Bank Collateral Documents definition
Examples of Bank Collateral Documents in a sentence
The Company also expects to pledge and grant security interests in the Collateral, pursuant to the Bank Collateral Documents, as security for the Bank Credit Facility Obligations.
The Company also expects to pledge and grant security interests in the Collateral, pursuant to the Bank Collateral Documents, as security for any Bank Credit Facility Obligations.
As long as any Senior Loan Obligation exists or may become outstanding, the provisions of this Section 2.10 shall provide the exclusive method by which any Senior Loan Parties may exercise rights and remedies under the Bank Collateral Documents.
Bank acknowledges that any advances to Borrower in excess of the Additional Construction Note or Additional Term Note, together with advances by Bank to preserve its Collateral pursuant to the Bank Collateral Documents, shall only be secured by the Additional Collateral Mortgage in accordance with the terms of the Collateral Pledge and Security Agreement, and, otherwise, shall be subordinate to the Liens of CSDC and Manager unless their consent and further subordination agreement is obtained.
This Agreement shall expire on the earlier to occur of (a) the refinancing of the Bank Indebtedness, and (b) payment of the Bank Indebtedness; provided, however, the provisions hereof shall continue during the pendency of any action by Bank to enforce its rights under the Bank Collateral Documents.