Collateral Release Provisions definition

Collateral Release Provisions has the meaning provided in the Fifth Amendment.
Collateral Release Provisions has the meaning provided in the Third Amendment.
Collateral Release Provisions has the meaning provided in the Sixth Amendment.Conditions” means the following conditions relating to the release of the Collateral: (i) the Transition Period Termination Date shall have occurred and (ii) the Administrative Agent shall have received a certificate of a Responsible Officer of the Parent Guarantor confirming (i) that no Default or Event of Default then exists and (ii) that the Parent Guarantor is in compliance with the financial covenants set forth in Section 5.04 and has complied with such financial covenants for two consecutive quarters following the Transition Period Termination Date, together with a schedule reasonably satisfactory to the Administrative Agent of supporting calculations.

Examples of Collateral Release Provisions in a sentence

  • Crossed Collateral Release Provisions (Description or N/A) Cross Collateralization Agreement The price to release a property if partial release is permitted per the Cross Collateralization Agreement, otherwise, N/A.

  • Crossed Collateral Release Provisions (Description or N/A) Cross Collateralization Agreement N/A, if Crossed Collateral Release (Y or N or N/A) was N/A; or The price to release a property, as stated in the Cross Collateralization Agreement.

  • Collateral Release Provisions: The Collateral shall be released automatically if (a) the senior long-term unsecured debt of the Borrower is rated (or has an implied rating of) at least investment grade by at least two of Moody's, S&P and Duff & Phelps or (b) as of the last day of any two consecutive fiscal quarters, (i) the Fixed Charge Coverage Ratio (as defined below) is greater than or equal to 2.00 to 1.00 and (ii) the Leverage Ratio (as defined below) is equal to or less than 0.375 to 1.00.


More Definitions of Collateral Release Provisions

Collateral Release Provisions has the meaning provided in the Third Amendment.Conditions” means the following conditions relating to the release of the Collateral: (i) the Transition Period Termination Date shall have occurred and (ii) the Administrative Agent shall have received a certificate of a Responsible Officer of the Parent Guarantor confirming (i) that no Default or Event of Default then exists and (ii) that the Parent Guarantor is in compliance with the financial covenants set forth in Section 5.04 and has complied with such financial covenants for two consecutive quarters following the Transition Period Termination Date, together with a schedule reasonably satisfactory to the Administrative Agent of supporting calculations.

Related to Collateral Release Provisions

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

  • 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.

  • Basic Lease Provisions means and refer to the following collective terms, the application of which shall be governed by the provisions in the remaining Articles of this Lease.

  • General Release has the meaning stated in Section 6.03.

  • Restriction Release Date means such date, after the Effective Date, that the Board of Directors determines in good faith that it is in the best interests of the Corporation and its stockholders for the transfer restrictions set forth in this Article 4 to terminate.

  • Mutual Release means the mutual release in the form attached hereto as Exhibit A.

  • Restrictive Covenant Agreement means any agreement, and any attachments or schedules thereto, entered into by and between the Participant and the Partnership or its Affiliates, pursuant to which the Participant has agreed, among other things, to certain restrictions relating to non-competition (if applicable), non-solicitation and/or confidentiality, in order to protect the business of the Partnership and its Affiliates.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • Release Agreement means an agreement, substantially in a form approved by the Company, pursuant to which Executive releases all current or future claims, known or unknown, arising on or before the date of the release against the Company, its subsidiaries and its officers.

  • Release of Claims means the Release of Claims in substantially the same form attached hereto as Exhibit A (as the same may be revised from time to time by the Company upon the advice of counsel).

  • Lien Waiver Agreement means an agreement which is executed in favor of Agent by a Person who owns or occupies premises at which any Collateral may be located from time to time and by which such Person shall waive any Lien that such Person may ever have with respect to any of the Collateral and shall authorize Agent from time to time to enter upon the premises to inspect or remove the Collateral from such premises or to use such premises to store or dispose of such Inventory.

  • Master Lease Agreement has the meaning set forth in Section 7.2(c)(xiv).

  • Restrictive Covenant Agreements has the meaning set forth in the Recitals.

  • Environmental Release means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, disposing or migration into the environment.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Waiver and Release means the Waiver and Release attached hereto as Exhibit A.

  • Escrow Release Conditions means, collectively, the conditions set forth in Section 4.3.

  • Environmental Releases means releases as defined in CERCLA or under any applicable state or local environmental law or regulation.

  • Collateral Assignment Agreement has the meaning set forth in Section 9.05.

  • Collateral Requirement means the requirement that:

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit L, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent.

  • Deed of Release has the meaning set out in the Restructuring Implementation Deed;

  • Guaranty and Collateral Agreement means the Guaranty and Collateral Agreement dated as of the date hereof executed and delivered by the Loan Parties, together with any joinders thereto and any other guaranty and collateral agreement executed by a Loan Party, in each case in form and substance satisfactory to the Administrative Agent.

  • Restrictive Covenant has the meaning set forth in Section 6(c).