PP&E Collateral definition

PP&E Collateral means all present and after acquired Real Estate owned in fee simple and equipment of the Credit Parties;
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PP&E Collateral means any Collateral other than Borrowing Base Collateral.
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PP&E Collateral with respect to any Obligor:
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Examples of PP&E Collateral in a sentence

  • During the Liquidation Period, the Financing Agent may use and occupy the PP&E Collateral without force or process of law and without any obligation to pay rents, royalties or other fees to the Collateral Agent, the Trustee or any Noteholder, except for payment or reimbursement of costs and expenses as set forth in Section 19(D).

  • The Financing Agent shall not contest the validity, perfection, priority or enforceability of any security interest or lien in the PP&E Collateral granted to the Collateral Agent by any Credit Party under the Indenture Debt Documentation.

  • Notwithstanding the foregoing, the Collateral Agent agrees that it shall not exercise any remedies available to it under the applicable security documents or any other remedies otherwise permitted by applicable law with respect to the PP&E Collateral during (a) any Liquidation Period (as defined in Section 19) or (b) any period commencing on the date of the receipt by the Financing Agent of a written notice from the Collateral Agent pursuant to Section 17 and ending ninety (90) days thereafter.

  • The license to use and occupy the PP&E Collateral during the Liquidation Period shall apply to and for the benefit of the Financing Agent and any agents, brokers, appraisers, auctioneers or liquidators retained by the Financing Agent.

  • Without derogating the provisions of subsection 2.4B(iii)(f), in connection with the sale of all or any portion of the Refinery Assets, prior to the consummation of any such sale, Borrowers shall provide Agent with the proposed allocation of the consideration to be received as between PPE Collateral, Pari Passu Collateral and Working Capital Collateral, which proposed allocation shall be subject to Agent's reasonable approval.

  • Coverage shall be written for the then current Stipulated Loss Value for the Equipment and for replacement cost value in an amount acceptable to Lessor for the PPE Collateral.

  • Lessor shall be entitled, upon reasonable advance notice, to review Lessee's insurance policies carried and maintained with respect to the Equipment and the PPE Collateral and Lessee's obligations under this Section 19.01.

  • Lessee shall maintain all risk property insurance covering each and every component of the Equipment and the tangible PPE Collateral against physical loss or damage, including but not limited to fire and extended coverage, collapse, flood, earth movement and comprehensive boiler and machinery coverage (including electrical malfunction and mechanical breakdown).

  • The foregoing notwithstanding, if any replacement part shall have been PPE Collateral, the replaced part, upon release from this Lease, shall be subject to the Security Agreement and constitute PPE Collateral.

  • Lessee shall maintain a system of identification number tagging on each Component and each item of tangible PPE Collateral which will identify the asset number as set forth in Schedule 1 to the Bxxx of Sale or in Exhibit A to the Security Agreement, as the case may be.


More Definitions of PP&E Collateral

PP&E Collateral means all of the tangible and intangible properties and assets at any time owned or acquired by the Company or any Guarantor, except Borrowing Base Collateral and Excluded Assets.
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PP&E Collateral means Collateral consisting of all tangible real and personal property of Borrowers and their Material Subsidiaries located on the Real Property Assets identified on Schedule 5.5B as being subject to a Mortgage in favor of Agent, together with proceeds thereof, provided that in no event shall PPE Collateral include Working Capital Collateral or Pari Passu Collateral.
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PP&E Collateral means all Secured Sale/Leaseback Collateral and Credit Agreement Term Loan Equipment Collateral as defined in the Intercreditor Agreement to the extent a lien therein is created pursuant to the Security Documents.
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PP&E Collateral shall have the meaning ascribed to that term on Schedule 1 to the Intercreditor Agreement.
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Related to PP&E Collateral

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Collateral has the meaning set forth in Section 2.

  • UCC Collateral is defined in Section 3.03.

  • 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:

  • Indenture Collateral has the meaning set forth in the Granting Clause of the Indenture.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Hedge Collateral Defined in Section 5.3(b).

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

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

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

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

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Acceptable Collateral means any of the following assets of Borrower, if (x) held in or credited to any Collateral Account subject to a first priority Lien under the applicable Security Agreement and (y) the Collateral Requirement has been satisfied with respect thereto:

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

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

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

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Personal Property Collateral means all Collateral other than Real Property.

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • Applicable Collateral Agent means (i) until the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Credit Agreement Collateral Agent and (ii) from and after the earlier of (x) the Discharge of Credit Agreement and (y) the Non-Controlling Representative Enforcement Date, the Collateral Agent for the Series of First Lien Obligations represented by the Major Non-Controlling Representative.