Eligible Collateral means, with respect to a party, the items, if any, specified as such for that party in Paragraph 13.
Eligible Collateral means the amount of Collateral which has an aggregate fair market value equal to the amount by which the Pledgor is in default (without regard to any amounts owing solely as the result of an acceleration of the Loan Agreement) or such lesser amount of Collateral as may be required pursuant to section 13 of this Pledge Agreement.
Eligible Collateral means, as of any date, all Collateral on which the Collateral Agent has, as of such date, to the extent purported to be created by the applicable Security Document, a valid and perfected first priority Lien and/or mortgage (or comparable Lien) for the benefit of the Secured Parties and which is otherwise subject only to Permitted Liens and satisfies the requirements set out in the Loan Documents for such type of Collateral.
Examples of Eligible Collateral in a sentence
Prior to the Parent providing any Eligible Collateral under the Secured Facility, the Parent shall have executed and delivered to the Lender a Pledge Agreement, a Control Agreement and such other Security Documents as the Lender may reasonably require, together with an opinion delivered to the Lender, each in form and substance reasonably satisfactory to the Lender.
More Definitions of Eligible Collateral
Eligible Collateral means any securities that otherwise would qualify for outright purchase under this act.
Eligible Collateral means Collateral that satisfies the Eligibility Criteria. Eligible Collateral Schedule has the meaning specified in Section 3.4. Expected ABS Collateral has the meaning specified in Section 3.5(c).
Eligible Collateral means, collectively, Eligible Inventory and Eligible Receivables.
Eligible Collateral means any of the securities specified in Iowa Code section 12C.16(1)“b” provided that the securities are acceptable to the public unit and to the approved custodian.
Eligible Collateral means any one or any combination of the securities or other forms of collateral as described in Iowa Code section 12C.22, subsection 6, and acceptable to the treasurer. Cash shall be considered eligible collateral.
Eligible Collateral. (as defined in the Pledge Agreement); provided, however, that; (i) the value of the Borrower's assets transferred to the Lender following an Event of Default in satisfaction of the due and unpaid amount of the Loan shall not exceed the amount in default (without regard to amounts owing solely as a result of any acceleration of the Loan); (ii) the Borrower's assets shall be transferred to the Lender following an Event of Default only to the extent of the failure of the Borrower to meet the payment schedule of the Loan; and (iii) all rights of the Lender to the Common Stock purchased with the proceeds of the Loan covered by the Pledge Agreement following an Event of Default shall be governed by the terms of the Pledge Agreement.
Eligible Collateral means U.S. Government Obligations, Letters of Credit or Cash and Cash Equivalents, or any combination thereof.