Secondary Collateral Sample Clauses

Secondary Collateral. Any other assets of Borrower in which Lender is receiving a Lien to secure any other financial accommodations provided by Lender to such Borrower. Please specify: Security interest in other Accounts Receivable, Inventory, Equipment and Intellectual Property subject to Lender’s interest securing its other loans to Borrower.
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Secondary Collateral. Any other assets of Borrower in which Lender is receiving a Lien to secure any other financial accommodations provided by Lender to such Borrower. Please specify: Cash collateral being held at JPMC securing other facilities
Sample 1
Secondary Collateral. Collateral of a Creditor holding a security interest which is inferior to the priority of the other Creditor.
Sample 1
Secondary Collateral. The parties hereby acknowledge that as of the date hereof the Secondary Collateral has been pledged by the Grantors to the Exit Facility Agent for the benefit of the Exit Facility Lenders and the Grantors may, upon the termination of the Exit Facility, pledge such Secondary Collateral (which shall in no way by such pledge or termination be released from the Lien in favor of the Secured Parties pursuant to this Agreement and which shall remain subject to the terms hereof) to another such lender to secure any working capital indebtedness of any Grantor free and clear of any first priority Lien (for so long as such Collateral is not Primary Collateral) of the Secured Parties hereunder, provided such pledge and indebtedness is permitted pursuant to the terms of the other Financing Agreements. In that regard, and notwithstanding anything contained herein to the contrary, no Grantor shall be obligated to perform any covenant hereunder, and it shall not constitute a Default should any Grantor fail to perform any covenant hereunder, to the extent such covenant relates solely to the Secondary Collateral (for so long as such Collateral is not Primary Collateral).
Sample 1
Secondary Collateral. The Grantors are and will be the legal and beneficial owner of, and have good and indefeasible title to, the Secondary Collateral, subject to no pledge, lien, mortgage, hypothecation, security interest, charge, option or other encumbrance whatsoever, except the lien and security interest created by the Security Documents. None of the Secondary Collateral is subject to any options to purchase or similar rights of any person.
Sample 1

Related to Secondary Collateral

  • Possessory Collateral Immediately upon Borrower’s receipt of any portion of the Collateral evidenced by an agreement, Instrument or Document, including, without limitation, any Tangible Chattel Paper and any Investment Property consisting of certificated securities, Borrower shall deliver the original thereof to Lender together with an appropriate endorsement or other specific evidence of assignment thereof to Lender (in form and substance acceptable to Lender). If an endorsement or assignment of any such items shall not be made for any reason, Lender is hereby irrevocably authorized, as Borrower’s attorney and agent-in-fact, to endorse or assign the same on Borrower’s behalf.

  • Personal Property Collateral The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

  • Real Property Collateral The Administrative Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent:

  • Collateral The Collateral for this Note includes the Funding Agreement and the Guarantee specified on the face hereof.

  • No Collateral Notwithstanding any provision of this Confirmation, the Agreement, Equity Definitions, or any other agreement between the parties to the contrary, the obligations of Counterparty under the Transaction are not secured by any collateral.

  • Stock Collateral (1) The Company will cause the Stock Collateral to constitute at all times 100% of the total number of shares of each class of capital stock of each Issuer then outstanding that is owned directly or indirectly by the Company.

  • Possessory Collateral Agent as Gratuitous Bailee for Perfection (a) The Possessory Collateral shall be delivered to the Credit Agreement Collateral Agent and the Credit Agreement Collateral Agent agrees to hold any Shared Collateral constituting Possessory Collateral that is part of the Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the benefit of each other First-Lien Secured Party and any assignee solely for the purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant to the applicable First-Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09; provided that at any time the Credit Agreement Collateral Agent is not the Applicable Collateral Agent, the Credit Agreement Collateral Agent shall, at the request of the Additional First-Lien Collateral Agent, promptly deliver all Possessory Collateral to the Additional First-Lien Collateral Agent together with any necessary endorsements (or otherwise allow the Additional First-Lien Collateral Agent to obtain control of such Possessory Collateral). The Company shall take such further action as is required to effectuate the transfer contemplated hereby and shall indemnify each Collateral Agent for loss or damage suffered by such Collateral Agent as a result of such transfer except for loss or damage suffered by such Collateral Agent as a result of its own willful misconduct, gross negligence or bad faith.

  • Assemble Collateral Lender may require Grantor to deliver to Lender all or any portion of the Collateral and any and all certificates of title and other documents relating to the Collateral. Lender may require Grantor to assemble the Collateral and make it available to Lender at a place to be designated by Lender. Lender also shall have full power to enter upon the property of Grantor to take possession of and remove the Collateral. If the Collateral contains other goods not covered by this Agreement at the time of repossession, Grantor agrees Lender may take such other goods, provided that Lender makes reasonable efforts to return them to Grantor after repossession.

  • Intellectual Property Collateral With respect to any Intellectual Property Collateral the loss, impairment or infringement of which might have a Material Adverse Effect:

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