Residual Collateral definition

Residual Collateral means any Pledged Collateral described in Section 2(b) that does not constitute (i) Material Pledged Subsidiary Capital Stock or (ii) Available Assets Collateral.
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Residual Collateral has the meaning set forth in the definition of Collateral.
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Residual Collateral means all now existing and hereafter arising right, title and interest of Guarantor in, under and to the following:
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Examples of Residual Collateral in a sentence

  • Without limiting the generality of the foregoing, Borrower hereby reaffirms the validity and enforceability of the Security Interest granted to Lender in the Receivables Collateral and the Residual Collateral as security for Borrower's payment and Performance of all Obligations, other than those Obligations arising out of the Environmental Certificate with Representations, Covenants and Warranties delivered in connection with the Construction Loan Agreement.

  • Neither of Delta Funding Residual Holding Trust 2000-1 or Delta Funding Residual Holding Trust 2000-2 has any creditors or liabilities, or will engage in any business, other than liability for the Subsidiary Guarantees and liabilities to the respective Owner Trustee for costs of administration arising under the respective Residual Collateral Trust Agreements.

  • Notwithstanding the foregoing, no Residual Collateral Trust may be sold, merged or otherwise consolidated with any other entity.

  • All liabilities to the respective Owner Trustee arising under the respective Residual Collateral Trust Agreements are secured by a lien on the Trust Estate (as that term is defined in the respective Residual Collateral Trust Agreements).

  • Schedule 1 hereto sets forth all of the jurisdictions and filing offices in which a financing statement should be filed in order for Buyer to perfect its security interest in the Purchased Assets and other Purchased Items and Residual Collateral.

  • Upon completion of such assignment and transfer, and simultaneous with such completion, DF Special Holdings will forthwith deposit such Residual Receivables in the Delta Funding Residual Holding Trust 2000-1 Residual Collateral Trust.

  • The Residual Collateral Trusts shall be restricted subsidiaries and wholly owned subsidiaries of Delta Funding Corporation and/or of DF Special Holdings Corporation and each Residuals Collateral Trust shall hold Residuals received by its parent.

  • The Company and each of the Subsidiary Guarantors also agrees that the Collateral, consisting primarily of the pledge to the Collateral Agent of the ownership interest in the Residual Collateral Trusts, the principal assets of which are Residual Receivables, will rapidly and materially diminish in value in the event of a bankruptcy filing unless servicing of such Residual Receivables previously has been or is implemented immediately by the Back-Up Servicer under the Back-Up Servicing Agreement.

  • The aggregate book value of Residual Receivables free and clear of all Liens and cash constituting the combined trust estates of the Residual Collateral Trusts shall not be less than the minimum amounts set forth below (the "Minimum Residual Amount") during the time periods specified below.

  • It is understood that either party’s right to liquidate Purchased Items and Residual Collateral delivered to it in connection with Transactions hereunder or to terminate or accelerate obligations under this Agreement or any individual Transaction, are contractual rights for same as described in Sections 555 and 559 of the Bankruptcy Code.


More Definitions of Residual Collateral

Residual Collateral means all of Borrower's right, title and interest in and to any and all proceeds remaining following the foreclosure or other realization by or on behalf of Lender of Lender's lien or security interest in the Real Property and improvements thereon.
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Residual Collateral. Subject to the terms of the Principal Agreements, all now existing and hereafter arising right, title and interest of Guarantor in, under and to the following:
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Residual Collateral means, all now existing and hereafter arising right, title and interest of Pledgor in, under and to the following: (i) the Underlying Loans, (ii) any additional Underlying Loans transferred to Buyer pursuant to this Agreement, (iii) the Records, (iv) all related Servicing Rights, (v) the Program Documents (to the extent such Program Documents and Pledgor’s rights thereunder relate to the Underlying Loans), (vi) any interest in Property relating to the Underlying Loans, (vii) all insurance policies and insurance proceeds relating to any Underlying Loan or the related Mortgaged Property to the extent assignable, including, but not limited to, any payments or proceeds under any related primary insurance, hazard insurance, FHA Mortgage Insurance Contracts (if any), VA Loan Guaranty Agreements (if any) and USDA Loan Guarantees (if any), (viii) Income, solely to the extent of Pledgor’s right therein,
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Related to Residual Collateral

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the Intercreditor Agreement.

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

  • UCC Collateral is defined in Section 3.03.

  • Account Collateral has the meaning set forth in Section 12.1(d).