Collateralization Date definition

Collateralization Date means the first date, if any, following a Collateral and Guarantor Release Date, on which either (a) the Applicable Percentage is based on "Pricing Level III", "Pricing Level IV" or "Pricing Level V" or (b) any Subsidiary of Airgas guarantees Airgas' obligations under the Medium Term Note Indenture (or the Medium Term Notes) or any Junior Financing Documentation (it being understood that a Collateralization Date may occur more than once during the term of this Credit Agreement).
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Collateralization Date means the date which is the earlier of (x) the closing of the Term Loan, or (y) February 26, 1999 (or such later date as the Agent, acting at the direction of the Required Banks, may agree upon in writing).
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Collateralization Date means the date that all conditions precedent set forth in Section 6.12 have been satisfied."
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Examples of Collateralization Date in a sentence

  • In the event that the Borrower is deemed to have requested a Borrowing of Base Rate Loans on the L/C Cash Collateralization Date, the Borrower hereby authorizes the L/C Issuer and the Administrative Agent to deposit the proceeds of such borrowing directly into a deposit account with the Administrative Agent in order the Cash Collateralize the L/C Obligations.

  • No Extended Expiration Letter of Credit may be issued after the Stated Cash Collateralization Date.

  • In addition, and without limiting the foregoing or clause (d) of this Section 2.03, if any L/C Obligations remain outstanding after the expiration date specified in said clause (d) or on any L/C Cash Collateralization Date, the Borrower shall immediately deposit into the Collateral Account an amount in cash equal to the Minimum Collateral Amount as of such date plus any accrued and unpaid interest thereon.

  • On or after the Collateralization Date, the Borrower shall make such payment by depositing the Release Price into the Collection Account in immediately available funds.

  • Any Loans ---------------------------------------------- outstanding on December 31, 1996, or advanced on or after January 1, 1997 (the "Collateralization Date"), shall be secured as hereinafter provided.

  • I held by each, to the Agent Lessor to secure the Lessee's obligations under this Agreement with such pledges to become effective on the Asset Collateralization Date.

  • If at any time after the First Mortgage Bond Collateralization Date any Securities of any series, or any Tranche thereof, cease to be Outstanding, the Trustee shall surrender to or upon the order of the Company an equal principal amount of First Mortgage Collateral Bonds having the same Stated Maturity, payment provisions and provisions, if any, for mandatory redemption as such Securities.

  • If, on or after the Collateralization Date, the Monthly Remittance Condition is satisfied, the Servicer shall be permitted to deposit into the Collection Account only the net amount distributable to Persons other than the Servicer and its Affiliates on each Payment Date.

  • If, subsequent to a Partial Collateralization Date, a U.S. Credit Party shall create or acquire any Subsidiary the Capital Stock of which is required to be pledged to the Collateral Agent as Collateral hereunder or acquire any intercompany notes issued by a Subsidiary in favor of a U.S. Credit Party, the Credit Parties shall promptly notify the U.S. Agent of the same.

  • Borrower shall not permit the sum of (a) Borrower's Unsecured Indebtedness plus (b) the Unsecured Indebtedness of Borrower's Affiliates to, at any time prior to the Full Collateralization Date, exceed eight percent (8%) of Gross Asset Value.


More Definitions of Collateralization Date

Collateralization Date means the earlier to occur of (i) the date specified by the Deal Agent in the Servicer Termination Notice or otherwise specified by the Deal Agent in writing to the Borrower on or after receipt by the Servicer of a Servicer Termination Notice or (ii) the date of the declaration or automatic occurrence of the Termination Date pursuant to Section 8.01(b) following the occurrence of a Termination Event.
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Collateralization Date has the meaning specified in Section 3.2. ----------------------
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Collateralization Date means (a) initially, the earlier of (i) the date on which the Company's Leverage Ratio first exceeds 1.50 to 1 or (ii) the fifteenth day following the occurrence of any Event of Default which has not either been cured or waived in writing by the Administrative Agent and all of the Lenders; and (b) if one or more Collateralization Dates have occurred and the collateral has been subsequently released pursuant to CLAUSE (e) of SECTION 7.13, the earlier of (i) the first date after such release on which the Company's Leverage Ratio exceeds 1.50 to 1 or (ii) the fifteenth day following the occurrence of any Event of Default which arises after such release and which has not either been cured or waived in writing by the Administrative Agent and all of the Lenders.
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Collateralization Date is defined in Section 6.23.
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Related to Collateralization Date

  • Cash Collateralization has a correlative meaning.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • Bank Product Collateralization means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent) to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations).

