Permitted Collateral definition

Permitted Collateral means any of the following property: (a) Receivables (together with all general intangibles, and payment intangibles related thereto or arising therefrom and all proceeds and products of any of the foregoing), (b) cash and short-term investments, and (c) all dividends, interest, distributions, and other proceeds from time to time received, receivable or otherwise distributed in respect of, or in exchange for, any or all of the foregoing.

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Permitted Collateral. Liens shall mean only those Liens set forth in Schedule B to the applicable Mortgage.

Permitted Collateral means, collectively, (i) all Capital Stock and other Equity Interests of the Company's present and future direct Subsidiaries, (ii) all intercompany Indebtedness owed to the Company and (iii) all Capital Stock and other Equity Interests in Westminster Health Care Holdings PLC owned by the Company or its Subsidiaries.

Examples of Permitted Collateral in a sentence

Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Collateral Agent and shall constitute valid and enforceable perfected Liens subject only to Permitted Collateral Liens or other Liens acceptable to the Collateral Agent.
If for any reason any Collateral is at any time kept or located at a location other than a Permitted Collateral Location, the Agent shall nevertheless have and retain a lien on and security interest therein.
Each Company has good title to, or valid leasehold interests in, all its property material to its business, free and clear of all Liens except for, in the case of Collateral, Permitted Collateral Liens and, in the case of all other material property, Permitted Liens and minor irregularities or deficiencies in title that, individually or in the aggregate, do not interfere with its ability to conduct its business as currently conducted or to utilize such property for its intended purpose.
Each Pledgor represents and warrants that all Claims imposed upon or assessed against the Pledged Collateral have been paid and discharged except to the extent such Claims constitute a Lien not yet due and payable which is a Contested Lien or a Permitted Collateral Lien.
Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Collateral Agent and shall constitute valid and enforceable perfected First Priority Liens subject only to Permitted Collateral Liens or other Liens acceptable to the Collateral Agent.

More Definitions of Permitted Collateral

Permitted Collateral means collectively Cash, US Treasuries and such other assets as may from time to time be acceptable to the Secured Party for the purposes of this Appendix;

Permitted Collateral means any of the following:

Permitted Collateral. Liens shall mean only those liens set forth in Schedule B to the applicable Mortgage; and provided, further, with respect to any Liens described in clauses (iii), (iv), (v) and (vi) of the definition of "Permitted Encumbrance," to the extent such Liens are on Collateral, such Liens will only be "Permitted Collateral Liens" if the Company or the Restricted Subsidiary, as the case may be, has complied with the Contested Collateral Lien Conditions with respect to such Lien.

Permitted Collateral means, unless otherwise defined in the Applicable Series Resolution or Applicable Bond Series Certificate, with respect to an Applicable Series of Bonds, any of the following: (i) Government Obligations described in clauses (i), (ii) or (iii) of the definition of Government Obligations; (ii) Federal Agency Obligations described in clause (i) of the definition of Federal Agency Obligations; (iii) commercial paper that (A) matures within two hundred seventy (270) days after its date of issuance; (B) is rated in the highest short term rating category by at least one Rating Service; and (C) is issued by a domestic corporation whose unsecured senior debt is rated by at least one Rating Service no lower than in the second highest rating category; or (iv) financial guaranty agreements, surety or other similar bonds or other instruments of an insurance company that has an equity capital of at least $125,000,000 and is rated by Bests Insurance Guide or a Rating Service in the highest rating category;

Permitted Collateral means any of the following: (i) Government Obligations described in clauses (i), (ii) or (iii) of the definition of Government Obligations; (ii) Federal Agency Obligations described in clauses (i) or (ii) of the definition of Federal Agency Obligations; (iii) commercial paper that (a) matures within two hundred seventy (270) days after its date of issuance, (b) is rated in the highest short term rating category by at least one nationally recognized statistical rating service and (c) is issued by a domestic corporation whose unsecured senior debt is rated, without regard to qualification by symbols such as “+” or “–” or numerical notation, by at least one nationally recognized statistical rating service not lower than in the second highest rating category; and (iv) financial guaranty agreements, surety or other similar bonds or other instruments of an insurance company that has an equity capital of at least

Permitted Collateral means all of the Company's and its Subsidiaries' accounts receivable, inventory and tax refund claims, all general intangibles, intellectual property, contract rights, chattel paper, instruments, documents, books, records, licenses, trademarks and deposit accounts relating to such accounts receivable and inventory and all equipment, fixtures and real estate of the Company and its Subsidiaries, and all proceeds (including insurance proceeds) relating thereto, excluding, however, all notes owned by the Company issued by TKS Acquisition, Inc. in the original aggregate principal amount of $12.5 million and notes receivable up to $6 million from vendors who provide the Company with manufacturing services.