Affected Collateral definition

Affected Collateral means any Collateral Asset with respect to which (i) the Administrative Agent fails for any reason to have a perfected security interest in accordance with the terms of the Security Agreement or (ii) any event has occurred that affects or impairs the rights and remedies of the Borrower with respect to such Collateral Asset.
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Affected Collateral shall have the meaning set forth in Section 9.1.5 hereof.
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Affected Collateral means any Collateral Item with a Postponed Collateral Maturity Date pursuant to General Condition 7.1.2 (Collateral Maturity Postponement Adjustment).
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Examples of Affected Collateral in a sentence

  • Where the Collateral Basket Product Supplement is specified to be applicable in the relevant Issue Terms, the Original Collateral will comprise separate Collateral Components and as such a Collateral Event may occur in respect of one or more Collateral Components, resulting in the partial redemption of each Collateral Basket Note to reflect the weighting of the Affected Collateral Component.

  • Such suspension shall relate to a proportion of each Note corresponding to such Note's pro rata share of the notional amount of the Affected Collateral Component to which such suspension relates.

  • The amount of proceeds of such sale or realisation of the Affected Collateral may be affected by various factors, including the liquidity of each Collateral Item.

  • In such circumstances, the partial redemption of each Note will reflect a portion of the weighting of each of the Additional Collateral so liquidated (not just the Affected Collateral Component).

  • The Disposal Agent may take such steps as it considers appropriate in order to effect an orderly sale of all or a portion of the Affected Collateral.

  • Such suspension shall relate to a proportion of each Note of the Series corresponding to such Note’s pro rata share of the notional amount of the Affected Collateral Component to which such suspension relates.

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  • Upon receipt of at least two (2) Bid Quotations on a Disposal Business Day, the Disposal Agent shall sell the relevant portion of Affected Collateral on behalf of the Issuer at the highest Bid Quotation received.

  • In addition, notwithstanding as aforesaid, any Collateral Default Exchange shall be subject to compliance with all relevant laws, regulations and directives, to the terms of the Affected Collateral Securities and the New Collateral Securities and to the Swap Counterparty paying any costs and expenses (including, without limitation, any stamp duty or other tax) payable in connection with such Collateral Default Exchange.

  • If the Disposal Agent is unable to obtain at least two (2) Bid Quotations on the Final Disposal Cut-Off Date in respect of a Required Portion of Affected Collateral, the Disposal Agent shall, if a single Bid Quotation is available on the Final Disposal Cut-Off Date, sell such relevant Required Portion of Affected Collateral on behalf of the Issuer at such Bid Quotation.


More Definitions of Affected Collateral

Affected Collateral means (a) with respect to any Event of Default under Section 10.01 with respect to a Loan, the Collateral securing such Loan or (b) with respect to any Event of Default under Sections 10.02 or 10.03, all Collateral.
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Affected Collateral means all such Collateral which has become repayable in accordance with the General Condition 7.3 or capable of being declared due and repayable prior to its stated maturity or in respect of which there is a payment default.
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Affected Collateral has the meaning set forth in Section 5.1(a) of the ------------------- Collateral Agency Agreement.
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Affected Collateral has the meaning set forth in Section 7 of this Agreement.
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Related to Affected Collateral

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

  • Posted Collateral means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(d)(ii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d)(ii) will constitute Posted Collateral in the form of Cash.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • 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.

  • UCC Collateral is defined in Section 3.03.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Shared Collateral means, at any time, Collateral in which the holders of Senior Obligations under at least one Senior Facility and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a security interest at such time (or, in the case of the Senior Facilities, are deemed pursuant to Article II to hold a security interest). If, at any time, any portion of the Senior Collateral under one or more Senior Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Collateral shall constitute Shared Collateral only with respect to the Second Priority Debt Facilities for which it constitutes Second Priority Collateral and shall not constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

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

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).

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

  • 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 Company 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.

  • Equivalent Collateral means, with respect to any security constituting Posted Collateral, a security of the same issuer and, as applicable, representing or having the same class, series, maturity, interest rate, principal amount or liquidation value and such other provisions as are necessary for that security and the security constituting Posted Collateral to be treated as equivalent in the market for such securities;

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • 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.

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.