JV Collateral definition
JV Collateral means (1) all of the Gibraltar Subsidiary’s right, title and interest and benefit in, to and under the JV Agreement including without limitation its Participating Interest, all Product, Product Revenue and other monies payable to the Gibraltar Subsidiary in respect of its Participating Interest and all other rights, interests, benefits, powers and advantages of the Gibraltar Subsidiary as JV Participant thereunder or derived therefrom; and (2) all proceeds in any form derived directly or indirectly from any dealing with any of the property described in clause (1) of this definition of “JV Collateral.”
JV Collateral means the Borrower’s equity interest in the Joint Ventures and all proceeds thereof.