Collateral Package Clause Samples
The Collateral Package clause defines the specific assets or property that a borrower pledges to secure a loan or other financial obligation. This clause typically lists the types of collateral included, such as real estate, equipment, inventory, or receivables, and may outline the process for perfecting the lender's security interest in these assets. By clearly identifying what is included in the collateral, the clause ensures that both parties understand the scope of security provided, thereby reducing uncertainty and protecting the lender's interests in the event of default.
Collateral Package. Copies of the complete Collateral Packages for the Subject Policies satisfactory to the Administrative Agent as of the date of the Second Initial Advance.
Collateral Package. Copies of the complete Collateral Package for any Pledged Policies requested in writing by the Lender;
Collateral Package. 1. Collateral to include the following (together, the “Collateral”):
Collateral Package. Lender (or Custodian, as applicable) shall have received a Collateral Package for each Mortgage Loan and an Eligible Vendor or Custodian has inventoried such Collateral Package and provided a report of the contents of such Collateral Package to Lender;
Collateral Package. To the extent not previously delivered pursuant to Section 5.1, Lender (or Custodian, as applicable) shall have received a Collateral Package for each Mortgage Loan and an Eligible Vendor or Custodian has inventoried such Collateral Package and provided a report of the contents of such Collateral Package to Lender;
Collateral Package. 1. Collateral to include the following (together, the “Collateral”):