Other Acceptable Collateral definition

Other Acceptable Collateral means any collateral in which the lender has a perfected security interest that has a quantifiable value and is accepted by the lender in accordance with safe and sound lending practices. Other acceptable collateral should be appropriately discounted by the lender consistent with the lender’s usual practices for making loans secured by such collateral. Other acceptable collateral includes unconditional irrevocable standby letters of credit for the benefit of the lender.

Other Acceptable Collateral means any Collateral (including Shares) that does not constitute Acceptable Collateral pursuant to clause (a) or (b) of the definition thereof, and is satisfactory to each Lender in its sole discretion (subject to Section 9.09).

Other Acceptable Collateral means any securities, instruments or property other than Shares, Cash Equivalents or Cash as to which Lenders have notified Borrower in writing in their sole discretion that such securities, instruments or property are Acceptable Collateral.

Examples of Other Acceptable Collateral in a sentence

• Administrative Agent shall not consent to any property or securities being included as Other Acceptable Collateral, and Calculation Agent shall not determine the Other Acceptable Collateral Haircut, without the written consent of each other Lender party hereto (in its sole discretion).

• Administrative Agent shall not consent to any property or securities being included as Other Acceptable Collateral, or determine the Other Acceptable Collateral Haircut, without the written consent of each other Lender party hereto.

• Neither Borrower has any (i) any material assets other than Common Shares, Cash, Cash Equivalents, Other Acceptable Collateral and Permitted Investments, or (ii) any Indebtedness or monetary obligations other than the Obligations and Subordinated Affiliate Indebtedness.

• Such Supporting Letter of Credit or Other Acceptable Collateral shall be held by the Agent, for the ratable benefit of the Agent and the Lenders, as security for, and to provide for the payment of, the aggregate undrawn amount of such Letters of Credit or such Credit Support remaining outstanding.

• The Calculation Agent shall not consent to any property or securities being included as Other Acceptable Collateral, or determine the Other Acceptable Collateral Haircut, without the written consent of the Lender.

• Administrative Agent shall not consent to any property or securities being included as Other Acceptable Collateral, and Calculation Agent shall not determine the Other Acceptable Collateral Haircut, without the written consent of each Lender.

• The Supporting Letter of Credit and Other Acceptable Collateral shall be in an amount equal to the greatest amount for which such Letter of Credit or such Credit Support may be drawn plus any fees and expenses associated with such Letter of Credit or such Credit Support.

• The Agent shall be entitled to draw, in the case of the Supporting Letter of Credit, or apply, in the case of Other Acceptable Collateral, amounts necessary to reimburse the Agent and the Lenders for payments to be made by the Agent and the Lenders under such Letter of Credit or Credit Support and any fees and expenses associated with such Letter of Credit or Credit Support.

• The Supporting Letter of Credit and Other Acceptable Collateral shall be in form and substance satisfactory to the Agent, and, in the case of the Supporting Letter of Credit, shall be issued by an issuer satisfactory to the Agent.

• Borrower is not engaged in any business or activity other than (a) holding Shares, Units, Class B Shares, Cash and Cash Equivalents and any Other Acceptable Collateral, ministerial activities incidental thereto and otherwise expressly contemplated herein,(b) performing its obligations under the Margin Loan Documentation and the Transactions and (c) payment of taxes and administrative fees necessary for compliance with this Agreement.

More Definitions of Other Acceptable Collateral

Other Acceptable Collateral means any Collateral that does not constitute Acceptable Collateral pursuant to clause (a) or (b) of the definition thereof, and is satisfactory to Administrative Agent in its sole discretion (subject to Section 8.08).

Other Acceptable Collateral has the meaning specified in Section 1.4.

Other Acceptable Collateral means any Collateral (including Preferred Shares and Common Shares) that does not constitute Acceptable Collateral pursuant to clause (a) or (b) of the definition thereof, and is satisfactory to Administrative Agent in its sole discretion.

Other Acceptable Collateral means any Collateral (including Shares) that does not constitute Acceptable Collateral pursuant to clause (a) or (b) of the definition thereof, and is satisfactory to each Lender in their sole discretion.