Key Customer Lien definition

Key Customer Lien means a Lien granted to a Key Customer who is under arrangements similar to those of the Microsoft Permitted Liens and consistent with past practice and in the ordinary course of business of the Target Companies to secure obligations owed to such Key Customer and existing on property of any Target Company as of the Closing Date.
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Key Customer Lien means a Lien granted to a Key Customer who is under arrangements similar to those of the Microsoft Permitted Liens and consistent with past practice and in the ordinary course of business to secure obligations owed to such Key Customer and existing on property of any Credit Party as of the Closing Date. “KPI Report” means the KPI Report delivered by the Borrower to the Ad Hoc Lender Group Advisors and Ad Hoc Noteholder Group Advisors prior to the Closing Date. “Landing Site” means each manhole associated with the trans-Atlantic fiber optic cable systems of the Parent Guarantor and its Subsidiaries, each location under or over which such trans-Atlantic fiber optic cable systems transverse between any such manhole and the corresponding cable landing station, and each cable landing station associated with such trans-Atlantic fiber optic cable systems, whether located on property that is owned, leased or licensed by the Parent Guarantor or any of its Subsidiaries. As of the Closing Date, each Landing Site is listed on Schedule 1.01(f). “Leaseholds” of any Person means all the right, title and interest of such Person as lessee or licensee in, to and under leases or licenses of land, improvements and/or fixtures. “Legal Reservations” means, with respect to the Non-U.S. EMEA Credit Parties or (solely with respect to assets pledged under laws other than the United States, any State thereof, or the District of Columbia) any U.S. Credit Party: (i) the principle that equitable remedies are remedies which may be granted or refused at the discretion of the court, the principle of reasonableness and fairness, the limitation of enforcement by laws relating to bankruptcy, insolvency, liquidation, reorganisation, court schemes, moratoria, administration and other laws generally affecting the rights of creditors and secured creditors; (ii) the time barring of claims under the Limitation Acts or any applicable limitation statutes, the possibility that an undertaking to assume liability for or indemnify a person against nonpayment of stamp duty may be void and defenses of set-off or counterclaim; (iii) the principle that in certain circumstances security granted by way of fixed charge may be recharacterised by a court as a floating charge or that security purported to be constituted as an assignment may be recharacterised as a charge; (iv) the principle that additional interest or payment of compensation imposed pursuant to any relevant agreement may be held to be unenforceab...
Sample 1
Key Customer Lien means a Lien granted to a Key Customer who is under arrangements similar to those of the Microsoft Permitted Liens and consistent with past practice and in the ordinary course of business of the Target Companies to secure obligations owed to such Key Customer and existing on property of any Target Company as of the Closing Date. “Landing Site” means each manhole associated with the trans-Atlantic fiber optic cable systems of the U.S. Borrower and its Subsidiaries, each location under or over which such trans-Atlantic fiber optic cable systems transverse between any such manhole and the corresponding cable landing station, and each cable landing station associated with such trans-Atlantic fiber optic cable systems, whether located on property that is owned, leased or licensed by the U.S. Borrower or any of its Subsidiaries. As of the Closing Date, each Landing Site is listed on Schedule 1.01(f). “Latest Maturity Date” means, as of any date of determination, the latest of the Term Loan Maturity Date for any then outstanding Term Loans and the Revolving Facility Termination Date for any then outstanding Revolving Commitments, in each case then in effect on such date of determination. “LC Commitment Amount” means $50,000,000. The LC Commitment Amount is a part of, and not in addition to, the Total Revolving Commitment. “LC Documents” means, with respect to any Letter of Credit, any documents executed in connection with such Letter of Credit. “LC Fee” means any of the fees payable pursuant to Section 2.11(b) or Section 2.11(c) in respect of Letters of Credit.
Sample 1

Related to Key Customer Lien

  • Top Customers has the meaning specified in Section 4.28(a).

  • Company Customer means a person or entity for whom the Company or any of its Subsidiaries was providing services either at the time of, or at any time within the twelve (12) months preceding the Termination Date, and for whom the Participant had direct contact with and/or carried out or oversaw a material business responsibility during said twelve (12) month period or about whom the Participant had exposure to or received Confidential Information as a result of the Participant’s employment with the Company or any of its Subsidiaries.

  • Major Customers has the meaning set forth in Section 3.22.

  • Customer Deposits means at any time, the aggregate amount at such time of (a) deposits made by customers with respect to the purchase of goods or the performance of services and (b) layaway obligations of the Borrowers.

  • Commodity customer means a person for which a commodity intermediary carries a commodity contract on its books.

  • Major Customer has the meaning set forth in Section 3.22.

  • household customer means a customer purchasing electricity for his own household consumption, excluding commercial or professional activities;

  • Relevant Customer means a person, firm or company who during the period of twelve months immediately preceding the Termination Date conducted a business relationship (including, without limitation, the provision of services and the negotiation for the same) with the Company or any Group Company and with whom the Executive had significant contact as an employee of the Company;

  • Native Load Customers means the wholesale and retail power customers of a Transmission Owner on whose behalf the Transmission Owner, by statute, franchise, regulatory requirement, or contract, has undertaken an obligation to construct and operate the Transmission Owner’s system to meet the reliable electric needs of such customers.

  • Existing Customer means an individual who has purchased goods or services from a person, who is the recipient of a voice communication from that person, and who either paid for the goods or services within the 12 months preceding the voice communication or has not paid for the goods and services at the time of the voice communication because of a prior agreement between the person and the individual.

  • Significant Customers shall have the meaning set forth in Section 3.19.

  • Customer List means a list of the Borrower’s customers, specifying each customer’s name, mailing address and phone number.

  • END USER CUSTOMER LOCATION means the physical location of the premises where an End User makes use of the telecommunications services.

  • Significant Customer has the meaning set forth in Section 5.22(a).

  • End-Use Customer means a person or entity in Delaware that purchases electrical energy at retail prices from a Retail Electricity Supplier.

  • Customer Lists We hereby agree that we shall not use any list of your customers which may be obtained in connection with this Agreement for the purpose of solicitation of any product or service without your express written consent. However, nothing in this paragraph or otherwise shall be deemed to prohibit or restrict us or our affiliates in any way from solicitations of any product or service directed at, without limitation, the general public, any segment thereof, or any specific individual, provided such solicitation is not based upon such list. 9.

  • Customer Site means the site owned or leased by the Customer or any other site used to provide the Service, which is directly connected to a PoP managed by Liquid Telecom, as set out in the COF;

  • Customer Usage Data means the Telecommunications Service usage data of CLEC’s Customer, measured in minutes, sub-minute increments, message units or otherwise, that is recorded by CenturyLink AMA equipment and forwarded to CLEC.

  • Customer Group means Customer and any of its Affiliates;

  • Top Suppliers has the meaning set forth in Section 3.23(b).

  • Customer Facility means Generation Facilities or Merchant Transmission Facilities interconnected with or added to the Transmission System pursuant to an Interconnection Request under Subpart A of Tariff, Part IV. Customer Interconnection Facilities: