Universal Shared Collateral definition

Universal Shared Collateral shall have the meaning assigned in the Shared Guarantee and Collateral Agreement.

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Universal Shared Collateral as defined in Section 3.

Examples of Universal Shared Collateral in a sentence

• All right, title and interest in and to the Universal Shared Collateral Account shall vest in the Shared Collateral Agent, and funds on deposit in the Universal Shared Collateral Account shall constitute Universal Shared Collateral, subject to the rights of the Grantors thereto.

• Each Universal Shared Grantor hereby grants a security interest in the Universal Shared Collateral Account to the Shared Collateral Agent for the benefit of the Universal Shared Collateral Secured Parties as collateral security for the Universal Secured Obligations.