Hotel Collateral definition

Hotel Collateral means each of the following related to the operation of the Hotel Properties: Equipment, Building Materials, Inventory, Fixtures, Chattel Paper, Hotel Accounts, Instruments, Intellectual Property, Documents, General Intangibles, Books, Landscaping, and Proceeds.
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Hotel Collateral means all "Collateral" referred to in the Collateral Documents and all other property that is or is intended to be subject to any Lien in favor of the Collateral Agent or the Administrative Agent for the benefit of the Secured Parties.
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Examples of Hotel Collateral in a sentence

  • Make capital investments in the Hotel Collateral Properties of not less than 4% of the gross room revenue generated on the Hotel Collateral Properties for the purpose of maintaining or renovating such properties, all in accordance with prudent business practices.

  • The Loan Parties are the legal and beneficial owners of the Hotel Collateral free and clear of any Lien, except for the liens and security interests created or permitted under the Loan Documents.

Related to Hotel Collateral

  • UCC Collateral is defined in Section 3.03.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

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

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the Intercreditor Agreement.

  • 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.