Collateral Reinstatement Date definition

Collateral Reinstatement Date has the meaning specified in Section 7.10(d).
Sample 1Sample 2Sample 3
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.
Sample 1
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).
Sample 1

Examples of Collateral Reinstatement Date in a sentence

  • 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.

  • To the extent a Collateral Reinstatement has occurred, set forth on Schedule 6.20(a) is a list of all real property with an estimated value greater than $1,000,000 located in the United States that is owned or leased by the Loan Parties as of the Collateral Reinstatement Date.

  • 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”).

  • 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.

  • 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 prior to the Collateral Reinstatement Date, if such event occurs) shall survive the execution and delivery hereof and thereof.

  • 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”).


More Definitions of Collateral Reinstatement Date

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.
Sample 1
Collateral Reinstatement Date means the date that a Collateral Reinstatement occurs. “Collateral Release” has the meaning specified in Section 7.14(b).
Sample 1

Related to Collateral Reinstatement Date

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • 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.

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

  • 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.

  • Collateral Interest Rate means the rate published in The Wall Street Journal as the “Prime Rate” from time to time (or, if more than one such rate is published, the arithmetic mean of such rates), or, if such rate is no longer published, a successor rate agreed to by Buyer and Seller, in each case determined as of the date the obligation to pay interest arises, but in no event more than the maximum rate permitted by applicable Law in transactions involving entities having the same characteristics as the Parties.

  • 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 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.

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

  • 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: