{"component": "definition", "props": {"groups": [{"samples": [{"hash": "a7gflrOH5D9", "uri": "/contracts/a7gflrOH5D9#collateral-trigger-date", "label": "Credit Agreement (LKQ Corp)", "score": 32.3401794434, "published": true}, {"hash": "bGr5P20RarR", "uri": "/contracts/bGr5P20RarR#collateral-trigger-date", "label": "Credit Agreement (LKQ Corp)", "score": 31.4558525085, "published": true}, {"hash": "8qAEJ7qIq44", "uri": "/contracts/8qAEJ7qIq44#collateral-trigger-date", "label": "Credit Agreement (LKQ Corp)", "score": 30.1608486176, "published": true}], "snippet": "means any date after the Original Effective Date on which all of the following events shall have occurred: (a) \u2587\u2587\u2587\u2587\u2587\u2019\u2587 has issued and maintained a rating for the Index Debt of Ba1 or lower (or changes its outlook to negative) or has ceased to issue a rating for the Index Debt and (b) S&P has issued and maintained a rating for the Index Debt of BB+ or lower (or changes its outlook to negative) 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Representative delivers a Compliance Certificate pursuant to Section 9.3. which shows that the Leverage Ratio is greater than 6.50 to 1.00 as of the end of the fiscal quarter of the Company most recently ended prior to such date or (y) such later date as the Administrative Agent shall reasonably determine.", "size": 4, "snippet_links": [{"key": "after-the-closing-date", "type": "clause", "offset": [19, 41]}, {"key": "the-borrower-representative", "type": "clause", "offset": [51, 78]}, {"key": "a-compliance-certificate", "type": "clause", "offset": [88, 112]}, {"key": "section-93", "type": "clause", "offset": [125, 136]}, {"key": "leverage-ratio", "type": "definition", "offset": [159, 173]}, {"key": "fiscal-quarters", "type": "definition", "offset": [240, 255]}, {"key": "the-parent", "type": "definition", "offset": [259, 269]}, {"key": "most-recently-ended", "type": "definition", "offset": [270, 289]}, {"key": "prior-to", "type": "definition", "offset": [290, 298]}, {"key": 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331]}, {"key": "second-limited-collateral-trigger-event", "type": "definition", "offset": [338, 377]}, {"key": "total-revolving-credit-outstandings", "type": "definition", "offset": [510, 545]}, {"key": "at-any-time", "type": "clause", "offset": [566, 577]}, {"key": "business-day", "type": "clause", "offset": [607, 619]}, {"key": "following-the", "type": "definition", "offset": [620, 633]}], "hash": "9ca5a0606a48abffb43eacdf2964966a", "id": 9}, {"samples": [{"hash": "hINk118D43i", "uri": "/contracts/hINk118D43i#collateral-trigger-date", "label": "Margin Loan Facility Agreement (E-House (China) Holdings LTD)", "score": 22.2470912933, "published": true}], "snippet": "has the meaning given to such term under paragraph (a) of Clause 18.2 (Top-up obligations).", "size": 3, "snippet_links": [], "hash": "c217d6d31cadb94bfdfe3056afe576f4", "id": 10}], "next_curs": 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<strong>Collateral Trigger Date</strong> shall terminate (the earlier of such date and the Collateral Release Date, the \u201cPrepayment Provisions Termination Date\u201d).", "On or after any Collateral Release Date, and so long as no Default or Event of Default is then continuing and no subsequent <strong>Collateral Trigger Date</strong> has occurred, the Administrative Agent shall, subject to the satisfaction of the requirements of Section 8.15.(b), promptly release all of (i) the Liens granted to the Administrative Agent pursuant to the requirements of Section 8.14.", "In the case of a Borrower Joinder Agreement entered into after the <strong>Collateral Trigger Date</strong>, the Administrative Agent shall in addition have received a supplement to the Perfection Certificate containing the information required by the Perfection Certificate with respect to such Subsidiary Borrower, dated as of the date of the applicable Borrower Joinder Agreement, together with all attachments contemplated by the Perfection Certificate.", "At any time subsequent to the Additional <strong>Collateral Trigger Date</strong> that Borrower acquires Property, Borrower shall comply with all the requirements of Section 5.1.23.2 and this Section 7.1.14 as if such Property had been acquired prior to the Additional <strong>Collateral Trigger Date</strong>.", "Notwithstanding anything to the contrary in Section 5.06, at any time after the <strong>Collateral Trigger Date</strong>, but not more than one time in any twelve month period following the <strong>Collateral Trigger Date</strong>, at the request of the Required Lenders, the Loan Parties will permit, upon reasonable notice, the Administrative Agent to conduct a field examination of the Collateral and related reporting and control systems.", "On or before the <strong>Collateral Trigger Date</strong>, the Administrative Agent shall have received from the Borrower and the Subsidiary Guarantors a completed and fully executed Perfection Certificate and the results of UCC searches (and the equivalent thereof in all applicable foreign jurisdictions) with respect to the Collateral, indicating no Liens other than Permitted Liens and otherwise in form and substance satisfactory to the Administrative Agent.", "Following the occurrence of any Collateral Release Date, the occurrence of a <strong>Collateral Trigger Date</strong>.", "Upon the occurrence of a <strong>Collateral Trigger Date</strong>, the Credit Documents shall be amended to incorporate and reference the Subsidiary Credit Parties throughout the Credit Documents, including the covenants, in each place where the Senior Credit Agreements as of the date hereof references the Borrowers, Subsidiary Credit Parties or Credit Parties, as applicable, and the Company and each of the Lenders hereby authorizes and directs the Agent on its behalf to enter into such amendment.", "For the avoidance of doubt, the initial determination of the Borrowing Base (and, if applicable, the Basin BB Amounts) after a <strong>Collateral Trigger Date</strong> and/or the initial determination of the Development Borrowing Base after a <strong>Collateral Trigger Date</strong> shall not constitute an Interim Redetermination, but any request to redetermine the Borrowing Base, the Basin BB Amounts and/or the Development Borrowing Base (except pursuant to Section 2.10(b)(i)) shall constitute an Interim Redetermination.", "Subsequent to the Additional <strong>Collateral Trigger Date</strong> and upon the recordation of the Mortgages, the Liens granted for the benefit of the Banks pursuant to the Mortgages will constitute valid first priority Lien under applicable law, subject only to Permitted Liens."], "related": [["ii-trigger-date", "ii) Trigger Date", "ii) Trigger Date"], ["collateral-event", "Collateral Event", "Collateral Event"], ["flip-in-trigger-date", "Flip-In Trigger Date", "Flip-In Trigger Date"], ["ratings-trigger-event", "Ratings Trigger Event", "Ratings Trigger Event"], ["cash-dominion-trigger-period", "Cash Dominion Trigger Period", "Cash Dominion Trigger Period"]], "related_snippets": [], "updated": "2026-04-01T04:22:47+00:00"}, "json": true, "cursor": ""}}