Earnings and Insurance Collateral definition

Earnings and Insurance Collateral means all “Earnings” and “Insurances”, as the case may be, as defined in the Assignment of Earnings and Insurances.
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Earnings and Insurance Collateral means all “Earnings Collateral” and “Insurance Collateral”, as the case may be, as defined in the General Assignment Agreement
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Earnings and Insurance Collateral means (i) all “Earnings Collateral” (as defined in the Assignments of Earnings) and (ii) all assets of the Subordinated Guarantors that are subject to the lien of the Assignments of Insurances, as the case may be.
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Examples of Earnings and Insurance Collateral in a sentence

  • Each Credit Party shall cause the earnings derived from each of the respective Collateral Vessels, to the extent constituting Earnings and Insurance Collateral or Secondary Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into one or more of the Concentration Accounts maintained for such Credit Party from time to time.

  • Without limiting any Credit Party’s obligations in respect of this Section 8.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral or Secondary Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration Accounts, it shall promptly deposit all such proceeds into one of the Concentration Accounts maintained for such Credit Party from time to time.

  • Without limiting any Credit Party’s obligations in respect of this Section 8.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration Accounts, it shall promptly deposit all such proceeds into one of the Concentration Accounts maintained for such Credit Party or the Borrower from time to time.

  • Each Credit Party will cause the earnings derived from each of the respective Mortgaged Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor into one or more of the accounts maintained for such Credit Party or the Borrower from time to time by or on behalf of the Administrative Agent and over which the Administrative Agent shall have a first priority security interest.

  • Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration Accounts, it shall promptly deposit all such proceeds into one of the Concentration Accounts maintained for such Credit Party from time to time.

  • Each Credit Party shall cause the earnings derived from each of the respective Mortgaged Vessels, to the extent constituting Earnings and Insurance Collateral, to be deposited by the respective account debtor in respect of such earnings into one or more of the Concentration Accounts maintained for such Credit Party or the Borrower from time to time.

  • Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Concentration Accounts, it shall promptly deposit all such proceeds into one of the Concentration Accounts maintained for such Credit Party or the Borrower from time to time.

  • Without limiting the Subordinated Guarantor’s obligations in respect of this Section 18(b)(vi), the Subordinated Guarantor agrees that, in the event that following the Discharge of First-Lien Credit Agreement Obligations (as defined in the Intercreditor Agreement), it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited other than in one of the Second-Lien Accounts, it shall promptly deposit all such proceeds into one of the Second-Lien Accounts.

  • Without limiting any Loan Party’s obligations in respect of this Section 5.14, each Loan Party agrees that in the event such Loan Party receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited into an account other than an Earnings Account, it shall immediately deposit all such proceeds into the Earnings Account.

  • Without limiting any Credit Party’s obligations in respect of this Section 7.12, each Credit Party agrees that, in the event it receives any earnings constituting Earnings and Insurance Collateral, or any such earnings are deposited into an account other than an Earnings Account, it shall promptly deposit all such proceeds into the Earnings Account.


More Definitions of Earnings and Insurance Collateral

Earnings and Insurance Collateral means all “Earnings Collateral” and “Insurance Collateral”, as the case may be, as defined in the Global Assignment Agreement.
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Earnings and Insurance Collateral means all “Earnings” and “Insurances”, as the case may be, as defined in Schedule 9.03A.
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Related to Earnings and Insurance Collateral

  • Security Amount means an amount equal to:

  • Insurance Cover means the aggregate of the maximum sums insured under the insurance taken out by the Contractor pursuant to Article 20, and includes all insurances required to be taken out by the Contractor under Clauses 20.1 and 20.9 but not actually taken, and when used in the context of any act or event, it shall mean the aggregate of the maximum sums insured and payable or deemed to be insured and payable in relation to such act or event;