Definition of Post-Closing Collateral


Post-Closing Collateral means the portion of the Collateral for which a valid and perfected security interest in favor of the Collateral Trustee has not been created on or prior to the Issue Date.

Examples of Post-Closing Collateral in a sentence

The Issuer and the Guarantors will take the actions required by Section 4.10 (Post-Closing Collateral Matters) of the Security Agreement.
Notwithstanding anything herein to the contrary, certain matters relating to Collateral and Mortgaged Properties shall be completed by the Post Closing Collateral Date as provided in Section 10.08 of the Indenture.
Upon satisfaction of the Post-Closing Collateral Procedures, the book value of aircraft registered in any jurisdiction outside of the United States subject to a First Priority Cape Town Filing, together with all other Collateral subject to a First Priority Lien, shall be at least $30,500,000,000.
A Certificate from a Responsible Officer of the Linq Borrower certifying that the Contributed Assets in respect of Project Linq have been contributed to the Linq Borrower and the Linq Borrower has completed all material Post-Closing Collateral Requirements with respect to Project Linq (other than such requirements for which the Administrative Agent has extended and/or waived the relevant completion).
A Certificate from a Responsible Officer of the Octavius Borrower certifying that the Contributed Assets in respect of Project Octavius have been contributed to the Octavius Borrower and the Octavius Borrower has completed all material Post-Closing Collateral Requirements with respect to Project Octavius (other than such requirements for which the Administrative Agent has extended and/or waived the relevant completion).