Off-Site Collateral definition

Off-Site Collateral means: (a) Collateral being transported in the ordinary course of business and (b) Collateral which in the ordinary course of business is located at an off-site location for repair, storage, maintenance, or further processing or manufacturing.
View Source

Examples of Off-Site Collateral in a sentence

  • None of the tangible Collateral is in the possession of any Person other than the Grantors or the Collateral Agent, except for (A) Off-Site Collateral and (B) Collateral in possession of any Person other than the Grantors or the Collateral Agent, in an aggregate amount not to exceed $700,000.

Related to Off-Site Collateral

  • 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.

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

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • 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.