Security Agreement Collateral definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Security Agreement Collateral means all property pledged or granted as collateral pursuant to the Security Agreement (a) on the Closing Date or (b) thereafter pursuant to Section 5.11.

Security Agreement Collateral has the meaning specified in the Security Agreement.

Examples of Security Agreement Collateral in a sentence

• The pledge of the Security Agreement Collateral pursuant to the Security Agreement does not violate such regulations.

• Each Pledgor shall not be entitled to any credit against the principal, premium (if any), or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums that may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Security Agreement Collateral or any part thereof.

• Such Pledgor shall not sell, convey, assign or otherwise dispose of, or grant any option with respect to, any of the Security Agreement Collateral pledged by it hereunder except as permitted by the Credit Agreement.

• Collateral Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or refrain from taking action (including the release or substitution of the Security Agreement Collateral), in accordance with this Agreement and the Credit Agreement.

• The Borrower is the legal and beneficial owner of the Security Agreement Collateral and the Additional Collateral Trust Agreement Collateral and AES BVI II is the legal and beneficial owner of the BVI Collateral, in each case free and clear of any Lien, except for Liens permitted by the Financing Documents.

More Definitions of Security Agreement Collateral

Security Agreement Collateral means all collateral in which any security interest is granted pursuant to the Security Agreements.

Security Agreement Collateral. “Pledged Collateral” and “Mortgaged Property” referred to in the Security Documents and all of the other property that is or is intended under the terms of the Security Documents to be subject to Liens for the benefit of the Secured Parties.

Security Agreement Collateral has the meaning assigned to such term in Section 2.01.

Security Agreement Collateral shall have the meaning set forth in any Security Agreement delivered on the Closing Date or thereafter pursuant to Section 5.11.

Security Agreement Collateral means the “Collateral” referred to in the Security Agreement.

Security Agreement Collateral shall have the meaning provided in Section 6.09.

Security Agreement Collateral means all property pledged or granted as collateral pursuant to the Security Agreement.