Collateral Suspension Date definition

Collateral Suspension Date has the meaning assigned to such term in Section 9.16(a).

Collateral Suspension Date means the first date following the Effective Date or any Collateral Reinstatement Date on which: (i) at least one of the Corporate Ratings is an Investment Grade Rating, (ii) no Default or Event of Default has occurred and is continuing under this Agreement, (iii) no Indebtedness secured by Liens on the Collateral permitted by Section 6.02(v) is outstanding (unless the Liens securing such Indebtedness are contemporaneously released) and (iv) a Responsible Officer of the Borrower Agent has delivered an officer’s certificate to the Administrative Agent that (1) certifies to the satisfaction or concurrent satisfaction of the foregoing and (2) requests the Administrative Agent to take any reasonably requested actions to evidence such release of Collateral in accordance with the second sentence under Section 5.11(a).

Collateral Suspension Date as defined in Section 7.9(f).

Examples of Collateral Suspension Date in a sentence

• On any such Collateral Suspension Date, the Borrower and each other Loan Party shall be authorized and the Collateral Agent hereby authorizes the Borrower and each other Loan Party, to prepare and record UCC termination statements, PTO termination of assignment filings, or other analogous documents and filings with respect to any financing statements or collateral assignments recorded by the Collateral Agent under the Collateral Documents.

• On any such Collateral Suspension Date, Holdings and each other Loan Party shall be authorized and the Collateral Agent hereby authorizes Holdings and each other Loan Party, to prepare and record UCC termination statements, termination of assignment filings with respect to intellectual property constituting Collateral, or other analogous documents and filings with respect to any financing statements or collateral assignments recorded by the Collateral Agent under the Security Documents.

• At the request and sole expense of the Parent following the Collateral Suspension Date, the Administrative Agent shall deliver to the Parent any Collateral (including certificates representing any Pledged Equity described in the Security Agreement) held by the Administrative Agent pursuant to the Collateral Documents, and execute and deliver to the Parent and the other Loan Parties such documents as the Parent shall reasonably request to evidence such termination.

• Upon the occurrence of a Collateral Suspension Date, the Lenders hereby authorize the Collateral Agent on behalf of all of the Lenders, without the necessity of any notice to or further consent from any Lender, to take any action which may be necessary to release the Liens on Collateral and terminate the Security Documents.

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More Definitions of Collateral Suspension Date

Collateral Suspension Date means the date on which: (i) at least two of the Borrower’s Corporate Ratings are Investment Grade Ratings, (ii) no Default or Event of Default has occurred and is continuing under this Agreement, (iii) no Indebtedness secured by Liens permitted by Section 6.02(z) is outstanding (unless contemporaneously released) and (iv) a Responsible Officer of the Borrower delivers an officer’s certificate to the Administrative Agent that (1) certifies to the satisfaction or concurrent satisfaction of the foregoing and (2) requests the Administrative Agent to release the Collateral in accordance with the second sentence under Section 5.12(a).

Collateral Suspension Date means the first date following the Restatement Effective Date or any Collateral Reinstatement Date on which: (i) each of the Corporate Ratings is an Investment Grade Rating, (ii) no Default or Event of Default has occurred and is continuing under this Agreement and (iii) a Responsible Officer of the Company has delivered an officer’s certificate to the Administrative Agent that (1) certifies to the satisfaction or concurrent satisfaction of the foregoing and (2) requests the Collateral Agent to take any reasonably requested actions to evidence such release of Collateral in accordance with the second sentence under Section 5.11(a).

Collateral Suspension Date means the date on which: (i) no Default or Event of Default exists, (ii) each of the Borrower’s corporate family rating from Moody’s and corporate credit rating from S&P is an Investment Grade Rating as of such date, (iii) in the case of any Pari Passu Indebtedness, (x) all Liens securing such Indebtedness shall have been released or (y) to the extent that any such Liens are not released, the Borrower would be permitted to incur such Indebtedness under Section 6.01(e) (and thereafter such Indebtedness shall be deemed to be Priority Indebtedness) and (iv) a Financial Officer or other executive officer of the Borrower delivers an officer’s certificate to the Administrative Agent and the Collateral Agent that (a) certifies to the satisfaction or concurrent satisfaction of the foregoing and (b) directs the Collateral Agent to release the Collateral securing the Obligations (including, without limitation, Cash Management Obligations and Specified Swap Agreements) in accordance with the second sentence under Section 5.10(a).

Collateral Suspension Date means the date on which: (i) no Default or Event of Default exists, (ii) each of the Borrower’s corporate family rating from Xxxxx’x and corporate credit rating from S&P is an Investment Grade Rating as of such date, (iii) any or all of the Liens granted or purported to be granted on the Collateral securing the Secured Hedge Agreements and the Secured Cash Management Agreements are concurrently released to the same extent that such Liens on such Collateral securing the other Obligations are released and (iv) a Responsible Officer of the Borrower delivers an officer’s certificate to the Administrative Agent and the Collateral Agent that (1) certifies to the satisfaction or concurrent satisfaction of the foregoing and (2) directs the Collateral Agent to release the Collateral in accordance with the second sentence under Section 6.18(a).

Collateral Suspension Date is defined in Section 1.6.

Collateral Suspension Date means the date on which: (i) no Default or Event of Default exists, (ii) each of the Borrower’s corporate family rating from Moody’s and corporate credit rating from S&P is an Investment Grade Rating as of such date, (iii) any or all of the Liens granted or purported to be granted on the Collateral securing the Secured Hedge Agreements and the Secured Cash Management Agreements are concurrently released to the same extent that such Liens on such Collateral securing the other Obligations are released and (iv) a Responsible Officer of the Borrower delivers an officer’s certificate to the Administrative Agent and the Collateral Agent that (1) certifies to the satisfaction or concurrent satisfaction of the foregoing and (2) directs the Collateral Agent to release the Collateral in accordance with the second sentence under S ection 6.18(a).

Collateral Suspension Date means the first date following the Restatement Effective Date or any Collateral Reinstatement Date on which: (i) either of the Corporate Ratings is an Investment Grade Rating, (ii) no Default or Event of Default has occurred and is continuing under this Agreement, (iii) no Indebtedness secured by Liens permitted by Section 6.02(v) is outstanding (unless contemporaneously released) and (iv) a Responsible Officer of the Borrower has delivered an officer’s certificate to the Administrative Agent that (1) certifies to the satisfaction or concurrent satisfaction of the foregoing and (2) requests the Collateral Agent to take any reasonably requested actions to evidence such release of Collateral in accordance with the second sentence under Section 5.11(a).