Separate Collateral definition

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

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.

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.

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).

• Section 910 Separate Collateral Agents, Co-Collateral Agents and Custodians.

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

• Mezzanine Lender shall not have the right to cure as hereinabove set forth with respect to monthly scheduled debt service payments on the Senior Loan for a period of more than [four] consecutive months unless Mezzanine Lender has commenced and is continuing to diligently pursue its rights against 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.Intercreditor Agreement, § 18(p)(ii) (Emphasis added).

More Definitions of Separate Collateral

Separate Collateral means, with respect to each Junior Loan, collectively, (i) the Equity Collateral, (ii) the accounts (and monies therein from time to time) established pursuant to each of the Junior Loan Cash Management Agreements, and (iii) any other collateral or benefits, including guarantees or interest rate cap or hedging agreements, given as security for each of the Junior Loans pursuant to the Junior Loan Documents, in each case not constituting security for the Senior Loan or any Senior Junior Loans.

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

Separate Collateral shall have the meaning set forth in the Intercreditor 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 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 (i) the Equity Collateral, (ii) the accounts (and monies therein from time to time) established pursuant to the Mezzanine Loan Documents, (iii) the UCC Policy and the mezzanine endorsement to the owner’s title insurance policy issued in connection with the Mezzanine Loan, (iv) the Mezzanine Guaranty, and (v) any other collateral, including any guaranty, indemnity, interest rate cap or other hedging agreements, 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 means collateral granted to the Cash Grant Bridge Lender pursuant to the Cash Grant Bridge Loan Documents, including the following: (i) the Equity Collateral, (ii) the Cash Grant, the Cash Grant Proceeds and all other “Collateral” as defined in the Cash Grant Security Agreement; and (iii) the Blocked Account.