Applicable Collateral definition
Applicable Collateral means (a) with respect to the Obligations of the U.S. Credit Parties in respect of the U.S. Subfacility, Collateral in which a security interest is granted by a U.S. Credit Party, and (b) with respect to the Obligations of any Credit Party in respect of the RoW Subfacility, Collateral in which a security interest is granted by any Credit Party.
Applicable Collateral shall have the meaning assigned to it in the Security Agreement.
Applicable Collateral means (a) with respect to the Obligations of the U.S. Credit Parties, the U.S. Collateral and (b) with respect to the Obligations of the Canadian Credit Parties, the Canadian Collateral and the U.S. Collateral.
Examples of Applicable Collateral in a sentence
Each Applicable Lender shall be deemed to have exercised reasonable care in the custody and preservation of its Applicable Collateral in its possession if such Applicable Collateral is accorded treatment reasonably equal to that which such Applicable Lender accords its own property.
No Lender shall claim (or support any claim by any third party) that a sale or other disposition of such Applicable Lender’s Applicable Collateral by such Applicable Lender was not commercially reasonable.
More Definitions of Applicable Collateral
Applicable Collateral means, individually and collectively, as the context may require, “Collateral” (as defined in this Agreement, the Mezzanine A Loan Agreement and the Mezzanine B Loan Agreement).
Applicable Collateral means (a) as to the ABL Facilities Agreement, the ABL Facilities Collateral, (b) as to the European Facilities Agreement, the European Facilities Collateral and the Luxembourg Finance Pledged Collateral, (c) as to the US Revolving Facility Agreement or the US Term Facility Agreement, the US Facilities Collateral and (d) as to each Credit Agreement referred to above, but subject to Article XI, all Collateral subject to any Junior Lien securing the Obligations under and as defined in such Credit Agreement.
Applicable Collateral means, for each Loan, the portion of the Collateral specifically relating to the Store which corresponds to such Loan (as set forth on Schedule 4 attached hereto).
Applicable Collateral. (a) as of the Perfection Date, any Equipment and Inventory located in the States of Ohio and Texas, and (b) as of any date thereafter, (i) any Equipment or Inventory located in Ohio and Texas, and (ii) any Equipment or Inventory located in Ohio or Texas on or after the Perfection Date.
Applicable Collateral means (a) with respect to matters relating to US Security Documents, the US Collateral, and (b) with respect to matters relating to UK Security Documents, the UK Collateral.
Applicable Collateral means all of the property (real or personal) in which any of the Deeds of Trust creates or purports to create a Lien, including fixtures but excluding all other goods (as that term is defined in the Washington Uniform Commercial Code).
Applicable Collateral means any of the assets or property of any Grantor whether real, personal or mixed which constitutes or may constitute Priority Lien Collateral but as to which EXXI does not require such Grantor to g▇▇▇▇ ▇ ▇▇▇▇ in EXXI’s favor to secure the Second Lien Obligations pursuant to Second Lien Security Documents.