Composition of the Collateral Sample Clauses
The 'Composition of the Collateral' clause defines what assets or property are included as collateral under an agreement. It typically specifies the types of assets—such as cash, securities, or other property—that the borrower must provide or maintain as security for their obligations. For example, it may list acceptable forms of collateral or set requirements for their quality and value. This clause ensures both parties have a clear understanding of what constitutes collateral, thereby reducing disputes and clarifying the scope of security provided.
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Composition of the Collateral. The property in which a security interest is, or is intended to be, granted pursuant to this Agreement, the May Security Agreement, or any other Loan Document and the provisions of Section 5.2 is herein collectively called the “Collateral.” The Collateral, together with all the Borrower’s other property of any kind held by the Lender, shall stand as one general, continuing collateral security for all of the Obligations, and may be retained by the Lender until all Obligations have been satisfied in full, and the Discretionary Facility has terminated.
Composition of the Collateral. The property in which a security interest is granted pursuant to the provisions of Paragraphs 4.2 and 4.3 is herein collectively called the "Collateral." The Collateral, together with all of the Borrower's other property of any kind, both real and personal, held by, assigned to, mortgaged to or conveyed in favor of the Bank, shall stand as one general, continuing collateral security for all Obligations and may be retained by the Bank until all Obligations have been satisfied in full.
Composition of the Collateral. The Loans shall be secured primarily with first liens and security interests upon those tracts of Borrower's real property which are agreed upon between Borrower and Lender ("Security Tracts"), together with the improvements, furniture, fixtures, equipment, accounts and inventory located on, attributable to or used in connection with the Security Tracts, as specifically set out in, and together with such other mortgages, liens and security interests as set out in the Loan Documents set forth in Section 3.2
Composition of the Collateral. The Collateral shall stand as one general ----------------------------- continuing collateral security for all Obligations and may be retained by Bank until all Obligations and Other Obligations have been satisfied in full.
Composition of the Collateral. The property in which a security interest or other lien is granted pursuant to any of the provisions of this Agreement, including this Section 4, and/or the documents executed and delivered pursuant hereto, including the proceeds (including insurance proceeds) thereof, is herein collectively called the "Collateral".
Composition of the Collateral. Borrower and each Guarantor grants or confirms the prior grant to Lenders under the Original Credit Facility and the First Amended Facility, as appropriate, a Lien on and security interest in the following property belonging to each of them (the "Collateral") as security for the payment of the Obligations whether now existing or hereafter arising and the performance by Borrower and each Guarantor of its obligations under this Agreement and any Hedging Instrument entered into from time to time:
(A) All machinery, equipment, vehicles, vessels, aircraft, fixtures, buildings, appliances, furniture and other tangible assets, now owned or hereafter acquired and wherever located.
(B) All inventory now owned or hereafter acquired and products and proceeds thereof.
(C) All accounts, contract rights and accounts receivable, now or hereafter in existence and all proceeds thereof, and all returned or repossessed goods arising from or relating to any of the said accounts or rights.
(D) All instruments, documents, chattel paper and general intangibles, rights in trademarks, trade names, patents, copyrights and licenses now owned or hereafter acquired or arising.
(E) All cash or non-cash proceeds of any of the foregoing, including insurance proceeds.
(F) All ledger sheets, files, records, documents, and instruments (including, but not limited to, computer programs, tapes and related electronic data processing software) evidencing an interest or relating to the above, and all products or proceeds of the above.
(G) All substitutes, and replacements for, accessions, attachments, and other additions to, and tools, parts, and equipment used in connection with any of the above, and all products and proceeds of the above. Such security interest shall be evidenced by appropriate security agreements or amendments to such security agreements executed in connection with the Second Amended Facility or mortgages, trust deeds or other instruments in such form as may be required by law and shall be perfected, as required by Administrative Agent, in all appropriate jurisdictions. The Collateral, together with all of Borrower's other property or the property of any Guarantor of any kind held by any Lenders, shall stand as one general, continuing collateral security for all Obligations, and such continuing security interest may be retained by Lenders until all Obligations have been satisfied in full. All existing UCC-1 financing statements filed pursuant to the Original Credit Facility, a...
Composition of the Collateral. The property in which a security interest is granted pursuant to the Pledge Agreement, and Section 4.02 hereof is herein collectively referred to herein as the "Collateral." The Collateral, together with all other property of the Borrower of any kind held by the Bank, shall stand as one general, continuing collateral security for all Obligations and may be retained by the Bank until all Obligations have been satisfied in full.
Composition of the Collateral. The property in which a security interest is granted pursuant to the provisions of Section IV, Paragraph 2, is herein collectively called "COLLATERAL". The COLLATERAL, together with all other property of the BORROWER of any kind held by the BANK, shall stand as one general, continuing collateral security for all OBLIGATIONS and may be retained by the BANK until all OBLIGATIONS have been satisfied in full. BORROWER has executed a security agreement, granting a security interest in and to certain property ("COLLATERAL") to BANK. Such separate security agreement is a COLLATERAL DOCUMENT.
Composition of the Collateral. The Collateral, together with ----------------------------- all of each Obligor's other property of any kind held by the Lender, shall stand as one general, continuing collateral security for all Obligations and may be retained by the Lender until all Obligations have been satisfied in full. The Collateral shall secure the Obligations as follows:
(a) the Star Collateral shall first secure Obligations arising under Note A and Note B (to the extent funded) pari passu, and shall next secure Obligations arising under Note D and ---- ----- shall next secure Star's guaranty of Star Tobacco's Obligations arising under the Star Guaranty with respect to Note C; and (b) the Star Tobacco Collateral shall first secure Obligations arising under Note C, and shall next secure Star Tobacco's guaranty of Star's Obligations arising under the Star Tobacco Guaranty of Star with respect to Note B, and shall next secure Obligations arising under the Star Tobacco Guaranty with respect to Note A and Note D, pari passu. After ---- ----- the payment of Note C and Note D and prior to the payment in full of the Obligations evidenced by Note A and Note B, Lender will forebear enforcing its security interest in the Intellectual Property Collateral so long as none of the Obligors are in a bankruptcy proceeding under Title 11 of the U.S. Code or other insolvency, reorganization or receivership proceeding, whether under state or federal law. If no Event of Default has occurred prior to January 1, 2003, Lender will release its security interest in the Intellectual Property Collateral effective as of such date. The provisions of this Section 7.01 supercede any conflicting provisions of the Restated Star Security Agreement and the Star Tobacco Security Agreement.
Composition of the Collateral. The Loans shall be secured primarily with first liens and security interests upon those tracts of Borrower's real property which are agreed upon between Borrower and Lender ("Security Tracts"), together with the improvements, furniture, fixtures, equipment, accounts and inventory located on, attributable to or used in connection with the Security Tracts, as specifically set out in, and together with such other mortgages, liens and security interests as set out in the Loan Documents (as defined in Section 3.2). The security granted by the Loan Documents shall constitute collateral for the indebtedness established by the Loans and as otherwise established and set out in the Loan Documents (cumulatively the "Secured Indebtedness"). All of the mortgages, liens, security interests, and rights granted to Lender by the Loan Documents shall secure any and all Secured Indebtedness. Lender shall not be required to release any of the liens, security interests, and rights granted or given to Lender by any of the Loan Documents unless and until all of the Secured Indebtedness has been paid in full. The Loan Documents shall provide, and Borrower hereby agrees, that a default under any Loan Document shall constitute a default under the Loan Documents for all Loans and under each of the Revolving Loan Documents, and a default under any of the Revolving Loan Documents shall constitute a default under each of the Loan Documents.