Definition of Term Collateral

  1. Term Collateral means all of the assets and property of any Obligor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Second Lien Obligations.

Examples of Term Collateral in a sentence

  1. The Lender Representatives agree that it is their intention that the Senior Revolving Collateral and the Term Collateral be identical.
  2. Each Lender and each L/C Issuer hereby irrevocably appoints Societe Generale (together with any successor Administrative Agent, Term Collateral

Definition of Term Collateral in Agreement

Term Collateral means all of the assets and property of any Obligor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Second Lien Obligations.


Definition of Term Collateral in Intercreditor Agreement

Term Collateral means all of the assets and property of any Obligor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Subordinated Obligations.