Examples of Collateral Trigger Date in a sentence
On or after any Collateral Release Date, and so long as no Default or Event of Default is then continuing and no subsequent Collateral Trigger Date has occurred, the Administrative Agent shall, subject to the satisfaction of the requirements of Section 8.15.(b), promptly release all of (i) the Liens granted to the Administrative Agent pursuant to the requirements of Section 8.14.
Theoretical revisit times estimated before Landsat 9 was launched (Li and Roy, 2017) for a three-satellite constellation at this basin’s latitude shows a mean of 3.8 days, with a minimum of less than one day and a maximum of 7.0 days.
The Company will provide to the Administrative Agent, from time to time upon request following the occurrence of the Collateral Trigger Date, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or intended to be created by the Loan Documents.
The parties shall negotiate such security agreement and intercreditor agreement in good faith and effect such security interest as promptly as practicable after the Collateral Trigger Date.
For the avoidance of doubt, the initial determination of the Borrowing Base (and, if applicable, the Basin BB Amounts) after a Collateral Trigger Date and/or the initial determination of the Development Borrowing Base after a Collateral Trigger Date shall not constitute an Interim Redetermination, but any request to redetermine the Borrowing Base, the Basin BB Amounts and/or the Development Borrowing Base (except pursuant to Section 2.10(b)(i) ) shall constitute an Interim Redetermination.