Fixed Collateral definition
Examples of Fixed Collateral in a sentence
To the best of such Borrower's knowledge, all Fixed Collateral is in good operating condition and repair and all necessary replacements of and repairs to the same have been made so that the value and operating efficiency thereof has been maintained and preserved, reasonable wear and tear excepted and where a breach hereof would have a Material Adverse Effect.
The foregoing provisions are intended as an inducement to the Lenders to extend credit and such Lenders are intended third party beneficiaries of such provisions and the provisions of the Second Priority Intercreditor Agreement, the Senior Fixed Collateral Intercreditor Agreement and the Senior Lender Intercreditor Agreement.
The Fixed Collateral and Revolving Collateral, collectively, together with all of the Property, and interests of Borrowers therein, otherwise described in Section 4.1 of this Agreement and all other Property of the Borrowers now or at any time or times hereafter subject to a Lien in favor of Lender.
Deliver to Bank, at Bank's --------------------------------- reasonable request, within five (5) business days after Bank's request: (i) any and all evidence of ownership of Fixed Collateral, inclusive of any certificates of title or applications therefor, and (ii) accurate, itemized records, maintained to the best of Borrowers' ability, describing the kind, type, quantity and value of all Fixed Collateral, a summary of which shall be provided to Bank.
Notwithstanding anything herein to the contrary, the lien and security interest granted to the Revolving Collateral Agent pursuant to this Agreement in any Fixed Collateral, and the exercise of any right or remedy by the Revolving Collateral Agent with respect to any Fixed Collateral hereunder are subject to the provisions of the Intercreditor Agreement.
The Senior Fixed Collateral Intercreditor Agreement allocates the benefits of the Shared Collateral among the holders of the Senior Fixed Obligations.
As among the respective First Lien Agents, nothing in this Agreement shall alter the respective rights, priorities and obligations of the First Lien Agents under the Senior Lender Intercreditor Agreement or the Senior Fixed Collateral Intercreditor Agreement.
The Fixed Collateral, Revolving Collateral, Cash Collateral, Premises, and all other Property of Borrowers now or at any time or times hereafter subject to a Lien in favor of Bank.
All Fixed Collateral except for the "Equipment" (as defined in that certain Equipment Purchase Agreement between Assumptor and Will▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇ Nanc▇ ▇▇▇▇▇▇▇▇ ▇▇▇ed as of the date of this Agreement, a copy of which is attached hereto as Exhibit B and incorporated herein by reference).
All Fixed Collateral is in good operating condition and repair and all necessary replacements of and repairs to the same have been made so that the value and operating efficiency thereof has been maintained and preserved, reasonable wear and tear excepted.