Indemnity Collateral definition

Indemnity Collateral shall have the meaning provided in Section 14.5(a).
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Indemnity Collateral means the assets supplied by Captive Participants to the Segregated Account to support their Indemnity Obligation.
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Indemnity Collateral means (x) $6,250,000 worth of Contributors' Units (valued at $11.00 per Unit); (y) any Common Stock received by Contributors as a result of the exchange of any Indemnity Collateral for Common Stock; and (z) cash or in-kind distributions, share splits or other securities received or receivable with respect to any Indemnity Collateral.
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Examples of Indemnity Collateral in a sentence

  • Each Indemnified Party shall have all of the rights now or hereafter existing under applicable law, and all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions, with respect to the Indemnity Collateral, and each Member agrees to take all such actions as may be reasonably requested of it by an Indemnified Party to ensure that the Indemnified Parties can realize on such security interest.

  • Each Starwood Indemnified Party shall have all of the rights now or hereafter existing under applicable law, and all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions, with respect to the Indemnity Collateral, and JVP agrees to take all such actions at the expense of the requesting Starwood Indemnified Party as may be reasonably requested of it by a Starwood Indemnified Party to ensure that the Starwood Indemnified Parties can realize on such security interest.

  • In addition, once an indemnity claim has been made hereunder, all cash or other dividends made with respect to Units or shares of Common Stock shall be considered Indemnity Collateral and shall be placed by the General Partner in an escrow account until such claim is resolved.

  • From and after the Pledge Date, each Indemnified Party shall have all of the rights then or thereafter existing under applicable law, and all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions, with respect to the Indemnity Collateral, and each Member agrees to take all such actions as may be reasonably requested of it by an Indemnified Party to ensure that the Indemnified Parties can realize on such security interest.

  • With respect to indemnity obligations of the TTC Guarantors under Section 14.3, the TTC Guarantors have granted and hereby confer, subject to the provisions of Section 14.4.D, to the General Partner a lien upon and a continuing security interest in, the Indemnity Collateral which shall be security for the indemnity obligations of the TTC Guarantors, as applicable, under this Article 14.

  • Each Indemnified Party shall have all of the rights now or hereafter existing under applicable law, and all rights as a secured creditor under the Uniform Commercial Code in all relevant jurisdictions, with respect to the Indemnity Collateral, and Hawthorne agrees to take all such actions as may be reasonably requested of it by an Indemnified Party to ensure that the Indemnified Parties can realize on such security interest.

  • Upon satisfaction of the conditions to the release of the liens and security interests and the Indemnity Collateral, the Trust and the Partnership shall prepare and file all documents and shall take all other action necessary to release such security interests in the indemnity collateral, as applicable.

  • Upon satisfaction of the conditions to the release of the liens and security interests and the Indemnity Collateral, the Buyers shall prepare and file all documents and shall take all other action necessary to release such security interests in the Indemnity Collateral, as applicable.

  • Except as otherwise provided in Section 3.01 hereof, the Escrow Agent hereby agrees that the Indemnity Collateral Account and all Indemnity Escrowed Funds held hereunder shall be held for the account of Seller; provided that Seller and Buyer expressly agree that no portion of the Indemnity Collateral Account or the Indemnity Escrowed Funds shall be or become part of the bankruptcy estate of Seller in the event that Seller is or becomes the subject debtor of a bankruptcy proceeding.

  • Indemnity Collateral shall mean with respect to any Limited Partner, (i) the Partnership Interests and Shares acquired by the Limited Partner in connection with the formation of the General Partner as a REIT and the Offering; (ii) any Shares received by the Limited Partners as a result of the exchange of Partnership Interests for Shares; and (iii) distributions, share splits or other securities received with respect to the Shares or Partnership Interests described in clauses (i) and (ii) above.


More Definitions of Indemnity Collateral

Indemnity Collateral shall be, with respect to the Sellers: (a) to the extent that the Sellers have received Common Stock, (i) the value of the Common Stock up to $2,500,000, valued as set forth in Section 4.5; and (ii) cash or in-kind distributions, share splits or other securities received or receivable with respect to the Common Stock; and (b) if the value of the Common Stock in clauses (a)(i) and (a)(ii) above is less than $2,500,000, Non-core Assets with a value equal to the difference between the value of the Common Stock in clauses (a)(i) and (a)(ii) above and $2,500,000. The Non-core Assets to be included in the Indemnity Collateral shall be designated by the Sellers and shall be valued as set forth in Section 5.2.
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Indemnity Collateral means with respect to any Limited Partner, (i) the Partnership Interests and Shares acquired by the Limited Partner in connection with the formation of the General Partner as a REIT and the Offering; (ii) any Shares received by the Limited Partners as a result of the exchange of Partnership Interests for Shares; and (iii) distributions, share splits or other securities received with respect to the Shares or Partnership Interests described in clauses (i) and (ii) above.
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Related to Indemnity Collateral

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Personal Property Collateral means all Collateral other than Real Property.

  • 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.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • 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.

  • 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.

  • 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.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • UCC Collateral is defined in Section 3.03.

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

  • Purchase-money collateral means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and

  • Intellectual Property Collateral means, collectively, the Patents, Trademarks, Copyrights, Intellectual Property Licenses and Goodwill.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Hedge Collateral Defined in Section 5.3(b).

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.