Underlying Collateral definition

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.

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Underlying Collateral means any and all real or personal property, whether tangible, intangible or mixed, securing or pledged to secure a Loan, including (i) any account, equipment, guarantee or contract right, equity, partnership or other interest that is the subject of any Underlying Collateral Document and (ii) as the context requires, Acquired Property, whether or not expressly specified.

Underlying Collateral means, with respect to any Receivable of any Company, all of its rights with respect to any collateral granted by the Account Debtor in connection with any loan.

Examples of Underlying Collateral in a sentence

• This Agreement, the Administrative Agent’s Liens in the Collateral, the Underlying Collateral, and all of the other Financing Agreements shall continue in full force and effect so long as any Liabilities shall be owed to the Lenders and Administrative Agent, and (even if there shall be no such Liabilities outstanding) so long as this 98 Agreement has not been terminated as provided in Section 2.9 hereof.

• Administrative Agent is hereby authorized on behalf of all Lenders, without the necessity of any notice to or further consent from any Lender, to take any action with respect to any Collateral and any of the other collateral pursuant to Financing Agreements (including Underlying Collateral) that may be necessary to perfect and maintain perfected the Liens upon the Collateral and the other collateral pursuant to the other Financing Agreements (including the Underlying Collateral).

• Each Lender hereby agrees that, except as otherwise provided in this Agreement or with the written consent of the Administrative Agent and the Required Lenders, it will not exercise any right that it might otherwise have to Credit Bid at any sales of all or any portion of the Collateral (or Underlying Collateral) conducted under the provisions of the UCC, the Bankruptcy Code, foreclosure sales or other similar dispositions of Collateral (or Underlying Collateral).

• The Borrower agrees to promptly notify the Administrative Agent of any material loss or depreciation in the value of the Collateral, the Underlying Collateral or any portion thereof.

• All sums received from Borrower, the Collateral and/or the Underlying Collateral in respect of the 86 Loans and the other Liabilities may be applied by the Administrative Agent to any Liabilities in such order of application and in such amounts as the Administrative Agent shall deem appropriate in its discretion (subject to Section 12.8).

More Definitions of Underlying Collateral

Underlying Collateral means all of Debtor's rights with respect to, --------------------- or interest in, any and all present and future Medallion Rights, equipment, real property, fixtures, machinery, future accounts, accounts receivable, receivables, contracts, contract rights, general intangibles, books, desks, notes, bills, drafts, acceptances, choses in action, chattel paper, instruments, documents and other forms of obligations and property, real, personal or mixed, tangible or intangible, at any item owing to or owned by any person to whom Debtor has made a Borrower Loan, or any guarantor of such person."

Underlying Collateral means the Underlying Equipment leased or sold to an Underlying Obligor, or serving otherwise as collateral for a loan to an Underlying Obligor under an Underlying Contract.

Underlying Collateral means the real property and any and all other assets of any Collateral Loan Obligor, or of other Persons, pledged or otherwise assigned to Borrower as collateral security for repayment of any Collateral Loan, as more fully described in the Collateral Loan Documents; and including all land and improvements described in the Collateral Loan Document Package, including, without limitation, all fixtures, rights, rights of way, easements, rents, income, and profits, and all policies and proceeds of insurance and other interests appurtenant thereto which shall be encumbered by a Collateral Deed of Trust constituting a valid and enforceable trust deed or mortgage lien of record thereon.

Underlying Collateral means all collateral and assets collateralizing, or otherwise securing payment and performance of, an Underlying Loan.

Underlying Collateral means all of Borrower's rights with respect --------------------- to, or interest in, any and all present and future Medallion Rights, equipment, Real Property, fixtures, machinery, future accounts, accounts receivable, receivables, contracts, contract rights, general intangibles, books, desks, notes, bills, drafts, acceptances, choses in action, chattel paper, instruments, documents and other forms of obligations and property, real, personal or mixed, tangible or intangible, at any item owing to or owned by any Person to whom borrower has made a Borrower Loan, or any guarantor of such Person.

Underlying Collateral has the meaning given in the Contribution Agreement. “Underlying Collateral Document” means any pledge agreement, security agreement, personal, corporate or other guaranty, deed of trust, deed, trust deed, deed to secure debt, mortgage, contract for the sale of real property, assignment, collateral agreement, stock power or other agreement or document of any kind, whether an original or a copy, whether similar to or different from those enumerated, (i) securing in any manner the performance or payment by any Borrower or any Obligor of its obligations or the obligations of any other Borrower or Obligor under any of the Loans or the Notes evidencing the Loans or (ii) evidencing ownership of any Acquired Property.

Underlying Collateral means, with respect to a Loan Asset, any property or other assets pledged or mortgaged as collateral to secure repayment of such Loan Asset or the Underlying Loan Obligation for such Loan Asset, as applicable, including, mortgaged property and all proceeds from any sale or other disposition of such property or other assets.