Funding Collateral definition

Funding Collateral shall have the meaning set forth in Section 2.6.2 (a)(vi).
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Funding Collateral means (i) the Funding Company Security Agreement Collateral (ii) the right, on the terms set forth in the Declaration of Trust, to direct the voting of the share capital of Funding Company, (iii) the U.S. Guarantees, (iv) a pledge of 79.0% of the value of the equity interests in the Trinidad U.S. Parent including 65.0% of the voting stock and (v) any other collateral set forth in the Funding Security Agreement.
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Examples of Funding Collateral in a sentence

  • All Principal Proceeds received by the Borrower during the Availability Period in respect of Future Funding Collateral Obligations shall be deposited into the Future Funding Reserve Account.

  • TWG International shall execute the Funding Note and Funding Collateral Agreements simultaneously with the execution of the Securities.

  • If Borrower or Mezzanine Lender funds Mezzanine Lender’s Percentage of any Future Advance (to be applied by Borrower and/or Mezzanine Borrower in accordance with its Requisition), so long as no Event of Default is continuing, Administrative Agent will release a corresponding amount of the Funding Collateral to Borrower (to be used by Borrower as determined by Borrower).

  • The Issuers agree that those rights granted to TWG Finance as the holder of the Funding Note and the Funding Collateral shall be exercised at the direction of the Trustee of this Indenture, including the waiver of any default and the enforcement of any default, including as against any property pledged to secure the repayment of the Funding Note.

  • TWG Finance may not sell or otherwise dispose of Collateral except at the direction of the Trustee for the benefit of the Securityholders pursuant to the terms of the Collateral Agreements and/or the Funding Collateral Agreements.

  • TWG Finance shall not engage in any business other than performance of its obligations arising under the Funding Note and Funding Indenture, the Funding Collateral Agreements, the Securities, the Indenture and all documents related to those two transactions.

  • Materiality shall be determined by reference to the overall objectives of this Agreement.

  • If Borrower or Mortgage Lender funds Mortgage Lender’s Percentage of any Future Advance (to be applied by Borrower and/or Mortgage Borrower in accordance with its Requisition), so long as no Event of Default is continuing, Administrative Agent will release a corresponding amount of the Funding Collateral to Borrower (to be used by Borrower as determined by Borrower).

  • Notwithstanding anything to the contrary contained herein, the obligations of Funding Company hereunder are solely the obligations of Funding Company and payable from, and recourse solely to, Funding Company's interest in the Funding Collateral following application of the Funding Collateral in or towards the discharge of the Secured Obligations and the obligations of Funding Company under each other Transaction Document.

  • The obligations and liabilities of the Funding Company hereunder are payable from, and recourse solely to, the Funding Company's interest in the Funding Collateral.