Collateral Trust definition

Collateral Trust. Mortgage”) on properties or assets of the Borrower to secure bonds, notes and other obligations of the Borrower but only to the extent such Liens, collectively, secure Indebtedness, whether now existing or hereafter created, in an aggregate amount no greater than the aggregate amount of first mortgage bonds permitted to be issued under the First Mortgage;
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Collateral Trust has the meaning set forth in the Plan.
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Examples of Collateral Trust in a sentence

  • Capitalized terms used but not otherwise defined herein have the meanings assigned to them in the Collateral Trust Agreement.

  • In the event of a dispute regarding payment of administrative costs incurred by the Collateral Trust or regarding the amount of the Capital Reserve, the dispute shall be resolved by the Bankruptcy Court after notice and a hearing.

  • Notwithstanding the foregoing, the Collateral Trust and/or the Collateral Trustee shall be authorized, but not required, to file or record financing statements, trademark filings, notices of lien or similar instruments in any jurisdiction, or take any other action in order to validate and perfect such liens and security interests.

  • The Collateral Trust shall execute documentation reasonably necessary to effectuate any subordination of security interests authorized by this Plan, the Subordination Agreement, or ordered by the Bankruptcy Court.

  • The Collateral Trust Security Interest shall continue and remain perfected in any collateral that is the subject of any unauthorized transfer of property by the Debtor and/or Reorganized Debtor.

  • The remaining portion of 510 Ocean Drive’s secured claim, in the approximate amount of $2,139,713.83, will continue accruing interest at 8% and will be subordinated to the New Senior Secured Credit Facility, Bieber, and the interests of the Collateral Trust and no payments will be made until all of the other Classes are satisfied.

  • It is estimated that the unsecured creditors will receive full repayment from the Collateral Trust.

  • The Collateral Trustee shall have the powers set forth in the Collateral Trust Agreement and shall hold and administer the Class 10 Promissory Note and the Collateral Trust Security Interest for the benefit of Holders of the Class 10 Claims.

  • Prior to the Effective Date, the Class 10 Promissory Note and the Collateral Trust Agreement shall be (a) executed and delivered to the Collateral Trust, and (b) recorded or filed as deemed necessary to perfect liens.

  • The payments from the Collateral Trust are based on a five-year repayment term of 100% of the debt plus 3% per annum of interest.


More Definitions of Collateral Trust

Collateral Trust means a voluntary employee beneficiaries association trust or other collateral fund established under the Collateral Trust Agreement to hold the Borrower's contributions to fund post-retirement health-care and life insurance obligations for the benefit of certain hourly employees of the Borrower.
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Collateral Trust has the meaning set forth in the Security Documents.
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Collateral Trust. Agreement shall mean the Collateral Trust Agreement, substantially in the form of Exhibit 1.1(C) hereto, as amended by that certain Amendment No. 1 to Collateral Trust Agreement, dated as of the Closing Date, among the Collateral Trustee and the Loan Parties, as the same may hereafter be modified, amended, restated, supplemented, refinanced or replaced from time to time in accordance herewith. Collateral Trustee shall mean, individually as the context requires, Wilmington Trust Company, a Delaware banking corporation, not in its individual capacity but solely as corporate trustee under the Collateral Trust Agreement (together with any successor corporate trustee appointed pursuant to the Collateral Trust Agreement) or Xxxxx X. Xxxxxxxx, an individual residing in the State of Delaware, not in his individual capacity but solely as individual trustee under the Collateral Trust Agreement (together with any successor individual trustee appointed pursuant to the Collateral Trust Agreement), and Collateral Trustee shall mean, collectively, as the context requires, both of the foregoing. Commercial Letter of Credit shall mean any letter of credit which is a commercial letter of credit issued in respect of the purchase of goods or services by one or more of the Loan Parties in the ordinary course of their business. Commitment shall mean as to any Lender its Revolving Credit Commitment plus, in the case of the Paying Agent, its Swing Loan Commitment, and Commitments shall mean the aggregate of the Revolving Credit Commitments and Swing Loan Commitment of all of the Lenders. Commitment Fee shall have the meaning assigned to that term in Section 2.3. Compliance Certificate shall have the meaning assigned to such term in Section 8.3.4. Consideration shall mean with respect to any Permitted Acquisition, the aggregate of (i) the cash paid by any of the Loan Parties, directly or indirectly, to the seller in connection therewith, (ii) the Indebtedness incurred or assumed by any of the Loan Parties, whether in favor of the seller or otherwise and whether fixed or contingent, (iii) any Guaranty given or incurred by any Loan Party in connection therewith, and (iv) any other consideration given or obligation incurred by any of the Loan Parties in connection therewith. Consolidated Cash Interest Expense for any period of determination shall mean, the amount of interest expense (in each case required in accordance with the terms of the note, instrument or other agreement applica...
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Collateral Trust means the collateral trust estate established under that certain Collateral Trust Agreement.
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Related to Collateral Trust

  • Collateral Trustee has the meaning set forth in the preamble.

  • Collateral Trust Agreement means the Collateral Trust Agreement, dated as of the date of this Indenture, among the Company, the Guarantors from time to time party thereto, the Trustee, the other Secured Debt Representatives from time to time party thereto and the Collateral Trustee, as amended, restated, adjusted, waived, renewed, extended, supplemented or otherwise modified from time to time.

  • Collateral Agent as defined in the preamble hereto.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • ABL Collateral Agent means the “Collateral Agent” as defined in the ABL Credit Agreement.

  • Secured Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement, dated as of the Issue Date, made by and among the Issuers, the other Grantors, the Trustee, the Collateral Agent and each other Secured Debt Representative, as amended, modified, renewed, restated or replaced, in whole or in part, from time to time, in accordance with its terms.

  • Collateral has the meaning set forth in Section 2.

  • Notes Collateral Agent means such successor collateral agent, and the retiring Notes Collateral Agent’s appointment, powers and duties as the Notes Collateral Agent shall be terminated. After the retiring Notes Collateral Agent’s resignation hereunder, the provisions of this Section 12.08 (and Section 7.07) shall continue to inure to its benefit and the retiring Notes Collateral Agent shall not by reason of such resignation be deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Notes Collateral Agent under this Indenture.

  • Supplemental Collateral Agent has the meaning assigned to that term in subsection 9.1B.

  • Secured Party as used in this Annex means only Party B, (b) the term “Pledgor” as used in this Annex means only Party A, (c) only Party A makes the pledge and grant in Paragraph 2, the acknowledgement in the final sentence of Paragraph 8(a) and the representations in Paragraph 9.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • First Lien Collateral Agent means the First Lien Credit Agreement Collateral Agent and any Additional First Lien Obligations Agent.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.