SENIOR COLLATERAL Sample Clauses

SENIOR COLLATERAL. The term “Senior Collateral” means the personal property of the Obligor described in Schedule A and any other real or personal property of the Obligor in which the Agent, any Lender or an Affiliate may hereafter be granted a security interest, mortgage interest or other similar interest.
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SENIOR COLLATERAL. Prior to the Senior Payment Date, the Collateral Agent agrees that all items of Senior Collateral (or instruments or certificates evidencing the same) it holds in its possession pursuant to Section 6.01 of the Non-Sharing Security and Guarantee Agreement shall be held by the Collateral Agent for the benefit, on a junior lien basis, of the Trustee and the 2009 Noteholders, PROVIDED that (i) prior to the Senior Payment Date, the Trustee shall not have any right to give any instructions or consents with respect to actions of the Collateral Agent relating to such Senior Collateral (or instruments or certificates evidencing the same) and (ii) at any time after the Senior Payment Date, the Collateral Agent may in its discretion (and shall, if requested by the Trustee) remit all items of Senior Collateral to the Trustee.
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SENIOR COLLATERAL. The term "SENIOR COLLATERAL" means the personal property of the Obligor described in SCHEDULE A and any other real or personal property of the Obligor in which the Agent, any Lender or an Affiliate may hereafter be granted a security interest, mortgage interest or other similar interest.
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SENIOR COLLATERAL. The Hydrocarbon Interests represented by the following leases (the “Retained Interests”): ●
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SENIOR COLLATERAL. Subordinated Lender has no, and will not take any, Junior Liens on any of the Senior Collateral.
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SENIOR COLLATERAL. (a) Notwithstanding the date, time, manner or order of grant, attachment or perfection of any Liens granted to Post Road and Thermo, and notwithstanding any provisions of the UCC, or any applicable law or decision or the Post Road Loan Documents or the Thermo Loan Documents, or whether either Post Road or Thermo holds possession of all or any part of the Collateral, as between Post Road and Thermo,
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SENIOR COLLATERAL. Prior to the Senior Payment Date, ----------------- the Collateral Agent (on behalf of itself and each other Senior Agent) agrees that all items of Senior Collateral (or instruments or certificates evidencing the same) it holds in its possession pursuant to Section 5(a) of the Senior Security Agreement or Section 4 of the Senior Pledge Agreement shall be held Junior Security Agreement ------------------------- (subject to Section 6.06 hereof) by the applicable Senior Agent for the benefit, on a junior lien basis, of the Trustee and the 2009 Noteholders, provided that (i) prior to the Senior Payment Date, the Trustee shall not -------- have any right to give any instructions or consents with respect to actions of any Senior Agent relating to such Senior Collateral (or instruments or certificates evidencing the same) and (ii) at any time after the Senior Payment Date, each Senior Agent may in its discretion (and shall, if requested by the Trustee, except as otherwise required by applicable law) remit all items of Senior Collateral to the Trustee.
Sample 1
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Related to SENIOR COLLATERAL

  • Possessory Collateral Immediately upon Borrower’s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower’s attorney and agent-in-fact, to endorse or assign the same on Borrower’s behalf.

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

  • Security Interest and Collateral In order to secure the payment and performance of the Secured Obligations, the Debtor hereby grants to the Secured Party a security interest (herein called the “Security Interest”) in and to the following property (hereinafter collectively referred to as the “Collateral”): SEE EXHIBIT A ATTACHED HERETO AND INCORPORATED HEREIN BY THIS REFERENCE.

  • Assemble Collateral Lender may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession.

  • Real Estate Collateral The Obligations shall be secured by Mortgages upon (x) all Real Estate owned by Obligors described on Schedule 7.3 and (y) all leasehold interests in Real Estate described on Schedule 7.3. The Agent may amend Schedule 7.3 from time to time to reflect thereon any Real Estate that constitutes Eligible Real Estate. The Mortgages shall be duly recorded, at Borrowers’ expense, in each office where such recording is required to constitute a fully perfected Lien on the Real Estate covered thereby. If any Obligor acquires (or otherwise desires to mortgage) any fee or leasehold interest in any Real Estate after the Fifth Amendment Closing Date, the Borrower Agent shall within ten (10) Business Days furnish to Agent a description of any such Real Estate in detail satisfactory to Agent and, upon written request of Agent (or the at the election of the Borrower Agent), the applicable Obligor shall forthwith (but in any event within sixty (60) days), (i), execute, deliver and record a Mortgage sufficient to create a first priority perfected Lien (or, where such Real Estate is subject to Permitted Purchase Money Debt and the documents evidencing such Debt permit Agent to hold a lien junior in priority on such Real Estate, a Lien junior in priority) in favor of Agent on such Real Estate and (ii) deliver all Related Real Estate Documents. Notwithstanding anything to the contrary in this Section 7.3, the Agent agrees that it shall not request that any Obligor mortgage to the Agent any Real Estate (i) encumbered by Permitted Purchase Money Debt, the terms of which expressly prohibit a Lien junior in priority on such Real Estate or (ii) having a value of less than (x) $5,000,000, individually or (y) $25,000,000, in the aggregate for all such Real Estate; provided that, for the avoidance doubt, the foregoing restriction shall not obligate the Agent to release any Lien on Real Estate or other Collateral in existence on the Fourth Amendment Closing Date. The Agent may amend Schedule 7.3 from time to time to reflect thereon any Real Estate that constitutes EligibleNotwithstanding anything in this Loan Agreement (including this Section 7.3) or any other Loan Document to the contrary, no Obligor shall deliver, execute or record any Mortgage pursuant to this Section 7.3 until the Agent and each Tranche A Lender shall have confirmed (such confirmation not to be unreasonably withheld, conditioned or delayed) that it has completed its flood insurance due diligence and flood insurance compliance with respect to such Real Estate.

  • Cap Collateral Reserved.

  • Security Interest in Collateral The provisions of this Agreement and the other Loan Documents create legal and valid Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of the Secured Parties, and such Liens constitute perfected and continuing Liens on the Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all third parties, and having priority over all other Liens on the Collateral except in the case of (a) Permitted Encumbrances, to the extent any such Permitted Encumbrances would have priority over the Liens in favor of the Administrative Agent pursuant to any applicable law or agreement and (b) Liens perfected only by possession (including possession of any certificate of title) to the extent the Administrative Agent has not obtained or does not maintain possession of such Collateral.

  • Photograph of the Mortgaged Property 9. Survey of the Mortgaged Property, unless a survey is not required by the title insurer.

  • Proceeds of Collateral Borrowers shall request in writing and otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account). If any Borrower or Subsidiary receives cash or Payment Items with respect to any Collateral, it shall hold same in trust for Agent and promptly (not later than the next Business Day) deposit same into a Dominion Account.

  • Rights in Collateral; Priority of Liens Borrower and each other Loan Party own the property granted by it as Collateral under the Collateral Documents, free and clear of any and all Liens in favor of third parties. Upon the proper filing of UCC financing statements, and the taking of the other actions required by Lender, the Liens granted pursuant to the Collateral Documents will constitute valid and enforceable first, prior and perfected (to the extent that Liens on the Collateral can be perfected by the filing of UCC financing statements) Liens on the Collateral in favor of Lender.

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