Define: Firm Collateral
What does "Firm Collateral" mean? The meaning differs based on the contract. We found 3 definitions across 1 company in SEC filings.
Definition 1 (Blackstone Inc., seen in 1 filing)
Firm Collateral means a Partner’s or Withdrawn Partner’s interest in one or more partnerships or limited liability companies, in either case affiliated with the Partnership, and certain other assets of such Partner or Withdrawn Partner, in each case that has been pledged or made available to the Trustee(s) to satisfy all or any portion of the Excess Holdback of such Partner or Withdrawn Partner as more fully described in the Partnership’s books and records; provided, that for all purposes hereof (and any other agreement (e.g., the Trust Agreement) that incorporates the meaning of the term Firm Collateral by reference), references to Firm Collateral shall include Special Firm Collateral, excluding references to Firm Collateral in Section 4.1(d)(v) and Section 4.1(d)(viii).
Source: Blackstone Inc. 10-Q
Definition 2 (Blackstone Inc., seen in 1 filing)
Firm Collateral means collateral pledged by a Partner or Withdrawn Partner to satisfy Holdback obligations.
Source: Blackstone Inc. 10-Q
Definition 3 (Blackstone Inc., seen in 1 filing)
Firm Collateral means means a Partner’s or Withdrawn Partner’s interest in one or more partnerships or limited liability companies, in either case affiliated with the Partnership, and certain other assets of such Partner or Withdrawn Partner, in each case that has been pledged or made available to the Trustee(s) to satisfy all or any portion of the Excess Holdback of such Partner or Withdrawn Partner as more fully described in the Partnership’s books and records; provided , that for all purposes hereof (and any other agreement ( e.g. , the Trust Agreement) that incorporates the meaning of the term Firm Collateral by reference), references to Firm Collateral shall include Special Firm Collateral , excluding references to Firm Collateral in Section 4.1(d)(v) and Section 4.1(d)(viii).
Source: Blackstone Inc. 10-Q
Data extracted from 3 SEC EDGAR filings across 1 company. Source: Material contracts (Exhibit 10) filed under Regulation S-K.
This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.