Security Date definition

Security Date means the date on which (i) each Wholly-Owned Domestic Subsidiary (other than any Excluded Subsidiary) in existence as of such date shall have executed and delivered to the Administrative Agent a Guaranty Supplement, (ii) the Parent Borrower, the Opco Borrower and each Wholly-Owned Domestic Subsidiary (other than an Excluded Subsidiary) in existence as of such date shall have executed and delivered the Security Agreement (or a joinder thereto) and each other Collateral Document reasonably requested by the Administrative Agent and (iii) the Parent Borrower, the Opco Borrower and each applicable Wholly-Owned Domestic Subsidiary in existence as of such date shall have delivered to the Administrative Agent appropriate corporate resolutions, other corporate documentation and legal opinions reasonably requested by the Administrative Agent, in each case of the foregoing in form and substance reasonably satisfactory to the Administrative Agent and its counsel. The Security Date shall occur on or prior to the date of the Post-Closing Distribution. The Administrative Agent shall notify the Opco Borrower and the Lenders of the Security Date, and such notice shall be conclusive and binding.
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Security Date has the meaning ascribed thereto in Section 11.14(a) hereof.
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Security Date means [insert date of bail Security Agreement],
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Examples of Security Date in a sentence

  • Until the Release of Security Date, the Obligations shall be secured by a perfected first priority lien and security interest to be held by the Agent for the benefit of the Lenders on the Collateral, pursuant to the terms of the Security Documents.

  • From and after the Release of Security Date, the Additional Guarantor will not be required to join the Indemnity Agreement.

  • Prior to the Release of Security Date, the ratio of Adjusted Net Operating Income from the Pool Properties determined as of the end of the fiscal quarter most recently ended, divided by the actual interest that was paid by Borrower under this Agreement for the prior two fiscal quarters most recently ended annualized.

  • Notwithstanding anything herein to the contrary, beginning on the Release of Security Date and continuing at all times thereafter, the Borrower will no longer be required to comply with the terms and conditions of this §7.21.

  • The Borrower will not at any time permit the ratio of Consolidated Total Secured Debt to Gross Asset Value (expressed as a percentage) to exceed forty-five percent (45.0%) until the Release of Security Date, and forty percent (40.0%) thereafter.

  • From and after the Release of Security Date, the Lenders have agreed to make the Loans to the Borrower and issue Letters of Credit for the account of the Borrower on an unsecured basis; provided, however, that the Obligations shall be guaranteed pursuant to the terms of the Guaranty.

  • Notwithstanding anything herein to the contrary, beginning on the Release of Security Date and continuing at all times thereafter, the Borrower will no longer be required to comply with the terms and conditions of this §7.12(a).

  • At all times prior to the Release of Security Date, the Collateral and the rights of the Agent and the Lenders with respect to the Collateral are not subject to any setoff, claims, withholdings or other defenses by the Borrower or any of their Subsidiaries or Affiliates or, to the best knowledge of the Borrower, any other Person other than Permitted Liens described in §8.2(i)(A), (v) and (vi).

  • Prior to the Release Security Date, none of Borrower, Guarantors or any Affiliate of Borrower or Guarantors shall prompt, direct, cause or otherwise encourage any tenant or licensee at any Pool Property to relocate to space or acquire other rights at or in connection with other buildings owned by Borrower, a Guarantor or any Affiliate adjacent to the Pool Property, or condominium units within the same development, without the prior written consent of Agent.

  • After the Release Date until the New Security Date, the Company will ensure that its payment obligations under this Agreement and the Notes will at all times rank at least pari passu in right of payment with all other unsecured Senior Debt (actual or contingent) of the Company.


More Definitions of Security Date

Security Date means the date upon which the Agent shall be required to be granted a first perfected security interest in the Collateral pursuant to Section 5.21.
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Security Date means the date upon which the Finance Parties are satisfied that each member of Target Group (other than the Dormant Subsidiaries) has granted Security in favour of the Security Agent over all of its assets in accordance with paragraph (a) of Clause 24.31 (Guarantors) which secures all amounts outstanding under this Agreement.
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Security Date means the date on which the Borrower informs the Agent that the Security to be granted in respect of the HLAG Ship Financing has been executed.
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Security Date shall have the meaning ascribed to such term in Section 8.19.
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Security Date has the meaning ascribed to that term in Section 9.25."
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Related to Security Date

  • Existing Maturity Date has the meaning specified in Section 2.14(a).

  • priority date means the date of the earlier application that serves as the basis for the right of priority provided for in the Paris Convention;

  • Term Maturity Date means the Term B Maturity Date, the Term C Maturity Date and the maturity date of any other Class of Term Loan as set forth in the applicable amendment documentation, as the context may require.

  • L/C Maturity Date means the date that is five Business Days prior to the Revolving Credit Maturity Date.

  • Facility Maturity Date means the earliest to occur of (i) the Stated Maturity Date, (ii) the date of the declaration, or automatic occurrence, of the Facility Maturity Date pursuant to Section 7.01, (iii) the Collection Date and (iv) the occurrence of the termination of this Agreement pursuant to Section 2.18(b) hereof.