Collateralization Date definition

Collateralization Date means the first date, if any, following a Collateral and Guarantor Release Date, on which either (a) the Applicable Percentage is based on "Pricing Level III", "Pricing Level IV" or "Pricing Level V" or (b) any Subsidiary of Airgas guarantees Airgas' obligations under the Medium Term Note Indenture (or the Medium Term Notes) or any Junior Financing Documentation (it being understood that a Collateralization Date may occur more than once during the term of this Credit Agreement).
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Collateralization Date means the date which is the earlier of (x) the closing of the Term Loan, or (y) February 26, 1999 (or such later date as the LC Agent, acting at the direction of the Required LC Lenders, may agree upon in writing).
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Collateralization Date means the date that all conditions precedent set forth in Section 6.12 have been satisfied."
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Examples of Collateralization Date in a sentence

  • In the event that the Borrower is deemed to have requested a Borrowing of Base Rate Loans on the L/C Cash Collateralization Date, the Borrower hereby authorizes the L/C Issuer and the Administrative Agent to deposit the proceeds of such borrowing directly into a deposit account with the Administrative Agent in order the Cash Collateralize the L/C Obligations.

  • No Extended Expiration Letter of Credit may be issued after the Stated Cash Collateralization Date.

  • The funding by a Lender of its Applicable Percentage of such Base Rate Committed Loan or such L/C Advance, as applicable, to Cash Collateralize the outstanding L/C Obligations on the Mandatory Cash Collateralization Date shall be deemed payment by such Lender in respect of its participation interest in such L/C Obligations.

  • In addition, and without limiting the foregoing or clause (d) of this Section 2.03, if any L/C Obligations remain outstanding after the expiration date specified in said clause (d) or on any L/C Cash Collateralization Date, the Borrower shall immediately deposit into the Collateral Account an amount in cash equal to the Minimum Collateral Amount as of such date plus any accrued and unpaid interest thereon.

  • The funding by a Revolving Lender of its Applicable Revolving Percentage of such Base Rate Revolving Loan or such L/C Advance, as applicable, to Cash Collateralize the outstanding L/C Obligations on the Mandatory Cash Collateralization Date shall be deemed payment by such Revolving Lender in respect of its participation interest in such L/C Obligations.

  • On or after the Collateralization Date, the Borrower shall make such payment by depositing the Release Price into the Collection Account in immediately available funds.

  • Upon such deposit of Eligible Collateral being made into the Collateral Account on the applicable Voluntary Collateralization Date, the Applicable Rate for each Letter of Credit that is Fully Collateralized as a result of such deposit shall be immediately decreased to the applicable rate set out in clause (ii) of the definition of Applicable Rate effective as of such Voluntary Collateralization Date.

  • The Servicer shall cause to be established, on or before the Collateralization Date, and thereafter maintain in the name of the Deal Agent, as agent for the Secured Parties, with a Qualified Institution, the Collection Account over which, on or after the Collateralization Date, the Deal Agent shall have sole dominion and control and from which neither Santander Consumer nor the Borrower shall have any right of withdrawal.

  • Notwithstanding the foregoing subparagraphs (ii), (iii) and (iv), the Lender agrees that, until the Collateralization Date, the Lender shall, with respect to the Approved Hotel Facilities, rely solely on the due diligence to be performed by the underwriters and their counsel in connection with the proposed offering of up to 13,800,000 common shares of beneficial interest of the Borrower.

  • On and after the ---------------------------------- Collateralization Date, the Borrower shall maintain during each Fiscal Quarter the Loan to Value Requirement.


More Definitions of Collateralization Date

Collateralization Date means (a) initially, the earlier of (i) the date on which the Company's Leverage Ratio first exceeds 1.50 to 1 or (ii) the fifteenth day following the occurrence of any Event of Default which has not either been cured or waived in writing by the Administrative Agent and all of the Lenders; and (b) if one or more Collateralization Dates have occurred and the collateral has been subsequently released pursuant to CLAUSE (e) of SECTION 7.13, the earlier of (i) the first date after such release on which the Company's Leverage Ratio exceeds 1.50 to 1 or (ii) the fifteenth day following the occurrence of any Event of Default which arises after such release and which has not either been cured or waived in writing by the Administrative Agent and all of the Lenders.
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Collateralization Date has the meaning specified in Section 3.2. ----------------------
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Collateralization Date means the earlier to occur of (i) the date specified by the Deal Agent in the Servicer Termination Notice or otherwise specified by the Deal Agent in writing to the Borrower on or after receipt by the Servicer of a Servicer Termination Notice or (ii) the date of the declaration or automatic occurrence of the Termination Date pursuant to Section 8.01(b) following the occurrence of a Termination Event.
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Collateralization Date is defined in Section 6.23.
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Related to Collateralization Date

  • Cash Collateralization has a correlative meaning.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Bank Product Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations).

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement.

  • Credit Obligations means all principal, interest, fees, reimbursements, indemnifications, and other amounts now or hereafter owed by the Borrower to the Agent and the Banks (or with respect to the Interest Hedge Agreements, any Affiliates of the Banks) under this Agreement, the Notes, the Letter of Credit Documents, and the other Credit Documents and any increases, extensions, and rearrangements of those obligations under any amendments, supplements, and other modifications of the documents and agreements creating those obligations.