BB&T Collateral definition

BB&T Collateral collectively, (i) the BB&T Account, (ii) the BB&T Investments and (iii) cash on deposit in the BB&T Account in an amount not to exceed the sum of (x) $5,000,000 deposited by the Company on the Fourth Amendment Effective Date and (y) the aggregate amount of Proceeds of any BB&T Investments received by the Company after the Fourth Amendment Effective Date.
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BB&T Collateral means the cash, Short Term Treasury Securities and Long Term Treasury Securities of the Borrower that are the subject of a fully perfected first priority Lien granted pursuant to a Security Agreement to the Administrative Agent for the benefit of the Lenders to secure the whole or any part of the Obligations or any Guarantee thereof.
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Examples of BB&T Collateral in a sentence

  • No Loan Party nor any Subsidiary of a Loan Party will create, assume or suffer to exist any Lien on any BB&T Collateral now owned or hereafter acquired by it.

  • If all Collateral is cash or Short Term Treasury Securities, the Borrower shall maintain at all times a BB&T Collateral Coverage Ratio of at least 1.01:1.00.

  • If any Collateral is not cash or Short Term Treasury Securities, the Borrower shall maintain at all times a BB&T Collateral Coverage Ratio of at least 1.05:1.00.

Related to BB&T Collateral

  • UCC Collateral is defined in Section 3.03.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Account Collateral has the meaning set forth in Section 12.1(d).

  • 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.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.