Designated Collateral definition

Designated Collateral. As defined in the Titling Trust Agreement.

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Designated Collateral shall have the meaning assigned to such term in Section 3.1 hereof.

Designated Collateral means, collectively, (i) any Collateral and (ii) any Indenture Collateral.

Examples of Designated Collateral in a sentence

Once established, the Borrower may not in any way alter or modify the Designated Collateral Proceeds Account.
Subject to the terms of this Agreement, the Administrative Agent will have the sole right to make withdrawals from the Designated Collateral Proceeds Account and all costs and expenses for establishing and maintaining the Designated Collateral Proceeds Account will be paid by Borrower.
Without limitation to the foregoing, each Grantor agrees to take, and to cause each other Grantor to take, such further action and to execute and deliver such additional documents and instruments (in recordable form, if requested) as the Designated Collateral Agent may reasonably request to effectuate the terms of and the lien priorities contemplated by the Intercreditor Agreement.
As between the Senior Secured Parties, the Designated Collateral Agent (acting at the direction of the Designated Senior Representative) shall have the right, but no obligation, to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.
Notwithstanding the foregoing, with respect to the remaining thirty percent (30%) of Net Cash Proceeds, the Borrower or the Guarantor which receives such Net Cash Proceeds shall either (x) make a principal prepayment of the Revolving Loans with such Net Cash Proceeds or (y) deposit such Net Cash Proceeds into the Designated Collateral Proceeds Account.

More Definitions of Designated Collateral

Designated Collateral shall have the meaning provided in Section 1.1(a) hereof.

Designated Collateral means the Shares of Capital Stock, other securities and investment property, promissory notes and other instruments, chattel paper and negotiable documents identified in Schedule 3.08.

Designated Collateral means, at any time prior to the date that all amounts under the Revolving Credit Agreement have been repaid and the commitments thereunder have been terminated, any Equipment or Real Estate, and at all times thereafter, any item of Collateral.

Designated Collateral means certificates of title for vehicles of the Loan Parties that do not constitute Borrowing Base Collateral.

Designated Collateral means (i) inventory at the 29 stores to be closed pursuant to the Debtor's June 27, 1997 Restructuring Presentation (the "Business Plan"), (ii) the real estate interests in 9 of such stores to be closed (and the 7 properties currently held for sale) and any related fixtures and equipment which presently secure the Existing Credit Facility (iii) the tax refund projected to be received by the Debtor during the Case and (iv) the proceeds of the promissory notes (in the aggregate principal amount of approximately $1,050,000) presently pledged to the Existing Lenders in connection with prior store dispositions and which mature on December 1, 1997.

Designated Collateral means (i) any Inventory at any time located at the 29 stores closed pursuant to the Business Plan on or after the Effective Date, (ii) the real estate interests at 9 of such closed stores (and the 7 other properties currently held for sale) and any related fixtures, equipment and vehicles (except items having an aggregate book value of not more than $600,000 which are transferred by the Borrower to other stores for use in its business), (iii) any tax refunds, including, without limitation, those resulting from the Small Business Job Retention Act of 1996 and filed for by the Debtor on October 9, 1996 and those resulting from carrybacks of net operating losses for fiscal year 1997 and (iv) any other assets which the Borrower determines are no longer useful in its business, including, without limitation, the real estate interests with respect to any additional stores which the Borrower determines to close, together with the Inventory located in such stores and any related fixtures, equipment and vehicles.

Designated Collateral means (a) as of the Closing Date, those certain parcels of leased Real Property which are identified on Schedule IV (Designated Leasehold Interests); provided that to the extent any such Real Property becomes an Eligible Real Property following the Closing Date, such parcel of Real Property shall automatically be deemed deleted from such Schedule, (b) from and after the Closing Date, those certain parcels of leased Real Property in respect of which the Borrower is unable (or not required) to obtain a Mortgage in accordance with the terms of Section 7.13 (Real Property), and (c) certificates of title for vehicles of the Loan Parties that do not constitute Borrowing Base Collateral.