Textron Collateral Sample Clauses

Textron Collateral. On the date Textron's security interest in the Textron Collateral is terminated in accordance with the terms of the Textron Documents, the Textron Collateral shall be deemed Collateral as if it were set forth in Section 2.1 and included on Exhibit "C". Commencing at such time the Lenders shall have a first priority lien and security interest therein pursuant to this Pledge Agreement and the Borrower shall within ten (10) Business Days after the expiration of Textron's security interest deliver to and register in the name of the Agent (including in compliance with Section 2.2) those items on Exhibit "F" hereto, together with any other such documents necessary to perfect the Lenders' first priority lien and security interest therein and to grant control to the Agent under Article 8.
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Textron Collateral. The Borrower shall take all action which is necessary or advisable in order for the Lenders to obtain, and the Lenders shall receive, a first priority lien and security interest in the Textron Collateral after the lien of Textron in the Textron Collateral terminates.
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Textron Collateral. Subject to the terms of the Collateral Sharing Agreement and the Convertible Note Pledge Agreement, the Borrower shall take all action which is necessary or advisable in order for the Noteholders to obtain, and the Noteholders shall receive, a first priority lien and security interest in the Textron Collateral not less than ten (10) Business Days following the date the lien of Textron in the Textron Collateral terminates.
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Textron Collateral. On the date Textron's security interest in the Textron Collateral is terminated in accordance with the terms of the Textron Documents, the Textron Collateral shall be deemed Collateral as if it were set forth in Section 2.1 and included on Exhibit "C". Other than the prompt delivery of such Textron Collateral (and delivery of appropriate endorsements in blank and all certificates and documents required by the Securitization Trustee for transfer) to Value Partners, Ltd. as agent for the Convertible Noteholders for purposes of registration in the name of Value Partners, Ltd. and delivery to the Collateral Agent, the Borrower represents and warrants that no further action on the part of the Borrower is required to obtain an effective perfected pledge of the Textron Collateral. Commencing at such time the Noteholders shall have a first priority lien and security interest therein pursuant to this Pledge
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Related to Textron Collateral

  • 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.

  • Release of Lien on Collateral At the same time as (i) any Collateral expires by its terms and all amounts in respect thereof have been paid in full by the related Obligor and deposited in the Collection Account, (ii) such Loan has been the subject of a Discretionary Sale pursuant to Section 2.14, has been sold to the Seller as required under the Sale Agreement or has been sold pursuant to Section 6.5 or (iii) this Agreement terminates in accordance with Section 12.6, the Administrative Agent, as agent for the Secured Parties will, to the extent requested by the Collateral Manager, release its interest in such Collateral. In connection with any sale of such Collateral, the Administrative Agent, as agent for the Secured Parties, will after the deposit by the Collateral Manager of the Proceeds of such sale into the Collection Account, at the sole expense of the Collateral Manager, execute and deliver to the Collateral Manager any assignments, bills of sale, termination statements and any other releases and instruments as the Collateral Manager may reasonably request in order to effect the release and transfer of such Collateral; provided that, the Administrative Agent, as agent for the Secured Parties, will make no representation or warranty, express or implied, with respect to any such Collateral in connection with such sale or transfer and assignment. Nothing in this section shall diminish the Collateral Manager’s obligations hereunder with respect to the Proceeds of any such sale.

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

  • 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.

  • 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.

  • Security Interests in Collateral To secure their Obligations under this Agreement and the other Loan Documents, the Loan Parties shall grant to the Collateral Agent, for its benefit and the ratable benefit of the other Secured Parties, a first-priority security interest in all of the Collateral pursuant to the Security Documents.

  • Release of Liens on Collateral (a) The Collateral Trustee’s Liens upon the Collateral will be automatically released:

  • Grant of General Security Interest in Collateral 3.1 As security for the Obligations of Debtor, Debtor hereby grants the Collateral Agent, for the benefit of the Lenders, a security interest in the Collateral.

  • No Collateral Notwithstanding any provision of this Confirmation, the Agreement, Equity Definitions, or any other agreement between the parties to the contrary, the obligations of Counterparty under the Transaction are not secured by any collateral.

  • Security Interest in Financed Equipment Immediately prior to the sale, assignment and transfer thereof, each Receivable shall be secured by a validly perfected first priority security interest in the Financed Equipment in favor of CNHICA as secured party or all necessary and appropriate actions have been commenced that would result in the valid perfection of a first priority security interest in the Financed Equipment in favor of CNHICA as secured party.

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