Collateral Law definition

Collateral Law means the Luxembourg law on financial collateral agreements of 5 August 2005, as amended from time to time.
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Collateral Law means the Luxembourg law of 5 August 2005 relating to financial collateral arrangements, as amended. Effective Time means the moment the releases of the Pledge Agreements (as defined in the Master Release Agreement) become effective and all release formalities have been completed pursuant to the terms of the Master Release Agreement.
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Collateral Law means the Luxembourg law of 5 August 2005 relating to financial collateral arrangements, as amended. Enforcement Event means occurrence of the agreement of the Super Majority Interim Lenders to enforce this Pledge pursuant to clause 23 (b) (Enforcement of the Transaction Security Documents) of the Interim Facilities Agreement following the occurrence of an Event of Default for which the Interim Agent has served a notice pursuant to paragraph (b) of clause 17.1 (Events of Default) of the Interim Facilities Agreement. Event of Default has the meaning given to such term in the Interim Facilities Agreement. Interim Document or Interim Documents has the meaning given to such term in the Interim Facilities Agreement.
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Examples of Collateral Law in a sentence

  • In particular, but without limitation, the Collateral Agent shall be entitled to request direct payment of the Pledged Account Claims from the Account Bank and the Collateral Agent may proceed to a set-off between the Pledged Account Claims and the Secured Obligations in accordance with the terms of Article 11(3) and 11(1) (d) of the Financial Collateral Law.

  • Upon the occurrence of an Event of Default and provided that such Event of Default is continuing, the Collateral Agent shall be entitled to realise the Pledged Account Claims in the most favourable manner provided for by Luxembourg law and in particular the Financial Collateral Law.

  • In order to secure payment of the Secured Claim, the Pledgor hereby establishes in favour of the Pledgee the financial pledge over the Shares up to the maximum secured amount of 455,000,000 EUR in accordance with the relevant provisions of the Specific Financial Collateral Law (“Financial Pledge”).

  • In particular, but without limitation, the Collateral Agent shall be entitled to request direct payment of the Pledged Accounts Claims from the Account Bank and the Collateral Agent may proceed to a set-off between the Pledged Accounts Claims and the Secured Obligations in accordance with the terms of Article 11(3) and 11(1) (d) of the Financial Collateral Law.

  • Upon the occurrence of an Event of Default and provided that such Event of Default is continuing, the Collateral Agent shall be entitled to realise the Pledged Accounts Claims in the most favourable manner provided for by Luxembourg law and in particular the Financial Collateral Law.

  • Each of the Pledgors hereby pledges in accordance with article 5(3) of the Financial Collateral Law, all the Pledged Assets (and in particular without limitation the Claims and the Related Assets, including for the avoidance of doubt any future Claims) held by it in favour of the Pledgee (as collateral trustee on behalf of the Secured Parties), who accepts, as continuing first priority security interest (“gage”) (the “Pledge”) for the payment and discharge of the Secured Obligations.

  • The Company hereby accepts the Pledge in accordance with article 5(3) of the Collateral Law.

  • The First Priority Security Trustee THE BANK OF NEW YORK MELLON Duly represented by: /s/ Xxxxxxx Xxx Name: Xxxxxxx Xxx Title: Senior Associate By signing hereunder for acceptance, Credit Suisse as Second-Priority Security Agent under the Second-Ranking Pledge Agreement, accepts the pledge granted under Clause 2 of this Pledge Agreement, for the purpose of Article 6.(1) (c) of the Financial Collateral Law, and agrees to take the benefit of its terms, subject to the terms of the Intercreditor Arrangements.

  • The German Debtor, by signing hereunder for acceptance, acknowledges and accepts the existence of this Pledge Agreement and of the Pledge created hereunder over the Pledged Claims for the purposes of the Financial Collateral Law, and takes notice of the terms of the Pledge Agreement.

  • The First Priority Security Trustee THE BANK OF NEW YORK MELLON Duly represented by: /s/ Xxxx Xxxxxxxxxx Name: Xxxx Xxxxxxxxxx Title: Vice President By signing hereunder for acceptance, the Company (i) acknowledges and accepts the existence of this Pledge Agreement and security interest created hereunder over the Pledged Portfolio for the purposes of Article 5.(2) (c) of the Financial Collateral Law and takes notice of the terms thereof.


More Definitions of Collateral Law

Collateral Law means the Luxembourg law of 5 August 2005 relating to financial collateral arrangements, as amended. Enforcement Event means a notice of enforcement of security that has been given by the Security Agent which has not been revoked or rescinded following a Senior Secured Acceleration Event that is continuing. Group has the meaning given to such term in the Intercreditor Agreement.
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Related to Collateral Law

  • Collateral Value The appraised value of a Mortgaged Property based upon the lesser of (i) the appraisal (as reviewed and approved by the Seller) made at the time of the origination of the related Mortgage Loan, or (ii) the sales price of such Mortgaged Property at such time of origination. With respect to a Mortgage Loan the proceeds of which were used to refinance an existing mortgage loan, the appraised value of the Mortgaged Property based upon the appraisal (as reviewed and approved by the Seller) obtained at the time of refinancing.

  • Collateral and Guarantee Requirement means, at any time, the requirement that:

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Initial Collateral Amount means $1,000,000,000, which equals the sum of (i) the Class A Note Initial Principal Balance, (ii) the Class B Note Initial Principal Balance, (iii) the Class C Note Initial Principal Balance and (iv) the Initial Excess Collateral Amount.

  • Canadian Collateral means Collateral consisting of assets or interests in assets of Canadian Loan Parties, and the proceeds thereof.

  • Collateral has the meaning set forth in Section 2.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.