Collateral and Security definition

Collateral and Security. The Facility will be secured by a first-priority lien on 80% of the value of the Loan Parties’ existing oil and gas properties and related real property interests and a security agreement on all personal property assets of the Loan Parties. A negative pledge shall exist on all other assets of the Loan Parties.
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Collateral and Security means the Mortgaged Property, Proceeds and ----------------------- all other collateral and security for the Loan.
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Collateral and Security means any form of collaterals and guarantees for properties, assets and revenues of a certain party that are provided with respect to obligations or liabilities of another party, including but not limited to mortgages, hypothecs, liens, fiduciaries, borgtocht and/or corporate guarantee.
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Examples of Collateral and Security in a sentence

  • Notwithstanding the foregoing, to the extent that the Trustee (or any agent or bailee thereof) shall have in its possession or control any Collateral, the Trustee shall have the same duties as to such Collateral as the Security Agents pursuant to Section 11.1 (Collateral and Security Documents).

  • Holder has the right, upon its election, to perfect the Collateral and security and this Collateral and Security Agreement by filing a financing statement or like instrument with its proper local, state, or federal institution, bureau, government, or public office.

  • Holder has the right, upon its election, to perfect the Collateral and security and this Collateral and Security Agreement by filing a financing statement or like instrument with its proper local, state, or federal institution, bureau, government, or public office or take other such action as may be required by applicable law.

  • Collateral Agent shall act for and on behalf of the Lenders and the Holders in connection with all Collateral and Security Documents.

  • On and after the First Lien Obligations Payment Date, and at any time prior thereto following the expiration of any applicable Standstill Period pursuant to Section 3.02(a)(i) above, and subject to the first sentence of this Section 3.04(a) and Article 10 hereof, Collateral Agent agrees that it shall follow instructions of Second Lien Secured Parties with respect to the Collateral and Security Documents.

  • Each Lender, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and Security Documents, to have agreed to the foregoing provisions.

  • The Lenders hereby authorize the Collateral Agent to execute and deliver the aforementioned amendments, supplements and/or other modifications and any aforementioned new Security Documents and take any other action (including, without limitation, such actions and steps described in Section 7.12(b) of the Credit Agreement) with respect to any Collateral and Security Documents as the Collateral Agent may deem necessary to effect the Secured Third Party Credit Obligations Cap Increase.

  • SCHEDULE 2.9.1(B) hereto lists each Letter of Credit, existing on the Closing Date for which cash collateral was deposited in a "Cash Collateral Account" as such term is defined in and subject to the terms of that certain Cash Collateral and Security Agreement, dated as of February 9, 2001, by and between Res-Care and PNC Bank.

  • No failure on the part of Secured Party to exercise, no course of dealing with respect to, and no delay in exercising, any right, power or privilege under this Collateral and Security Agreement shall operate as a waiver thereof nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

  • Such insurance shall be in an amount equal to the greatest of (i) the then full replacement cost of the Improvements and Equipment, without deduction for physical depreciation, (ii) the Allocated Loan Amount of the Mortgaged Property (as such term is defined in the Cash Management, Collateral and Security Agreement), and (iii) such amount that the insurer would not deem Mortgagor a co-insurer under said policies.

Related to Collateral and Security

  • Loan and Security Agreement “thereunder”, “thereof” or similar words referring to the Loan Agreement shall mean and be a reference to this Agreement and (b) each reference in the Financing Agreements to a “Note” or “Revolving Credit Note” shall mean and be a Revolving Credit Note as defined in this Agreement.

  • Guaranty and Security Agreement means a guaranty and security agreement, dated as of even date with this Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by each of the Loan Parties to Agent.

  • Pledge and Security Agreement means the Pledge and Security Agreement executed and delivered by the Borrower and each Guarantor on the Closing Date in form and substance acceptable to the Initial Lender and the Collateral Agent, as it may be amended, supplemented, restated or otherwise modified from time to time. For the avoidance of doubt, the terms of the “Pledge and Security Agreement” shall include the terms of all Applicable Annexes (as defined in the Pledge and Security Agreement).

  • Guarantee and Security Agreement means that certain Guarantee and Security Agreement dated as of the Effective Date among the Borrower, the Administrative Agent, each Subsidiary of the Borrower from time to time party thereto, each holder (or an authorized agent, representative or trustee therefor) from time to time of any Secured Longer-Term Indebtedness or Secured Shorter-Term Indebtedness, and the Collateral Agent.

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