Initial Collateral means Eligible Collateral required by the Indemnification Provisions to be credited to the Indemnification Collateral Account on the Closing Date, the particular composition of such Eligible Collateral for these purposes to be determined pursuant to the Amended Stock Purchase Agreement.
Initial Collateral means the Eligible Collateral initially made subject to the Lien of this Indenture.
Initial Collateral means assets of the Borrowers and the Guarantors that are listed on, or of a type described on, Schedule IV to the Security Agreement and that exist on the Closing Date.
Examples of Initial Collateral in a sentence
This Agreement is intended to provide (x) prior to the Working Capital Notes Termination, a grant of security interests by the Initial Equity Grantors and the Initial Grantors in the Initial Collateral and (y) on and after the Working Capital Notes Termination, (i) a grant of security interests by the Permanent Grantors and the Permanent Equity Grantors in the Permanent Collateral and (ii) the automatic release of any Collateral that does not constitute Permanent Collateral.
More Definitions of Initial Collateral
Initial Collateral the First Priority Collateral in existence on the Effective Date in which a security interest is created or granted under or evidenced by the Initial Security Documents.
Initial Collateral has the meaning set forth in Section 2(m) of this Agreement.
Initial Collateral means Permitted Collateral Delivered to Party A by Party B pursuant to Paragraph 4;
Initial Collateral means any and all present and future right, title, and interest of the Maker and its Subsidiaries in and to the following, whether now owned or hereafter acquired, existing or arising, and wherever located: (a) all assets (other than the Pledged Equity) of the Maker and its Subsidiaries located in Uruguay; (b) all Intellectual Property owned by the Maker and each Subsidiary of the Maker; and (c) all equipment, all real estate assets and fixtures, and all other property or assets of the Maker and each Subsidiary of the Maker that are necessary or incidental to the exploitation of the satellite fleet of the Maker and its Subsidiaries, inclusive of the satellite fleet; provided, that in no event shall the Initial Collateral include the Initial Excluded Collateral at any time prior to the Springing Date.
Initial Collateral means the Collateral granted pursuant to the Real Estate Closing Deliverables.
Initial Collateral means the minimum amount of assets which the borrower shall deposit as collateral prior to borrowing of any securities;
Initial Collateral has the meaning assigned to such term in Section 11.02(d).