Other Collateral Sales Sample Clauses

Other Collateral Sales. If at any time the Exchangeable Notes are outstanding, the Issuer shall apply any Excess Collateral Proceeds in accordance with the Exchangeable Notes Indenture. If no Exchangeable Notes are outstanding and if the aggregate amount of Excess Collateral Proceeds in the Collateral Accounts at any time exceeds $10.0 million (i) the Issuer shall make a Collateral Offer, in accordance with the terms of the Indenture, to purchase Securities in an aggregate principal amount equal to the Excess Collateral Proceeds in the Notes Collateral Account, on the date such threshold is exceeded, at 100% of the principal amount thereof, plus accrued interest, if any, plus any Additional Amounts then due or which will become due as a result of the repurchase or otherwise, to the date of purchase and (ii) to the extent the Company or any Restricted Subsidiary is required by the terms of any Secured Indebtedness (other than the Notes), the Company or such Restricted Subsidiary shall prepay, repay, redeem or repurchase such Secured Indebtedness with Net Available Cash from the Additional Indebtedness Collateral Account.
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Related to Other Collateral Sales

  • Other Collateral The taking or accepting of any other security, collateral or guaranty, or other assurance of payment, for all or any part of the Guaranteed Obligations.

  • Proceeds of Collateral Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.

  • Loss of Collateral There occurs any uninsured loss to any material portion of the Collateral; or

  • Specific Collateral None of the Collateral is or is proceeds or products of farm products, as-extracted collateral, health-care-insurance receivables or timber to be cut.

  • Possessory Collateral Immediately upon Borrower’s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower’s attorney and agent-in-fact, to endorse or assign the same on Borrower’s behalf.

  • No Additional Collateral The Mortgage Note is not and has not been secured by any collateral except the lien of the corresponding Mortgage and the security interest of any applicable security agreement or chattel mortgage referred to in clause (j) above;

  • Disposition of Collateral Such Grantor will not sell, lease or otherwise dispose of the Collateral owned by it except for dispositions specifically permitted pursuant to Section 6.05 of the Credit Agreement.

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

  • No Collateral Notwithstanding any provision of this Confirmation, the Agreement, Equity Definitions, or any other agreement between the parties to the contrary, the obligations of Counterparty under the Transaction are not secured by any collateral.

  • Application of Proceeds from Collateral All proceeds from each sale of, or other realization upon, all or any part of the Collateral by any Secured Party after an Event of Default arises shall be applied as follows:

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