Collateral Property definition
Examples of Collateral Property in a sentence
The Company shall comply, and shall cause each other Subsidiary to comply, and the Company shall use, and shall cause each other Subsidiary to use, commercially reasonable efforts to cause all other Persons occupying, using or present on the Collateral Properties to comply with all Environmental Laws with respect to each Collateral Property the failure with which to comply could reasonably be expected to have a Material Adverse Effect with respect thereto.
The Company will not, and will not cause or permit any of the Collateral Guarantors to create, incur, assume or otherwise cause to exist or become effective any Lien securing Debt upon any Collateral Property other than Collateral Property Permitted Liens.
To the extent applicable, any such Subsidiary that owns Collateral or any Collateral Property shall comply with the requirements set out in clause (i) of the definition of Collateral Asset Sale.
This Note and the other Notes will be secured by security interests on the Collateral, subject to Permitted Liens, Collateral Property Permitted Liens and any other limitation on the extent to which the Collateral secures the Notes Obligations contemplated by the Pledge Agreement, as set forth in Article Fourteen of the Indenture.