Collateral Deliverables definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Collateral Deliverables means the Pledged Collateral Deliverables and the Mortgage Collateral Deliverables.

Collateral Deliverables means the Pledged Collateral Deliverables and the Mortgage Collateral Deliverables.>

Examples of Collateral Deliverables in a sentence

Within 45 days after receipt by the Borrower of a Conditional Approval Notice (which period may be extended in the discretion of the Administrative Agent, at the Borrower’s request, for an additional 30 days without the approval of the Required Lenders), the Borrower shall, at its expense, deliver (or cause to be delivered) to the Administrative Agent all applicable Collateral Deliverables and Guarantor Deliverables.
Notwithstanding the foregoing, if the Arrangers, in consultation with the Required Lenders, are reasonably satisfied that the record owner and lien searches for a Borrowing Base Asset confirm fee and leasehold ownership thereof in the proper Loan Parties and show no Liens of record other than Permitted Liens, the Arrangers may waive the requirement in subsection (d)(ii) of the definition of Collateral Deliverables that the Borrower provide a Mortgage Policy for such Borrowing Base Asset.
Within ten (10) Business Days after receipt of a complete BBA Proposal Package, the Administrative Agent shall give notice to the Borrower of whether the Administrative Agent and the Required Lenders have approved such Proposed Borrowing Base Asset as a Borrowing Base Asset subject to the delivery of all applicable Collateral Deliverables and Guarantor Deliverables pursuant to the following sentence (any such notice comprising an approval, a “Conditional Approval Notice”).
Within fifteen (15) Business Days after receipt of a complete BBA Proposal Package, the Administrative Agent shall give notice to the Borrower of whether the Administrative Agent and the Required Lenders have approved such Proposed Borrowing Base Asset as a Borrowing Base Asset subject to the delivery of all applicable Collateral Deliverables and Guarantor Deliverables pursuant to the following sentence (any such notice comprising an approval, a “Conditional Approval Notice”).
Provided that the Proposed Unencumbered Asset satisfies the Unencumbered Asset Pool Conditions and the Borrower, at its expense, delivers all applicable Guarantor Deliverables and Collateral Deliverables, the Proposed Unencumbered Asset shall be deemed added as an Unencumbered Asset to the Unencumbered Asset Pool.
Within ten (10) Business Days after receipt of a complete BBA Proposal Package, the Administrative Agent shall give notice to the Borrower of whether the Administrative Agent and the Requisite Lenders have approved such Proposed Borrowing Base Asset as a Borrowing Base Asset subject to the delivery of all applicable Collateral Deliverables and Guarantor Deliverables pursuant to the following sentence (any such notice comprising an approval, a “Conditional Approval Notice”).
Within forty five (45) days after receipt by Borrower of a Conditional Approval Notice (which period may be extended in the discretion of the Administrative Agent, at Borrower’s request, for an additional thirty (30) days without the approval of the Requisite Lenders), Borrower shall, at its expense, deliver (or cause to be delivered) to the Administrative Agent all applicable Collateral Deliverables and Guarantor Deliverables.
For the avoidance of doubt, the grace period for delivery of the Collateral Deliverables set forth in the first proviso in Section 6.7B shall not apply to the satisfaction of the conditions in this Section 4.2C.
Within ten (10) Business Days after receipt of a complete BBA Proposal Package, the Administrative Agent shall give notice to the Borrower of whether the Administrative Agent and the Supermajority Lenders have approved such Proposed Borrowing Base Asset as a Borrowing Base Asset subject to the delivery of all applicable Collateral Deliverables and Guarantor Deliverables pursuant to the following sentence (any such notice comprising an approval, a “Conditional Approval Notice”).
Within forty-five (45) days after receipt by the Borrower of a Conditional Approval Notice (which period may be extended in the discretion of the Administrative Agent, at the Borrower’s request, for an additional thirty (30) days without the approval of the Requisite Lenders), the Borrower shall, at its expense, deliver (or cause to be delivered) to the Collateral Agent, the Administrative Agent and the Bank of America Agent all applicable Collateral Deliverables and Guarantor Deliverables.

More Definitions of Collateral Deliverables

Collateral Deliverables means, with respect to any Pledged Equity, (a) the results of a search of the UCC (or equivalent) filings made with respect to the applicable Loan Parties and, if requested by the Administrative Agent, copies of the financing statements (or similar documents) disclosed by such search and evidence reasonably satisfactory to the Administrative Agent that the Liens indicated by such financing statements (or similar documents) are permitted by Section 7.1 of this Agreement, or have been or will be released contemporaneously with, in connection with the Initial Pledged Equity, the effectiveness of the Security Agreement or, in connection with any other Pledged Equity, the creation and perfection of the security interest in such Pledged Equity in favor of the Administrative Agent, (b) certificates evidencing all of such Pledged Equity that is represented by certificates and stock powers and membership interest powers (as the case may be) with respect thereto executed in blank, all in form and substance reasonably acceptable to the Administrative Agent, (c) with respect to such Pledged Equity that constitutes an uncertificated security, a Transaction Statement confirming that the issuer of such Pledged Equity will comply with instructions with respect to such security originated by the Administrative Agent without further consent or approval, (d) proper financing statements in form appropriate for filing under the Uniform Commercial Code of all jurisdictions that the Administrative Agent may deem reasonably necessary or desirable in order to perfect and protect the first priority liens and security interests created under the Security Agreement and evidence of the completion of all other recordings, filings and other actions with respect to the Security Agreement that the Administrative Agent may deem necessary or desirable in order to perfect and protect the security interest created thereunder and (e) favorable opinions of counsel to the applicable Loan Parties as to such matters as the Administrative Agent may reasonably request, including, without limitation, as to corporate formalities and creation and perfection of the security interest in such Pledged Equity in favor of the Administrative Agent, in form and substance reasonably satisfactory to the Administrative Agent.

Collateral Deliverables means, with respect to each Unencumbered Asset during such period that Collateral is required hereunder, the following items, each in form and substance satisfactory to the Administrative Agent in its reasonable discretion: (a) Solely to the extent that the Proposed Pledged Interests are certificated, the original certificates evidencing such Proposed Pledged Interests and stock powers and membership interest powers (as the case may be) with respect thereto executed in blank, all in form and substance reasonably acceptable to the Administrative Agent; (b) Solely to the extent that the Proposed Pledged Interests are uncertificated securities, evidence that the Pledgor of such Proposed Pledged Interests has complied with Section 4.2 of the Pledge Agreement with respect to such uncertificated Proposed Pledged Interests;

Collateral Deliverables means the following items, each in form and substance satisfactory to the Administrative Agent (unless otherwise specified) in sufficient copies for each Lender: