Creditor Collateral definition

Creditor Collateral means, collectively, (a) all of the Collateral, as defined in each of the respective Security Agreements executed by any Grantor, and (b) any other property, whether tangible or intangible, at any time securing the Obligations, or any part thereof, whether such Lien securing any of the Obligations shall have been granted to, or otherwise obtained by, Lender.

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Creditor Collateral means the following: all equipment of Borrower financed by Creditor and pledged as security under a certain Master Loan and Security Agreement dated May 28, 1998 between Creditor and Borrower and all proceeds of the foregoing.

Creditor Collateral means any property now existing or hereafter acquired which may at any time be or become subject to a Lien in favor of the Creditor pursuant to the [__________ Agreement,] the Subordinated Note or otherwise, securing payment and performance of the Subordinated Debt.

Examples of Creditor Collateral in a sentence

• Pursuant to paragraph 12 of the Collateral Agency Agreement, as a condition to any Additional VPF Creditor Collateral being subject to the terms of Collateral Agency Agreement ADCP2 shall provide each Creditor Party with written notice thereof.

• Each Creditor irrevocably authorizes, appoints, and empowers the Collateral Agent to act as such Creditor's attorney-in-fact with respect to the Creditor Collateral, or any part thereof, or under or with respect to any of the Collateral Documents, as the Collateral Agent may deem necessary or advisable for the enforcement of the provisions of this Article X or the Collateral Documents, or to otherwise carry out the intent of the provisions of this Article X.

• The Junior Creditor shall have no right to take any action with respect to the Senior Creditor Collateral, whether by judicial or non-judicial foreclosure, notification to the Debtor's account debtors, or otherwise, unless and until all Senior Creditor Obligations have been fully and indefensibly paid.

• If Senior Creditor shall be required by the UCC or any other applicable law to give notice to Junior Creditor of any action taken or to be taken by Senior Creditor against or with respect to any or all of the Senior Creditor Collateral, such notice shall be given in accordance with Section 23 above and five (5) days' notice shall be conclusively deemed to be commercially reasonable.

• Each Creditor agrees that any security interest or Lien granted to any Creditor with respect to the Creditor Collateral, or any part thereof, whether granted prior to, or on or after, the date of this Agreement, shall be deemed to be held by such Creditor for the benefit of the Lending Parties pursuant to the terms of this Agreement.

• Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies the First Lien Agents or the Senior Creditors may have with respect to the Senior Creditor Collateral.

• In the event it becomes necessary for First Lien Agent, any First Lien Creditor, Collateral Agent, or any Second Lien Creditor to commence or become a party to any proceeding or action to enforce the provisions of this Agreement, the court or body before which the same shall be tried shall award to the prevailing party all costs and expenses thereof, including reasonable attorneys’ fees, the usual and customary and lawfully recoverable court costs, and all other expenses in connection therewith.

• Notwithstanding the foregoing and subject to Section 3.01(f), nothing in this Section 3.03(b) shall abridge the Executive’s rights with respect to vested benefits under any Benefit Plan.

• At the request of Senior Creditor, Junior Creditor shall promptly provide Senior Creditor with any necessary or appropriate releases to permit the collection, sale or other disposition of any or all of the Senior Creditor Collateral by Senior Creditor free and clear of Junior Creditor's security interests and liens.

• Until the Priority Senior Debt has been indefeasibly paid in full in cash, any liens and security interests of Shelter Island in the Collateral shall be and hereby are subordinated for all purposes and in all respects to the liens and security interests of Senior Creditor in the Senior Creditor Collateral, regardless of the time, manner or order of perfection of any such liens and security interests.

More Definitions of Creditor Collateral

Creditor Collateral means all of Debtor’s present and after-acquired equipment and intellectual property, including any copyrights, patents, trademarks, servicemarks and applications therefor, now owned or hereafter acquired, or any claims for damages by way of any past, present and future infringement of any of the foregoing (collectively, the “Intellectual Property”), and the proceeds from the sale or disposition of all or any part, or rights in, foregoing.

Creditor Collateral means all of the property of Borrower, now owned and hereafter acquired, other than the Bank Collateral. (“Collateral” as used in this Agreement shall mean Bank Collateral or Creditor Collateral, as the case may be.)

Creditor Collateral means any property now existing or hereafter acquired which may at any time be or become subject to a Lien in favor of the Creditor pursuant to the [____________ Agreement,] the Subordinated Note or otherwise, securing payment and performance of the Subordinated Debt.

Creditor Collateral as defined in the U.S. Intercompany Note Pledge Agreement.