Collateral Pledge Effective Date

Example Definitions of "Collateral Pledge Effective Date"
Collateral Pledge Effective Date. Means the first day on which the Collateral Agent, on behalf of the Lender, has been granted a valid and enforceable, perfected, first priority Lien on the Collateral, subject only to Permitted Liens, on terms reasonably acceptable to the Lender.
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