Liquid Collateral definition

Liquid Collateral means all amounts and securities deposited from time to time in the Collateral Account and all of the products, investments, earnings and proceeds of the foregoing, including, but not limited to, all proceeds of the investment or conversion thereof, voluntary or involuntary, into cash, Cash Equivalents or other property, all rights to payment of any and every kind, and other forms of obligations, and instruments and other property which at any time constitute all or part or are included in the proceeds of any of the foregoing.

Liquid Collateral means the (i) Cash Collateral Accounts and (ii) all Cash Distributions on the Pledged Equity Interests.

Liquid Collateral as defined in the Senior Secured Note Indenture.

Examples of Liquid Collateral in a sentence

• The DIP Lenders were granted a first Lien on the Debtors' Liquid Collateral under the Final DIP Order, as well as a first Lien on any Additional DIP Collateral.

• If (x) with respect to Illiquid Collateral, an Event of Default shall have occurred and be continuing, or (y) with respect to Liquid Collateral, a Specified Event of Default shall have occurred and be continuing, the Collateral Agent may exercise (or cause its sub-agents to exercise) any or all of the remedies available to it (or to such sub-agents) under the Pledge Documents with respect to Illiquid Collateral and Liquid Collateral, respectively.

• The third "Whereas" Clause of the Original Trust Indenture is hereby amended by deleting from clause (ii) thereof "mortgage and pledge by the Owner Trustee to the Indenture Trustee, as part of the Trust Indenture Estate hereunder of the Owner Trustee's right, title and interest in and to the Liquid Collateral and after the Delivery Date the assignment,".

• Such additional Liquid Custodial Collateral shall be then considered Relevant Liquid Custodial Collateral with respect to such Liquid Collateral Advance.

• The Liquidating Trustee is entitled to deduct all fees and expenses reasonably incurred by the Liquidating Trustee and/or the Liquidating Trustee Professionals in administering, preserving, maintaining or liquidating Collateral (other than Liquid Collateral or Additional DIP Collateral) or Unencumbered Assets from the proceeds of such Collateral or Unencumbered Assets prior to making any Distribution of such proceeds under the Plan.

More Definitions of Liquid Collateral

Liquid Collateral means the following, in each case whether now owned or existing or hereafter acquired or arising and wherever located, including (1) all rights of each Grantor to receive moneys due and to become due under or pursuant to the following, (2) all rights of each Grantor to receive return of any premiums for or proceeds of any insurance, indemnity, warranty or guaranty with respect to the following or to receive condemnation proceeds, (3) all claims of each Grantor for damages arising out of or for breach of or default under any of the following, and (4) all rights of each Grantor to terminate, amend, supplement, modify or waive performance under any of the following, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder:

Liquid Collateral means any Collateral of the type described in Section 9-611(d) of the Uniform Commercial Code.

Liquid Collateral means, except as provided below, all of the following property of the Company and each Subsidiary Guarantor now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest:

Liquid Collateral means (a) Pledged Accounts, (b) Pledged Chattel Paper, (c) Pledged Instruments, (d) Cash Collateral Accounts, (e) Pledged Intellectual Property, (f) any Uncertificated Securities evidencing money market funds, (g) Pledged Deposit Accounts and (h) the Securities Accounts.

Liquid Collateral means (i) Pledged Accounts, (ii) Pledged Chattel Paper, (iii) Pledged Instruments, (iv) Pledged Cash Collateral Accounts, (v) Pledged Intellectual Property, (vi) any Pledged Uncertificated Securities evidencing money market funds, (vii) Pledged Deposit Accounts and (viii) Pledged Securities Accounts.

Liquid Collateral means, collectively, all of the personal property in which First Priority Liens are purported to be granted pursuant to the Collateral Documents as security for the Revolving Obligations and shall include, without limitation, all Accounts and Inventory of Borrower and Guarantors and shall include all "Liquid Collateral" as defined in the Intercreditor Agreement.

Liquid Collateral means Permitted Investments with a scheduled maturity date of not more than seven (7) years from the date of purchase, except for corporate bonds rated lower than A by S&P or A2 by Moody’s which must have a scheduled maturity date not to exceed five (5) years from the date of purchase.