Applicable Collateral definition

Applicable Collateral means (a) with respect to the Obligations of the U.S. Credit Parties, the U.S. Collateral and (b) with respect to the Obligations of the Canadian Credit Parties, the Canadian Collateral and the U.S. Collateral.

Applicable Collateral shall have the meaning assigned to it in the Security Agreement.

Applicable Collateral means, individually and collectively, as the context may require, “Collateral” (as defined in this Agreement and in the Mezzanine A Loan Agreement).

Examples of Applicable Collateral in a sentence

• Each Applicable Collateral Agent and each Applicable Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise directed by a court of competent jurisdiction) and shall have no liability to any Grantor, any First Lien Claimholder or any other person as a result of such determination.

• If in connection with any such foreclosure or other exercise of remedies by the Applicable Collateral Agent, the Applicable Collateral Agent or related Applicable Representative of such Series of First Lien Obligations releases any guarantor from its obligation under a guarantee of the Series of First Lien Obligations for which it serves as agent prior to a Discharge of such Series of First Lien Obligations, such guarantor also shall be released from its guarantee of all other First Lien Obligations.

• No Lender shall claim (or support any claim by any third party) that a sale or other disposition of such Applicable Lender’s Applicable Collateral by such Applicable Lender was not commercially reasonable.

• As between the Secured Parties, the Applicable Collateral Agent (and in the case of the Additional Collateral Agent, acting at the direction of the Applicable Authorized Representative) shall have the right to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.

• Each Applicable Lender shall be deemed to have exercised reasonable care in the custody and preservation of its Applicable Collateral in its possession if such Applicable Collateral is accorded treatment reasonably equal to that which such Applicable Lender accords its own property.

More Definitions of Applicable Collateral

Applicable Collateral. (a) as of the Perfection Date, any Equipment and Inventory located in the States of Ohio and Texas, and (b) as of any date thereafter, (i) any Equipment or Inventory located in Ohio and Texas, and (ii) any Equipment or Inventory located in Ohio or Texas on or after the Perfection Date.

Applicable Collateral means (a) with respect to matters relating to US Security Documents, the US Collateral, and (b) with respect to matters relating to UK Security Documents, the UK Collateral.

Applicable Collateral means (a) as to the ABL Facilities Agreement, the ABL Facilities Collateral, (b) as to the European Facilities Agreement, the European Facilities Collateral and the Luxembourg Finance Pledged Collateral, (c) as to the US Revolving Facility Agreement or the US Term Facility Agreement, the US Facilities Collateral and (d) as to each Credit Agreement referred to above, but subject to Article XI, all Collateral subject to any Junior Lien securing the Obligations under and as defined in such Credit Agreement.

Applicable Collateral means, for each Loan, the portion of the Collateral specifically relating to the Store which corresponds to such Loan (as set forth on Schedule 4 attached hereto).

Applicable Collateral means (a) with respect to the Obligations of the U.S. Borrowers, Collateral in which a security interest is granted by a U.S. Borrower and (b) with respect to the Obligations of the Dutch Borrowers, Collateral in which a security interest is granted by a U.S. Borrower or a Dutch Borrower.

Applicable Collateral means (a) with respect to the Revolving Collateral Agent, the Revolving Collateral and (b) with respect to the Term Loan Collateral Agent, the Term Loan Collateral.

Applicable Collateral means all of the property (real or personal) in which any of the Deeds of Trust creates or purports to create a Lien, including fixtures but excluding all other goods (as that term is defined in the Washington Uniform Commercial Code).