The Collateral definition

The Collateral means all of the rights, titles and interests of every kind or nature whatsoever of Grantor in and to, but none of its obligations with respect to, the following described items, whether now owned or existing or hereafter created, acquired or arising, and wheresoever located:
The Collateral given by the Borrower or any Subsidiary pursuant to the Mortgages, the Assignments or other Documents shall secure and cross-collateralize all Obligations, including, without limitation, all Notes, owed to the Bank whether now outstanding or arising in the future.
The Collateral means the whole right, title, benefit and interest, present and future, of the Grantor in and under the Accounts and the Account Balances and all other income, interest and rights deriving from or incidental to the foregoing;

Examples of The Collateral in a sentence

  • The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned.

  • The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given.

  • The Collateral Agent shall have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement.

  • The Collateral is not in the possession of any third party bailee (such as a warehouse) except as otherwise provided in the Perfection Certificate.

  • The Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.

More Definitions of The Collateral

The Collateral. CUSTODIAN: XXXXXX TRUST AND SAVINGS BANK By: ___________________________ Name: Title: Xxxxxx Trust and Savings Bank 000 Xxxx Xxxxxx Xxxxxx, 00xx Xxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Indenture Trust Administrator Facsimile: (000) 000-0000 Telephone:(000) 000-0000 THE BACKUP SERVICER: XXXXXX TRUST AND SAVINGS BANK By: ___________________________ Name: Title: Xxxxxx Trust and Savings Bank 000 Xxxx Xxxxxx Xxxxxx, 00xx Xxxxx Xxxxxxx, Xxxxxxxx 00000 Attention: Indenture Trust Administrator Facsimile: (000) 000-0000 Telephone:(000) 000-0000 REQUIRED INVESTORS: FIRST UNION NATIONAL BANK By: ___________________________ Name: Title: First Union National Bank Xxx Xxxxx Xxxxx Xxxxxx, XX-0 Xxxxxxxxx, Xxxxx Xxxxxxxx 00000 Attention: Capital Markets Credit Administration Facsimile: (000) 000-0000 THE HEDGE COUNTERPARTY: FIRST UNION NATIONAL BANK By: ___________________________ Name: Title: First Union National Bank Xxx Xxxxx Xxxxx Xxxxxx, XX-0 Xxxxxxxxx, Xxxxx Xxxxxxxx 00000 Attention: Capital Markets Credit Administration Facsimile: (000) 000-0000 Telephone: (000) 000-0000
The Collateral given by Borrower as security for the Senior Loan includes without limitation, all inventory of refined petroleum products and the proceeds thereof of Borrower located at each Property (the "Petroleum Inventory").
The Collateral. Borrower promises that: 1.Borrower is now the owner of the Collateral or will immediately become the owner of the Collateral. 2. The Collateral is now and will be maintained in good working order and repair. 3. The Collateral is now and will be kept free from any other lien or legal claim against it. 4. Borrower will not sell or offer to sell, transfer, lease, abandon or encumber (use as collateral elsewhere) any of the Collateral. Borrower will not remove it from Delaware State for more than 30 days without the Bank's consent. Borrower will not use it, or permit its use, in any illegal act. 5. Borrower will immediately notify the Bank in writing of any loss or damage to the Collateral. 6.If the Collateral is a motor vehicle, Borrower will have the Bank's name listed as the "Lienholder" on any certificate of title issued now or in the future. 7. Borrower will promptly pay all taxes and assessments on the Collateral. 8. If the owner is a corporation, owner and officer executing this agreement certify that all necessary corporate action has been taken to authorize this agreement to be signed. WAIVERS AND RELEASES: The Bank can waive or delay enforcing any of its rights without losing them. The Bank can waive or delay enforcing a right as to Borrower or any other borrower without waiving it as to others. Also, the Bank can release any Collateral or release one borrower from its responsibility under this agreement without releasing the others. The Bank need not give notice of any waiver, delay, release, or default to anyone. If any provision of this agreement is found invalid, the remaining provisions shall remain in full force and effect. The Bank's failure to properly file financing statements against the Collateral will not affect Borrower's obligationsto the Bank. Scientific Industries, Inc. /s/Helena R. Santos, Robert P. Xxxxxxx 00/00/00 ________________________________________________ Date:_________________ Borrower acknowledges receipt of a copy of this Security Agreement and agrees with the terms.
The Collateral. Interest shall be considered a Class of Series 1997-1 for all purposes of the Agreement and this Supplement, including for purposes of voting concerning the liquidation of the Trust pursuant to Section 9.1 of the Agreement. The Collateral Interest Holder shall be deemed to be the Series Enhancer for all purposes under the Agreement and this Supplement. (b) Series 1997-1 shall be included in Group I and shall be a Principal Sharing Series. Series 1997-1 shall be an Excess Allocation Series. Series 1997-1 shall not be subordinated to any other Series. Notwithstanding any provision in the Agreement or in this Supplement to the contrary, the first Distribution Date with respect to Series 1997-1 shall be the ________________ Distribution Date and the first Monthly Period shall begin on and include _______, 1997 and end on and include ____________, 1997.
The Collateral in this Agreement shall be interpreted as referring to “the Collateral or any of it.”;
The Collateral. All of the following, whether now existing or hereafter arising, shall be deemed secured and mortgaged by this Agreement (the "Collateral"): All of the Company’s and Accommodation Party’s (a) Accounts; (b) Inventory; (c) cash; (d) now owned or hereafter acquired lockbox, blocked accounts, and any other deposit accounts and deposits maintained with any financial institution into which proceeds of the Collateral are or may be deposited; (e) rights to payments for good sold and/or services rendered that are or become evidenced by Instrument, (f) payment intangibles and letter of credit rights; (g) credit insurance with respect to Accounts; (h) all books and records and general intangibles evidencing or containing information relating to any of the Collateral or otherwise necessary of helpful in the collection thereof or the realization thereon; (i) all other forms of obligations owing to Company or Accommodation Party arising from the sale of inventory or the rendition of services, or constituting collateral or supporting obligations for the payment of any account debtor’s obligation to Company or Accommodation Party, including but not limited to letters of credit and all proceeds thereof; (j) all guarantees, security, and liens which Company or Accommodation Party may hold for the payment or performance of any item of Collateral (including, without limitation, all rights of stoppage in transit, replevin, and reclamation and as an unpaid vendor or lienor); (k) all rights to goods represented by any item of Collateral or the sale of which goods gave rise to any item of Collateral including, without limitation, all rights upon return, replevin, or repossession of such goods, all documents of title, warehouse receipts, bills of lading, books, records and other documents relating to any of the Collateral; (l) all of Company’s or Accommodation Party’s inventory, wherever located, and including, without limitation, all raw materials, supplies work in process, and finished products manufactured by and/or held for sale or lease or to be furnished in connection with the business of Company or Accommodation Party, as well as any and all computer code, software, software products, or databases relating specifically to the Collateral; (m) all proceeds of any item of Collateral and all proceeds of such proceeds, including, without limitation, all payments under any indemnity, warrant or guaranty payable with respect to the Collateral, all awards for taking by eminent doma...
The Collateral o The collateral consists 12 full service hotels containing 3,588 rooms geographically diversified in 8 states. o The franchises are strong national franchises including Marriott , Radisson , Holiday Inn and Best Western. Management: o Columbia Sussex Corp., an experienced hotel operator founded in 1972. As of 9/96, the manager and its affiliates own and operate 43 hotels containing over 10,800 rooms. o William Yung is the President, CEO and sole voting xxxxxxxxxer of the manager.