Debtor Collateral definition

Debtor Collateral is defined in Section 2.1 of this Agreement.
Sample 1Sample 2
Debtor Collateral shall have the meaning assigned to it in Section 2.1.
Sample 1Sample 2
Debtor Collateral means the assets of each Seller, whether now owned or hereafter acquired, in which a Lien is granted or purported to be granted by the respective Seller to each of the Debtors as security for the applicable Sellers Secured Obligations, namely:
Sample 1

Examples of Debtor Collateral in a sentence

  • The Site Agent is responsible for monitoring areas where the contractor’s work may directly affect staff and pupils and checking whether expected controls are in place and working effectively.

  • Borrower will follow the practices and procedures set forth in the Credit Policy in order to realize upon such Account Debtor Collateral.

  • Borrower will use its reasonable efforts to repossess or otherwise comparably convert the ownership of any Account Debtor Collateral with respect to Defaulted Loan Paper.

  • Subject to the Carve-Out (as defined below) the Junior Adequate Protection Liens shall be second priority perfected liens on all of the Term Loan Debtor Collateral, subject to the valid and perfected security interests in, and senior liens on, the Term Loan Debtor Collateral in favor of the Term Loan Secured Parties.

  • Borrower will use its reasonable efforts to repossess or otherwise comparably convert the ownership of any Account Debtor Collateral with respect to Defaulted Loan Paper in accordance with the Credit Policy and the Accepted Servicing Practices.

  • Absent authorization from the Court to use Debtor Collateral, including Debtor Cash Collateral, on an interim basis pending a Final Hearing, the Debtors and their creditors will be immediately and irreparably harmed.

  • The Debtor Collateral also includes any cash in which the Debtors have an interest and in which the Prepetition Secured Parties have perfected security interests as of the Petition Date.

  • Consistent with the purposes underlying the provision of adequate protection, the proposed Interim Order provides the Prepetition Secured Parties with more than sufficient adequate protection to protect them from any diminution invalue of their interests in the Debtor Collateral during the pendency of the Chapter 11 Cases.

  • However, the Restructuring Support Agreement provides that the forbearance described above is conditioned on the Prepetition Secured Parties receiving adequate protection for any diminution in value to their Debtor Collateral resulting from imposition of the automatic stay or the post-petition use, sale or lease of such property.

  • As set forth above, the use of Debtor Collateral, including Debtor Cash Collateral, on the terms described herein is critical to their ability to operate their business in the ordinary course.


More Definitions of Debtor Collateral

Debtor Collateral is defined in SECTION 2.1 of this Agreement.
Sample 1
Debtor Collateral means any property or interest in property of the
Sample 1

Related to Debtor Collateral

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • UCC Collateral is defined in Section 3.03.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Borrower Collateral means all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of the following:

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Prepetition Collateral shall have the meaning provided in Section 3.1(b).

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Collateral has the meaning set forth in Section 2.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Foreign Collateral means all Collateral of Foreign Loan Parties securing the Guaranteed Foreign Obligations.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Excess Collateral has the meaning set forth in Section 5.7.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).