Sharing Collateral definition

Sharing Collateral has the meaning ascribed to such term in the Collateral Trust Agreement.
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Sharing 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 Sharing Obligation.
Sample 1

Examples of Sharing Collateral in a sentence

  • All that calls for more rigorous use of better regulation instruments in migration issues.

  • A fairer roads tax rate would be appropriate when this happens to a community.

  • Series 2004-CC is (1) an Unapplied Master Trust Level Principal Sharing Collateral Certificate with respect to Asset Pool One, (2) an Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate with respect to Shared Excess Available Finance Charge Collections Group A and (3) an Unapplied Excess Finance Charge Sharing Collateral Certificate with respect to Shared Excess Available Finance Charge Collections Group A.

  • As specified in Section 1(a), Series 2004-CC shall be an Unapplied Master Trust Level Principal Sharing Collateral Certificate with respect to Asset Pool One.

  • As specified in Section 1(a), Series 2004-CC shall be an Unapplied Excess Finance Charge Sharing Collateral Certificate with respect to Shared Excess Available Finance Charge Collections Group A and an Unapplied Master Trust Level Excess Finance Charge Sharing Collateral Certificate.

  • Notwithstanding the foregoing, no Sharing Secured Party shall be required to deliver to or put in the custody, possession or control of the Collateral Trustee or to hold in trust as specified in the preceding sentence any amount of any Sharing Obligation paid or prepaid by the Company or any of its Subsidiaries to it (and not obtained by it through any sale of or other realization upon Sharing Collateral) in accordance with the terms of the Second Lien Term Loan Agreement or the Indenture, as applicable.

  • This Agreement is intended to comply with the provisions of the Senior Note Documents to secure the Senior Notes or the Senior Note Subsidiary Guarantees, as applicable, equally and ratably with the Second Lien Term Loan Obligations in respect of the Sharing Collateral until the Senior Note Lien Termination Time.

  • Until such time as the provisions of the immediately preceding sentence have been complied with, such Sharing Secured Party shall be deemed to hold such Sharing Collateral and proceeds in trust for the parties entitled thereto hereunder.

  • The level of market maturity is related to overall economic development, the level of urbanisation and socio-cultural characteristics.

  • Each such advance shall constitute a Collateral Trustee's Fee and shall be repaid as if such advance were a Collateral Trustee's Fee, with interest at the applicable Default Rate, by the Company upon demand by the Collateral Trustee, and in any event, whether or not such demand shall have been made, out of the proceeds of any Sharing Collateral distributed pursuant to clause first of Section 4.01.

Related to Sharing Collateral

  • Shared Collateral means, at any time, Collateral in which the holders of Senior Obligations under at least one Senior Facility and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a security interest at such time (or, in the case of the Senior Facilities, are deemed pursuant to Article II to hold a security interest). If, at any time, any portion of the Senior Collateral under one or more Senior Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Collateral shall constitute Shared Collateral only with respect to the Second Priority Debt Facilities for which it constitutes Second Priority Collateral and shall not constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time.

  • UCC Collateral is defined in Section 3.03.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • 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.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Underlying Collateral means, with respect to a Loan Asset, any property or other assets designated and pledged or mortgaged as collateral to secure repayment of such Loan Asset, as applicable, including, without limitation, mortgaged property and/or a pledge of the stock, membership or other ownership interests in the related Obligor and all proceeds from any sale or other disposition of such property or other assets.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Foreign Collateral means that portion of the Collateral securing the Foreign Obligations.

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

  • Second Lien 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 Second Lien 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.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • Controlling Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Additional Collateral Agent (acting on the instructions of the Applicable Authorized Representative).

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • First Lien 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 First Lien Obligations.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • 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.

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • 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.