Purchased Collateral definition

Purchased Collateral. Defined in Section 2.1(a).
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Purchased Collateral means the Equipment and the Intellectual Property.
Sample 1

Examples of Purchased Collateral in a sentence

  • Subject to the Issuer authorising the Replacement (and subject as provided in respect of rated Notes), any such Replacement Purchased Collateral shall (to the extent delivered by the Repurchase Counterparty to the Issuer when required under the Repurchase Agreement) constitute Replacement Purchased Collateral.

  • Not later than the date of each Substitution, the Repurchase Counterparty shall give a notice to the Issuer, the Trustee and the Swap Counterparty (if any) (a “Substitution Notice”) in, or substantially in, the form set out in the Agency Agreement, requesting authorisation from the Issuer and specifying, among other things, the details of any proposed Substitute Purchased Collateral and the date on which it is proposed to be purchased.

  • Any Replacement in respect of rated Notes is further conditional on either (i) the Replacement Purchased Collateral being comprised of Eligible Securities which are rated AAA by Standard & Poor's and/or Aaa by Moody's or (ii) the Issuer having received written confirmation from Standard & Poor's and/or Moody's, as the case may be, that their respective current ratings(s) of the Notes will not be adversely affected by the Replacement.

  • Not later than the date of each Substitution, the Repurchase Counterparty shall give a notice to the Issuer, the Trustee and the Swap Counterparty (if any) (a "Substitution Notice") in, or substantially in, the form set out in the Agency Agreement, requesting authorisation from the Issuer and specifying, among other things, the details of any proposed Substitute Purchased Collateral and the date on which it is proposed to be purchased.

  • To the extent that the Repurchase Counterparty fails to make payments due to the Issuer under the Repurchase Agreement, or to deliver Purchased Collateral or Fungible Collateral to the Issuer when required under the Repurchase Agreement, the Issuer will be unable to meet its obligations in respect of the Notes, Receipts and Coupons.

  • Any Replacement in respect of rated Notes is further conditional on either (i) the Replacement Purchased Collateral being comprised of Eligible Securities which are rated AAA by Standard & Poor’s and/or Aaa by Moody’s or (ii) the Issuer having received written confirmation from Standard & Poor’s and/or Moody’s, as the case may be, that their respective current ratings(s) of the Notes will not be adversely affected by the Replacement.

  • Mr. Ryniker, in his capacity as CRO, and the Additional Personnel will provide services that are in the best interests of all parties in interest in this chapter 11 case.

  • Any Replacement in respect of rated Notes is further conditional on either (i) the Replacement Purchased Collateral being comprised of Eligible Securities which are rated AAA by Standard & Poor's and/or Aaa by Moody's or (ii) the Issuer having received written confirmation from Standard & Poor’s and/or Moody’s, as the case may be, that their respective current ratings of the Notes will not be adversely affected by the Replacement.

  • To the extent that the Repurchase Counterparty fails to make payments due to the relevant Issuer under the Repurchase Agreement, or to deliver Purchased Collateral or Fungible Collateral to the relevant Issuer when required under the Repurchase Agreement, such Issuer will be unable to meet its obligations in respect of the Notes, the Coupons or the Receipts.

  • No procedures believed by the Seller to be adverse to the interests of the Buyers were utilized by the Seller in identifying and/or selecting the Assets included in the Purchased Collateral.

Related to Purchased Collateral

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.

  • Purchased Asset means (i) with respect to any Transaction, the Eligible Asset sold by Seller to Buyer in such Transaction and (ii) with respect to the Transactions in general, all Eligible Assets sold by Seller to Buyer (other than Purchased Assets that have been repurchased by Seller).

  • Shared Collateral means, at any time, Collateral in which the holders of Senior Obligations under at least one Senior Facility and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a security interest at such time (or, in the case of the Senior Facilities, are deemed pursuant to Article II to hold a security interest). If, at any time, any portion of the Senior Collateral under one or more Senior Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Collateral shall constitute Shared Collateral only with respect to the Second Priority Debt Facilities for which it constitutes Second Priority Collateral and shall not constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Permitted Security Interest means any Security Interest:

  • Purchased Contracts has the meaning set forth in Section 2.1.1(a).

  • Purchased Loan A motor vehicle retail installment loan relating to the sale of an automobile or light-duty truck originated by a Dealer, purchased by CAC or a subsidiary from such Dealer and evidenced by a motor vehicle retail installment sales contract.

  • UCC Collateral is defined in Section 3.03.

  • Additional Pledged Collateral means all shares of, limited and/or general partnership interests in, and limited liability company interests in, and all securities convertible into, and warrants, options and other rights to purchase or otherwise acquire, stock of, either (i) any Person that, after the date of this Agreement, as a result of any occurrence, becomes a direct Subsidiary of any Grantor or (ii) any issuer of Pledged Stock, any Partnership or any LLC that are acquired by any Grantor after the date hereof; all certificates or other instruments representing any of the foregoing; all Security Entitlements of any Grantor in respect of any of the foregoing; all additional indebtedness from time to time owed to any Grantor by any obligor on the Pledged Notes and the instruments evidencing such indebtedness; and all interest, cash, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, provided, that, in no event shall Additional Collateral include any Excluded Equity. Additional Pledged Collateral may be General Intangibles or Investment Property.

  • Additional Purchased Assets shall have the meaning set forth in Subsection 3(a).

  • Purchase Agreement Collateral has the meaning specified in Section 6.9 of this Agreement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Purchased Loans means, with respect to each Purchase Agreement, the Loans offered for sale and purchased or substituted pursuant to such Purchase Agreement.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Excluded Collateral shall have the meaning assigned to such term in the Security Agreement.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Foreign Collateral means that portion of the Collateral securing the Foreign Obligations.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Repurchase Assets has the meaning assigned thereto in Section 8 hereof.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.