Cross Collateral definition

Cross Collateral means (i) all collateral security supporting payment of the Cross-Default Obligations, and (ii) all right, title and interest, if any, of any Obligor in, to or with respect to predelivery payments or deposits made under any aircraft purchase agreement between any Obligor or any of its Affiliates, on the one hand, and Airbus or any of its Affiliates, on the other hand.
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Cross Collateral means, with respect to any Loan, all or any portion of the Primary Collateral pledged to secure (i) on a parity basis, any other Obligor Group Loan or Loans previously purchased by the Buyer, and/or (ii) on a subordinated basis, any other notes or indebtedness of the Obligor or any member of its Obligor Group, which Primary Collateral, in either case, also secures such Loan.
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Cross Collateral. Any collateral securing other loans with the credit union, except loans secured by real property used as your principal dwelling or property used for personal, family or household purposes, will also secure advances made under this agreement.
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Examples of Cross Collateral in a sentence

  • Cross Collateral: Any collateral securing other loans with the Credit Union, except loans secured by real property used as your principal dwelling or property used for personal, family or household purposes, will also secure advances made under this agreement.

  • Each Merchant hereby authorizes XXXX to file any financing statements deemed necessary by XXXX to perfect or maintain ALVA’s security interest, which financing statements may contain notification that each Merchant has granted a negative pledge to XXXX with respect to the Collateral and the Cross- Collateral, and that any subsequent lienor may be tortiously interfering with ALVA’s rights.

  • Except as otherwise provided in the Investment Documents, within five (5) Business Days of the State’s deposit of the Success Payments and Cross- Collateral Payment, if any, into the Investment Funds Subaccount, the Lead Provider shall disburse such Success Payments and Cross-Collateral Payment to the Investors pursuant to the terms and conditions of the Investment Documents.

  • Negative Pledge: Each Merchant agrees not to create, incur, assume, or permit to exist, directly or indirectly, any lien on or with respect to any of the Collateral or the Cross- Collateral, as applicable.

  • Within the Operating Account, the Lead Provider shall establish and maintain a separate subaccount for Direct Payments (as hereinafter defined) (the “Direct Payments Subaccount”) and a separate subaccount for the Investment Funds, Success Payments, and Cross- Collateral Payment, if any (the “Investment Funds Subaccount”) (the Direct Payments Subaccount and the Investment Funds Subaccount are hereinafter referred to individually as “Subaccount” and collectively as the “Subaccounts”).

  • Cross Collateral To secure your Account, you grant us a purchase money security interest under the Uniform Commercial Code (UCC) in any goods you purchase through the Account, except property used for personal, family or household purposes.

  • No Cross Collateral Loan shall occur unless you meet or exceed any minimum balance requirements imposed by Binance (if any) for your Futures Account.

  • Each Merchant hereby authorizes DC26 to file any financing statements deemed necessary by DC26 to perfect or maintain DC26’s security interest, which financing statements may contain notification that each Merchant has granted a negative pledge to DC26 with respect to the Collateral and the Cross- Collateral, and that any subsequent lienor may be tortiously interfering with DC26’s rights.

  • Each Merchant agrees to execute any documents or take any action in connection with this Agreement as XXX xxxxx necessary to perfect or maintain PAZ's first priority security interest in the Collateral and the Cross -Collateral, including the execution of any account control agreements.

  • Each Merchant hereby authorizes PAZ to file any financing statements deemed necessary by PAZ to perfect or maintain PAZ's security interest, which financing statements may contain notification that each Merchant has granted a negative pledge to PAZ with respect to the Collateral and the Cross- Collateral, and that any subsequent lienor may be tortiously interfering with PAZ's rights.


More Definitions of Cross Collateral

Cross Collateral and the other provisions below. The security interest extends to the proceeds of the Collateral and the proceeds of any insurance policy. Buyer also acknowledges that Seller has offered to sell the Vehicle for the cash price indicated, but that the Buyer has chosen to purchase on the terms and conditions of this Contract.
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Cross Collateral and the other provisions below. The security interest extends to the proceeds of the Collateral and the proceeds of any insurance policy. Buyer also acknowledges that Seller has offered to sell the Vehicle for the cash price indicated, but that the Buyer has chosen to purchase on the terms and conditions of this Contract. DESCRIPTION OF VEHICLE - COLLATERAL (FOR SECURITY PURPOSES ONLY) YEAR MAKE MODEL VEHICLE IDENTIFICATION NUMBER NEW/USED PRICE OF VEHICLE ---- ---- ----- ----------------------------- -------- ---------------- DETAIL SHOWN ON SECURITY AGREEMENT SCHEDULE E: EQUIPMENT LISTING TOTAL: $833,250.00 DESCRIPTION OF TRADE - IN EQUIPMENT YEAR MAKE MODEL VEHICLE IDENTIFICATION NUMBER ALLOWANCE PAYOFF PAYOFF DUE TO ---- ---- ----- ----------------------------- --------- -------------------- DETAIL SHOWN ON SECURITY AGREEMENT SCHEDULE E: EQUIPMENT LISTING TOTAL: $0.00 $0.00 ITEMIZATION OF AMOUNT FINANCED TOTAL CASH PRICE: Cash Price $ 833,250.00 Sales Tax $ 0.00 Title Fee $ 0.00 1. TOTAL CASH PRICE $ 833,250.00 DOWN PAYMENT: Net Trade-in $ 0.00 Cash $ 0.00 2. TOTAL DOWN PAYMENT $ 0.00 3. UNPAID CASH PRICE (1 - 2) $ 833,250.00 4. TOTAL AMOUNT OF INSURANCE PREMIUMS (4A+4B) $ 0.00 FEES: (Itemize) 5A. Official Fee(s) $ 0.00 5B. Document Preparation Fee $ 0.00
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Related to Cross Collateral

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • UCC Collateral is defined in Section 3.03.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Excess Collateral has the meaning set forth in Section 5.7.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Notes Collateral means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Notes Obligations.

  • Receivables Collateral That portion of the Collateral which consists of Accounts, Accounts Receivable, General Intangibles, Chattel Paper, Instruments, Documents of Title, Documents, Investment Property, Payment Intangibles, Letter-of-Credit Rights, bankers' acceptances, and all other rights to payment.

  • Collateral has the meaning set forth in Section 2.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Borrower Collateral means all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Securities Collateral means, collectively, the Pledged Securities, the Intercompany Notes and the Distributions.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • U.S. Collateral Agreement means the U.S. Guarantee and Collateral Agreement, as amended, supplemented or otherwise modified from time to time, in the form of Exhibit E, among Holdings, Intermediate Holdings, the U.S. Borrower, each Domestic Subsidiary Loan Party and the Collateral Agent.

  • Senior Collateral Documents means the Security Agreement and the other “Security Documents” as defined in the Credit Agreement, the Pari Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.