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.
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
The grants of security interest set forth in this Section 8 and the grant of security interest in the Underlying Collateral granted under each Pledge Agreement are intended to constitute a security agreement or other arrangement or other credit enhancement related to this Agreement and Transactions hereunder as defined under Sections 101(47)(A)(v) and 741(7)(A)(xi) of the Bankruptcy Code.
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 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 (i) the Mortgage Security Documents and all monies, accounts, instruments and other property pledged to the Issuer or in which a lien or security interest has been granted to the Issuer as security for the Mortgage Loan pursuant to any of the Mortgage Security Documents and (ii) the Mezzanine Security Documents and all monies, accounts, instruments and other property pledged to the Issuer or in which a lien or security interest has been granted to the Issuer as security for the Mezzanine Loan pursuant to any of the Mezzanine Security Documents and all proceeds of the foregoing.
Underlying Collateral. With respect to Mortgage Contracts, the Mortgaged Property and all other property serving as collateral for the obligations of the Obligor under the related Mortgage Contract and with respect to Non-Mortgage Contracts, the property purchased pursuant to the related Non-Mortgage Contract serving as collateral for the obligations of the Obligor under the related Non-Mortgage Contract.