Ark Real Estate Collateral definition
Ark Real Estate Collateral means all of Ark Real Estate’s right, title and interest in and to the Units, all equipment and fixtures at any time located thereon or therein, all other personal property located thereon or therein or used in connection therewith and such other related collateral as Bank may require, whether now owned or hereafter acquired, whether now existing or hereafter created or arising.
Examples of Ark Real Estate Collateral in a sentence
The Obligations shall be secured at all times by (a) a perfected, first priority mortgage on, collateral assignment of and security interest in all Ark Real Estate Collateral; (b) a perfected, first priority security interest in all Ark Shuckers Collateral; and (c) a perfected, first priority security interest in all Ark Island Collateral, subject to any limitations set forth in the Mortgage and the Security Agreements.