Separate Collateral definition

Separate Collateral means Capital Stock of Subsidiaries and intercompany notes that satisfy the requirements of the defined term "Excluded Securities."

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Separate Collateral means with respect to each Junior Loan (i) the Equity Collateral securing such Junior Loan, (ii) the accounts (and monies therein from time to time) established pursuant to the Cash Management Agreement or any other Junior Loan Document, as the case may be, and (iii) any other collateral given as security for such Junior Loan pursuant to the related Junior Loan Documents, in each case not directly constituting security for the Senior Loan or any other Junior Loan.

Separate Collateral means Stock of Subsidiaries and Intercompany Notes of Subsidiaries unless, at the relevant time of consideration, such Intercompany Notes of Subsidiaries secure Obligations under the ABL Facility.

Examples of Separate Collateral in a sentence

• Nothing herein shall require any Junior Lender to consent to, or waive its rights with respect to, any Transfer of the Premises or any interest therein (including, without limitation, the Separate Collateral).

• If a collateral account is so established, the Debtor shall promptly deliver to ▇▇▇▇▇ Fargo, for deposit into said collateral account, all payments on Accounts and chattel paper received by it (except for the Separate Collateral Bank Account).

• Notwithstanding any such acquisition of title and cancellation of the Mezzanine A Loan, such Mezzanine A Loan shall be considered an “REO Mezzanine Loan” held by the Participation Holders until such time as the Separate Collateral (or the Mortgaged Property) shall be sold, transferred or conveyed by the Participation Holders and this Agreement shall continue in full force and effect during such ownership of the Separate Collateral.

• Each of Senior Lender and each of the Junior Lenders acknowledges that each other party hereto is a distinct separate lender or investor with distinct and separate loans with various rights and remedies with respect to the Premises and the applicable Separate Collateral which are not in all respects aligned.

• Notwithstanding the foregoing, Senior Lender acknowledges and agrees that Mezzanine Lender shall be entitled to receive and collect any amounts in respect of the Separate Collateral that is not the Equity Collateral (including, without limitation, scheduled debt service and any amounts due to Mezzanine Lender under the Assignment of Interest Rate Cap).

More Definitions of Separate Collateral

Separate Collateral means (i) the Equity Collateral, (ii) the accounts (and monies therein from time to time) established pursuant to the Mezzanine Cash Management Agreement, and (iii) any other collateral given as security for the Mezzanine Loan pursuant to the Mezzanine Loan Documents, in each case not directly constituting security for the Senior Loan.

Separate Collateral shall have the meaning set forth in the Intercreditor Agreement.

Separate Collateral has the meaning assigned to it in the Collateral Trust Agreement.

Separate Collateral means Stock of Subsidiaries and Intercompany Notes of Subsidiaries unless, at the relevant time of consideration, such Intercompany Notes of Subsidiaries secure Revolving Credit Obligations.

Separate Collateral means, with respect to each Mezzanine Lender, (i) Equity Collateral pledged under its respective Mezzanine Loan Documents, (ii) the accounts (and monies therein from time to time) pledged under its respective Mezzanine Loan Documents, and (iii) any other collateral or benefits (including any guarantees) given as security for or in connection with the applicable Mezzanine Loan pursuant to the applicable Mezzanine Loan Documents (including, without limitation, all amounts payable on behalf of the applicable Mezzanine Borrowers under the applicable Interest Rate Cap Agreement and revenues from properties that are not subject to the lien of the Senior Mortgages), in each case not directly constituting security for the Senior Loan or any other Mezzanine Loan.

Separate Collateral means the furniture, fixture and equipment from time to time located in, and used in connection with the operations of, Terrible's Hotel & Casino.

Separate Collateral means all Collateral consisting of cash, cash equivalents or letters of credit in which Liens have been granted to secure only one Series of Secured Debt.