Withdrawn Collateral definition

Withdrawn Collateral. The meaning specified in Section 5.01(b) hereof.
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Withdrawn Collateral. Upon the release of any Collateral, the Trustee shall execute and deliver to the Company an instrument or instruments acknowledging the release of such Collateral from this Indenture and the discharge of the Lien on such Collateral created by this Article X, and will duly assign, transfer and deliver to the Company (without recourse and without any representation or warranty) the Withdrawn Collateral.
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Withdrawn Collateral has the meaning set forth in Section 701(b) of -------------------- the Indenture.
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Examples of Withdrawn Collateral in a sentence

  • Promptly after receipt of such Officer's Certificate, Opinion of Counsel and authorization to release from MBIA, the Trustee shall release the Withdrawn Collateral from the lien of this Agreement, and deliver the Withdrawn Collateral to the Transferor or its designee.

  • Promptly after receipt of such Officer's Certificate, Opinion of Counsel and authorization to release from the Controlling Party, the Indenture Trustee shall release the Withdrawn Collateral from the lien of this Indenture, and deliver the Withdrawn Collateral to the Issuer or its designee.

  • The Borrower shall then, within five (5) days of receipt of such Withdrawn Collateral, apply such Withdrawn Collateral to prepay the Conversion Term Loan in accordance with Section 2.9 of the Credit Agreement, with such prepayments to be applied to the remaining scheduled principal repayments of the Conversion Term Loan in the inverse order of maturity.

  • Promptly after receipt of such Officer's Certificate, Opinion of Counsel and authorization to release from the Majority Holders, the Indenture Trustee shall release the Withdrawn Collateral from the lien of this Indenture, and deliver the Withdrawn Collateral to the Issuer or its designee.

  • Promptly after receipt of such Officer's Certificate, Opinion of Counsel and authorization to release from MBIA, the Indenture Trustee shall release the Withdrawn Collateral from the lien of the Indenture, and deliver the Withdrawn Collateral to the Issuer or its designee.

  • The Borrower shall use its best efforts to cause the Special Purpose Subsidiary to designate the Borrower as its designee to receive the Withdrawn Collateral (other than the underlying note payable to MFI I, which may instead be cancelled).

  • Promptly after receipt of such Officer's Certificate and authorization to release from MBIA, the Indenture Trustee shall release the Withdrawn Collateral from the lien of this Indenture, and deliver the Withdrawn Collateral to the Issuer or its designee.

  • Promptly after receipt of such Transferor's Certificate and Opinion of Counsel and authorization to release from the Bond Insurer, the Trustee shall release the Withdrawn Collateral from the lien of this Agreement, and deliver the Withdrawn Collateral to the Transferor or its designee.