Group III Collateral definition

Group III Collateral means the Master Lease and all payments made thereunder, the Group III Vehicles, the rights under Vehicle Disposition Programs in respect of Group III Vehicles, any other Group III Master Collateral, Master Lease Collateral or other Collateral related to Group III Vehicles, the Group III Collection Account and all proceeds of the foregoing.
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Group III Collateral shall have the meaning set forth in the Supplement.
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Group III Collateral is defined in SECTION 3.1 of this Base Indenture.
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Examples of Group III Collateral in a sentence

  • Create or permit to exist any Lien with respect to the Group III Collateral or the Master Lease Collateral now or hereafter existing or acquired, except for Permitted Liens.

  • In addition, for purposes of Section 4.2(a) of the Base Indenture, the Master Servicer in its capacity as such under the Master Lease shall cause all Collections allocable to Group III Collateral in accordance with the Indenture and the Master Collateral Agency Agreement, as applicable, to be paid directly into the Group III Collection Account or the Master Collateral Account, as applicable.

  • The RCFC Obligations with respect to this Supplement shall not be deemed to be fully satisfied for purposes of Section 12.15 of the Base Indenture, and this Supplement shall not terminate, until all of the Group III Collateral has been liquidated and all of the applicable proceeds thereof have been allocated in accordance with Section 4.7(e) hereof.

  • Finally, RCFC may determine instead, upon tender of an Exchanged Vehicle to a Qualified Intermediary, to designate one or more Replacement Vehicles having an aggregate Net Book Value at least equal to the New Book Value of the Exchanged Vehicle to substitute for such Exchanged Vehicle as Group III Collateral and Group III Vehicles for purposes of the Related Documents.

  • All other action necessary (including the filing of UCC-1 financing statements) to protect and perfect the Trustee's security interest in the Group III Collateral or Group-Specific Collateral, as applicable, now in existence and hereafter acquired or created has been duly and effectively taken.

  • Nothing in this SECTION 13.17 shall be construed to limit the Trustee from exercising its rights hereunder with respect to the Group III Collateral or any Group-Specific Collateral.

  • The Issuer may from time to time issue additional Segregated Series of Notes that the related Series Supplements will indicate are entitled to share, together with the Series 2000-2 Note, the Group III Collateral and any other collateral designated as security for the Group III Series of Notes under this Supplement or any other related Series Supplement (the Series 2000-2 Note and any such additional Segregated Series, each, a "Group III Series of Notes" and, collectively, the "Group III Series of Notes").

  • The Group III Collateral shall secure the Notes included in the Group III Series of Notes.

  • In this regard, for the purposes of the terms and conditions governing the Series 2002-1 Notes and the Group III Collateral, Section 7.28 of the Base Indenture shall not apply.

  • In this regard, for the purposes of the terms and conditions governing the Series 2003-1 Notes and the Group III Collateral, Section 7.28 of the Base Indenture shall not apply.


More Definitions of Group III Collateral

Group III Collateral has the meaning specified in Section 3.1(a) of this Supplement.
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Group III Collateral shall have the meaning set forth in the Group III Supplements.
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Related to Group III Collateral

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • UCC Collateral is defined in Section 3.03.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.