Encumbered Assets definition

Encumbered Assets means any of an applicable Plan Debtor’s assets encumbered by the Liens securing the First Lien Revolver Claims, the First Lien Term Loan Claims or the Second Lien Term Loan Claims, as applicable.

Encumbered Assets means assets held for security or as collateral against a liability or contingent liability of the insurer or other person or any other use restriction, excluding encumbered assets for policyholder obligations of the insurer;

Encumbered Assets means the assets and properties of an Obligor over which an Encumbrance has been created and/or is required to be created as per the terms of Section 4, for the benefit of the Debenture Holders.

Examples of Encumbered Assets in a sentence

• On the date of their encumbrance to the Trustees, the Encumbered Assets will be free and clear of any third party right, lien, demand or pledge ("Free and Clear"), except as expressly provided otherwise in this Amended Deed.

• The Issuer undertakes and confirms to create and perfect, and cause to be created and perfected, the Security over the Secured Property, including the Encumbered Assets, in favour of the Debenture Trustee for the benefit of the Debenture Holders.

• The proposed rule would therefore require a covered company to fully support them with stable funding, in order to reduce its risk of having to liquidate them at a discount.c. Treatment of Encumbered Assets Under the proposed rule, the RSF factor assigned to an asset would depend on whether or not the asset is encumbered.

• All insurance policies on the Encumbered Assets shall have been endorsed in favor of the Debenture Trustee as loss payee, within 60 (sixty) days from the Deemed Date of Allotment.

• The Company undertakes that the liens on the Encumbered Assets will be created according to documents requested by the Trustees (including documents of liens, debentures, approvals of officers, legal opinions and other similar documents), in accepted, appropriate and reasonable wording and form.

More Definitions of Encumbered Assets

Encumbered Assets means assets held for security or as collateral against a liability or contingent liability of the group or other person or any other use restriction, excluding encumbered assets for policyholder obligations of the group;

Encumbered Assets means any of the Debtors’ assets encumbered by the liens securing the First Lien Revolving Credit Agreement, the First Lien Term Credit Agreement and the Second Lien Credit Agreement.

Encumbered Assets means any assets of the Issuer and all the UAC’s which are the subject matter of any Secured Loan, including without being limited to zero coupon bonds and sinking funds.

Encumbered Assets shall have the meaning given to it in Clause 5.5;

Encumbered Assets means any asset which is subject to any security interest or Security as referred to or defined by Insolvency Law;

Encumbered Assets has the meaning given to that term in section 2.1 below;

Encumbered Assets means advances made by the Company on behalf of loans serviced by the Company on behalf of Marathon which secure the Servicing Advance Line.