Collateral Election definition
Collateral Election is defined in paragraph 5I.
Collateral Election means an election by the Investor under clause 5.2(e) or 6.3(d);
Collateral Election has the meaning set forth in Section 6.09.
Examples of Collateral Election in a sentence
Notwithstanding the foregoing, so long as no (i) Default has occurred or is continuing and (ii) the Borrower has revoked its applicable collateral election under the Senior Notes, the Borrower may revoke the Collateral Election with respect to the applicable Security Agreement(s) and, at the expense of the Borrower, the Agent shall deliver such releases as are necessary to evidence the termination of the applicable Liens.
The Borrower may make the Collateral Election at any time with respect to any Security Agreement.
More Definitions of Collateral Election
Collateral Election means the election of the Liquidation Trustee with respect to
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