Debenture Collateral definition

Debenture Collateral means all the assets and undertakings of TransDigm UK which from time to time are subject of the security interest created or expressed to be created in favour of the UK Collateral Agent by or pursuant to the Debenture.

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Debenture Collateral means any collateral subject to a Lien in favor of the Debentures Representative for the benefit of the Debenture Holders, excluding any Shared Collateral.

Debenture Collateral means the security interest under the following agreements: (i) security agreement dated as of January 29, 2019, between the Company and Emmarentia Management Corp., (ii) security agreement dated as of January 29, 2019, between the Company and Plazacorp Investments Limited, (iii) security agreement dated as of January 29, 2019, between the Company and 770 MBMJ LLC, and (iv) security agreement dated as of January 29, 2019, between the Company and KW Capital Partners Ltd.;

Examples of Debenture Collateral in a sentence

• The relative priorities of the Liens of the holders and the Representatives in the Note Collateral and the Debenture Collateral, respectively, that does not constitute Shared Collateral, shall not be affected by this Agreement.

• Terms used in the foregoing definition of ARL Debenture Collateral, that are not otherwise defined therein, shall have the meanings provided in the Uniform Commercial Code as in effect in the State of Delaware.

• The purchaser, assignee, transferee or pledgee of the any Debenture, Collateral, or other Investment Document sold, assigned, transferred, pledged or repledged shall forthwith become vested with, and entitled to exercise, all powers and rights given by this Agreement to Holders, as if said purchaser, assignee, transferee or pledgee were originally named in this Agreement in place of the Holders.

• Upon the occurrence and during the continuation of an Event of Default and after acceleration by Holder, Holder shall thereafter be entitled to exercise all voting powers pertaining to the Med Subsidiaries Debenture Collateral.

• Such security interest in the ARL Debenture Collateral shall be evidenced by a security agreement, substantially in the form of EXHIBIT D attached hereto (the "ARL Security Agreement"), executed and delivered by ARL for the benefit of PIBL.

• The ARL Guaranty shall be secured by the ARL Debenture Collateral, as further described in the ARL Security Agreement.

• Pledgors will comply with all laws and regulations relating to the possession and control of the Med Subsidiaries Debenture Collateral and, in the event that Holder forecloses on the security interest granted to Holder under this Agreement, or under the Amendment Agreement or any other Modification Documents, Pledgors will cooperate with Holder in any foreclosure or private sale as may be required to sell or transfer the Med Subsidiaries Debenture Collateral.

• Each item of Med Subsidiaries Debenture Collateral is free of any restriction on transfer or assignment created by Pledgors, and Pledgors have the right to pledge the Med Subsidiaries Debenture Collateral to Holder without restriction.

• Any sale of the Med Subsidiaries Debenture Collateral conducted in conformity with reasonable commercial practices of banks, commercial finance companies, insurance companies or other financial institutions disposing of property similar to the Med Subsidiaries Debenture Collateral shall be deemed to be commercially reasonable.

• Holder may, in its own name or in the name of a designee or nominee, buy the Med Subsidiaries Debenture Collateral at any public sale and, if permitted by applicable law, buy the Med Subsidiaries Debenture Collateral at any private sale.

More Definitions of Debenture Collateral

Debenture Collateral means all the assets and undertakings of TransDigm UK Holdings plc which from time to time are subject of the security interest created or expressed to be created in favour of the UK Collateral Agent by or pursuant to the Debenture. “Definitive Note” has the meaning set forth in the Appendix hereto. “Default” means an event or condition the occurrence of which is, or with the lapse of time or the giving of notice or both would be, an Event of Default. “Description of Notes” means the “Description of the Notes” section of the Final Offering Memorandum. “Designated Non-cash Consideration” means any non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate executed by the principal executive officer and the principal financial officer of the Company or such Restricted Subsidiary at the time of such Asset Sale. Any particular item of Designated Non-cash Consideration will cease to be considered to be outstanding once it has been sold for cash or Cash Equivalents. “Designated Preferred Stock” means Preferred Stock that is so designated as Designated Preferred Stock, pursuant to an Officers’ Certificate executed by the principal executive officer and the principal financial officer of the Company, on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in clause (ii)(w) of the first paragraph of Section 4.07 hereof. “Disqualified Capital Stock” means, with respect to any Person, any Capital Stock which by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder) or upon the happening of any event, (i) matures or is mandatorily redeemable, (other than redeemable only for Capital Stock of such Person which is not itself Disqualified Capital Stock) pursuant to a sinking fund obligation or otherwise, (ii) is convertible or exchangeable at the option of the holder for Indebtedness or Disqualified Capital Stock, or (iii) is mandatorily redeemable or must be purchased upon the occurrence of certain events or otherwise, in whole or in part; in each case on or prior to the final maturity date of the Notes; provided, however, that any Capital Stock that would not constitute Disqualified Capital Stock but for provisions thereof giving holders thereof the right to require such Person to purchase or redeem ...

Debenture Collateral means all property pledged or granted as collateral pursuant to the Debenture, including the Oil Sands Leases.

Debenture Collateral shall have the meaning set forth in Section 3. "Debenture Purchase and Subordination Agreement" means that certain Debenture Purchase and Subordination Agreement entered into by TEGCO, PIBL and Med, as of the Closing Date, pursuant to which TEGCO is purchasing the Transferred Debenture from PIBL upon the terms and conditions set forth therein.

Debenture Collateral means, jointly, (i) Azul Viagens Quotas Fiduciary Collateral; (ii) the IP Co Shares Collateral; (iii) the IP Holdco Shares Collateral; (iv) the IntelAzul Shares Fiduciary Collateral; (v) the Intercompany Loans Fiduciary Collateral; (vi) the Azul Viagens Credit Rights Fiduciary Collateral; (vii) the Azul Fidelidade Credit Rights Fiduciary Collateral; (viii) the Intellectual Property Rights Collateral – Brazilian Assets; (ix) the BRL Credit Rights’ Collateral Accounts; (x) the Viracopos Hangar Fiduciary Collateral; (xi) the Azul Cargo Collateral; (xii) the Sureties; (xiii) the Guarantees; and (xiv) Foreign Collateral.