Substitute Collateral definition

Substitute Collateral shall only refer to such substitute collateral). In connection with such pledge, Bank of America shall deliver to the Trustee the Class SES Certificates, together with an assignment in blank, executed by Bank of America, and shall, from time to time upon the request of the Trustee, execute such other instruments and take such other actions as the Trustee may request to perfect or maintain the perfection of the security interest in the Collateral granted hereby.

Substitute Collateral means any security:

Substitute Collateral shall have the meaning set forth in Section 6 hereof.

Examples of Substitute Collateral in a sentence

• Any sale of a Collateral Obligation or an Equity Security (other than a Substitute Collateral Obligation) to the Collateral Manager, an Affiliate of the Collateral Manager or an Affiliate of the Issuer shall be at a purchase price at least equal to the current Fair Market Value of such Collateral Obligation or Equity Security and certified by the Collateral Manager to the Trustee.

• Pursuant and subject to the TA Agreement, the Agent will release the applicable portion of the IPO Consideration from the Restrictive Legends after the expiration of the periods set forth above or, if applicable, to the extent such IPO Consideration has been released from escrow or the applicable restriction by the posting of Substitute Collateral (as defined below).

• This First Amendment is attached as an Exhibit to that Agreement to Substitute Collateral.

• Borrower and Lender have also entered into that certain Agreement to Substitute Collateral.

• Notwithstanding any other provision hereof, the Trustee shall deliver to the Issuer or its designee any payment with respect to any Asset or any additional Collateral Obligation or Substitute Collateral Obligation received after the Due Date thereof to the extent the Issuer previously made provisions for such payment satisfactory to the Trustee in accordance with this Section 6.13 and such payment shall not be deemed part of the Assets.

More Definitions of Substitute Collateral

Substitute Collateral means any form of collateral delivered by the Company in substitution for the First Mortgage Bonds pursuant to Section 4.09(f) of the Agreement.

Substitute Collateral means, in the event that it is illegal, impossible or otherwise impractical for us to return the Equivalent Collateral to you, we may, in good faith and using commercially reasonable endeavours, return to you collateral that may not be of the same type, nominal value, description and amount as that Collateral.

Substitute Collateral has the meaning provided in Section 11.5.

Substitute Collateral shall have meaning set for the in paragraph c of Section 2 of this Agreement

Substitute Collateral has the meaning assigned to such term in Section 12.5(d).

Substitute Collateral. As defined in Section 7.06.

Substitute Collateral. Any Substitute Collateral as defined in Section 4.10(c) hereof.