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.
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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;
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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.
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Examples of Encumbered Assets in a sentence

  • Each Borrowing Base Certificate signed by Borrower contains and will contain an accurate summary of all Eligible Encumbered Assets contained in the Borrowing Base as of its date.

  • 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.

  • 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.

  • With respect to the Encumbered Assets, (i) the Residual Interests (other than reserve accounts) held by the Borrower or any Restricted Subsidiary in any related Servicing Advance Facility, MSR Facility or Warehouse Facility, as applicable, are not subject to any Lien (other than Liens permitted under Sections 6.01(i), (ii) or (viii)) and (ii) the Borrower or a Restricted Subsidiary has valid title to all Encumbered Assets.

  • The Receivers shall retain the conduct of any claims, demands or proceedings made or brought against the Receivers, or their firm, partners or staff (whether or not the Seller is a party to such proceedings) relating to the Encumbered Assets, in which case the Receivers will use reasonable endeavours to consult with the Purchaser and shall keep the Purchaser fully informed of all material developments.


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;
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Encumbered Assets shall have the meaning given to it in Clause 5.5;
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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.
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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.
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Encumbered Assets means any asset which is subject to any security interest or Security as referred to or defined by Insolvency Law;
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Encumbered Assets. All the assets set forth in Section 2.5, including the Encumbered RVB Shares and the Encumbered A.O. Tzidon Shares.
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Encumbered Assets means assets held for security or as collateral against a liability or contingent liability of the insurance group or other person or any
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