Gainesville Collateral definition

Gainesville Collateral means all assets of Borrower relating to its operations at the Gainesville Facility, including but not limited to that certain equipment described in Schedule 1 attached hereto, and all inventory, work in process, leasehold improvements, intellectual property, trademarks, trade names and any other assets, books, records or materials of any kind relating to the development or production of lithium ion batteries at the Gainesville Facility, and, with respect to tangible property, to the extent located at the Gainesville Facility as of the date hereof.
Sample 1

Examples of Gainesville Collateral in a sentence

  • Notwithstanding the foregoing, Lender acknowledges and agrees that Borrower leases the premises on and in which the Gainesville Facility and the Gainesville Collateral are located and Borrower’s possession and control of such collateral is limited to the extent of such leasehold interest.

  • The Gainesville Collateral consists of all assets described in Section 1.2(g) hereof.

  • In the event that, prior to the Effective Foreclosure Date, any recipient of a Notification objects to the proposal set forth in the Notification, Lender may proceed with a foreclosure sale of the Gainesville Collateral upon any notice required by the UCC, and shall retain the right to bid at any foreclosure sale and/or to retain any proceeds of any such sale up to the amount of the Secured Obligations.

  • Borrower and its officers, employees, directors, shareholders, agents, attorneys, successors and assigns, shall not interfere with and shall reasonably cooperate with Lender to effectuate (i) exclusive access to the Gainesville Collateral by Lender or its designee, receiver or keeper, (ii) any sale or other disposal of the Gainesville Collateral by Lender, and (iii) all other acts by Lender contemplated under this Agreement or authorized or consented to by Borrower.

  • Commencing on the Effective Foreclosure Date, Borrower authorizes Lender to take dominion and control of all documents and materials relating to the ownership, use and operation of the Gainesville Collateral (to the extent that such materials are not included as Collateral), wherever located.

  • Commencing on the Effective Foreclosure Date, Borrower authorizes Lender to maintain the location of all or any portion of the Gainesville Collateral located on premises occupied, leased by, or controlled by Borrower where such Gainesville Collateral may now or hereafter be situated, or such other location selected by Lender, and to conduct a sale or sales of the Gainesville Collateral from any such premises.

  • Borrower consents to the acceptance by Lender of the Gainesville Collateral in full satisfaction of the Secured Obligations and waives any right to Notification, any right to notification of disposition of the Gainesville Collateral under Section 9-611 (to the extent applicable) and any right to redeem the Gainesville Collateral under Section 9-623.

  • In light of the Existing Event of Default, and in order to facilitate an orderly liquidation of the Gainesville Collateral, Borrower hereby reaffirms its obligations under the Transaction Documents and, so long as Borrower has possession and control of the Gainesville Factory, agrees to provide to Lender such access to the Gainesville Facility and the Gainesville Collateral that Borrower possesses and, in any event, agrees not to take any steps to prevent Lender’s access thereto.

  • Upon the Effective Foreclosure Date, upon Lender’s request, Borrower shall execute any and all documents reasonably requested by Lender to evidence the transfer of the Gainesville Collateral, including but not limited to Bills of Sale, and Assignments in form and substance reasonably satisfactory to Lender.

  • Conditioned upon Borrower’s compliance with all of the terms of this Agreement, and upon the Effective Foreclosure Date, Lender agrees to accept the Gainesville Collateral in full satisfaction of the Secured Obligations and Lender thereupon waives any right to (i) a deficiency claim against Borrower upon disposition of the Gainesville Collateral, (ii) convert the Debentures, and (iii) exercise the Warrants.

Related to Gainesville Collateral

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit L, with such amendments, modifications or supplements thereto as may be approved by the Administrative Agent.

  • Acceptable Collateral means any of the following assets of Borrower, if (x) held in or credited to any Collateral Account subject to a first priority Lien under the applicable Security Agreement and (y) the Collateral Requirement has been satisfied with respect thereto:

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Collateral has the meaning set forth in Section 2.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.

  • Environmental Infrastructure Facilities means Wastewater Treatment Facilities, Stormwater Management Facilities or Water Supply Facilities (as such terms are defined in the Regulations).

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

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

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Project Property means the real property on or for which preconstruction service or construction work is or will be provided.

  • Negotiable Collateral means all of Borrower’s present and future letters of credit of which it is a beneficiary, drafts, instruments (including promissory notes), securities, documents of title, and chattel paper, and Borrower’s Books relating to any of the foregoing.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • UCC Collateral is defined in Section 3.03.

  • Redevelopment Property means a property owned by the Company or a Consolidated Subsidiary (a) where the commenced leased square footage is less than 60% of the sum of net rentable square feet and redevelopment space, with reasonable adjustments to leased square footage determined in good faith by the Company, including adjustments for available power, required support space and common area and (b) that the Company reasonably characterizes as held in whole or in part for redevelopment.

  • Mortgaged Real Property means (a) each Real Property identified on Schedule 1.01(a) hereto and (b) each Real Property, if any, which shall be subject to a Mortgage delivered after the Closing Date pursuant to Section 5.11(c).

  • Subject Properties has the meaning specified in Section 5.13(a).

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Customer Property means the property, other than real property and IPR, including any equipment issued or made available to the Supplier by the Customer in connection with this Call Off Contract;

  • Other Properties shall have the meaning set forth in Section 9.1.