Ally Collateral definition

Ally Collateral means the ALLY Priority Collateral (as such term is the defined in the ALLY Intercreditor Agreement) and the ALLY Pledged Funds.
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Ally Collateral means (i) all automobiles, vans, or light duty trucks that are not manufactured for a particular commercial purpose (herein, “Vehicles”), (ii) all accounts, (iii) all general intangibles (including but not limited to all intellectual property and all licenses in relation thereto), (iv) all chattel paper and (v) certain deposit accounts (together with all replacements, substitutions, or additions to such deposit accounts (such deposit accounts collectively, the “Ally Collateral Accounts”), along with all cash, cash equivalents, or other collections in such Ally Collateral Accounts (in each case of items (ii) through (v), each category of the Ally Collateral, as defined in the UCC as in effect in the State of Arizona) owned by Carvana, LLC, a Subsidiary of the Company, wherever located, whether now existing or thereafter arising or acquired (including property that is reacquired by Carvana, LLC for any reason, including but not limited to: voluntarily or involuntarily, through the unwinding of a transaction, by operation of law such as resulting from an avoidance action, or otherwise), together with any and all accessions, additions, attachments, replacements, substitutions, returns, profits and proceeds (as “proceeds” is defined in the UCC as in effect in the State of Arizona) in whatever form or type that are the subject of the Liens in favor of the Ally Parties pursuant to the Inventory Financing and Security Agreement, dated September 22, 2022, by and among Carvana, LLC and the Ally Parties (as in effect on September 22, 2022, as amended by the amendment thereto to be entered into as at the Issue Date and as further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time in accordance with the Ally Intercreditor Agreement).
Sample 1Sample 2
Ally Collateral means (i) all automobiles, vans, or light duty trucks that are not manufactured for a particular commercial purpose (herein, “Vehicles”), (ii) all accounts, (iii) all general intangibles (including but not limited to all intellectual property and all licenses in relation thereto), (iv) all chattel paper and (v) certain deposit accounts (together with all replacements, substitutions, or additions to such deposit accounts (such deposit accounts collectively, the “Ally Collateral Accounts”), along with all cash, cash equivalents, or other collections in such Ally Collateral Accounts (in each case of items (ii) through (v), each category of the Ally Collateral, as defined in the Uniform Commercial Code (as determined pursuant to and in accordance with the IFSA)) owned by Carvana, LLC, a Subsidiary of the Company, wherever located, whether now existing or thereafter arising or acquired (including property that is reacquired by Carvana, LLC for any reason, including but not limited to: voluntarily or involuntarily, through the unwinding of a transaction, by operation of law such as resulting from an avoidance action, or otherwise), together with any and all accessions, additions, attachments, replacements, substitutions, returns, profits and proceeds (as “proceeds” is defined in the Uniform Commercial Code (as determined pursuant to and in accordance with the IFSA)) in whatever form or type that are the subject of the Liens in favor of the Ally Parties pursuant to the Inventory Financing and Security Agreement, dated September 22, 2022, by and among Carvana, LLC and the Ally Parties (as in effect on September 22, 2022, as amended by the amendment thereto to be entered into as at the Issue Date and as further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time in accordance with the Ally Intercreditor Agreement, the “IFSA”).
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More Definitions of Ally Collateral

Ally Collateral means the property of certain Borrowers described in Exhibit B.
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Related to Ally Collateral

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

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

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

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • 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.

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

  • Term Loan Priority Collateral as defined in the Intercreditor 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.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • 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.

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

  • UCC Collateral is defined in Section 3.03.

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

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • 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.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • 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.

  • Personal Property Collateral means all Collateral other than Real Property.

  • 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.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

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

  • Excluded Collateral shall have the meaning assigned to such term in the Security Agreement.

  • Canadian Collateral means any and all property owned, leased or operated by a Person covered by the Canadian Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • Collateral has the meaning set forth in Section 2.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit L, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent.