Collateral Agent Claim definition

Collateral Agent Claim as defined in Section 10.33(a).

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Collateral Agent Claim means any amount which a Loan Party owes to the Collateral Agent under this clause; and

Collateral Agent Claim has the meaning given to it in paragraph (b) below.

Examples of Collateral Agent Claim in a sentence

For the purposes of Belarusian law, the Collateral Agent is the joint and several creditor with each other Secured Party in respect of each Secured Party Claim, having an independent right to demand and enforce payment of each Collateral Agent Claim on the terms set out in clauses (v) to (xii) below.
For the purposes of Belarusian law, each Notes Collateral Agent is the joint and several creditor with each other First Lien Notes Secured Party in respect of each Secured Party Claim, having an independent right to demand and enforce payment of each Notes Collateral Agent Claim on the terms set out in clauses (v) to (xii) below.
Such undertaking shall constitute an own independent right of such Collateral Agent to demand and receive payment of the Collateral Agent Claim.
Upon and after the full and irrevocable payment of the Collateral Agent Claim, the Collateral Agent Secured Parties shall release and discharge all of their Liens on Collateral following receipt of a request by GECC or GE Capital Canada or its Receiver and upon the sale or other disposition of such Collateral by GECC or GE Capital Canada, as applicable, or its Receiver.
With respect to any Proceeds of insurance relating to Collateral Agent Senior Collateral after full and irrevocable payment of the Collateral Agent Claim, including, without limitation, all collection, enforcement and legal expenses, any remaining Proceeds shall be promptly paid in accordance with Section 2.2.
Collateral Agent shall deliver to GECC or GE Capital Canada or if they otherwise jointly direct, then in the manner so directed, all Pledged Share Documents held by Collateral Agent upon payment in full of the Collateral Agent Claim.

More Definitions of Collateral Agent Claim

Collateral Agent Claim as defined in Section 10.33(a). “Collateral Documents” means the Second Amended and Restated Pledge and Security Agreement, the Canadian Pledge and Security Agreement, the Barbados Security Documents, the U.S. Mortgages, the Canadian Mortgages, the Quebec Security Documents, the Luxembourg Security Documents, the Swiss Security Documents, the Intellectual Property Security Agreements and all other instruments, documents and agreements delivered by or on behalf or at the request of any Credit Party pursuant to this Agreement, the Original Credit Agreement, the First Amended and Restated Credit Agreement, the Second Amended and Restated Credit Agreement or any of the other Credit Documents in order to grant to, or perfect, preserve or protect in favor of, Collateral Agent, for the benefit of Secured Parties, a Lien on any real, personal or mixed property of that Credit Party as security for the Obligations or to protect or preserve the interest of the Collateral Agent or the Secured Parties therein. “Collateral Questionnaire” means a certificate substantially in the form of Exhibit M. “Commitment” means any Revolving Commitment or Term Loan Commitment. “Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit C. “Consolidated Adjusted EBITDA” means, for any period, an amount determined for Borrower and its Subsidiaries on a consolidated basis equal to Consolidated Net Income for such period, plus, (i) to the extent deducted in determining Consolidated Net Income for such period, the sum, without duplication of amounts for: (a) Consolidated Interest Expense; (b) provisions for taxes based on income; (c) total depreciation expense; (d) total amortization expense; (e) fees and expenses incurred in connection with the Transactions or the 2010 Transactions; (f) extraordinary, unusual or non-recurring expenses or charges (including costs of, and payments of, litigation expenses, actual or prospective legal settlements, fines, judgments or orders); provided that in the case of costs of, and payments of, litigation expenses, actual or prospective legal settlements, fines, judgments or orders added back to Consolidated Adjusted EBITDA pursuant to this clause (f), such amount shall not exceed $500,000,000 in any twelve month period, of which no more than $250,000,000 may pertain to any such costs, payments, expenses, settlements, fines, judgments or orders, in each case, arising out of any actual or potential claim, investigation, li...

Collateral Agent Claim means all obligations and liabilities of THC, Sport Maska Inc. and the other Debtors that are party to the Indenture, to the Collateral Agent Secured Parties pursuant to the Collateral Agency Agreement, the Indenture and the Senior Notes, including, without limitation, all sums loaned or disbursed to or for the benefit of THC and Sport Maska Inc. at any time, all interest and fees with respect thereto, and all costs of collection or enforcement, including legal expenses and all amounts due under, and obligations owing in respect of, guarantees given by the Debtors to the Collateral Agent Secured Parties.