Beneficial Interest Pledge Agreements definition

Beneficial Interest Pledge Agreements means, collectively, those certain Beneficial Interest Pledge Agreements, in the form attached hereto as Exhibit F, as each may be amended, modified or supplemented from time to time, entered into by Borrower (or its Wholly-Owned Subsidiary, if applicable), the applicable Owner Trustee, and Security Agent, whereby Borrower (or its Wholly-Owned Subsidiary, if applicable) pledges to Security Agent all of its right, title and interest in the Beneficial Interest under each applicable Trust Agreement.
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Beneficial Interest Pledge Agreements means, collectively, those certain Beneficial Interest Pledge Agreements, in the form attached hereto as Exhibit F, as each may be amended, modified or supplemented from time to time, entered into by Borrower (or its Wholly‑Owned Subsidiary, if applicable), the applicable Owner Trustee, and Security Agent, whereby Borrower (or its Wholly‑Owned Subsidiary, if applicable) pledges to Security Agent all of its right, title and interest in the Beneficial Interest under each applicable Trust Agreement.
Sample 1
Beneficial Interest Pledge Agreements means, collectively, those certain Beneficial Interest Pledge Agreements, in substantially the form attached hereto as Exhibit F with such modifications thereto approved by Administrative Agent in its reasonable discretion, as each may be amended, modified or supplemented from time to time, entered into by Borrower (or its Wholly-Owned Subsidiary, if applicable), the applicable Owner Trustee, and Security Agent, whereby Borrower (or its Wholly-Owned Subsidiary, if applicable) pledges to Security Agent all of its right, title and interest in the Beneficial Interest under each applicable Trust Agreement. “Beneficial Ownership Certification” means a certification regarding beneficial ownership or control as required by the Beneficial Ownership Regulation. “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230. “Benefit Plan” means, solely for purposes of Section 12.21, any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. “Books and Records” means all books, records, board minutes, contracts, licenses, insurance policies, environmental audits, business plans, files, accounting books and records, financial statements (actual and pro forma), and filings with Governmental Authorities. “Borrower” means Xxxxxx Lease Finance Corporation, a Delaware corporation. “Borrowing Availability” means, at any time, the lesser of (a) the Maximum Amount, or (b) the Borrowing Base. “Borrowing Base” means, at any time, an amount equal to the sum of the following (without duplication), as shall be determined by Administrative Agent based on the Borrowing Base Certificate most recently delivered by Borrower to Administrative Agent and on other information available to Administrative Agent: (a) [***] ([***]%) of the Net Book Value of Eligible Engines that have not been Off-Lease for a period of greater than 180 days as of the date of determination; plus (b) [***] percent ([***]%) of the Net Book Value of all other Eligible Engines; plus (c) [***] percent ([***]%) of the Net Book Value of Eligible Equipment that has not been Off-Lease for a period of greater than 180 days as of the date of determination; plus (d) [***] percent ([***]%) of the Net Book Value of all...
Sample 1

Examples of Beneficial Interest Pledge Agreements in a sentence

  • The Borrower, WLFC (Ireland) Limited, and each Owner Trustee as applicable shall have executed and delivered each other Loan Document required hereunder including, without limitation, the Security Agreement, the Share Pledge Agreement, the Mortgage, the Owner Trustee Mortgage(s), the Beneficial Interest Pledge Agreements and the WLFC (Ireland) Limited Security Assignments.


More Definitions of Beneficial Interest Pledge Agreements

Beneficial Interest Pledge Agreements means, collectively, those certain Beneficial Interest Pledge Agreements, in substantially the form attached hereto as Exhibit F with such modifications thereto approved by Administrative Agent in its reasonable discretion, as each may be amended, modified or supplemented from time to time, entered into by Borrower (or its Wholly-Owned Subsidiary, if applicable), the applicable Owner Trustee, and Security Agent, whereby Borrower (or its Wholly-Owned Subsidiary, if applicable) pledges to Security Agent all of its right, title and interest in the Beneficial Interest under each applicable Trust Agreement. -9-
Sample 1

Related to Beneficial Interest Pledge Agreements

  • Equity Pledge Agreement means that certain Equity Pledge Agreement, dated as of the Closing Date, by and between the Equityholder and the Collateral Agent.

  • U.S. Pledge Agreement shall have the meaning provided in Section 6.01(f).

  • Stock Pledge Agreement means a stock pledge agreement, in form and substance satisfactory to Agent, executed and delivered by each Borrower that owns Stock of a Subsidiary of Parent.

  • Global Intercompany Note means the global intercompany note substantially in the form of Exhibit G hereto.

  • Pledge Agreements means the Holdings Pledge Agreement, the Borrower Pledge Agreement and any other pledge agreement entered into after the Closing Date by any Credit Party (as required by the Agreement or any other Loan Document).

  • Canadian Pledge Agreement means that certain Canadian Pledge Agreement, dated as of the First Restatement Date, executed by the Loan Parties party thereto from time to time for the benefit of the Secured Parties.

  • Foreign Pledge Agreement means a pledge or charge agreement granting a Lien on Equity Interests in a Foreign Subsidiary to secure the Secured Obligations, governed by the law of the jurisdiction of organization of such Foreign Subsidiary and in form and substance reasonably satisfactory to the Administrative Agent.

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Security and Pledge Agreement shall have the meaning set forth in Section 4.01(c).

  • Proceeds Account Pledge Agreement means the pledge agreement entered into between the Issuer and the Agent on or prior to the First Issue Date in respect of a first priority pledge over the Proceeds Account and all funds held on the Proceeds Account from time to time, granted in favour of the Agent and the Bondholders (represented by the Agent).

  • Guarantor Security Agreement means any security agreement executed by any Guarantor in favor of Agent securing the Obligations or the Guaranty of such Guarantor, in form and substance satisfactory to Agent.

  • Pledge and Security Agreement means the Pledge and Security Agreement to be executed by Company and each Guarantor substantially in the form of Exhibit I, as it may be amended, supplemented or otherwise modified from time to time.