Tranche A Collateral definition

Tranche A Collateral means the collateral pledged to the Administrative Agent for the benefit of itself, the Issuing Banks and the Lenders pursuant to the Purpose Credit Borrower Pledge Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Tranche A Collateral shall have the meaning set forth in Section 4.01(b) hereof.

Tranche A Collateral as defined in Section 2.(a)(i) of the Collateral Assignment Agreement.

Examples of Tranche A Collateral in a sentence

• Pursuant to the Tranche A Collateral Documents and the Tranche B Collateral Documents, the Company has agreed to pledge and grant security interests in the Collateral as security for the Tranche A Obligations and the Tranche B Obligations, respectively.

• Notwithstanding the foregoing, to the extent any amount received hereunder consists of proceeds from the sale of the Tranche A Collateral, such amount shall be applied to reduce the outstanding amount of the Tranche A Loan Obligations.

• Such Obligations shall be secured by all Collateral (other than the Tranche A Collateral) and by any and all other collateral, security, assets, reserves, or funds of any Borrower in or coming into the hands or inuring to the benefit of the Lenders and such Obligations incurred with respect to the Tranche A Collateral shall be secured by the Tranche A Collateral.

• ReadyCap also authorizes the Lender, at any time during the existence of an Event of Default with respect to Tranche A, to execute, in connection with any sale provided for in Section 4.07 hereof, any endorsements, assignments or other instruments of conveyance or transfer with respect to the Tranche A Collateral.

• The Tranche A Collateral Agent shall only be permitted to assert rights and exercise remedies in respect of Synthetic Lease Properties, the Tranche A Liens and the Adjusted Tranche A Obligations.

More Definitions of Tranche A Collateral

Tranche A Collateral has the meaning assigned to such term in Section 3.

Tranche A Collateral means all of each Borrower's now owned or hereafter acquired right, title and interest in and to (a) any and all Gaming Equipment, the purchase of which was financed, in full or in part, with proceeds of one or more Tranche A Advances, and (b) the proceeds and products, whether tangible or intangible of any of the foregoing, including proceeds of insurance coverage of any and all of the foregoing.

Tranche A Collateral means (a) all Inventory, (b) all Receivables, (c) all General Intangibles necessary for the sale or other disposition of, or realization on, all Inventory and all Receivables, by the Administrative Agent and (d) all Proceeds of the foregoing.

Tranche A Collateral means all of the Collateral upon which a Lien is granted to the Tranche A Collateral Agent.

Tranche A Collateral means all assets and interests in assets and proceeds thereof now owned or hereafter acquired by a Borrower or its Subsidiaries in or upon which a Lien is granted by such Person in favor of the Tranche A Collateral Agent under any of the Tranche A Collateral Documents.

Tranche A Collateral means the Eligible Securities pledged at the time the Tranche A Loan is made and any other Eligible Securities that are not Tranche B Collateral.

Tranche A Collateral means the Tranche A Collateral Account and all funds, securities, monies and credit balances from time to time held in the Tranche A Collateral Account and any other property or assets of the Borrower or any other Person given as security for the Tranche A Term Loans.