Fixed Collateral definition

Fixed Collateral as defined in the Intercreditor Agreement.
Fixed Collateral means, except as provided below, all of the following property of the Company and each Subsidiary Guarantor now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest:
Fixed Collateral means the following, in each case whether now owned or existing or hereafter acquired or arising and wherever located, including (1) all rights of each Grantor to receive moneys due and to become due under or pursuant to the following, (2) all rights of each Grantor to receive return of any premiums for or proceeds of any insurance, indemnity, warranty or guaranty with respect to the following or to receive condemnation proceeds, (3) all claims of each Grantor for damages arising out of or for breach of or default under any of the following, and (4) all rights of each Grantor to terminate, amend, supplement, modify or waive performance under any of the following, to perform thereunder and to compel performance and otherwise exercise all remedies thereunder:

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.


More Definitions of Fixed Collateral

Fixed Collateral as defined in the Senior Secured Note Indenture.
Fixed Collateral means, collectively, all of the real, personal and mixed property in which First Priority Liens are purported to be granted pursuant to the Collateral Documents as security for the Term Obligations and shall include all "Fixed Collateral" as defined in the Intercreditor Agreement.
Fixed Collateral means a J▇▇▇ D’s fixed assets including, but not limited to, all equipment (as such term is defined in the Uniform Commercial Code), machinery, furniture, furnishings, fixtures (as such term is defined in the Uniform Commercial Code), tools, dies, molds, parts, material handling equipment, supplies, and motor vehicles (titled and untitled) of every kind and description, and Oil and Gas Properties now or hereafter owned by J▇▇▇ D, or in which J▇▇▇ D may have or may now or hereafter acquire any interest, wheresoever located, and all proceeds of the foregoing.
Fixed Collateral means the Intellectual Property (defined below), all the capital stock and other equity interests of the Company in all of the subsidiaries of the Company (the "SUBSIDIARIES") and the other rights and assets of the Company in which the Secured Parties are granted a fixed security interest by this Agreement, all as listed in SCHEDULE D hereto and all additions and accessions thereto and all substitutions and replacements thereof, and all proceeds, products and accounts thereof, including, without limitation, all proceeds from the sale or transfer (but not the non-exclusive license) of the Fixed Collateral and of insurance covering the same and of any tort claims in connection therewith, and all dividends, interest, cash, notes, securities, equity interest or other property at any time and from time to time acquired, receivable or otherwise distributed in respect of, or in exchange for, any or all of the aforesaid assets and rights.
Fixed Collateral. All fixed assets of each Borrower including, without limitation, all Real Property, machinery, equipment, furniture, furnishings, fixtures, tools, dies, molds, parts, material handling equipment, supplies and motor vehicles (titled and untitled) of every kind and description, now or hereafter owned by either Borrower, or in which either Borrower may have or may hereafter acquire any interest, wheresoever located, including, without limitation, the items of Fixed Collateral described in Exhibit H attached to this Agreement. GAAP - Generally accepted accounting principles, consistently applied. Global - Continental Global Group, Inc., a Delaware corporation and sole shareholder of each Borrower. Global Guaranty - The Guaranty of Global of even date herewith pursuant to which Global has guaranteed all of the Obligations of Borrowers.
Fixed Collateral means substantially all of the Debtors’ assets (and OSI’s capital stock) other than accounts receivable, inventory, deposit accounts, certain books and records and certain licenses. “Fixtures” means all “fixtures” as such term is defined in the Code, now owned or hereafter acquired by any Credit Party. “Foreign Lender” has the meaning ascribed to it in Section 1.11(c). “Funding Date” has the meaning ascribed to it in Section 7.2. “GAAP” means generally accepted accounting principles in the United States of America, consistently applied. “General Intangibles” means “general intangibles,” as such term is defined in the Code, now owned or hereafter acquired by any Credit Party, including all right, title and interest that such Credit Party may now or hereafter have in or under any Contractual Obligation, all payment intangibles, customer lists, Licenses, Copyrights, Trademarks, Patents, and all applications therefor and reissues, extensions or renewals thereof, rights in Intellectual Property, interests in partnerships, joint ventures and other business associations, licenses, permits, copyrights, trade secrets, proprietary or confidential information, inventions (whether or not patented or patentable), technical information, procedures, designs, knowledge, know-how, software, data bases, data, skill, expertise, experience, processes, models, drawings, materials and records, goodwill (including the goodwill associated with any Trademark or Trademark License), all rights and claims in or under insurance policies (including insurance for fire, damage, loss and casualty, whether covering personal property, real property, tangible rights or intangible rights, all liability, life, key man and business interruption insurance, and all unearned premiums), uncertificated securities, chooses in action, deposit, checking and other bank accounts, rights to receive tax refunds and other payments, rights to receive dividends, distributions, cash, Instruments and other property in respect of or in exchange for pledged Stock and Investment Property, rights of indemnification, all books and records, correspondence, credit files, invoices and other papers, including all tapes, cards, computer runs and other papers and documents in the possession or under the control of such Credit Party or any computer bureau or service company from time to time acting for such Credit Party. “Goods” means any “goods,” as such term is defined in the Code, now owned or hereafter acquired by any ...

Related to Fixed Collateral

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Permitted Collateral Liens means any Lien on the Collateral:

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.