Leasehold Collateral definition

Leasehold Collateral means the leasehold interest in an Asset, the Lease and other property described in any Lease Security Assignment and subject to the security interest created or intended to be created by such Lease Security Assignment and the Related Asset Documents.
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Leasehold Collateral has the meaning specified in the definition of “Notes Priority Lien Collateral”.
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Leasehold Collateral means the Borrower’s or any Subsidiary’s leasehold interests in each of the Stores listed in Part C of Schedule 4.01(h) hereto.
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Examples of Leasehold Collateral in a sentence

  • Notwithstanding anything to the contrary contained in this Indenture, but subject to the next sentence, the security interest and charge of the Collateral Documents with respect to any Collateral Requiring Consent and any Leasehold Collateral Requiring Consent shall not have any force or effect until any applicable condition has been satisfied or any applicable consent, authorization, approval or waiver has been obtained.

  • To the extent that any such condition is not satisfied or any such consent, authorization, approval or waiver is not obtained within 120 days after the date of this Indenture, the aggregate book value of such Leasehold Collateral Requiring Consent will count towards the $25,000,000 basket referred to in the proviso to paragraph (2) of the definition of Excluded Assets.

  • Any other amounts (other than amounts received on account of Leasehold Collateral and to be applied in accordance with Section 2.10(e) or (f)) received by the Administrative Agent, the Issuing Bank, the Collateral Agent, the Tranche B Agent, the Tranche C Agent, the Co-Agents or any Lender prior to the acceleration of the Loans in accordance with Section 7.01 or 7.02 as contemplated by Section 2.17 shall also be applied in the order set forth above in this Section 2.14(a).

  • The Administrative Agent and the Tranche C Agent shall have received and approved an appraisal of the Leasehold Collateral conducted by DJM Asset Management Company, which appraisal shall determine the aggregate orderly liquidation value of the Leasehold Collateral to be equal to or greater than $39,000,000.

  • The Obligations shall be secured by Liens on the Leasehold Collateral, which shall be granted to the Lender by the Mxxxx Entities, as applicable, pursuant to one or more leasehold deeds of trust, security agreements, assignments of rents and leases (or subleases), and fixture filings in form and substance acceptable to the Lender (collectively, the “Leasehold Deeds of Trust” and, each, a “Leasehold Deed of Trust”).

  • The Administrative Agent and the Tranche C Agent shall be satisfied in their sole discretion with the identity of each lease included in the Leasehold Collateral.


More Definitions of Leasehold Collateral

Leasehold Collateral means, collectively, but excluding the Excluded Assets, (i) each of the Real Property Leases, (ii) each leasehold estate created by such Real Property Leases, (iii) all Leasehold Improvements, (iv) all Leasehold Fixtures, (v) all right, title and interest of the Company in and to all leases, subleases, licenses, concessions, contract mining agreements, occupancy agreements or other agreements (written or oral, now or at any time in effect) which grant to any Person (other than the Company) a possessory interest in, or the right to use, all or any part of the Leasehold Premises, the Leasehold Improvements, the Leasehold Fixtures or any other property or interests described in this definition of “Leasehold Collateral,” together with all related security and other deposits subject to depositors rights and requirements of Applicable Law; (vi) to the extent mortgageable or assignable, all permits (including, without limitation, Mining Permits, licenses, certificates and entitlements in any way relating to the construction, use, occupancy, operation, maintenance, enjoyment or ownership of all or any part of the Leasehold Premises, the Leasehold Improvements, the Leasehold Fixtures or any other property or interests described in this definition of “Leasehold Collateral,” (vii) to the extent mortgageable or assignable, all rights, privileges, tenements, hereditaments, rights-of-way, easements, wheelage agreements, contracts, surface damage waivers, releases, appendages and appurtenances appertaining to any of the foregoing or otherwise owned by the Company in connection with any of the foregoing, (viii) all property tax refunds payable to the Company in respect of the Real Property Leases, the Leasehold Premises, the Leasehold Improvements, the Leasehold Fixtures or any portion thereof, (ix) any and all rights (including, without limitation, alley, drainage, crop, mineral, mining, coal, oil and gas, water and sand rights, and any other rights to produce or share in the production of anything from or attributable to the Leasehold Premises, the Leased Improvements, the Leasehold Fixtures or any portion thereof), title and interest of the Company in and to all or any portion of the Leasehold Premises, the Leased Improvements, the Leasehold Fixtures or any other property or interests described in this definition of “Leasehold Collateral,” and any and all privileges, royalties and appurtenances therein or thereto, now or hereafter belonging or in any way pertaining to ...
Sample 1
Leasehold Collateral means the interests and rights of the Borrower and the Credit Parties in and to those certain leased store locations as listed on Schedule 6.01 hereto (as such Schedule 6.01 may from time to time be modified with the consent of the Tranche C Agent to reflect additions and substitutions of leased store locations), each Leasehold Estate and all proceeds thereof.
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Related to Leasehold Collateral

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

  • 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.

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

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

  • UCC Collateral is defined in Section 3.03.

  • Leasehold Property means any leasehold interest of any Credit Party as lessee under any lease of real property, other than any such leasehold interest designated from time to time by Collateral Agent in its sole discretion as not being required to be included in the Collateral.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • 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.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Landlord Liens means liens on or against the Leased Property or any payment of Rent (a) which result from any act of, or any claim against, Landlord or any owner (other than Tenant) of a direct or indirect interest in the Leased Property, or which result from any violation by Landlord of any terms of this Agreement or the Purchase Agreement, or (b) which result from liens in favor of any taxing authority by reason of any tax owed by Landlord or any fee owner of a direct or indirect interest in the Leased Property; provided, however, that "Landlord Lien" shall not include any lien resulting from any tax for which Tenant is obligated to pay or indemnify Landlord against until such time as Tenant shall have already paid to or on behalf of Landlord the tax or the required indemnity with respect to the same.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Personal Property means any machinery, equipment, tools, vehicles, furniture, leasehold improvements, office equipment, plant, parts and other tangible personal property.

  • 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 Company 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.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Material Leasehold Property means a Leasehold Property which (a) is a retail or super store or distribution center or (b) has been reasonably determined by the Administrative Agent to be of material value as Collateral or of material importance to the operations of the Credit Parties after weighing the value of such property as additional Collateral against the costs and expenses associated with satisfying the requirements of Section 6.13.

  • Leasehold Interests means all of each Borrower’s right, title and interest in and to, and as lessee, of the premises identified on Schedule 4.19(A) hereto.

  • Leasehold Mortgage means a mortgage, a deed of trust, a deed to secure debt, or other security instrument by which the Leasehold is mortgaged, conveyed, assigned, or otherwise transferred to secure a debt or other obligation.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

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

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

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.