Stock Collateral definition

Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

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Stock Collateral means the Pledged Stock and all Proceeds therefrom.

Stock Collateral has the meaning assigned to such term in Section 3(k)(ii).

Examples of Stock Collateral in a sentence

• The Agent's prior recourse to any part or all of the Stock Collateral shall not constitute a condition of any demand, suit or proceeding for payment or collection of any of the Obligations.

• The interests assigned as Stock Collateral are subject to no outstanding options, voting trusts, shareholders agreement, or other requirements with respect to such interests.

• The Agent may buy any part or all of the Stock Collateral at any public sale and if any part or all of the Stock Collateral is of a type customarily sold in a recognized market or is of the type which is the subject of widely-distributed standard price quotations, the Agent may buy at private sale and may make payments thereof by any means.

• The Pledgor has good and marketable title to the Stock Collateral.

• The Obligor will cause the Stock Collateral to constitute at all times 100% of the total number of shares of each class of capital stock of each Issuer then outstanding.

More Definitions of Stock Collateral

Stock Collateral shall have the meaning assigned to that term in Section 2.01(a).

Stock Collateral has the meaning set forth in Section 3(c).

Stock Collateral shall have the meaning assigned to such term in Section 2(c) hereof.

Stock Collateral shall have the meaning provided in Section 10.15(d).

Stock Collateral means the common stock of or membership interests or other equity ownership interests in the Receivables Seller upon which a Bank Interest is granted or purported to be granted by the Borrower or any other owner thereof to the Banks or the Banks' Agent under any of the Loan Documents.

Stock Collateral means the collective reference to the following, whether now owned or existing or hereafter acquired or arising:

Stock Collateral means: (i) the Shares; (ii) all dividends, shares, securities, cash, instruments, moneys or property (a) representing a dividend, distribution or return of capital in respect of any of the Shares or other property described in this definition, (b) resulting from a split-up, revision, reclassification, recapitalization or other similar change with respect to the Shares or other property described in this definition, (c) otherwise received in exchange for or converted from any of the Shares or other property described in this paragraph and any subscription warrants, rights or options issued to the holders of, or otherwise in respect of, the Shares or other property described in this definition; and (iii) in the event of any consolidation or merger in which any of the Issuers is not the surviving corporation, all shares of each class of the capital stock of the successor corporation formed by or resulting from such consolidation or merger that are exchanged for the Shares.