Qualified Collateral definition

Qualified Collateral means one or more Qualified Vessels and/or cash and Cash Equivalents, the aggregate Fair Market Value of which is at least equal to the Appraised Value of the Mortgaged Vessel or Mortgaged Vessels for which such Qualified Collateral is being substituted.

Qualified Collateral means one or more completed Qualified Vessels, completed Qualified Container Assets and/or cash and Cash Equivalents; provided that, in the case of a substitution only, (i) the aggregate Fair Market Value of such Qualified Collateral shall be at least equal to the Appraised Value of the Mortgaged Vessel(s) or Mortgaged Container Asset(s) for which such Qualified Collateral is being substituted; and (ii) to the extent the applicable Mortgaged Vessel for which such Qualified Collateral is being substituted was employed by way of a Charter, the applicable Qualified Vessel is employed by way of a Charter with an Acceptable Charterer.

Qualified Collateral has the meaning given to that term in the Pledge Agreement.

Examples of Qualified Collateral in a sentence

• This Assignment shall automatically terminate, and be of no further force and effect, upon (i) the payment in full of the outstanding principal amount and accrued and unpaid interest and any other amounts then due and owing in respect of the Notes and the other Obligations, (ii) the defeasance of the Notes in accordance with the terms of the Indenture or (iii) the substitution of Qualified Collateral for the Collateral or the release of the Collateral in accordance with the terms of the Indenture.

• This proposal is enclosed in Appendix 3.Mr. Mailliat started from the DBA basic requirement that after any LOCA transient, a coolable core geometry must be ensured.

• Collateral must comply with the Acceptable Collateral Listing: Qualified Collateral attached hereto as Appendix G Acceptable Collateral Listing: List of Financial Assets Qualified for Collateral to Secure Deposits and Repurchase Agreements.

• The Grantor and the Performance Guarantor, respectively, each bears the risk of loss for any Qualified Collateral held in such party’s possession prior to delivery or in transit to or from the Grantor to the Collateral Agent or its agent.

• Upon the issuance of any AgVantage Bond under the Bond Purchase Agreement, the Performance Guarantor and the Grantor will deliver to the Collateral Agent (with a copy to Xxxxxx Mac) a Qualified Collateral Schedule setting forth the Qualified Collateral pledged hereunder, which Qualified Collateral Schedule shall form a part of this Agreement.

More Definitions of Qualified Collateral

Qualified Collateral means: (i) Qualified Loans or XXXX; (ii) Mortgage Documents and other documents, instruments or liens representing or securing the Qualified Loans or XXXX; (iii) all payment records with respect to the Qualified Loans or XXXX; (iv) the Securities Account; (vi) all Qualified Substitute Collateral; (vi) all documents relating to the Securities Account; (vii) all Proceeds of the foregoing regardless of the form thereof, including, without limitation, all Proceeds in the form of accounts, chattel paper, payment intangibles, promissory notes and goods subject to a consignment; and (viii) with respect to any portion of the Qualified Collateral in excess of 100% of the AgVantage Bond Balance, any Qualified Substitute Collateral.

Qualified Collateral means: all Collateral other than the Pledged Shares, including the Restricted Proceeds and any Additional Collateral, to the extent each is Collateral at such time. The Textron Collateral shall become Qualified Collateral only when it becomes Collateral pursuant to the terms hereof.

Qualified Collateral means (i) any property subject to a Lien consistent with the requirements of this Indenture which is a "full-service" or "all-suites" property as determined in good faith by the Company and consistent with industry standards; (ii) any and all related real property thereto; (iii) property consisting of furniture, furnishings, fixtures and equipment and machinery forming a part thereof or used in connection therewith; (iv) trademarks, to the extent assignable (other than the Company's proprietary tradenames including, without limitation, "AmeriSuites" and "Wellesley Inns"), as provided in the Collateral Documents; (v) assignments of rents, contracts and franchise rights, to the extent assignable, all as provided in the Collateral Documents; and (vi) proceeds of the foregoing.

Qualified Collateral means trucks, tractors, trailers, tippers and loaders owned by the Borrower and used in the Borrower's business, and other equipment owned by the Borrower and used in the Borrower's business, which meet the specifications established by the Agent in its reasonable discretion from time to time. In no event, however, shall the Qualified Collateral be deemed to include any of the Borrower's (a) motor vehicles or equipment that is not in good condition or usable in the ordinary course of the Borrower's business; (b) motor vehicles or equipment with respect to which the Agent (on behalf of itself and the Lenders) does not have a first and valid, fully perfected security interest and possession of the motor vehicle certificates of title therefor; or (c) motor vehicles or equipment which is not, at the time it is submitted by the Borrower for advances of Loans, listed and described on the most recent Borrowing Base Certificate.

Qualified Collateral means a collateral that meets underwriting standards set out by the law and the mortgage refinance company, and approved by the Central Bank for the purpose of granting a loan to a primary mortgage lender;

Qualified Collateral means accrued interest, accrued administrative late fees, plus Borrower’s advance costs for purchase of rights of collection.

Qualified Collateral means one or more Qualified Vessels and/or cash and Cash Equivalents, the aggregate Fair Market Value of which is atleast equal to the Appraised Value of the Mortgaged Vessel or Mortgaged Vessels for which such Qualified Collateral is being substituted.