Seller Collateral definition
Seller Collateral has the meaning set forth in Section 3.09(a).
Seller Collateral shall have the meaning assigned to it in Section 8.01 of the Purchase Agreement.
Seller Collateral has the meaning set forth in Section 14.09.
Examples of Seller Collateral in a sentence
Amounts payable pursuant to each of clauses first through fourth above shall be paid (at each level of priority) first from available Collections on Sold Receivables and other Sold Assets, and second, to the extent necessary in order to make all such payments at such level of priority in full, from Collections on Unsold Receivables and other Seller Collateral.
The Seller’s right to receive payments (if any) from time to time pursuant to clause sixth above shall, to the extent arising from Collections on Sold Receivables, constitute compensation to the Seller for the Seller’s provision of the Seller Guaranty and the Purchaser Parties’ interests in the Sold Asset and the Seller Collateral.
More Definitions of Seller Collateral
Seller Collateral has the meaning set forth in Section 2.08(i)(i).
Seller Collateral has the meaning set forth in Section 3.09. “Seller Guaranty” has the meaning set forth in Section 3.01. “Seller Indemnified Amounts” has the meaning set forth in Section 13.01(a). “Seller Indemnified Party” has the meaning set forth in Section 13.01(a). “Seller Obligation Final Due Date” means (i) the date that is one hundred eighty (180) days following the occurrence of the Scheduled Termination Date or (ii) such earlier date on which the Aggregate Capital becomes due and payable pursuant to Section 10.01. “Seller Obligations” means all present and future indebtedness, reimbursement obligations, and other liabilities and obligations (howsoever created, arising or evidenced, whether direct or indirect, absolute or contingent, or due or to become due) of the Seller to any Purchaser Party, Seller Indemnified Party and/or any Affected Person, arising under or in connection with this Agreement or any other Transaction Document or the transactions contemplated hereby or thereby, and shall include, without limitation, all obligations of the Seller in respect of the Seller Guaranty and the payment of all Capital, Yield, Fees and other amounts due or to become due under the Transaction Documents (whether in respect of fees, costs, expenses, indemnifications or otherwise), including, without limitation, interest, fees and other obligations that accrue after the commencement of any Insolvency Proceeding with respect to the Seller (in each case whether or
Seller Collateral has the meaning given to such term in Section 5.02 hereof.
Seller Collateral means the Subject Shares given as Pledged Collateral (defined in the Pledge Agreement) and all proceeds thereof.
Seller Collateral has the meaning set forth in Section 15.09. “Seller Guaranty” has the meaning set forth in Section 15.01.
Seller Collateral means the Property of the Borrowers which may be pledged as collateral security for any Seller Note, with such Property to consist solely of (a) the name and goodwill of the target of the Acquisition, (b) any dealership agreements that the target of the Acquisition may have assigned to the Borrowers (whether by operation of law or otherwise) in connection with the Acquisition, and (c) any other collateral approved by all Lenders in their reasonable discretion.
Seller Collateral is defined in Section 5.14.