After-Acquired Collateral definition

After-Acquired Collateral means any property of any Issuer or any Senior Secured Note Guarantor that secures any First Lien Obligations, subject to the Agreed Security Principles.

After-Acquired Collateral means all (i) assets or property of the Issuer and the Guarantors acquired after the date hereof and (ii) all Equity Interests in Restricted Subsidiaries acquired by Ayr Wellness, any Guarantor or a Restricted Subsidiary after the date hereof, in each case, which constitute Collateral.

After-Acquired Collateral shall have the meaning specified in Section 4.18(a).

Examples of After-Acquired Collateral in a sentence

• Each Holder, by accepting a Note, authorizes and directs the Trustee to enter into, and agrees to all the terms and provisions of, the Collateral Documents, including the After-Acquired Collateral Documents, as the same may be amended from time to time pursuant to the provisions of the Collateral Documents, the After-Acquired Collateral Documents and this Indenture.

• Upon the consummation of any Acquisition Transaction, Borrower shall within three (3) Business Days execute and deliver to Bank the documents necessary to grant Bank a first lien priority interest in any After-Acquired Collateral (other than Excluded Assets).

• After-Acquired Collateral; Future Advances.(A) Except as otherwise provided in subsection (B), a security agreement may create or provide for a security interest in after-acquired collateral.

• Further Assurances and After-Acquired Collateral 99 Section 5.15.

• The Official Comment reiterates that the statute “rejects any requirement that a description is insufficient unless it is exact and detailed (the so-called ‘serial number’ test.).” ....Regarding what constitutes a sufficient description of after-acquired property, the Official Comment provides: After-Acquired Collateral.

More Definitions of After-Acquired Collateral

After-Acquired Collateral means all assets or property of the Obligors acquired after the date hereof which, when acquired, constitute Collateral.

After-Acquired Collateral means, with respect to any Person, the assets, Capital Securities, collateral or any other property of any kind or description, tangible or intangible, wheresoever located of any Person.

After-Acquired Collateral means any property of the Loan Parties that is added by Borrower or such Loan Party as Collateral after the Closing Date.

After-Acquired Collateral means all assets or property of the Issuer and the Guarantors acquired after the Issue Date which, when acquired, constitute Collateral.

After-Acquired Collateral means Collateral other than (i) Collateral existing as of December 31, 2010 and (ii) replacements of or improvements to Collateral existing as of December 31, 2010; provided that, for avoidance of doubt, neither any replacements of the Collateral which is being disposed of pursuant to the ENT Asset Sale nor the Net Available Proceeds of the ENT Asset Sale shall be considered After Acquired Collateral.

After-Acquired Collateral means and property or assets (other than Excluded Assets) of Holdings, the Issuer or any Subsidiary Guarantor that secures or is required to secure any Senior Credit Facilities Obligations that is not already subject to the Lien under the Security Documents.

After-Acquired Collateral means all Property of the Issuers and the Guarantors acquired or owned after the Issue Date which, when acquired or otherwise owned, constitutes Collateral.