Collateral Period definition

Collateral Period means any period from and including the first day when the Debt Rating is lower than BBB- by S&P or Baa3 by Moody's to but excluding the first day when the Debt Rating is BBB (stable outlook) or higher by S&P and Baa2 (stable outlook) or higher by Moody's.

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Collateral Period means any period after the Second Amendment Effective Date commencing on the occurrence of a Collateral Trigger Date and ending on the Collateral Release Date.

Collateral Period means any period after the Covenant Relief Pledged Collateral Release Date commencing on the occurrence of a Collateral Trigger Date and ending on the Collateral Release Date subsequent to such Collateral Trigger Date.

Examples of Collateral Period in a sentence

• If a Collateral Period is in effect, the provisions of the Security Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein.

• During any Collateral Period, enter into any Hedging Agreement, except (i) to hedge risks arising in the Ordinary Course of Business and not for speculative purposes and (ii) Permitted Call Spread Swap Agreements.

• Except for filings completed on or prior to the Closing Date and as contemplated hereby and by the Security Documents, if a Collateral Period is in effect no filing or other action will be necessary to perfect or protect such Liens to the extent perfection thereof is required by the Security Documents.

More Definitions of Collateral Period

Collateral Period means any period during which a Collateral Release Period is not in effect.

Collateral Period means the period commencing on the Initial Collateral Delivery Date and to and through, and ending on, the Collateral Release Date.

Collateral Period means the period after the Effective Date commencing on the Collateral Trigger Date and ending on the Collateral Release Date (if any).

Collateral Period means (a) the period commencing with the Closing Date and ending with the occurrence of a Collateral Release Event and (b) any period commencing with a Collateral Trigger Event and ending with the occurrence of a Collateral Release Event. For the avoidance of doubt, any subsequent occurrence of a Collateral Trigger Event after a Collateral Release Event shall initiate a new Collateral Period.

Collateral Period means any period after the Effective Date commencing on the occurrence of a Collateral Trigger Date and ending on the Collateral Release Date subsequent to such Collateral Trigger Date.

Collateral Period means the period beginning upon the occurrence of the Collateral Trigger Event and ending when the Collateral Release Event occurs.

Collateral Period means the period in time from a Collateral Effective Date until a subsequent Collateral Termination Date.