Collateral Pledge definition

Collateral Pledge means the pledge of or other grant of a Lien with respect to Collateral pursuant to this Indenture and the Collateral Documents to secure the obligations of the Company and the Guarantors under the Notes, the Guarantees, this Indenture and the Collateral Documents.

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Collateral Pledge means a first priority pledge over the operating account to be opened by the Additional Corporate Guarantor C with the Bank and/or the Agent in respect of the earnings of the Collateral Vessel C, executed or to be executed by the Additional Corporate Guarantor C in favour of the Bank and/or the Agent, as security of the obligations of the Additional Corporate Guarantor C under the Additional Corporate Guarantee C, such pledge to be released by the Bank at the request of the Additional Corporate Guarantor C and in its expense provided that the Security Value is in excess of the Minimum Value (as these terms are defined in the Original Loan Agreement;

Collateral Pledge has the meaning set forth in Section 2.8(a).

Examples of Collateral Pledge in a sentence

• The Agreement, as hereby amended, and the Note, are, and shall continue to be, secured by the Collateral Pledge Agreement.

• All amounts held by L/C Issuer in the Cash Collateral Account shall be held as security for the repayment of any L/C Reimbursement Obligation thereafter arising pursuant to the terms of the L/C Agreement(s) and the Cash Collateral Pledge Agreement.

• Borrower hereby acknowledges the receipt of a copy of the Agreement, the Note, the Collateral Pledge Agreement, this Amendment and all other Advance Documents.

• All references in the Note, the Collateral Pledge Agreement, and the other Credit Documents to “the Loan Agreement (Broker-Dealer VRDN Facility)”, and any other references of similar import shall henceforth mean the Agreement as amended by this Amendment.

• For any Loan Party (other than Parent) for which such Loan Party’s parent’s ownership interest is not evidenced by a certificate, allow such Subsidiary Guarantor to certificate such ownership interest without Agent’s (at direction for the Required Lenders) and Required Lenders’ prior written consent, which consent may be conditioned upon requiring such Subsidiary Guarantor to execute and deliver a Collateral Pledge Agreement satisfactory to Agent and Required Lenders.

• If, prior to the date of this Agreement, the Borrower and the Bank have entered into an Agreement for Advances and Security Agreement with Blanket Floating Lien (as amended) or an Advances, Specific Collateral Pledge and Security Agreement (each, a “Prior Agreement”), then this Agreement shall amend and restate the Prior Agreement in its entirety as the date hereof.

• Breach of this Agreement is an event of default of the Note and Collateral Pledge Agreement.

• All references in the Note, the Collateral Pledge Agreement, and the other Credit Documents to “the Loan Agreement” and any other references of similar import shall henceforth mean the Agreement as amended by this Amendment.

• Further, if such Mortgage Loan is an Additional Collateral Mortgage Loan, Servicer may release a portion of or all of the Additional Collateral related thereto provided that the release of such Additional Collateral is in accordance with the Additional Collateral Pledge Agreement.

• Each Loan Party has all requisite power and authority to execute and deliver this Loan Agreement and to perform its obligations hereunder, including without limitation, beginning on the Collateral Pledge Effective Date, to pledge and grant a security interest in the applicable Collateral as contemplated hereby.

More Definitions of Collateral Pledge

Collateral Pledge means the Collateral Assignment of Note, Loan Agreement, and the Deed of Trust, dated as of May 18, 1994, from Birchwood to the Security Agent, as amended by that certain Amended and Restated Collateral Assignment of Greenhouse Note, Loan Agreement and Mortgage, dated November 19, 1996 and as the same may be further amended, modified or supplemented from time to time.

Collateral Pledge means a pledge by the Corporation with respect to all assets, or any identified portion of the assets, released or to be released to the Corporation from the lien and pledge of any Prior Indenture pursuant to which the Corporation (i) pledges such assets as security for the Bonds when and as such assets are released from such Prior Indenture and delivered to, or upon the order of, the Corporation and (ii) agrees to deliver such assets upon their release from the Prior Indenture directly to the Trustee for deposit in the Revenue Fund and covenants to so deliver such assets or to take such steps as may be available to the Corporation to cause such assets to be so delivered to the Trustee; the specific assets to be included in a Collateral Pledge shall be identified in the Supplemental Indenture authorizing the issuance of Bonds.

Collateral Pledge means the first priority pledge made by the Operating Entity in favor of the Borrower pursuant to the terms of the Bareboat Charter in respect of the MDO Contract, the MDO Account and the insurances covering the Vessel, in the form attached to the Bareboat Charter;

Collateral Pledge is hereby amended (i) by inserting the phrase "as amended November 19, 1996, and" after the word "Agent,"; and (ii) by inserting the word "further" after the phrase "as the same may be".