PCL Collateral definition

PCL Collateral means the property described in the Contingent Deed of Trust and any document executed and delivered in connection with a Purchase Contract Loan.
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Examples of PCL Collateral in a sentence

  • In addition to the rights and remedies set forth hereinabove with respect to the PP Collateral, with respect to the PCL Collateral, then Lender shall have, and may exercise, any and all of the rights and remedies set forth in the Contingent Deed of Trust and any related documents, and under applicable law or regulation.

Related to PCL Collateral

  • 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.

  • 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.

  • UCC Collateral is defined in Section 3.03.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.