Collateral Projects definition

Collateral Projects shall have the meaning assigned thereto in recital paragraph F hereof.
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Collateral Projects means all projects undertaken by AGENCY for CLIENT other than Advertising Projects, including but not limited to the preparation of brochures and other promotional materials, and other projects as agreed by CLIENT and accepted by AGENCY. For the AGENCY's services and outlays on CLIENT's behalf, the basis of the AGENCY's compensation shall be as follows:
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Examples of Collateral Projects in a sentence

  • Borrower shall not transfer any of the Collateral Projects (other than the replacement or other disposition of obsolete or non-useful personal property and fixtures in the ordinary course of business) other than in compliance with this Agreement and the other Debt Documents.

  • Upon the occurrence of a Major Default, Collateral Agent shall have the rights and remedies set forth herein and in the Mortgages and other Security Instruments, including without limitation, the right, upon the direction of any Directing Creditor, to foreclose upon and sell any or all of the Collateral Projects.

  • No Person other than the Borrower owns any interest in any payments due under any Leases affecting the Collateral Projects that is superior to or of equal priority with Collateral Agent's interest therein.

  • Borrower acknowledges that no Secured Creditors can control or otherwise assure the truthfulness or accuracy of such environmental reports, and that the release of such environmental reports, or any information contained therein, to prospective bidders at any foreclosure sale of the Collateral Projects may have a material and adverse effect upon the amount which a party may bid at such sale.

  • A list of the Projects that will be included in such collateral pool as of the Effective Date (the "Collateral Projects") is attached hereto as Schedule 1 and made a part hereof.

  • Collateral Agent hereby reserves the right, and Borrower hereby expressly authorizes Collateral Agent to make available to any party in connection with a sale of the Collateral Projects by Collateral Agent at a foreclosure sale or subsequent to foreclosure, any and all such environmental reports whether prepared on behalf of the Secured Creditors or by Borrower which Collateral Agent may have with respect to the Collateral Projects.

  • With respect to invasive testing, such as soil borings, the Secured Creditors shall consult with Borrower in advance of such tests, and any such tests shall be conducted in a manner that minimizes interference with Borrower's (or any tenant's) operations at the Collateral Projects.

Related to Collateral Projects

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Borrowing Base Properties means the Oil and Gas Properties of the Loan Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 8.12.

  • Collateral Pool means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (subject to any Lien permitted by Section 6.02 hereof with respect to such Portfolio Investment), provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected (subject to Permitted Liens under clause (g) of the definition thereof) security interest pursuant to a valid Uniform Commercial Code filing, such Portfolio Investment may be included in the Collateral Pool so long as all remaining actions to complete “Delivery” are satisfied in full within the longest period of (i) seven (7) days of such inclusion and (ii) as the Collateral Agent may agree in its reasonable discretion.

  • Collateral Proceeds means the Liquidation Proceeds of the Relevant Collateral or any Undeliverable Assets forming part of the Relevant Collateral (as the case may be) denominated in the Settlement Currency.

  • Collateral Proceeds Account a non-interest bearing cash collateral account established and maintained by the relevant Grantor at an office of the Collateral Account Bank in the name, and in the sole dominion and control of, the Collateral Agent for the benefit of the Secured Parties.