Restricted Collateral means any “Principal Property” of the Company or a “Restricted Subsidiary” or “shares of stock or indebtedness of a Restricted Subsidiary,” in each case, as defined in or within the meaning of any of the Senior Note Indentures. For the avoidance of doubt, Restricted Collateral shall include, without limitation, all “1998 Restricted Collateral” (under and as defined in the Pledge and Security Agreement).
Restricted Collateral means the collective reference to all Principal Properties and Restricted Securities.
Restricted Collateral means, collectively, (a) the Capital Stock of the Persons listed on Schedule 1.1C, (b) any asset or property, (i) to the extent that the assignment for collateral security purposes, pledge or grant of a Lien with respect thereto is prohibited by any applicable requirement of law or by any Governmental Authority, or (ii) to the extent that the assignment for collateral security purposes, pledge or grant of a Lien with respect thereto is prohibited by, constitutes a default or breach of, or results in the termination of the terms of any contract, agreement, instrument, or indenture relating to such asset or property, in each case, to the extent such law, prohibition or applicable provision is not rendered ineffective or unenforceable under other applicable law, and (c) any other asset or property of the Company or any Subsidiary Guarantor that, but for a requirement to obtain a third party consent (to the extent that such requirement is not rendered ineffective or unenforceable under other applicable law) in order to assign for collateral security purposes, pledge or xxxxx x Xxxx with respect to such asset or property as collateral, would constitute “Collateral”, in each case only to the extent that, and for so long as, a third party consent that has not been obtained is required in order to pledge such asset or property as collateral, it being understood and agreed that no Loan Party shall have any obligation to solicit or obtain any such third party consent under any circumstances whatsoever.
Examples of Restricted Collateral in a sentence
All proceeds of the Eligible Pledges and Government Support shall be deposited by Borrower to the Restricted Collateral Account upon receipt.
The Restricted Collateral Account shall be assigned as collateral for the Loan and held for the payment of Project Costs and principal and interest on the Loan when due.
If appropriate, PJM will revise the Market Participant’s Unsecured Credit Allowance and/or change its determination of creditworthiness, credit support, Restricted Collateral, required Collateral or other assurances pursuant to PJM’s ongoing risk evaluation process.
The Borrower may also deposit cash to the Restricted Collateral Account.
The Borrower may apply monies in the Restricted Collateral Account to the payment of Project Costs pursuant to the provisions of this Agreement and to principal and interest on the Note when due and to the prepayment of principal on the Note at any time upon written direction as set forth in the Collateral Agent Agreement.
More Definitions of Restricted Collateral
Restricted Collateral all assets of the Credit Parties that would otherwise be included as Collateral but for the express terms of (a) any permit, lease, license, contract or other agreement or instrument constituting or applicable to such asset or (b) Applicable Law (other than to the extent that any such term would be rendered ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the UCC (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law or principles of equity) that, in each case, prohibits the grant to any Credit Party of a security interest in and to such asset; provided, however, that such assets shall constitute “Restricted Collateral” only to the extent and for so long as such permit, lease, license, contract or other agreement or Applicable Law validly prohibits the creation of a Lien on such property in favor of the Credit Parties and, upon the termination of such prohibition (by written consent or in any other manner), such property shall cease to constitute “Restricted Collateral”.
Restricted Collateral means the Collateral of Xerox or any Restricted Secured Subsidiary Guarantor (and any Proceeds of such Collateral shall also constitute “Restricted Collateral”).
Restricted Collateral means Collateral, held by PJM or PJMSettlement, which cannot be used, netted, credited or spent by the Participant to satisfy any other obligations. Revenue Data for Settlements:
Restricted Collateral the collective reference to all Principal Properties and Restricted Securities, whether now owned or hereafter acquired, which, to the extent securing the Obligations, would cause the Obligations constituting Borrowed Debt to be Secured Indebtedness under the Indenture.
Restricted Collateral means Principal Properties and the shares of Capital Stock of any Subsidiary of API (as each such capitalized term is defined in the Existing Indentures).
Restricted Collateral means (a) the Collateral listed on Schedule 1.1B, (b) all of the assets and property, whether now owned or hereafter acquired, of CMS Funding Company LLC and (c) all of the assets and property, whether now owned or hereafter acquired, of CIT Middle Market Funding, LLC.
Restricted Collateral means all Collateral constituting "any --------------------- Principal Property owned by the Company or any Restricted Subsidiary or shares of capital stock or evidence of Indebtedness of any Restricted Subsidiary" within the meaning of (i) Xxxxxxx 00.0 xx xxx 0000 Xxxxxxxxx, (xx) Section 3.8 of the 1999 Indenture or (iii) Section 3.1 of the 1998 Supplemental Indenture.