Indenture Exclusive Collateral definition

Indenture Exclusive Collateral means (a) all Equity Interests in GCUK and Global Marine and their respective Subsidiaries, (b) all Collateral owned by GCUK and Global Marine and their respective Subsidiaries, (c) any amounts standing to the credit of the Specified Subsidiary Asset Sale Proceeds Account or the Specified Subsidiary Casualty Event Proceeds Account and (d) all proceeds of any of the foregoing (including any proceeds of a sale of the foregoing).
Indenture Exclusive Collateral means (a) all Equity Interests in GCUK and Global Marine and their respective Subsidiaries, (b) all Collateral owned by GCUK and Global Marine and their respective Subsidiaries, (c) any amounts standing to the credit of the Specified Subsidiary Asset Sale Proceeds Account or the Specified Subsidiary Casualty Event Proceeds Account and (d) all proceeds of any of the foregoing (including any proceeds of a sale of the foregoing). Without limiting the generality of the foregoing, it is understood that any Shared Collateral (other than any Shared Continuing Collateral) that shall be sold, transferred or otherwise disposed of (including by reason of any merger or consolidation) to a Specified Subsidiary shall, upon the effectiveness of such transaction, become "Indenture Exclusive Collateral" hereunder and shall cease to constitute Shared Collateral hereunder.
Indenture Exclusive Collateral means all of the assets of any Grantor with respect to which a Lien is granted as security for any Indenture Obligations; provided that “Indenture Exclusive Collateral” shall not include any assets constituting Second Lien Collateral or any First Lien Collateral.

Examples of Indenture Exclusive Collateral in a sentence

  • If the First Lien Collateral Agent or any other First Lien Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award or payment, in each case, in respect of Indenture Exclusive Collateral, it shall transfer and pay over such proceeds to the Second Lien Collateral Agent in accordance with Section 4.02(b).

  • The First Lien Collateral Agent, for itself and on behalf of the other First Lien Secured Parties, agrees that neither it nor any of them shall request or accept the benefit of any Lien on any Indenture Exclusive Collateral to secure any Obligations under and as defined in the First Lien Loan Documents.

  • Until the Discharge of Loan Agreement Secured Obligations, the Collateral Agent, for and on behalf of itself, the Trustee and the Noteholders, waives any right to seek or obtain a “priming” lien or a lien that would be pari passu with the Agent’s Liens whether as adequate protection for the use of Collateral or Indenture Exclusive Collateral or otherwise.

  • The Collateral Agent, for and on behalf of itself, the Trustee and the Noteholders, acknowledges and agrees that, concurrently herewith, the Agent and the Lenders have been granted Liens upon all of the Collateral in which the Collateral Agent has been granted Liens (other than the Indenture Exclusive Collateral) and the Collateral Agent hereby consents thereto.

  • Without limiting the rights granted in this Section 3.07, the First Lien Secured Parties shall cooperate (at their own costs and expenses) with the Second Lien Collateral Agent in connection with any efforts made by the Second Lien Collateral Agent to sell the Indenture Exclusive Collateral.

  • Subject to paragraphs (b) and (c) of this Section 3.07, neither the First Lien Collateral Agent nor any of the other First Lien Secured Parties shall be obligated to make any payments to the Second Lien Collateral Agent for use of the Real Property or Indenture Exclusive Collateral.

  • The Agent, on behalf of itself and the Lenders, agrees that all distributions that the Agent or any Lender receives in any Insolvency Proceeding on account of the Indenture Priority Collateral, the Indenture Exclusive Collateral or Proceeds thereof shall be held in trust by such Person and turned over to the Collateral Agent for application in accordance with Section 4.02 of this Agreement.

  • The Agent, for and on behalf of itself and the Lenders, acknowledges and agrees that the Collateral Agent, for the benefit of itself, the Trustee, and the Noteholders, has been granted Liens upon all of the Collateral in which the Agent has been granted Liens and, in addition, the Indenture Exclusive Collateral and the Agent hereby consents thereto.

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More Definitions of Indenture Exclusive Collateral

Indenture Exclusive Collateral means the Cash Collateral maintained in the Interest Reserve Account as of the Closing Date, together with interest and earnings thereon.
Indenture Exclusive Collateral means any assets constituting Indenture Collateral that are not also Credit Facility Collateral.
Indenture Exclusive Collateral means (a) all Equity Interests in GCUK and its Subsidiaries, (b) after all GCUK Notes cease to be outstanding, all Collateral owned by GCUK and its Subsidiaries and (c) all proceeds of any of the foregoing (including any proceeds of a sale of the foregoing).

Related to Indenture Exclusive Collateral

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

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

  • Sale and Servicing Agreement Collateral shall have the meaning set forth in Section 2.4.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • 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.

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

  • Hedge Collateral Defined in Section 5.3(b).

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

  • Acceptable Collateral means: (i) a Letter of Credit; and/or (ii) a cash amount (in pounds) transferred to the credit of a Reserve Account;

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

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • ABL Collateral Agent means JPMorgan Chase Bank, N.A., in its capacity as collateral agent for the ABL Facility Secured Parties, together with its successors and permitted assigns under the ABL Facility Agreement and the ABL Facility Collateral Documents.

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

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.

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

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

  • 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.

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Second Priority Obligations means (a) with respect to the Existing Second Priority Agreement, all “Secured Obligations” of each Loan Party as defined in the “Security Agreement” referred to in the Existing Second Priority Agreement and (b) with respect to each other Second Priority Agreement, (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all indebtedness under such Second Priority Agreement, and (ii) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable Second Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any Second Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any First Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties hereunder, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Priority Lien Security Documents means the Priority Credit Agreement (insofar as the same grants a Lien on the Collateral), each agreement listed in Part A of Exhibit B hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and delivered by the Borrower or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Priority Lien Agent (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any Priority Substitute Credit Facility).

  • ABL Security Agreement means the Security Agreement (as defined in the ABL Credit Agreement).