Obligor Collateral definition

Obligor Collateral means (i) the Equipment leased to an Obligor under a Lease Contract, (ii) the Equipment and other property pledged by an Obligor to secure its obligations under a Loan Contract, (iii) the Equipment and other property pledged by an Obligor to secure its obligations under a Practice Acquisition Loan Contract and (iv) the Underlying Originator Loan Collateral and other property pledged by an Obligor to secure its obligations under an Underlying Originator Loan Contract.

Obligor Collateral means all of each Obligor’s now owned or hereafter acquired right, title, and interest (subject to the specific exceptions contained in any Loan Document) in and to each of the following:

Obligor Collateral means, as to each Obligor, all of its property pledged to Agent pursuant to any of the Financing Agreements.

Examples of Obligor Collateral in a sentence

• The foregoing is subject to the provision that, in any case in which the Obligor Collateral shall have suffered damage, the Servicer shall not expend funds in connection with any repair or towards the repossession of such Obligor Collateral, unless it shall determine in its discretion that such repair and/or repossession shall increase the proceeds of liquidation of the related Pledged Receivable by an amount greater than the amount of such expenses.

• Potential investors should note that on and prior to the relevant Postponed Maturity Date, they are exposed to the credit risk of the relevant Collateral Obligor, Collateral Guarantor or Collateral Support Provider (if any) and that, upon the default by the Collateral Obligor, Collateral Guarantor or Collateral Support Provider, as applicable, in respect of such Collateral Item, the Issuer will not be able to redeem the Instruments at their outstanding principal amount on the Postponed Maturity Date.

• The Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities hereunder and shall not be entitled to reimbursement therefor, except with respect to reasonable expenses of the Servicer incurred in connection with the repossession and disposition of any Obligor Collateral (which the Servicer may retain from the proceeds of the disposition of such Obligor Collateral) and any Servicer Advances made by the Servicer pursuant hereto.

• The Servicer is authorized to follow such customary practices and procedures as it shall deem necessary or advisable, consistent with the standard of care required by Section 6.01, which practices and procedures may include reasonable efforts to realize upon any guaranties, selling the related Obligor Collateral at public or private sale, the submission of claims under an Insurance Policy and other actions by the Servicer in order to realize upon such Pledged Receivable.

• The Servicer shall pay on behalf of the Borrower any personal property taxes assessed on repossessed Obligor Collateral, and the Servicer shall be entitled to reimbursement of any such tax as a Servicer Advance.

More Definitions of Obligor Collateral

Obligor Collateral shall have the meaning ascribed to it in Section 14.01(a).

Obligor Collateral means any real or personal property of any Obligor on which a Lien has been granted to Agent, for the benefit of itself and Lenders, in order to secure the Liabilities and/or such Obligor's guaranty of the Liabilities.

Obligor Collateral has the meaning assigned to such term in Section 7.12.

Obligor Collateral means, as to each Obligor, all of its property pledged to Lender and further described in the general security agreement executed and delivered by each Obligor in favor of Lender.

Obligor Collateral is defined in the Revolving Credit Agreement. As used in this definition, "Revolving Credit Agreement" shall mean the Revolving Credit Agreement as in effect on the date hereof.

Obligor Collateral means all of the following property of Mortgagor, whether now owned or existing, or hereafter acquired or coming into existence, wherever now or hereafter located:

Obligor Collateral means any goods, equipment, inventory, accounts, general intangibles, any other personal or real property, and any guaranties, letters of credit, surety bonds, as applicable, in each case, that secure the payment obligation of any Obligor in respect of any Receivable.