Second Priority Collateral Trust Agreement definition

Second Priority Collateral Trust Agreement means the Second Priority Collateral Trust Agreement, dated as of the date hereof, among the Company, the Guarantors, the Second Priority Collateral Trustee, and the Trustee, substantially in the form of Exhibit C to the Indenture.
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Second Priority Collateral Trust Agreement has the meaning assigned to that term in the First Priority Indenture.
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Second Priority Collateral Trust Agreement means the Second Priority Collateral Trust Agreement, to be dated on or before the Effective Date, among the Debtor or the Reorganized Debtor, as applicable, each of the guarantors party thereto, the collateral trustee and the indenture trustee party thereto, substantially in the form set forth in the Plan Supplement.
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Examples of Second Priority Collateral Trust Agreement in a sentence

  • In such case the Pledgee shall release this pledge pursuant to the Second Priority Collateral Trust Agreement and the Second Priority Indenture.

  • Subject to the Second Priority Collateral Trust Agreement, if a Second Priority Collateral Trust Agreement Default shall have occurred and be continuing, the Second Priority Collateral Trustees may by writing without notice to the Chargor appoint one or more person or persons as the Second Priority Collateral Trustees think fit to be a receiver (the “Second Priority Receiver”) in relation to the Collateral.

  • All conditions precedent to the execution and delivery of this Agreement by the Second Priority Collateral Trustee under the Second Priority Collateral Trust Agreement and the Intercreditor Agreement have been satisfied.

  • If the Required Second Priority Representative(s) shall not have provided the Second Priority Collateral Trustees with such certificate within 30 Business Days of receipt of the copy of the Second Priority Collateral Trust Agreement Default Notice, the Required Second Priority Representative(s) shall be deemed to have not favored the taking of such action.

  • The Second Priority Collateral Trustees shall release all or any portion of the Collateral solely on terms and subject to the conditions set forth in Article 8 of the Second Priority Collateral Trust Agreement.

  • All notices, communications and distributions hereunder shall be given in accordance with Section 10.03 of the Second Priority Collateral Trust Agreement.

  • In addition, subject to the Second Priority Collateral Trust Agreement, the Second Priority Collateral Trustees shall have the right at any time, after the occurrence and during the continuance of a Second Priority Collateral Trust Agreement Default, to exchange certificates or instruments representing or evidencing Security Collateral for certificates or instruments of smaller or larger denominations.

  • If a Second Priority Collateral Trust Agreement Default has occurred, the Grantors’ consent to any such resignation shall not be required.

  • Terms defined in the Senior Note Indenture, the Second Priority Security Agreement or the Second Priority Collateral Trust Agreement and not otherwise defined herein are used herein as defined in the Senior Note Indenture, the Second Priority Security Agreement or the Second Priority Collateral Trust Agreement.

  • No amendment or waiver of any provision of this Second Priority Charge, and no consent to any departure by the Chargor herefrom, shall in any event be effective unless the same shall (a) be in writing and signed by the Second Priority Collateral Trustees and (b) otherwise comply with Section 9.01 of the Second Priority Collateral Trust Agreement, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.


More Definitions of Second Priority Collateral Trust Agreement

Second Priority Collateral Trust Agreement means that certain
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Second Priority Collateral Trust Agreement has the meaning set forth in the first WHEREAS clause of this Agreement.
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