AR Lender Priority Collateral definition

AR Lender Priority Collateral means all right, title and interest of Operator in and to the following: (a) all Accounts arising from the delivery of goods and rendering of services by Operator prior to the Cut-Off Time and the proceeds thereof; (b) all Deposit Accounts and the proceeds thereof; and (c) all Accounts arising after the Cut-Off Time and the proceeds thereof solely to the extent of (and in the amount of) Protective Advances made after the Cut-Off Time in accordance with the terms of this Agreement provided that the collateral should be prioritized in accordance with Section 2.1.
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AR Lender Priority Collateral means all right, title and interest of Hospital in and to the following: (a) all Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof and (b) all Deposit Accounts and the proceeds thereof; provided that, from and after the Ceased Funding Date, the aggregate amount of Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof included as “AR Lender Priority Collateral” shall not exceed the Cap Amount.
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AR Lender Priority Collateral means all right, title and interest of Lessees in, to and under all personal property, Real Estate (as defined in the AR Lender Loan Agreement) (other than the Facilities) and other assets, whether now owned by or owing to, or hereafter acquired by or arising in favor of, Lessees (including under any trade names, styles or derivations thereof), and whether owned or consigned by or to, or leased from or to, Borrowers, and regardless of where located including the following:
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Examples of AR Lender Priority Collateral in a sentence

  • FHA Lender, Owner and Operator agree, that, in the event AR Lender seeks to enforce any of its remedies under the AR Loan Documents, AR Lender may have reasonable access to the Facility for any inspection and copying of the books and records of Operator relating to the AR Lender Priority Collateral and the FHA Lender Priority Collateral, provided that AR Lender shall promptly repair any damage to the Facility caused by AR Lender or its agents resulting from such inspection and copying.

  • AR Lender and FHA Lender have agreed upon AR Lender’s and FHA Lender’s respective rights in and to the AR Lender Priority Collateral and FHA Lender Priority Collateral which agreements and understandings are set forth below.

  • Nothing in this Section 2.5(a) shall require any release of the AR Lender Priority Collateral.


More Definitions of AR Lender Priority Collateral

AR Lender Priority Collateral means all right, title and interest of Operator in and to the following: (a) all Accounts arising prior to the Cut-Off Time and the identifiable cash proceeds thereof and (b) all Accounts arising after the Cut-Off Time and the identifiable cash proceeds thereof solely to the extent of (and in the amount of) Protective Advances made after the Cut-Off Time in accordance with the terms of this Agreement provided that the collateral should be prioritized in accordance with section 2.1.3
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AR Lender Priority Collateral means all right, title and interest of Borrower in and to the following: (a) all Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof and (b) all Deposit Accounts and the proceeds thereof; provided that, from and after the Ceased Funding Date, the aggregate amount of Accounts arising from the delivery of goods and rendering of services at the Facility and the proceeds thereof included as “AR Lender Priority Collateral” shall not exceed the Cap Amount.
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AR Lender Priority Collateral. (composed of Accounts and as further defined in the Required Intercreditor Agreement), subject to the following limitations and requirements:
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AR Lender Priority Collateral. As defined in the Intercreditor Agreements. Availability: At any time, an amount equal to the lesser of (i) the Loan Amount, or (ii) the Borrowing Base Amount.
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AR Lender Priority Collateral means all right, title and interest of
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Related to AR Lender Priority Collateral

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Borrower Collateral means all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • Hedge Collateral Defined in Section 5.3(b).