Bridge Collateral definition

Bridge Collateral means, collectively, (i) all Equipment, Real Property, Intangibles, Capital Stock of the Borrower and the Borrower’s restricted subsidiaries (other than excluded subsidiaries and certain other subsidiaries the Capital Stock of which is not required to be pledged pursuant to the terms of the Bridge Security Documents), Proprietary Rights Collateral, Specified Contract Rights, and Bridge Collateral Account, (ii) except to the extent included in the Collateral or Shared Collateral, all other goods and personal property of the Credit Parties, whether tangible or intangible, now owned or hereafter acquired by the Credit Parties or in which any Credit Party now has or hereafter acquires any rights and wherever located, (iii) the Bridge Proportionate Share of Business Interruption Proceeds and (iv) all Proceeds on or in respect of items (i), (ii) and (iii) above now existing or hereafter arising provided, however, that Bridge Collateral shall not include any property which the Bridge Agent has agreed will be excluded from Bridge Collateral.

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Bridge Collateral the right, title and interest of the Borrower (or any of its indirect or direct Subsidiaries) in (i) the Bridge Assets, (ii) the Equity Interests of any Subsidiary of the Borrower that owns any Bridge Assets so long as such Equity Interests are required to be pledged as security under the terms of the definitive documentation for the applicable Bridge Indebtedness, (iii) any beneficial ownership interests owned by the Borrower or any Subsidiary of the Borrower in a trust that owns any Bridge Assets so long as such beneficial ownership interests are required to be pledged as security under the terms of the definitive documentation for the applicable Bridge Indebtedness, (iv) any Equity Interests of any Subsidiary of the Borrower that leases any Bridge Assets from another Subsidiary of the Borrower so long as such pledged Subsidiary does not own any other material assets, (v) the Specified Leases (to the extent relating to the Bridge Assets), (vi) the Associated Collateral (to the extent relating to the Bridge Assets) and (vii) all proceeds of the foregoing.

Bridge Collateral means the Article 9 Collateral and the Pledged Collateral.

Examples of Bridge Collateral in a sentence

On the Closing Date, the Company and the Bridge Collateral Agent shall amend and restate the Bridge Security Agreement in the form attached hereto as Exhibit F(the “Amended Bridge Security Agreement”).
This Agreement is intended for the benefit of the parties hereto, the CAP Collateral Agent, the Bridge Collateral Agent and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.
For the avoidance of doubt, at the time of the release of the Lien as set forth in Section 5.13, the license granted to the Bridge Collateral Agent pursuant to this Section 4.03 shall automatically and immediately terminate.
The Bridge Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned.
The Bridge Collateral Agent shall be entitled to rely upon any written notices, statements, certificates, orders or other documents or any telephone message believed by it in good faith to be genuine and correct and to have been signed, sent or made by the proper person, and with respect to all matters pertaining to this Agreement or any of the other Transaction Documents and its duties hereunder or thereunder, upon advice of counsel selected by it.
Such resignation shall take effect upon the acceptance by a successor Bridge Collateral Agent of appointment pursuant to clauses (ii) and (iii) below or as otherwise provided below.
Each Grantor agrees to provide such information to the Bridge Collateral Agent promptly upon request.
Each Grantor hereby appoints the Bridge Collateral Agent the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Bridge Collateral Agent may deem necessary or advisable to accomplish the purposes hereof at any time after and during the continuance of an Event of Default, which appointment is irrevocable (until the Termination Date) and coupled with an interest.
Any execution and delivery of documents pursuant to this Section 5.13 shall be without recourse to or warranty by the Bridge Collateral Agent.
All distributions made by the Bridge Collateral Agent pursuant to this Section 4.02 shall be (subject to any decree of any court of competent jurisdiction) final (absent manifest error), and the Bridge Collateral Agent shall have no duty to inquire as to the application by the Administrative Agent of any amounts distributed to it.

More Definitions of Bridge Collateral

Bridge Collateral means "Oxford Pledged Collateral" as defined in the Bridge Credit Agreement; provided, however, that in all events Bridge Collateral shall not include proceeds of Bridge Collateral, if any, which constitute Management EBITDA, Net Operating Income or other ordinary course operating revenues or cash flow generated by or attributable to the use, ownership, operation, or management of the Bridge Collateral.