Collateral Reinstatement Date definition

Collateral Reinstatement Date has the meaning specified in Section 7.10(d).
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Collateral Reinstatement Date means the date that a Collateral Reinstatement occurs. “Collateral Release” has the meaning specified in Section 7.14(b).
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Collateral Reinstatement Date shall have the meaning provided in Section 9.17(b). “Collateral Reversion Date” shall have the meaning provided in Section 9.17(b). “Collateral Suspension Event” has occurred at any time after the Eleventh Amendment Effective Date that (i) at least two Rating Agencies assign an Investment Grade Rating to the Borrower’s senior unsecured long-term debt securities, (ii) no Term Loans are then-outstanding or the Term Loan Lenders have agreed to release their security interests in the Collateral in accordance with the terms of this Agreement and (iii) no 2022 Non-Extended Revolving Credit Loans are then-outstanding, all 2022 Non-Extended Revolving Credit Commitments have been terminated and all Revolving Letters of Credit issued by Deutsche Bank (or an Affiliate thereof) have been Cash Collateralized or Backstopped pursuant to the terms of this Agreement (or the 2022 Non-Extended Revolving Credit Lenders have agreed to release their security interests in the Collateral in accordance with the terms of this Agreement).
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Examples of Collateral Reinstatement Date in a sentence

  • To the extent a Collateral Reinstatement has occurred, set forth on Schedule 6.20(a) is a list of all real property with an estimated value greater than $1,000,000 located in the United States that is owned or leased by the Loan Parties as of the Collateral Reinstatement Date.

  • All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith (other than the Specified Representations prior to the Collateral Reinstatement Date, if such event occurs) shall survive the execution and delivery hereof and thereof.

  • All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith (other than the Specified Representations following the Collateral Release, if such event occurs, and prior to the Collateral Reinstatement Date, if such event occurs) shall survive the execution and delivery hereof and thereof.

  • Except (i) during a Collateral Suspension Period and (ii) following a Ratings Downgrade and before the applicable Collateral Reinstatement Date, the Parent and the Borrower shall not permit the ratio of (x) the aggregate amount of outstanding Term Loans on such date to (y) Designated Eligible Property Asset Value to exceed 0.60 to 1.00 at any time (the “Maximum Loan to Designated Eligible Property Asset Value Ratio”).

  • Except (i) during a Collateral Suspension Period and (ii) following a Ratings Downgrade and before the applicable Collateral Reinstatement Date, the Parent and the Borrower shall not permit (x) Designated Eligible Property Adjusted NOI divided by (y) the aggregate amount of outstanding Term Loans on such date to be less than 11.50% at any time (the “Minimum Designated Eligible Property Debt Yield”).

  • To the extent a Collateral Reinstatement has occurred, except as set forth on Schedule 6.20(c), no Loan Party has during the five years preceding the Collateral Reinstatement Date (i) changed its legal name, (ii) changed its state of formation, or (iii) been party to a merger, consolidation or other similar change in structure.

  • As of the applicable Collateral Reinstatement Date (if such date has occurred), none of the IP Rights owned by any of the Loan Parties or any of its Subsidiaries is subject to any licensing agreement or similar arrangement except as set forth on Schedule 6.17.


More Definitions of Collateral Reinstatement Date

Collateral Reinstatement Date means the first date after any Collateral Release Date on which any of Moody’s, Fitch or S&P shall downgrade the corporate rating or corporate family rating of the Company below Baa3 by Moody’s or BBB- by Fitch, Inc. or S&P.
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Collateral Reinstatement Date means the first date after any Collateral Release Date on which any of Xxxxx’x, Fitch or S&P shall downgrade the corporate rating or corporate family rating of the Company below Baa3 by Xxxxx’x or BBB- by Fitch, Inc. or S&P.
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Related to Collateral Reinstatement Date

  • Collateral Release Date shall have the meaning provided in Section 10.15(d).

  • Collateral Release Period means each period commencing with the occurrence of a Collateral Release Event and continuing until the occurrence of the next Collateral Reinstatement Event, if any, immediately following such Collateral Release Event.

  • Collateral Charge-Offs shall have the meaning specified in subsection 4.06(c).

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.