  • Discharge of Credit Agreement Obligations means, with respect to any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing of such Credit Agreement Obligations with an Additional Senior Debt Facility secured by such Shared Collateral under one or more Additional Senior Debt Documents which has been designated in writing by the Administrative Agent (under the Credit Agreement so Refinanced) to the Designated Senior Representative as the “Credit Agreement” for purposes of this Agreement.

  • Credit Obligations means all present and future liabilities, obligations and Indebtedness of the Company, any of its Subsidiaries or any other Obligor owing to the Agent or any Buyer (or any Affiliate of a Buyer) under or in connection with this Agreement or any other Transaction Document.

  • Letter of Credit Undrawn Amounts means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such time.

  • Letter of Credit Maturity Date the date occurring 15 days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • 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.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

  • Letter of Credit Obligations means all outstanding obligations incurred by Agent and Lenders at the request of Borrower, whether direct or indirect, contingent or otherwise, due or not due, in connection with the issuance of Letters of Credit by Agent or another L/C Issuer or the purchase of a participation as set forth in Annex B with respect to any Letter of Credit. The amount of such Letter of Credit Obligations shall equal the maximum amount that may be payable by Agent or Lenders thereupon or pursuant thereto.

  • Facility Letter of Credit Obligations means, as at the time of determination thereof, all liabilities, whether actual or contingent, of the Borrower with respect to Facility Letters of Credit, including the sum of (a) the Reimbursement Obligations and (b) the aggregate undrawn face amount of the then outstanding Facility Letters of Credit.

  • Letter of Credit Obligation means, as of any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit on such date (if any Letter of Credit shall increase in amount automatically in the future, such aggregate amount available to be drawn shall currently give effect to any such future increase) plus the aggregate Reimbursement Obligations and Letter of Credit Borrowings on such date.

  • Cash Collateralize has the meaning specified in Section 2.03(g).

  • Letter of Credit Usage means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

  • Letter of Credit Cash Collateral Account means a blocked deposit account at Bank of America with respect to which Borrower hereby grants a security interest in such account to Administrative Agent for and on behalf of Lenders as security for Letter of Credit Usage and with respect to which Borrower agrees to execute and deliver from time to time such documentation as Administrative Agent may reasonably request to further assure and confirm such security interest.

  • Facility LC Collateral Account is defined in Section 2.19.11.

  • Standby LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all standby Letters of Credit outstanding at such time plus (b) the aggregate amount of all LC Disbursements relating to standby Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers at such time. The Standby LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate Standby LC Exposure at such time.

  • Secured Cash Management Obligations means Obligations under Secured Cash Management Agreements.

  • Letter of Credit Account means the account established by the Borrower under the sole and exclusive control of the Agent maintained at the office of the Agent at 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 designated as the “Tower Letter of Credit Account” that shall be used solely for the purposes set forth herein.

  • 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.

  • Letter of Credit Liabilities means, for any Lender and at any time, such Lender’s ratable participation in the sum of (x) the amounts then owing by the Borrower in respect of amounts drawn under Letters of Credit and (y) the aggregate amount then available for drawing under all Letters of Credit.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Letter of Credit Facility means, at any time, an amount equal to the amount of the Issuing Bank’s Letter of Credit Commitment at such time, as such amount may be reduced at or prior to such time pursuant to Section 2.05.

  • Commercial LC Exposure means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding commercial Letters of Credit plus (b) the aggregate amount of all LC Disbursements relating to commercial Letters of Credit that have not yet been reimbursed by or on behalf of the Borrowers. The Commercial LC Exposure of any Revolving Lender at any time shall be its Applicable Percentage of the aggregate Commercial LC Exposure at such time.