AR Lender Priority Collateral definition

AR Lender Priority Collateral means all right, title and interest of Operator in and to the following: (a) all Accounts arising from the delivery of goods and rendering of services by Operator prior to the Cut-Off Time and the proceeds thereof; (b) all Deposit Accounts and the proceeds thereof; and (c) all Accounts arising after the Cut-Off Time and the proceeds thereof solely to the extent of (and in the amount of) Protective Advances made after the Cut-Off Time in accordance with the terms of this Agreement provided that the collateral should be prioritized in accordance with Section 2.1.

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AR Lender Priority Collateral means all right, title and interest of Hospital in and to the following: (a) all Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof and (b) all Deposit Accounts and the proceeds thereof; provided that, from and after the Ceased Funding Date, the aggregate amount of Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof included as “AR Lender Priority Collateral” shall not exceed the Cap Amount.

AR Lender Priority Collateral means all right, title and interest of Lessees in, to and under all personal property, Real Estate (as defined in the AR Lender Loan Agreement) (other than the Facilities) and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of, Lessees (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, Borrowers, and regardless of where located including the following: (a) all Accounts; (b) all Books; (c) all Chattel Paper; (b) all Documents; (c) all General Intangibles (including payment intangibles and Software); (d) all Goods (including Inventory, Equipment and Fixtures), other than the FHA Mortgagee’s Priority Collateral; (e) all Instruments; (f) all Investment Property; (i) all Deposit Accounts of all the Lessees, including all Blocked Accounts (as defined in the AR Lender Loan Agreement), Concentration Accounts (as defined in the AR Lender Loan Agreement) and all other bank accounts and all deposits therein; (g) all money, cash or cash equivalents of Lessees; (h) all Supporting Obligations and Letter-of-Credit Rights of Lessees; (i) any and all commercial tort claims; and (j) to the extent not otherwise included, all Proceeds, tort claims, insurance claims and other rights to payments not otherwise included in the foregoing and products of the foregoing and all accessions to, substitutions and replacements for, and rents and profits of, each of the foregoing. In addition, AR Lender has a right of setoff against the property of Lessees held by AR Lender consisting of property described above now or hereafter in the possession or custody of or in transit to AR Lender, for any purpose, including safekeeping, collection or pledge, for the account of Lessees, or as to which Lessees may have any right or power. In addition, “Collateral” shall include any “collateral” as defined in any other Security Document (as defined in the AR Lender Loan Documents).

Examples of AR Lender Priority Collateral in a sentence

Nothing in this Section 2.5(a) shall require any release of the AR Lender Priority Collateral.
AR Lender and FHA Lender have agreed upon AR Lender’s and FHA Lender’s respective rights in and to the AR Lender Priority Collateral and FHA Lender Priority Collateral which agreements and understandings are set forth below.
Any replacement operator or receiver who commences operating the Facility shall agree in writing to abide by the provisions of this Section 2.3(e) to the extent it, or its new lender, if any, comes into possession of any AR Lender Priority Collateral, provided, however, failure to secure such written agreement shall not subject FHA Lender to any liability nor affect the subordination and lien priorities set forth in this Agreement.
Notwithstanding the occurrence of a Cut-Off Time, the AR Lender shall have a first and prior security interest in the AR Lender Priority Collateral, and FHA Lender shall have a subordinate lien in the AR Lender Priority Collateral, until the AR Loan Obligations are Paid in Full.
For the avoidance of doubt, FHA Lender shall have a first and prior security interest in any Accounts arising from the delivery of goods and rendering of services by Operator at the Facility on or after the Cut-Off Time with respect to the Facility (except to the extent AR Lender makes Protective Advances), and such Accounts shall be considered FHA Lender Priority Collateral and not AR Lender Priority Collateral.
Any Accounts arising from the delivery of goods and rendering of services by Operator at the Facility after the Cut-Off Time Notice, but prior to the Cut-Off Time, shall be AR Lender Priority Collateral notwithstanding the collection of the same after the Cut-Off Time.
From and after the Cut-Off Time, all amounts received by AR Lender on account of the AR Lender Priority Collateral shall be applied solely to the AR Loan Obligations.
Nothing herein shall prevent AR Lender from collecting the full amount of the AR Loan Obligations from any guarantors thereof and/or from collateral other than the AR Lender Priority Collateral and/or the FHA Lender Priority Collateral.
Irrespective of whether or not AR Lender makes any Advances (including Protective Advances) after receiving the Cut-Off Time Notice, it shall retain a first priority lien on all AR Lender Priority Collateral.
The Possession Date Notice shall have no effect on AR Lender’s first priority lien on all AR Lender Priority Collateral.

More Definitions of AR Lender Priority Collateral

AR Lender Priority Collateral means all right, title and interest of Operator in and to the following: (a) all Accounts arising prior to the Cut-Off Time and the identifiable cash proceeds thereof and (b) all Accounts arising after the Cut-Off Time and the identifiable cash proceeds thereof solely to the extent of (and in the amount of) Protective Advances made after the Cut-Off Time in accordance with the terms of this Agreement provided that the collateral should be prioritized in accordance with section 2.1.3

AR Lender Priority Collateral means all right, title and interest of Borrower in and to the following: (a) all Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof and (b) all Deposit Accounts and the proceeds thereof; provided that, from and after the Ceased Funding Date, the aggregate amount of Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof included as “AR Lender Priority Collateral” shall not exceed the Cap Amount.

AR Lender Priority Collateral. As defined in the Intercreditor Agreements. Availability: At any time, an amount equal to the lesser of (i) the Loan Amount, or (ii) the Borrowing Base Amount.

AR Lender Priority Collateral. (composed of Accounts and as further defined in the Required Intercreditor Agreement), subject to the following limitations and requirements:

AR Lender Priority Collateral means all right, title and interest of