Collateral Realization definition

Collateral Realization means (a) the sale, transfer, assignment or other disposition by the Secured Party of any Patent, Patent License, Copyright, Copyright License, Trademark, Trademark License or other License comprising a portion of the Collateral, or (b) the Secured Party taking and retaining possession of any Patent, Patent License, Copyright, Copyright License, Trademark, Trademark License or other License comprising a portion of the Collateral, in each case, following exercise by the Secured Party of its remedies hereunder.
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Collateral Realization has the meaning set out in Schedule "B";
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Examples of Collateral Realization in a sentence

  • Any net proceeds from such Firm Collateral Realization in excess of the amount necessary to satisfy such Excess Holdback requirement shall be distributed to such Partner or Withdrawn Partner.

  • Any net proceeds from such Firm Collateral Realization in excess of the amount necessary to satisfy such Excess Holdback requirement shall be distributed to such Member or Withdrawn Member.

  • Magna agrees to provide Newco, Newco II, RM Sub and RM's Lender (each a "Requesting Party") with the following qualification and registration rights with respect to the Magna Class A Shares held by them in connection with an RM Sub Exit, a 446 Exit or a Collateral Realization, as applicable (each a "Triggering Event").

  • Pledgor agrees that, if notice is required to be given by Applicable Law, (a) 10 days' advance written notice shall constitute reasonable notice and (b) such notice may be given prior to the Collateral Realization Date.

  • With respect to foreclosure against or other realization upon the Collateral ("Realization"), unless the Secured Credit Parties agree upon a single or coordinated Realization on all of the Collateral for the benefit of all of the Secured Lenders having a security interest in such Collateral (and no Secured Credit Party shall be required to so agree), then notwithstanding the foregoing provisions of Section 4.

Related to Collateral Realization

  • Collateral savings, as used in this clause, means those measurable net reductions resulting from a VECP in the agency's overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.

  • Collateral Event means that no Relevant Entity has credit ratings at least equal to the Approved Ratings Threshold.

  • Collateral has the meaning specified in the Granting Clause of the Indenture.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Collateral Records means books, records, ledger cards, files, correspondence, customer lists, blueprints, technical specifications, manuals, computer software, computer printouts, tapes, disks and related data processing software and similar items that at any time evidence or contain information relating to any of the Collateral or are otherwise necessary or helpful in the collection thereof or realization thereupon.