Membership Interest Collateral definition

Membership Interest Collateral has the meaning specified in Section 2.01(b).
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Membership Interest Collateral means (i) the Pledged Membership Interests, all certificates, if any, from time to time representing such Pledged Membership Interests, any contracts and instruments pursuant to which any such Pledged Membership Interests are created or issued and all distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Membership Interest after the Closing Date; and (ii) all additional membership interests in any Issuer Subsidiary (including any Asset Subsidiary or other Issuer Group Subsidiary the ownership of which is represented by membership interests) from time to time acquired by each Grantor in any manner, all certificates and/or instruments, if any, from time to time representing such additional membership interests, and all warrants, options and other rights to acquire membership interests and all distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all such additional membership interests.
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Membership Interest Collateral shall have the meaning specified in the Granting Clause of this Indenture.
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Examples of Membership Interest Collateral in a sentence

  • BFG possesses the Lexington Membership Interest Certificate, thus BFG holds a properly perfected security interest in the Lexington Membership Interest Collateral.

  • As a result of Spara’s defaults and entry of the Michigan Judgment, by letter dated November 6, 2012, BFG exercised its voting rights under the Lexington Membership Interest Collateral by becoming the manager of Lexington, and appointing Leo J.

  • On February 4, 2013, BFG filed its Motion For Modification Of The Automatic Stay And For Adequate Protection [Related Case No. 12-13263, Docket No. 33] (the “ Spara Stay Motion”) to, among other things, exercise its rights and remedies with respect to the Lexington Membership Interest Collateral (as defined below).

  • Notwithstanding any other provisions of this Indenture, neither the Trustee nor any of the Holders or any other party to this Indenture shall have any right to foreclose upon or otherwise disturb the Membership Interest Collateral so long as any of the Series 2002-1 Notes are outstanding.

  • Here, as permitted by the UCC, Spara and BFG set forth the standards for reasonable care of the Lexington Membership Interest Collateral in the Spara Pledge Agreement.

  • Until PCM has been paid in full, PCM’s liens on the proceeds of the Carbon Resources Collateral being sold pursuant to this Order and the Purchase Agreement and on all of PCM’s other collateral under the Loan Documents, except for PCM’s lien on the Membership Interest Collateral, are preserved and shall remain in full force and effect.

  • PCM’s lien in the Membership Interest Collateral shall be deemed unconditionally released, discharged and terminated upon payment of PCM’sAllowed Secured Claim as follows: (i) except for the Additional Attorneys’ Fees, PCM’s Allowed Secured Claim (or discounted claim if payment is received by PCM on or before December 1, 2011) by wire transfer to PCM; and (ii) the escrow of 300% of PCM’s good faith estimate of the Additional Attorneys’ Fees in a separate escrow account.


More Definitions of Membership Interest Collateral

Membership Interest Collateral shall have the meaning set forth in Section 8.15(h).
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Membership Interest Collateral means the Pledged Membership Interests, all certificates, if any, from time to time representing any of such Grantor's right, title and interest in the Pledged Membership Interests, any contracts and instruments pursuant to which any such Pledged Membership Interests are created or issued and all distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Membership Interests; and all of such Grantor's right, title and interest in all additional membership interests from time to time acquired by such Grantor in any manner, all certificates, if any, from time to time representing such additional membership interests and all distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all such additional membership interests, and all proceeds of any and all of the foregoing.
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Membership Interest Collateral or “Stock Collateral.” Section 3.06
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Membership Interest Collateral means (i) the Pledged Membership Interests, all certificates, if any, from time to time representing such Pledged Membership Interests, any contracts and instruments pursuant to which any such Pledged Membership Interests are created or issued and all distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Membership Interest after the Closing Date; and (ii) all additional membership interests in any Issuer Subsidiary (including any Engine Subsidiary or Leasing Subsidiary the ownership of which is represented by membership interests) from time to time acquired by each Grantor in any manner, all certificates and/or instruments, if any, from time to time representing such additional membership interests, and all warrants, options and other rights to acquire membership interests and all distributions, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all such additional membership interests.
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Related to Membership Interest Collateral

  • Pledged Trust Interests means all interests in a Delaware business trust or other trust including, without limitation, all trust interests listed on Schedule 4.4(A) under the heading “Pledged Trust Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such trust interests and any interest of such Grantor on the books and records of such trust or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such trust interests.

  • Additional Pledged Collateral means any Pledged Collateral acquired by any Grantor after the date hereof and in which a security interest is granted pursuant to Section 2.2 (Grant of Security Interest in Collateral), including, to the extent a security interest is granted therein pursuant to Section 2.2 (

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Pledged Partnership Interests means all interests in any general partnership, limited partnership, limited liability partnership or other partnership including, without limitation, all partnership interests listed on Schedule 4.4(A) under the heading “Pledged Partnership Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such partnership interests and any interest of such Grantor on the books and records of such partnership or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such partnership interests.

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Membership Interest means a Member’s entire interest in the Company including such Member’s right to receive allocations and distributions pursuant to this Agreement and the right to participate in the management of the business and affairs of the Company in accordance with this Agreement, including the right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement.

  • Derivative Partnership Interests means any options, rights, warrants, appreciation rights, tracking, profit and phantom interests and other derivative securities relating to, convertible into or exchangeable for Partnership Interests.

  • Membership Interests has the meaning set forth in the recitals.

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • REMIC II Assets The REMIC I Regular Interests.

  • REMIC I Assets All of the Mortgage Pool Assets.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Swap Collateral Account means a single, segregated trust account in the name of the Indenture Trustee, which shall be designated as the “Swap Collateral Account” which shall be held in trust for the benefit of the Noteholders established pursuant to Section 4.8(e) of the Sale and Servicing Agreement.]

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Collateral Security means security, other than a security interest in a motor vehicle that is the subject of an installment sale contract, that is given to secure performance of an obligation of the buyer, or of any surety or guarantor for the buyer, under an installment sale contract. The term includes the undertakings of any surety or guarantor for the buyer and any interest in, encumbrance on, or pledge of real or personal property other than the motor vehicle that is the subject of the installment sale contract.

  • REMIC I Interests The REMIC I Regular Interests and the Class R-I Certificates.

  • Intercompany Interest means an Interest in a Debtor held by another Debtor.

  • Permitted Security Interest means any Security Interest:

  • Partnership Interests shall have the meaning specified in Section 6.3 [Subsidiaries].

  • Intercompany Interests means an Interest in a Debtor held by another Debtor and, for the avoidance of doubt, excludes the Existing Equity Interests.

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.