Earnings Collateral definition

Earnings Collateral means, collectively, all of the collateral granted, sold, conveyed, assigned, transferred, mortgaged and pledged pursuant to, and in accordance with, Section 1 of each Secondary Assignment of Earnings (other than any such collateral deposited into any Pari Passu Collateral Account).

Earnings Collateral means, collectively, all “Collateral” as defined in each Assignment of Earnings.

Earnings Collateral means, collectively, all of the collateral granted, sold, conveyed, assigned, transferred, mortgaged and pledged pursuant to, and in accordance with, Section 1 of each Assignment of Earnings.

Examples of Earnings Collateral in a sentence

• For the avoidance of doubt, nothing herein shall require the Assignee to file any such financing statements or any continuation statements, or be responsible for maintaining the security interests purported to be created by this Assignment (except for the custody of any Earnings Collateral in its possession and the accounting for moneys actually received by it under this Assignment in accordance with the Indenture) and such responsibility shall be solely that of the Assignor.

• All Earnings Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to each of the Assignments of Earnings shall be held in the Concentration Accounts in accordance with the provisions thereof.

• All Earnings Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to each of the Secondary Assignments of Earnings shall be held in the Concentration Accounts in accordance with the provisions thereof.

• No Obligor will enter into any agreement or arrangement for the sharing of any Earnings Collateral and Insurance Collateral (other than with respect to pooling arrangements in the ordinary course of business).

• All Earnings Collateral and Insurance Collateral delivered to, or held by or on behalf of, the Pledgee pursuant to the Global Assignment Agreement shall be held in the Concentration Accounts in accordance with the provisions thereof.

More Definitions of Earnings Collateral

Earnings Collateral shall have the meaning specified in Section 2.02(a).

Earnings Collateral shall have the meaning set forth in the General Assignment Agreement.

Earnings Collateral shall have the meaning set forth in the Global Assignment Agreement.

Earnings Collateral means (a) all freights, hire and other moneys earned and to be earned, due or to become due, or paid or payable to, or for the account of, any Loan Party, of whatsoever nature, arising out of or as a result of the use, operation, pooling or chartering by such Loan Party or its agents of any Rig, including, without limitation, all rights arising out of the owner’s lien on cargoes and subfreights thereunder, (b) all moneys and claims for moneys due and to become due to any Loan Party, and all claims for damages, arising out of the breach of any and all present and future drilling contracts, charter parties, pooling arrangements, bills of lading, contracts and other engagements of affreightment or for the carriage or transportation of cargo, and operations of every kind whatsoever of any Rig and in and to any and all claims and causes of action for money, loss or damages that may accrue or belong to any Loan Party, its successors or assigns, arising out of or in any way connected with the present or future use, operation, pooling or chartering of any Rig or arising out of or in any way connected with any and all present and future requisitions, drilling contracts, charter parties, pooling arrangements, bills of lading, contracts and other engagements of affreightment or for the carriage or transportation of cargo, and other operations of any Rig, (c) all moneys and claims due and to become due to any Loan Party, and all claims for damages and all insurances and other proceeds, in respect of the actual or constructive total loss of or requisition of use of or title to any Rig, and (d) any proceeds of any of the foregoing.

Earnings Collateral means “Earnings and Insurance Collateral” as defined in the Credit Agreement.

Earnings Collateral. (used herein as defined in the Assignment of Earnings governed by the laws ​ of the State of New York, and including any similar term as defined in any Assignment of Earnings governed by the laws of a different jurisdiction), and filed or caused to be filed appropriate Financing Statements (Form UCC-1) for filing under the Uniform Commercial Code of each relevant jurisdiction, or take such other actions required under the applicable Assignment of Earnings, as may be necessary or desirable to perfect the security interests purported to be created by such Assignment of Earnings, in each case, except to the extent otherwise provided in clause (5) of this definition in relation to any Security Documents governed by the laws of the Federative Republic of Brazil;

Earnings Collateral shall have the meaning ascribed thereto in the Assignment of Earnings.