least two (2) of the Rating Agencies. “Commitment” means, as to each Lender, the Term A-3 Loan Commitment, the Term A-4 Loan Commitment or Term A-5 Loan Commitment of such Lender and/or any other Commitment of an additional Class established following the Restatement Effective Date of such Lender. “Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.).
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Related to Collateral Reinstatement Date

  • Collateral Release Date has the meaning given that term in Section 8.10.(b).

  • Collateral Report means any certificate (including any Borrowing Base Certificate), report or other document delivered by any Grantor to the Administrative Agent or any Lender with respect to the Collateral pursuant to any Loan Document.

  • Collateral Release Period means, each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Loan Termination Date means the earliest to occur of the following: (a) November , 2009, (b) the date the Obligations are accelerated pursuant to this Agreement or the Revolving Note and (c) the date the Bank has received (i) notice in writing from the Borrower of the Borrower’s election to terminate this Agreement or the Revolving Note or (ii) indefeasible payment in full of the Obligations.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Collateral Rate means, for any Interest Period, the rate specified in the Loan Agreement.

  • Collateral Charge-Offs shall have the meaning specified in subsection 4.06(c).

  • Counterparty Downgrade Collateral Account means an interest-bearing account of the Issuer with the Custodian into which all Counterparty Downgrade Collateral is to be deposited.

  • Reference Cut-Off Date means the eighth Scheduled Trading Day immediately following the Scheduled Reference Date or, if earlier, the Scheduled Trading Day falling on or immediately preceding the second Business Day immediately preceding the due date on which payment of any amount or delivery of any assets may have to be made pursuant to any calculation or determination made on such Reference Date, provided that the Reference Cut-Off Date shall not fall prior to the original date on which such Reference Date was scheduled to fall.

  • Collateral Monthly Principal means the monthly principal distributable in respect of the Collateral Interest as calculated in accordance with subsection 4.07(c).

  • Collateral Reports means the reports with respect to the Collateral referred to in Annex F.

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Collection Date means the date on which the aggregate outstanding principal amount of the Advances have been repaid in full and all Interest and fees and all other Obligations (other than contingent indemnification and reimbursement obligations which are unknown, unmatured and/or for which no claim giving rise thereto has been asserted) have been paid in full, and the Borrower shall have no further right to request any additional Advances.

  • Collateral Event of Default has the meaning set forth in Section 13.01(b).

  • Collateral Records means books, records, ledger cards, files, correspondence, customer lists, blueprints, technical specifications, manuals, computer software, computer printouts, tapes, disks and related data processing software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon.

  • Addition Date means, with respect to the Additional Accounts designated hereby, , .

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Original Collateral Sale Date means 8 December 2020.

  • 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:

  • Additional Cut-Off Date means (a) with respect to Lump Addition Accounts or Participation Interests, the date specified as such in the notice delivered with respect thereto pursuant to Section 2.09(d) and (b) with respect to New Accounts, the date on which such New Accounts are originated.

  • Collateral Deficiency Amount With respect to any AB Modified Loan as of any date of determination, the excess of (i) the Stated Principal Balance of such AB Modified Loan (taking into account the related junior note(s) included therein), over (ii) the sum of (in the case of a Loan Combination, solely to the extent allocable to the subject Mortgage Loan) (x) the most recent Appraised Value for the related Mortgaged Property or Mortgaged Properties, plus (y) solely to the extent not reflected or taken into account in such Appraised Value and to the extent on deposit with, or otherwise under the control of, the lender as of the date of such determination, any capital or additional collateral contributed by the related Mortgagor at the time the Mortgage Loan became (and as part of the modification related to) such AB Modified Loan for the benefit of the related Mortgaged Property or Mortgaged Properties (provided, that in the case of an Outside Serviced Mortgage Loan, the amounts set forth in this clause (y) will be taken into account solely to the extent relevant information is received by the Special Servicer), plus (z) any other escrows or reserves (in addition to any amounts set forth in the immediately preceding clause (y)) held by the lender in respect of such AB Modified Loan as of the date of such determination. The Certificate Administrator, the Master Servicer and the Operating Advisor (other than with respect to any Collateral Deficiency Amount calculations that the Operating Advisor is required to review, recalculate and/or verify pursuant to Section 3.29) shall be entitled to conclusively rely on the Special Servicer’s calculation or determination of any Collateral Deficiency Amount.

  • CREFC® Collateral Summary File The data file in the “CREFC® Collateral Summary File” format substantially in the form of and containing the information called for therein, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.