Examples of Designated Collateral in a sentence
As between the Senior Secured Parties, the Designated Collateral Agent (acting at the direction of the Designated Senior Representative) shall have the right, but no obligation, to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.
The polymer was purified by dialysis against deionized water using Spectra/Por cellulose ester dialysis membranes (Spectrum, Gardena, CA, USA), with a mole- cular-mass cutoff of 100 kDa. The polymer was recovered from the dialyzed solution by lyophilization (Labconco, Kansas City, MO, USA).
Without limitation to the foregoing, each Grantor agrees to take, and to cause each other Grantor to take, such further action and to execute and deliver such additional documents and instruments (in recordable form, if requested) as the Designated Collateral Agent may reasonably request to effectuate the terms of and the lien priorities contemplated by the Intercreditor Agreement.
Notwithstanding the foregoing, with respect to the remaining fifty percent (50%) of Net Cash Proceeds, the Borrower or the Guarantor which receives such Net Cash Proceeds shall either (x) make a principal prepayment of the Revolving Loans with such Net Cash Proceeds or (y) deposit such Net Cash Proceeds into the Designated Collateral Proceeds Account.
The aggregate outstanding principal amount of the Loans shall be reduced to an amount such that the aggregate outstanding principal amount of the Loans does not exceed the Designated Collateral Value (as most recently determined based upon the Appraisals obtained pursuant to this Section 2.8).