Collateral definition
Examples of Collateral in a sentence
The Trust Fund consists primarily of three componentized senior promissory notes and three componentized junior promissory notes secured by certain Collateral held in trust by the Trustee evidencing a fixed rate loan (the “Trust Loan”).
The Trust Fund consists primarily of four senior promissory notes and four junior promissory notes secured by certain Collateral held in trust by the Trustee evidencing a componentized fixed-rate loan (the “Trust Loan”).
Without limiting the generality of the foregoing, all Collateral given to secure the Obligations of Borrower under the Agreement and the other Loan Documents prior to the date hereof does and shall continue to secure all Obligations of Borrower under the Agreement, as amended hereby and the other Loan Documents, and, except as provided in the Agreement and the other Loan Documents, no such Collateral shall be released until all conditions to such release contained in the Loan Documents are satisfied.
The Servicer on behalf of the Borrower will execute and file (or cause the execution and filing of) such financing and continuation statements and any other documents that may be required by any law or regulation of any Governmental Authority to preserve and protect fully the interest of the Administrative Agent as agent for the Secured Parties in, to and under the Collateral.
The Borrower agrees to cause the delivery to the Servicer promptly (but in no event later than two (2) Business Days after receipt) all Collections (including any Deemed Collections) received by ▇▇▇▇▇▇▇▇ in respect of the Loans that are part of the Collateral.