Liquidity Collateral definition

Liquidity Collateral has the meaning given to such term in the Intercreditor Agreement.

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Liquidity Collateral means, collectively, any and all (i) Inventory, Accounts, Assigned Claims and Contract Intangibles together with any and all Proceeds thereof; (ii) cash, cash equivalents, collections, currency, Payment Instruments and moneys whether or not held or received by, or in transit to, the Agent or any of the Lenders from or for and of the Credit Parties, whether for safekeeping, pledge, custody, transmission, collection or otherwise, including all of the Credit Parties’ deposit and other bank accounts, credits, and balances with the Agent and/or any of the Lenders and all claims of any of the Credit Parties or any of them against any Lender at any time existing; (iii) the Lenders’ Proportionate Share of Business Interruption Proceeds; and (iv) all Proceeds on or in respect of items (i), (ii) and (iii) above now existing or hereafter arising provided, however, that Liquidity Collateral shall not include any Bridge Collateral Account, Specified Contract Rights, any equity interests in any of the Credit Parties or any other property which the Agent has agreed will be excluded from Liquidity Collateral.

Liquidity Collateral has the meaning given to such term in Section 2.1 of the Liquidity Pledge and Security Agreement.

Examples of Liquidity Collateral in a sentence

The Liquidity Borrower will hold and preserve such records and will permit representatives of the Liquidity Collateral Agent or the Secured Parties at any time during normal business hours to inspect and make abstracts from such records.
The Liquidity Collateral shall be automatically released on the date on which all of the Secured Obligations have been paid and satisfied in full and no further Secured Obligations may be incurred.
All such investments and the interest and income received thereon and therefrom and the net proceeds realized on the sale thereof shall be held in the Liquidity Collateral Accounts as part of the Liquidity Collateral.
Seller's and FCI's obligations under this Agreement ----------- shall survive the sale of the Contracts to the Company, the Company's pledge of the Contracts to the Collateral Agent under the Credit Agreement, and EagleFunding's pledge and assignment under the Liquidity Security Agreement to the Liquidity Collateral Agent and such obligations shall not terminate until the satisfaction and payment of all Obligations under the Credit Agreement.
Seller's and FCI's obligations under this Agreement shall survive the sale of the Contracts to the Company, the Company's pledge and assignment of the Contracts to the Collateral Agent under the Credit Agreement, and Triple-A's pledge and assignment under the Liquidity Security Agreement to the Liquidity Collateral Agent and such obligations shall not terminate until the satisfaction and payment of all Obligations and L/C Bank Obligations under the Credit Agreement.
During any period when the Liquidity Provider Certificates are immobilized at The Depository Trust Company ("DTC") and DTC or its nominee is the registered owner of the Liquidity Provider Certificates, the Liquidity Collateral Agent, for the benefit of the Secured Parties, will be shown as the beneficial owner of the Liquidity Provider Certificates on the books and records of DTC.
The Liquidity Borrower shall do nothing to impair the security interest in any Liquidity Collateral.
The Surety Provider, in its sole discretion, may replace the Liquidity Collateral Agent (or any replacement appointed by the Majority the Liquidity Banks) in the event that the Liquidity Agreement is not then in effect and all Liquidity Obligations shall have been paid in full.
The Liquidity Collateral Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any of the secured parties and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Transaction Document or otherwise exist against the Liquidity Collateral Agent.
The Liquidity Borrower agrees to deliver or cause to be delivered to the Liquidity Collateral Agent all Liquidity Provider Certificates promptly upon the purchase thereof by the Liquidity Borrower.

More Definitions of Liquidity Collateral

Liquidity Collateral shall have the definition assigned to such term in the Intercreditor Agreement, it being understood that, to the extent such definition is replaced by a new definition pursuant to an intercreditor agreement related to a new permitted Liquidity Facility, such new definition will be applicable; provided that such new definition shall not expand the scope of assets included in such Liquidity Collateral.