Collateral Sharing definition

Collateral Sharing. Agreement shall mean the Collateral Sharing ---------------------------- Agreement among the Administrative Agent, the Loan Parties, the Term Loan Parties, the administrative agent under the Term Loan Agreement and the Collateral Agent, substantially in the form of Exhibit 1.01(C)(1). ------------------- Combined Commitment shall mean, as to any Bank, as of any date of ------------------- determination, the aggregate of its Revolving Credit Commitment and its Term Loan Commitment (if any). Commitment shall mean as to any Bank its Revolving Credit ---------- Commitment and Commitments shall mean the aggregate of the Revolving Credit ----------- Commitments of all of the Banks. Commitment Fee shall have the meaning assigned to that term in -------------- Section 2.03 hereof. Compliance Certificate shall have the meaning set forth in ---------------------- Section 8.03(d).
Sample 1
Collateral Sharing. AGREEMENT shall mean an Intercreditor and Collateral Agency Agreement to be entered into among the Agent, the Loan Parties and the trustee under the Required Note Refinancing [in the form attached hereto as Exhibit 1.1(C).
Sample 1Sample 2
Collateral Sharing. AGREEMENT shall mean the Collateral Sharing Agreement among Southland, the Agents and the Swap Provider providing for the Agents to act on behalf of the Swap Provider and the Lenders and for the Collateral to be shared among the Swap Provider and the Lenders as set forth therein, which agreement shall be substantially in the form of Exhibit E annexed hereto.
Sample 1

Examples of Collateral Sharing in a sentence

  • By becoming a party to this Agreement, each Grantor agrees to be bound by the terms of the Collateral Sharing Agreement and, without limiting the generality of the foregoing, expressly agrees that all obligations and liabilities of a Grantor thereunder apply to such Grantor with the same force and effect as if such Grantor were a signatory thereto.

  • No amendment or waiver of any provision of this Agreement nor consent to any departure by the Grantor herefrom shall in any event be effective unless the same shall be in writing and signed by the Agent (in accordance with the Collateral Sharing Agreement) and the Grantor, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given.

  • The Grantor will upon demand pay to the Agent the amount of any and all reasonable expenses, including the reasonable fees and disbursements of its counsel and of any experts and agents, as provided in the Credit Agreements, the Note Agreements, and/or the Collateral Sharing Agreement.

  • The Second Lien Agent (directly or through co-trustees, agents or sub-agents) will act as Second Lien Agent pursuant to the Collateral Sharing Agreement, the Intercreditor Agreement and the Security Documents and will hold, and will be entitled to enforce, all Liens on the Collateral created by the Security Documents.

  • We further refer to Clause 14.5 (New Lender) of the SPV Collateral Sharing Agreement.

  • The Secured Lenders shall retain their existing liens and security interests in their Collateral to secure the Allowed Secured Claims together with all rights and provisions of the documents covered by the Collateral Sharing and Agency Agreement or currently securing the obligations to the Secured Lenders.

  • The Administrative Agent is authorized to enter into the Collateral Sharing Agreement and perform its obligations thereunder, and the parties hereto acknowledge that the Collateral Sharing Agreement is binding upon them.

  • By becoming a party to this Agreement, each Pledgor agrees to be bound by the terms of the Collateral Sharing Agreement and, without limiting the generality of the foregoing, expressly agrees that all obligations and liabilities of a Pledgor thereunder apply to such Pledgor with the same force and effect as if such Pledgor were a signatory thereto.

  • At such intervals as may be agreed upon by the Borrower and the Collateral Agent, or, if an Event of Default shall have occurred and be continuing, at any time at the Collateral Agent's election, the Collateral Agent may apply all or any part of Proceeds constituting Collateral, whether or not held in any Collateral Account, in payment of the Obligations in the order specified in the Collateral Sharing Agreement.

  • Not amend any provision of any of the Other Consignment Agreements except in accordance with the provisions of the Intercreditor and Collateral Sharing Agreement.

