Initial Collateral definition

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

• Initial Collateral levels will not be less than 102% of the Market Value of the Borrowed Securities, or not less than 105% if the borrowed securities and the Collateral are denominated in different currencies.

• Each Asset Pool One Collateral Certificate, including the Initial Collateral Certificate, shall be registered in the name of and shall be delivered to and held by the Collateral Agent separate and apart from all other property held by such Collateral Agent.

• The Owner Trustee makes no representations as to the validity or sufficiency of the Notes or of any Transaction Document, of the Initial Collateral Certificate, of any additional Collateral Certificates or related documents.

• On the Effective Date, the Initial Collateral Properties shall be the sole Collateral Properties.

• At the Closing (as defined in the Amended Stock Purchase Agreement), Pledgor shall deliver or cause to be delivered in the method specified in Section 2.3 to Securities Intermediary the Initial Collateral for credit to and/or deposit in the Indemnification Collateral Account, and Pledge Collateral Agent shall establish the Pledge Collateral Accounts and credit the Pledge Collateral thereto as provided in the Pledge Agreement.

More Definitions of Initial Collateral

Initial Collateral the Second 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 means Permitted Collateral Delivered to Party A by Party B pursuant to Paragraph 4;

Initial Collateral has the meaning set forth in Section 2(m) of this Agreement.

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 minimum amount of assets which the borrower shall deposit as collateral prior to borrowing of any securities;

Initial Collateral means the Collateral granted pursuant to the Real Estate Closing Deliverables.

Initial Collateral has the meaning given to “Initial Collateral” in the Pledge and Security Agreement.