Restricted Collateral definition

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).

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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 ▇▇▇▇▇ ▇ ▇▇▇▇ 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

Notwithstanding anything to the contrary contained in clauses (i) through (viii) above, the security interest created by this Agreement shall not extend to, and the term “Collateral” shall not include, any Restricted Collateral; provided that, all Accounts arising from and all Proceeds, substitutions or replacements of any Restricted Collateral shall constitute Collateral hereunder.
Notwithstanding anything in this Agreement to the contrary, unless an Event of Default has occurred and is continuing and the Agent has so requested, no physical delivery of any Pledged Security and/or Intercompany Notes that constitutes NAI Restricted Collateral shall be required to be delivered to the Agent.
The amount of this Restricted Collateral shall not be available to cover any credit requirements from market activity.
As of the Closing Date, the foregoing amount plus the Obligations plus the Debt incurred pursuant to the Revolving Credit Documents secured by Restricted Collateral does not exceed the aggregate $150,000,000 limitation set forth in the lead-in to Section 1008 of the Indenture.
The Collateral Agent may make distributions hereunder in cash or in kind or, on a ratable basis, in any combination thereof; provided that in no event will the Collateral Agent apply proceeds from the Restricted Collateral to the amounts described in clauses (i) through (iv) above in excess of the Restricted Amount.

More Definitions of Restricted Collateral

Restricted Collateral means (a) the Term Loan Collateral listed on Schedule 1.1B of the Amended Term Loan Agreement, (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 Collateral, held by PJM or PJMSettlement, which cannot be used, netted, credited or spent by the Participant to satisfy any other obligations.

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 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 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 (i) capital stock issued by a Restricted Subsidiary (as currently defined in the Indenture), and pledged to Agent, and all of the rights and privileges of any Borrower with respect thereto, and all income and profits thereon, and all interest, dividends and other payments and distributions with respect thereto, (ii) Debt (as currently defined in the Indenture) of a Restricted Subsidiary owned by the Parent or any other Restricted Subsidiary, (iii) any Operating Property (as currently defined in the Indenture) included in the Collateral and (iv) all proceeds of the foregoing.