Examples of Intermediation Collateral in a sentence
No Intermediation Facility is secured by any Lien other than a Lien on Intermediation Collateral, and no event or condition has occurred which would, with the passage of time or the giving of notice or both, constitute an event of default under or permit the termination of, any Intermediation Facility, except to the extent such event of default or termination could not reasonably be expected to cause a Material Adverse Effect.
Xxxx Intermediation Collateral does not include any Intermediation Property.
For the avoidance of doubt, the Intermediation Collateral does not include any Intermediation Property.
Unless a Default or Event of Default shall exist or have occurred and be continuing, to the extent that Agent receives proceeds of insurance maintained by a Loan Party (other than with respect to any such proceeds constituting the Intermediation Collateral), such proceeds shall be applied in accordance with Section 2.
Xxxx Intermediation Agreement in effect on the Closing Date, taken as a whole, as determined in good faith by an Officer of the Company, (ii) no Intermediation Agreement shall provide for any lien on any assets other than Intermediation Collateral, and (iii) none of the Company and its Consolidated Subsidiaries, other than PHR or a Future Intermediation Subsidiary, shall enter into an Intermediation Facility.