Debenture Collateral definition

Debenture Collateral means all the assets and undertakings of TransDigm UK which from time to time are subject of the security interest created or expressed to be created in favour of the UK Collateral Agent by or pursuant to the Debenture.
Sample 1Sample 2Sample 3
Debenture Collateral means any collateral subject to a Lien in favor of the Debentures Representative for the benefit of the Debenture Holders, excluding any Shared Collateral.
Sample 1Sample 2Sample 3
Debenture Collateral means all the assets and undertakings of TransDigm UK Holdings plc which from time to time are subject of the security interest created or expressed to be created in favour of the UK Collateral Agent by or pursuant to the Debenture. “Definitive Note” has the meaning set forth in the Appendix hereto. “Default” means an event or condition the occurrence of which is, or with the lapse of time or the giving of notice or both would be, an Event of Default. “Description of Notes” means the “Description of the Notes” section of the Final Offering Memorandum. “Designated Non-cash Consideration” means any non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate executed by the principal executive officer and the principal financial officer of the Company or such Restricted Subsidiary at the time of such Asset Sale. Any particular item of Designated Non-cash Consideration will cease to be considered to be outstanding once it has been sold for cash or Cash Equivalents. “Designated Preferred Stock” means Preferred Stock that is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate executed by the principal executive officer and the principal financial officer of the Company, on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in clause (ii)(w) of the first paragraph of Section 4.07 hereof. “Disqualified Capital Stock” means, with respect to any Person, any Capital Stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder) or upon the happening of any event, (i) matures or is mandatorily redeemable, (other than redeemable only for Capital Stock of such Person which is not itself Disqualified Capital Stock) pursuant to a sinking fund obligation or otherwise, (ii) is convertible or exchangeable at the option of the holder for Indebtedness or Disqualified Capital Stock, or (iii) is mandatorily redeemable or must be purchased upon the occurrence of certain events or otherwise, in whole or in part; in each case on or prior to the final maturity date of the Notes; provided, however, that any Capital Stock that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof the right to require such Person to purchase or redeem ...
Sample 1

Examples of Debenture Collateral in a sentence

  • According to the Security Documents and the Debenture Collateral Documents, upon fully repayment of the debt of the Original Secured Creditors, some security would cease to be operative.

  • Terms used in the foregoing definition of ARL Debenture Collateral, that are not otherwise defined therein, shall have the meanings provided in the Uniform Commercial Code as in effect in the State of Delaware.

  • The purchaser, assignee, transferee or pledgee of the any Debenture, Collateral, or other Investment Document sold, assigned, transferred, pledged or repledged shall forthwith become vested with, and entitled to exercise, all powers and rights given by this Agreement to Holders, as if said purchaser, assignee, transferee or pledgee were originally named in this Agreement in place of the Holders.

  • The relative priorities of the Liens of the holders and the Representatives in the Note Collateral and the Debenture Collateral, respectively, that does not constitute Shared Collateral, shall not be affected by this Agreement.

  • To the best of Pledgors' knowledge, each item of Med Subsidiaries Debenture Collateral is genuine, validly issued and outstanding and is fully paid and nonassessable and was issued in accordance with all applicable laws and regulations.

  • To the maximum extent permitted by applicable law but subject to SECTION 3.2, Pledgors waive all claims, damages and demands against Holder arising out of the repossession, retention or sale of the Med Subsidiaries Debenture Collateral.

  • Such security interest in the Med Debenture Collateral shall be evidenced by a security agreement, substantially in the form of EXHIBIT F attached hereto (the "Med Security Agreement"), executed and delivered by Med for the benefit of PIBL.

  • Concurrently with the execution and delivery of this Pledge, Pledgors shall deliver to Citibank, F.S.B. in its capacity as collateral agent under that certain Collateral Agency Agreement, dated as of the date hereof, all of the Interests or other certificates representing the Interests and any Med Subsidiaries Debenture Collateral arising out of or relating to the Interests, together with stock powers or other applicable instruments of transfer duly executed by Pledgors in blank.

  • The relative priorities of the Liens of the holders and the Representatives in the Note Collateral, the Debenture Collateral and the Series L Bond Collateral, respectively, that does not constitute Shared Collateral, shall not be affected by this Agreement.

  • Such security interest in the ARL Debenture Collateral shall be evidenced by a security agreement, substantially in the form of EXHIBIT D attached hereto (the "ARL Security Agreement"), executed and delivered by ARL for the benefit of PIBL.


More Definitions of Debenture Collateral

Debenture Collateral means all property pledged or granted as collateral pursuant to the Debenture, including the Oil Sands Leases.
Sample 1
Debenture Collateral shall have the meaning set forth in Section 3. "Debenture Purchase and Subordination Agreement" means that certain Debenture Purchase and Subordination Agreement entered into by TEGCO, PIBL and Med, as of the Closing Date, pursuant to which TEGCO is purchasing the Transferred Debenture from PIBL upon the terms and conditions set forth therein.
Sample 1
Debenture Collateral means the security interest under the following agreements: (i) security agreement dated as of January 29, 2019, between the Company and Emmarentia Management Corp., (ii) security agreement dated as of January 29, 2019, between the Company and Plazacorp Investments Limited, (iii) security agreement dated as of January 29, 2019, between the Company and 770 MBMJ LLC, and (iv) security agreement dated as of January 29, 2019, between the Company and KW Capital Partners Ltd.;
Sample 1

Related to Debenture Collateral

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Secured Promissory Note Record is a record maintained by each Lender with respect to the outstanding Obligations owed by Borrower to Lender and credits made thereto.

  • Secured Promissory Note is defined in Section 2.4.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Hedge Collateral Defined in Section 5.3(b).

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Note Obligations means the Notes, the Guarantees and all other obligations of any obligor under this Indenture, the Notes, the Guarantees and the Security Documents.

  • Purchase Agreement Collateral has the meaning specified in Section 6.9 of this Agreement.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following: