Existing Pledged Collateral definition

Existing Pledged Collateral means the existing security pledged by the Partnership under the relevant (i) July 2004 Pledge Agreements and the (ii) March 2001 Pledge Agreements, as such documents are set forth on Schedule 4(b) hereto.
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Existing Pledged Collateral means that certain cash collateral in the aggregate original principal amount of Seventeen Million Five Hundred Thousand Dollars ($17,500,000) (and all interest, proceeds, and substitutions therefore) delivered to Surety pursuant to that certain Interim Pledge Agreement dated September 9, 2004, Integrated Electrical Services, Inc., as Pledgor, in favor of Surety, as modified by First Amendment to Interim Pledge Agreement dated October 6 , 2004, as further amended by Second Amendment to Interim Pledge Agreement dated October 12, 2004, as further amended by Third Amendment to Interim Pledge Agreement dated November 3, 2004, and as restated by that certain Restated Pledge Agreement of even date by Integrated Electrical Services, Inc. in favor of Surety.
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Existing Pledged Collateral means that certain cash collateral in the aggregate original principal amount of Eighteen Million One Hundred Thirteen Thousand Seventy-Eight 50/100 Dollars ($18,113,078.50) (and all interest, proceeds, and substitutions therefore) delivered to Surety pursuant to that certain Interim Pledge Agreement dated September 9, 2004, Integrated Electrical Services, Inc., as Pledgor, in favor of Surety, as modified by First Amendment to Interim Pledge Agreement dated October 6 , 2004, as further amended by Second Amendment to Interim Pledge Agreement dated October 12, 2004, as further amended by Third Amendment to Interim Pledge Agreement dated November 3, 2004, and as restated by that certain Restated Pledge Agreement dated January 14, 2005, by Integrated Electrical Services, Inc. in favor of Surety, and as amended by that Amendment to Pledge Agreement and Underwriting, Continuing Indemnity and Security Agreement dated January 17, 2006.
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Examples of Existing Pledged Collateral in a sentence

  • To the extent that Principal elects to offer cash as collateral, the parties hereto agree that the Restated Pledge Agreement is hereby amended and modified to allow up to Ten Million ($10,000,000) Dollars to be added to the amount of Existing Pledged Collateral now held by Surety.

  • The remainder of the facility fee will be due and payable by Indemnitors on or before January 2, 2007, and will be deducted from the Existing Pledged Collateral that would otherwise be returned to Indemnitors.

  • Indemnitors hereby acknowledge, confirm, and agree that, in the event Surety elects to enforce any rights it may have under and of the Surety Credit Documents with respect to the Existing Pledged Collateral and the Collateral, or any other collateral provided as security to secure Surety Loss, any such action will be deemed to be in the nature of a recoupment, rather than a set-off, as contemplated by Section 553 of the Bankruptcy Code.

  • The foregoing facility fee will be due and payable on May 30, 2007, and it will be deducted by Surety from the Existing Pledged Collateral.

  • On May 31, 2007, the principal amount of the Existing Pledged Collateral that is retained by Surety plus the aggregate face amount of the Existing Letters of Credit will be equal to Thirty Million Two Hundred Thirty-Five Thousand Nine Hundred Ninety-Five 67/100 Dollars ($30,235,995.67).

  • The forgoing amounts of Existing Pledged Collateral to be returned to Indemnitors have been determined after the payment of the facility fee referred to in Section 4.

  • Other than the Existing Pledged Collateral that is returned to Indemnitors by Surety, Surety will retain its first priority Lien and security interest in all of the Existing Pledged Collateral in the principal amount of Nine Million Two Hundred Thirty-Eight Thousand Forty 17/100 Dollars ($9,238,040.17) (after payment of the facility fee referred to in Section 4) (plus any interest and earnings that accrue after May 30, 2007) as additional security for any and all Surety Loss.

  • Subject to the provisions of Section 4 of this Third Amendment regarding the payment of a facility fee, and provided, that, no Event of Default has occurred Surety will return to Indemnitors Five Million Dollars ($5,000,000) of the Existing Pledged Collateral, which will be returned free and clear of all Liens.

  • Other than the Existing Pledged Collateral that is returned to Indemnitors by Surety, Surety will retain its first priority Lien and security interest in all of the Existing Pledged Collateral in the principal amount of Fourteen Million Two Thousand Forty-Five Dollars ($14,002,045) (plus any interest and earnings that accrue after January 2, 2007) as additional security for any and all Surety Loss.

  • Indemnitors represent and agree with Surety that the Collateral, the Existing Pledged Collateral, the Indemnity Agreement, and any collateral and assurances provided for in the Surety Credit Documents is insufficient for purposes of providing adequate assurance of future performance to Surety with respect to any Bonded Contract assumed by such Indemnitor pursuant to Section 365 of the Bankruptcy Code.


More Definitions of Existing Pledged Collateral

Existing Pledged Collateral means the Four Million Four Hundred Fifty Nine Thousand Fifty Dollars ($4,459,050) cash (and interest, earnings, and proceeds thereof) delivered to Surety pursuant to the March 23, 2001, Pledge Agreement, and the initial Eight Hundred Thousand Three Hundred Forty Two Dollars ($800,342) cash plus additional cash of Five Hundred Ninety Seven Thousand One Hundred Twenty Eight 31/100 Dollars ($597,128.31) delivered thereunder as further described on the attached Exhibit B (and interest, earnings, and proceeds thereof) delivered to Surety pursuant to the May 24, 2001, Pledge Agreement.
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Related to Existing Pledged Collateral

  • Additional Pledged Collateral means all shares of, limited and/or general partnership interests in, and limited liability company interests in, and all securities convertible into, and warrants, options and other rights to purchase or otherwise acquire, stock of, either (i) any Person that, after the date of this Agreement, as a result of any occurrence, becomes a direct Subsidiary of any Grantor or (ii) any issuer of Pledged Stock, any Partnership or any LLC that are acquired by any Grantor after the date hereof; all certificates or other instruments representing any of the foregoing; all Security Entitlements of any Grantor in respect of any of the foregoing; all additional indebtedness from time to time owed to any Grantor by any obligor on the Pledged Notes and the instruments evidencing such indebtedness; and all interest, cash, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, provided, that, in no event shall Additional Collateral include any Excluded Equity. Additional Pledged Collateral may be General Intangibles or Investment Property.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

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

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

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

  • Pledged Equity has the meaning specified in the Security Agreement.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests and Pledged Trust Interests.

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

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • Initial Pledged Shares means, collectively, with respect to each Pledgor, the issued and outstanding shares of capital stock of each issuer described in Schedule 11 annexed to the Perfection Certificate together with all rights, privileges, authority and powers of such Pledgor relating to such interests in each such issuer or under any Organizational Document of each such issuer, and the certificates, instruments and agreements representing such shares of capital stock and any and all interest of such Pledgor in the entries on the books of any financial intermediary pertaining to the Initial Pledged Shares.

  • UCC Collateral is defined in Section 3.03.

  • Pledged Securities means any promissory notes, stock certificates or other securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral.

  • 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.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Permitted Security Interest means any Security Interest:

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Trademark Collateral means all Trademarks, whether now owned or hereafter acquired by the Company, that are associated with the Business. Notwithstanding the foregoing, the Trademark Collateral does not and shall not include any Trademark which would be rendered invalid, abandoned, void or unenforceable by reason of its being included as part of the Trademark Collateral.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Permitted Prior Liens means Permitted Liens described in clauses (c), (f), (g), (h), (j), (k) (to the extent permitted under the Control Agreements relating to the deposit accounts subject to the Permitted Liens described in clause (k)) and (m) of the defined term “Permitted Liens” and as set forth in the Schedule.

  • 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.

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.