Swiss Collateral definition

Swiss Collateral means, collectively, the property described in the Swiss Security Documents in respect of which the Borrower has granted a security interest to the Agent pursuant to the terms thereof.
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Swiss Collateral means any and all property of any Swiss Loan Party covered or intended to be covered by the Collateral Documents and any and all other property of any Swiss Loan Party, now existing or hereafter acquired, that may at any time be or become, or is intended to be or become, subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.
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Swiss Collateral means, collectively, the Swiss Pledged Equity Interests, the Swiss Bank Accounts and the Swiss Assigned Claims.
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Examples of Swiss Collateral in a sentence

  • Within 30 days after the Effective Date (or such longer period as the Lender shall agree in writing), the Borrower shall deliver, or cause to be delivered: (a) each Collateral Access Agreement required to be provided pursuant to the Security Agreement; and (b) Swiss Collateral Documents, in form and substance reasonably satisfactory to the Lender, granting to the Lender a Lien on the Swiss Borrower’s bank accounts.

  • The Collateral Agent shall hold all securities under a Swiss Collateral Document that is accessory in nature (akzessorisch) for itself and for and on behalf of each Secured Party as a direct representative (direkter Stellvertreter) and all securities under a Swiss Collateral Document that is non-accessory in nature (nicht akzessorisch) as an agent for the benefit of the Secured Parties (Halten unter einem Treuhandverhältnis).

  • The Collateral Agent shall hold all securities under a Swiss Collateral Document governed by Swiss law that is accessory in nature (akzessorisch) for itself and on behalf of each Lender as a direct representative (direkter Stellvertreter) and all securities under a Swiss Collateral Document that is non-accessory in nature (nicht akzessorisch) as an agent for the benefit of the Lender (Halten unter einem Treuhandverhältnis).

  • If the Agent delivers a Perfection Request, the Borrower shall satisfy the requirements described in clauses (1) and (2) of the preceding sentence as promptly as reasonably practical but in no event any later than 30 days after its receipt of such Perfection Request and shall, at its own expense, do or cause IPL to do all things that are legally required for the Borrower to obtain a valid, perfected and unsubordinated Security Interest in the Swiss Collateral.

  • Borrower has the power and authority to grant to Agent a Lien in the Swiss Collateral as security for the Secured Obligations.

  • Borrower owns the Swiss Collateral, free of all Liens, except for Permitted Liens.

  • Each Secured Party (other than the Collateral Agent) appoints the Collateral Agent to act as its agent under and in connection with the Swiss Collateral Documents.


More Definitions of Swiss Collateral

Swiss Collateral means (i) all of the Intellectual Property, consisting only of patents, of IPL and (ii) the accounts receivable of IPL.
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Related to Swiss Collateral

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • 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.

  • Notes Collateral means all property subject, or purported to be subject from time to time, to a Lien under any Security Documents.