Unsecured Assets definition

Unsecured Assets means assets of a Person which are not subject to a Lien (other than Permitted Liens).

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Unsecured Assets means all assets of MIG, including Cash, other than the ITC Equity and the assets of ITC Cellular.

Unsecured Assets has the meaning given to it in the EPHL Security Document.

Examples of Unsecured Assets in a sentence

Notwithstanding any other provision of this Deed, this Deed does not create, nor does it purport to create, any Security Interest over the Unsecured Assets.
Neither the Borrower nor any Subsidiary will agree to limits on Liens on Unsecured Assets of Borrower or such Subsidiary, except as may otherwise be required pursuant to the terms of this Agreement.
In connection with confirmation of the Plan, the Debtors and the Creditors’ Committee shall seek Bankruptcy Court approval of a reserve of Trust Units for contingent, disputed, and unliquidated claims at the ResCap Debtors, the GMACM Debtors, and the RFC Debtors (the “Disputed Claims Reserves”), so that the Liquidation Trust may make an initial distribution of the Available Unsecured Assets for allowed unsecured claims as soon as practical after the Effective Date.
None of the Borrower, the General Partner or any Subsidiary will agree to limits on Liens on Unsecured Assets of the Borrower, the General Partner or such Subsidiary, except as may otherwise be required pursuant to the terms of this Agreement.

Unsecured Assets has the meaning given to “Assigned Property” in the First Security Assignment.