Related to Collateral Sharing

  • Collateral savings, as used in this clause, means those measurable net reductions resulting from a VECP in the agency’s overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.

  • Collateral Support means all property (real or personal) assigned, hypothecated or otherwise securing any Collateral and shall include any security agreement or other agreement granting a lien or security interest in such real or personal property.

  • Single Family Property A one-unit residential property.

  • Collateral Shortfall Amount is defined in Section 8.1.

  • Single Family Shared-Loss Loans means the single family one-to-four residential mortgage loans (whether owned by the Assuming Bank or any Subsidiary) identified on Schedule 4.15A of the Purchase and Assumption Agreement.

  • Collateral source shall have the meaning set forth in Section 8.5.

  • Cross-Collateralized Group Any group of Mortgage Loans that are cross-collateralized and cross-defaulted with each other; provided that a Mortgage Loan shall be part of a Cross-Collateralized Group only if and for so long as such Mortgage Loan is cross-collateralized and cross-defaulted with each other Mortgage Loan in such Cross-Collateralized Group. There are no Cross-Collateralized Groups included as assets of the Trust as of the Closing Date.

  • Cash Pooling Arrangements means a deposit account arrangement among a single depository institution, the Borrower and one or more Foreign Subsidiaries involving the pooling of cash deposits in and overdrafts in respect of one or more deposit accounts (each located outside of the United States and any States and territories thereof) with such institution by the Borrower and such Foreign Subsidiaries for cash management purposes.

  • Single-family dwelling means a private residence provided with sleeping and cooking facilities intended for domestic use and in which the occupants live as a single housekeeping unit that is not part of a multiple dwelling;

  • Cross-Collateralized Mortgage Loan Any Mortgage Loan, that is, by its terms, cross-defaulted and cross-collateralized with any other Mortgage Loan; provided that the Mortgage Loans that are part of any Loan Combination shall not constitute Cross-Collateralized Mortgage Loans.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Loan Combination shall include any successor REO Mortgage Loan and the related successor REO Companion Loan(s) (or the related deemed Companion Loan(s), if applicable)). The only Loan Combinations related to the Trust as of the Closing Date are identified in the Loan Combination Table.

  • Single Family Shared-Loss Loan means a single family one-to-four owner- occupied residential mortgage loan, excluding Home Equity Loans, that is secured by a mortgage on a one-to four family residence or stock of a cooperative housing association.

  • Collateral Substitution has the meaning specified in Section 3.13.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Group 3 Mortgage Loans Those Mortgage Loans identified on the Mortgage Loan Schedule as Group 3 Mortgage Loans.

  • Credit Enhancement Agreements means, collectively, any documents, instruments, guarantees or agreements entered into by the Issuer, any of its Restricted Subsidiaries or any Securitization Entity for the purpose of providing credit support (that is reasonably customary as determined by Issuer’s senior management) with respect to any Permitted Funding Indebtedness or Permitted Securitization Indebtedness.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Serviced Loan Combination A Loan Combination that is being serviced pursuant to this Agreement. The only Serviced Loan Combinations related to the Trust as of the Closing Date are the Loan Combinations as to which “Serviced” is set forth in the Loan Combination Table under the column heading “Servicing Type,” together with any Servicing Shift Loan Combinations. A Servicing Shift Loan Combination will no longer be a Serviced Loan Combination on and after the related Servicing Shift Date.

  • Credit Enhancements means surety bonds, insurance policies, letters of credit, guarantees and other

  • Cap Contracts means (i) the Cap Contract between the Trustee and the counterparty named thereunder, for the benefit of the Holders of the Class A-1 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group I Cap Contract") and (ii) the Cap Contract between the Trustee and the counterparty thereunder, for the benefit of the Class A-2 Certificates, the Mezzanine Certificates and the Class B Certificates (the "Group II Cap Contract").

  • Serviced Pari Passu Companion Loan Holder A holder of a Serviced Pari Passu Companion Loan.

  • Controlled Securities Account means each securities account (including all financial assets held therein and all certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement.