Separate Collateral definition

Separate Collateral means Capital Stock of Subsidiaries and intercompany notes that satisfy the requirements of the defined term "Excluded Securities."

Separate Collateral means, with respect to each Junior Loan, collectively, (i) the Equity Collateral, (ii) the accounts (and monies therein from time to time) established pursuant to each of the Junior Loan Cash Management Agreements, and (iii) any other collateral or benefits, including guarantees or interest rate cap or hedging agreements, given as security for each of the Junior Loans pursuant to the Junior Loan Documents, in each case not constituting security for the Senior Loan or any Senior Junior Loans.

Separate Collateral means Stock of Subsidiaries and Intercompany Notes of Subsidiaries unless, at the relevant time of consideration, such Intercompany Notes of Subsidiaries secure Obligations under the ABL Facility.

Examples of Separate Collateral in a sentence

• Mezzanine Lender shall not have the right to cure as hereinabove set forth with respect to monthly scheduled debt service payments on the Senior Loan for a period of more than [four] consecutive months unless Mezzanine Lender has commenced and is continuing to diligently pursue its rights against the Separate Collateral.

• Each of Senior Lender and each of the Junior Lenders acknowledges that each other party hereto is a distinct separate lender or investor with distinct and separate loans with various rights and remedies with respect to the Premises and the applicable Separate Collateral which are not in all respects aligned.Intercreditor Agreement, § 18(p)(ii) (Emphasis added).

• Bonus Interest Rate, subject to the applicable Bonus Threshold being satisfied.11Authorisation:The issue of the Instruments has been authorised by the board of directors of the Issuer on 14 August 201412Multiple Collateral Issue:Not Applicable (i) Separate Collateral Item Default:Not Applicable (ii) Amortisation:Not Applicable13Hedging Counterparty right to replace Trustee:ApplicableProvisions Relating to Interest14Type of Interest:Fixed Rate (i) Interest Rate: 3.00 per cent.

• Senior Lender hereby consents to the Mezzanine Lenders obtaining title to the applicable Separate Collateral (provided, however, that with respect to the applicable portion of the Separate Collateral constituting Equity Collateral, each Mezzanine Lender acts in accordance with the provisions of Section 5 hereof) pledged to the related Mezzanine Lender, subject to the terms and conditions of Section 5 hereof.

• Further, the co-developer will also operate and maintain the built-up space, over an area of 6,55,600 sq.ft.Co-developer agreement dated 21st March, 2017 entered into with the developer has been provided.

More Definitions of Separate Collateral

Separate Collateral means (i) the Equity Collateral, (ii) the accounts (and monies therein from time to time) established pursuant to the Mezzanine Cash Management Agreement, and (iii) any other collateral given as security for the Mezzanine Loan pursuant to the Mezzanine Loan Documents, in each case not directly constituting security for the Senior Loan.

Separate Collateral shall have the meaning set forth in the Intercreditor Agreement.

Separate Collateral has the meaning assigned to it in the Collateral Trust Agreement.

Separate Collateral means Stock of Subsidiaries and Intercompany Notes of Subsidiaries unless, at the relevant time of consideration, such Intercompany Notes of Subsidiaries secure Revolving Credit Obligations.

Separate Collateral means the “Separate Collateral” with respect to Mezzanine A Loan as defined in the Intercreditor Agreement.

Separate Collateral means, with respect to each Mezzanine Lender, (i) Equity Collateral pledged under its respective Mezzanine Loan Documents, (ii) the accounts (and monies therein from time to time) pledged under its respective Mezzanine Loan Documents, and (iii) any other collateral or benefits (including any guarantees) given as security for or in connection with the applicable Mezzanine Loan pursuant to the applicable Mezzanine Loan Documents (including, without limitation, all amounts payable on behalf of the applicable Mezzanine Borrowers under the applicable Interest Rate Cap Agreement and revenues from properties that are not subject to the lien of the Senior Mortgages), in each case not directly constituting security for the Senior Loan or any other Mezzanine Loan.

Separate Collateral means the furniture, fixture and equipment from time to time located in, and used in connection with the operations of, Terrible's Hotel & Casino.