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Collateral definition

CollateralÌýhas the meaning specified in the Granting Clause of the Indenture.
CollateralÌýhas the meaning set forth in Section 2.
CollateralÌýmeans all of the “Collateralâ€� and â€�Mortgaged Propertyâ€� referred to in the Collateral Documents and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the Secured Parties.

Examples of Collateral in a sentence

  • Except as otherwise specifically set forth herein, the parties expressly agree that this Agreement shall be governed solely by the laws of the State of Utah, without giving effect to the principles thereof regarding the conflict of laws; provided, however, that enforcement of Secured Party’s rights and remedies against the Collateral as provided herein will be subject to the UCC.

  • Guarantor hereby agrees that fifteen (15) daysâ€� notice of a public sale of any Collateral or notice of the date after which a private sale of any Collateral may take place is reasonable.

  • Secured Party shall not be required to marshal any present or future Collateral for, or other assurances of payment of, the Obligations or to resort to such Collateral or other assurances of payment in any particular order, and all of its rights and remedies hereunder and in respect of such Collateral and other assurances of payment shall be cumulative and in addition to all other rights and remedies, however existing or arising.

  • Guarantor waives any right to require Secured Party to proceed against any person or entity or to exhaust any Collateral or to pursue any remedy in Secured Party’s power.

  • As security for the Obligations, Guarantor hereby pledges to Secured Party and grants to Secured Party a first-position security interest in all right, title, interest, claims and demands of Guarantor in and to the Collateral, which Security Interest shall be subordinate only to the Permitted Liens.


More Definitions of Collateral

CollateralÌýall property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document.
CollateralÌýmeans all assets and interests in assets and proceeds thereof now owned or hereafter acquired by Borrower or its Subsidiaries in or upon which a Lien is granted by such Person in favor of Agent or the Lenders under any of the Loan Documents.
CollateralÌýis any and all properties, rights and assets of Borrower described on Exhibit A.
CollateralÌýas defined in Section 3.
CollateralÌýmeans, collectively, all of the real, personal and mixed property (including Capital Stock) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations.
CollateralÌýis defined in Section 2.1.
CollateralÌýas defined in the Security Agreement.