Examples of Equity Collateral in a sentence
This Assignment will create a continuing security interest in and lien on the Equity Collateral and will remain in full force and effect until terminated pursuant to Section 11 of this Assignment.
The payment of such amount shall satisfy all the Issuer's obligations under and in relation to such Note.For the avoidance of doubt, none of the Issuer, the Trustee or the Calculation Agent shall be required to monitor, enquire or satisfy itself as to whether any Equity Collateral Event has occurred.
BrightSource Ivanpah agrees that this Agreement shall create a continuing security interest in the Supplemental Base Equity Collateral which shall remain in effect until the termination of the FFB Credit Facility Commitment and payment and performance in full of all Secured Obligations (other than inchoate indemnity obligations).
The Mezzanine Lender shall provide notice of the transfer and an officer’s certificate from an officer of Mezzanine Lender certifying that all conditions set forth in this Section 5(a) have been satisfied to Senior Lender and the Rating Agencies upon consummation of any transfer of the Equity Collateral pursuant to this Section 5(a).
Proposed by Councillors: Mrs N Crane seconded by Mr P Bowen and agreed by all.