BofA Collateral definition

BofA Collateral means the “Collateral” (as such term is defined in the BofA Loan Agreement as in effect on the date hereof).
Sample 1
BofA Collateral means all right, title and interest of Borrower now owned or hereafter acquired in and to the following property insofar as such property relates to the Project:
Sample 1

Examples of BofA Collateral in a sentence

  • Notice that the complainant has the right to request and receive, at no cost, auxiliary aids and services, language assistance services, and that this notice will be translated into the non-English languages as required in §§38.4(h) and (i), 38.34, and 38.36.

  • Post warranty period, the penalty will be deducted in quarterly AMC/ATS payment of respective type of licenses (Existing licenses, additional licenses or Rate card Licenses).

  • The Bank hereby terminates and releases any Lien they may now have in the BofA Collateral and authorizes Bank of America, N.A. and its counsel to record the UCC-3 in the appropriate jurisdictions necessary to give effect to such release.

  • As of the Third Amendment Effective Date the Borrower has deposited $4,846,873.54 into the BofA Collateral Account, which account is subject to the first priority liens of the Agent (for the benefit of the Lenders).

  • The Agent and the Lenders hereby terminate and release any Lien they may now have in the BofA Collateral and authorize Bank of America, N.A. and its counsel to record the UCC-3 in the appropriate jurisdictions necessary to give effect to such release.

  • The Debtors are further authorized, but not directed, to continue operating the BofA Collateral Account, which serves as a collateral account for certain obligations under the BofA Card Program, in the ordinary course of business in accordance with paragraph 3 of this Interim Order, and any prepetition security interest in the BofA Collateral Account held by Bank of America shall continue.

  • Allowed Class 2 Claims shall be satisfied as follows: (i) the Reorganized Debtors shall continue to make the BofA Monthly Payment to BofA and (ii) BofA shall retain its existing security interests and Liens against the BofA Collateral.

  • The terms and conditions of the prepetition BofA Card Program shall remain in effect, the BofA Collateral Account shall continue to secure all prepetition obligations with respect to the BofA Card Program and the BofA Collateral Account shall also secure all obligations with respect to the BofA Card Program arising postpetition, without any additional documentation executed between the Debtors and Bank of America.

  • The Credit Parties shall not be permitted to withdraw any amounts deposited from time to time in the BofA Collateral Account without the prior written consent of the Required Lenders and the Agent if the aggregate balance in the Accounts (as defined in Section 4(i) of the Third Amendment) is at any time above $4,000,000.

Related to BofA Collateral

  • UCC Collateral is defined in Section 3.03.

  • 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.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

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

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

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

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

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

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian 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 Canadian Secured Obligations.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.