Core Collateral Failure definition

Core Collateral Failure means, as of any date of determination, the failure of the Collateral to include at least one category of Core Collateral as of such date.
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Core Collateral Failure means, as of any date of determination, the failure of the Collateral to include the Core Collateral as of such date.
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Core Collateral Failure means, as of any date of determination following the date that is 30 days after the Closing Date, the Collateral not including the Core Collateral as of such date.
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Examples of Core Collateral Failure in a sentence

  • So long as any Loans or Letters of Credit are outstanding (other than such as have been Cash Collateralized or covered by a “back-to-back” letter of credit in accordance with the terms of the Loan Documents), the Borrower shall not permit any Core Collateral Failure to occur.


More Definitions of Core Collateral Failure

Core Collateral Failure means an Event of Default arising by reason of a breach by the Borrower of Section 5.09(a)(8).
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Related to Core Collateral Failure

  • Borrowing Base Deficiency means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

  • Listing Failure Event means that:

  • Downgrade Event means, unless otherwise specified on the Cover Sheet, for a Party means that Party’s Credit Rating falls below BBB- from S&P or Baa3 from Moody’s or becomes no longer rated by either S&P or Moody’s.