Sample Letter Release Contract With Collateral In Middlesex
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Collateral Letter means that certain letter agreement, dated as of the Closing Date, by and among the Borrower, Holdings, each Person that was a Lender or an Issuer on the Closing Date and the Administrative Agent relating to certain Enforcement Actions with respect to the Collateral, as amended pursuant to Section ...
Release of Collateral means a Release of Collateral substantially in the form of Exhibit A to the Security Agreement. Release of Collateral . The liens, security interests, mortgages and the like on collateral currently securing the Original Facility will be released on the Closing Date.
Request for Release of Collateral means the written request that must be made by the Borrower and delivered to the Collateral Agent, in the case of Collateral constituting certificated securities, or to the Lender, in the case of any Collateral other than certificated securities.
Collateral Letter means that certain letter agreement, dated as of the Closing Date, by and among the Borrower, Holdings, each Person that was a Lender or an Issuer on the Closing Date and the Administrative Agent relating to certain Enforcement Actions with respect to the Collateral, as amended pursuant to Section ...
Collateral Statement means a statement furnished by a Sublicensee or Affiliate stating each type of Licensed Product, the aggregate amount of the Affiliate's or Sublicensee's (as the case may be) gross sales and net sales of the same, and the aggregate amount of returns of and allowances for such products, for a given ...
Unlike a payoff letter that terminates all security interests in connection with the repayment and satisfaction of obligations under a credit facility, this collateral release letter removes collateral support, but leaves a credit facility intact as an unsecured facility.
Examples of collateral documents are a security agreement, guarantee and collateral agreement, pledge agreement, deposit account control agreement, securities account control agreement, mortgage, and UCC-1s.
Release of Collateral means that the securities placed in the “pledged” section of a participant's account are unblocked and released to the available section of the participant's account, therefore being available for any kind of trading operation . Sample 1.
