Springing Collateral definition

Springing Collateral means the Pledged Equity and the Initial Excluded Collateral.
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Springing Collateral means the Springing ALB Collateral and the Springing Olinda Collateral. “Springing Guarantee Deadline” means (i) with respect to each ALB Entity, the 30th day following the date when all principal and interest due by such Springing AssetCo Grantor under each of the Restructured ALB Loans, the Priority Lien Debt and the Junior Priority Capex Debt, including, in each case, any permitted Refinancing thereof, have been indefeasibly paid in full in immediately available funds and no commitments remain outstanding thereunder and (ii) with respect to Xxxxxx Xxxx, the 5th Business Day following the Olinda Star Guarantee Date. With respect to clause (i), if a refinancing or restructuring of the then-existing Restructured ALB Loans, Priority Lien Debt or Junior Priority Capex Debt is entered into prior to the 30th day following the payment in full of such credit facility, (A) the Company shall notify in writing the Collateral Trustee, Bradesco and the Holders of such refinancing or restructuring and (B) the “Springing Guarantee Deadline” shall be the 30th day following the payment in full of such refinancing or restructuring.
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Springing Collateral means any assets other than Initial Collateral and Additional Collateral of the Company or any of its Restricted Subsidiaries that are affirmatively pledged pursuant to the Credit Agreement as collateral for Indebtedness of the Company or a Subsidiary Guarantor incurred under the Credit Agreement pursuant to Section 4.03(a)(1).
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Examples of Springing Collateral in a sentence

  • As further described in Article VI.D of this Disclosure Statement, the Legacy Noteholder Group contends that such condition has been met and the Legacy Notes are therefore entitled to liens on certain Springing Collateral (as defined below) that are equal and ratable with certain of the Debtors’ secured debt.

  • The collateral exclusion automatically falling away upon the occurrence of the Existing Notes Condition Trigger and the Term Loan Credit Facility (and PGNs, as discussed below) receiving the benefit of the Springing Collateral, which then triggers the obligation under the indenture for the Legacy Notes to grant such collateral to the Legacy Notes, frequently is referred to by the parties as the “collateral flip” (the “ Collateral Flip”).

  • The collateral exclusion automatically falling away upon the occurrence of the Springing Lien Trigger Date and the Term Loan Credit Agreement (and PGNs, as discussed below) receiving the benefit of the Springing Collateral, which then triggers the obligation under the indenture for the Legacy Notes to grant such collateral to the Legacy Notes, frequently is referred to by the parties as the “collateral flip” (the “ Collateral Flip”).

  • After a Springing Lien Event, Borrower shall be responsible for all fees and disbursements incurred by Bank in connection with any appraisals of any Springing Collateral, field examinations or other business analysis conducted by any third parties in connection with this Agreement or any Loan Documents.

  • In addition, in accordance with Section 4.19 of the Indenture, Olinda Star, shall, within 45 days of the occurrence of the Springing Security Deadline for Olinda Star, cause the Collateral Trustee (for the benefit of the Trustee, the Holders and any other applicable Secured Party) to have valid and perfected first-priority Liens on the Springing Collateral, subject to Permitted Liens, of Olinda Star.

  • Upon the occurrence of a Springing Lien Event, Borrower hereby authorizes Bank to file financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or protect Bank’s interest or rights in the Springing Collateral.

  • The permittee has not received notice from the Director of his or her intent to inspect or otherwise review the new injection well within 13 days of the date of the notice in section a), in which case prior inspection or review is waived and the permittee may commence injection.

  • Guarantor hereby acknowledges that it has no further ownership of the JV Springing Collateral Account and funds therein and has no rights thereto, except as expressly provided herein.

  • Upon presentation to the Controlling Party of a Purchase of JV Interests Certificate (as hereinafter defined) executed by the Guarantor, the Controlling Party shall instruct Trustee to, and Trustee shall, disburse the applicable portion of the proceeds in the JV Springing Collateral Account (as specified in such Purchase of JV Interests Certificate) to the Controlling Party solely for the purpose of purchasing the JV Interests specified in such Purchase of JV Interests Certificate.

  • On or before the applicable Springing Security Deadline for a Springing AssetCo Grantor, the Company and such Springing AssetCo Grantor shall cause the Collateral Trustee (for the benefit of the Trustee, the Holders and any other applicable Secured Party) to have valid and perfected Liens on the Springing Collateral, subject to Permitted Liens.


More Definitions of Springing Collateral

Springing Collateral means, with respect to each Borrower, all of the following assets and properties of such Borrower:
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Springing Collateral means all goods, securities, instruments, documents of title, chattel paper, intangibles and money, as such terms are defined in the Personal Property Security Act (British Columbia), acquired or developed by IDB with Advances hereunder used for purposes not permitted hereby, all as determined by an Audit, including all such items or kinds of personal property as IDB may from time to time agree in writing shall constitute Springing Collateral.
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Springing Collateral is any and all properties, rights and assets of Borrower described on Exhibit A-1.
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Related to Springing Collateral

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • UCC Collateral is defined in Section 3.03.

  • Controlling Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Additional Collateral Agent (acting on the instructions of the Applicable Authorized Representative).

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Additional Pledged Collateral means any Pledged Collateral acquired by any Grantor after the date hereof and in which a security interest is granted pursuant to Section 2.2 (Grant of Security Interest in Collateral), including, to the extent a security interest is granted therein pursuant to Section 2.2 (

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Collateral has the meaning set forth in Section 2.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Term Loan Collateral means all assets, whether now owned or hereafter acquired by any Loan Party, in which a Lien is granted or purported to be granted to any Term Loan Secured Party as security for any Term Loan Obligation.

  • Additional First Lien Obligations means, with respect to any Series of Additional First Lien Obligations, (a) all principal of, and interest (including, without limitation, any interest which accrues after the commencement of any Bankruptcy Case, whether or not allowed or allowable as a claim in any such proceeding) payable with respect to, such Additional First Lien Obligations, (b) all other amounts payable to the related Additional First Lien Secured Parties under the related Additional First Lien Documents and (c) any renewals of extensions of the foregoing.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Swap Collateral means all right, title and interest of Party B in this Agreement, each Transaction hereunder, and all present and future amounts payable by Party A to Party B under or in connection with this Agreement or any Transaction governed by this Agreement, including, without limitation, any transfer or termination of any such Transaction.