Collateral Shares definition

Collateral Shares means any Shares held in the Collateral Accounts.

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Collateral Shares means any Shares held in or credited to any Collateral Account.

Collateral Shares means, at any time, the units of the Underlying Equity pledged to the Lender Parties and credited to the Collateral Account at such time to secure the Obligations.

Examples of Collateral Shares in a sentence

• Borrower shall not, and shall not permit any of its Affiliates to, (x) take any action that would impair any Applicable Lender’s security interest in the Collateral Shares or its ability to exercise remedies against such Collateral Shares or (y) transfer any Share to the Collateral Accounts after the Closing Date, except as explicitly required or permitted by the Margin Loan Documentation.

• Each of Borrower and its Affiliates is in compliance with its reporting obligations under Sections 13 and 16 of the Exchange Act with respect to the Collateral Shares, including in respect of the transactions contemplated hereunder.

• Neither Borrower nor any of its Affiliates has created, granted, incurred, or permitted to exist, any Lien on any Shares owned by Borrower or such Affiliates, other than, with respect to the Collateral Shares, Permitted Liens.

• The Lien created under the Margin Loan Documentation (including without limitation, the pledge of the Collateral Shares) is a “bona fide pledge” with recourse (all within the meaning of Rule 144(d)(3)(iv)) to secure Borrower’s obligations under the Margin Loan Documentation, which obligations provide for full recourse to Guarantor under the Guarantee Agreement in accordance with the terms of the Guarantee Agreement.

More Definitions of Collateral Shares

Collateral Shares the Shares held in the Accounts;

Collateral Shares means those Shares issued to the Investor or its nominee in accordance with clause 3.1;

Collateral Shares means any Shares fiducially assigned pursuant to the Shares Security Agreement (the “Fiduciarily Assigned Shares”, under and as defined in the Shares Security Agreement), and not released under the Collar Loan Documentation.

Collateral Shares means, from the Closing Date until the Outstanding Purchase Price has been paid in full, 1,044,386,423 AA Shares as released from time to time for prepayments of the Outstanding Purchase Price on a $0.958 per AA Share basis.

Collateral Shares means, at any time, the units of Underlying Equity pledged to the Lender Parties and credited to the Collateral Account at such time to secure the Obligations.

Collateral Shares means, collectively, the Collateral Preferred Shares and the Collateral Common Shares.

Collateral Shares means the 17,000,000 (seventeen million) Shares issued to or made available by Company to the Option Holder in accordance with clause 14 of this deed.”