Universal Shared Collateral definition

Universal Shared Collateral shall have the meaning assigned in the Shared Guarantee and Collateral Agreement.
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Universal Shared Collateral as defined in Section 3.
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Examples of Universal Shared Collateral in a sentence

  • All right, title and interest in and to the Universal Shared Collateral Account shall vest in the Shared Collateral Agent, and funds on deposit in the Universal Shared Collateral Account shall constitute Universal Shared Collateral, subject to the rights of the Grantors thereto.

  • Each Universal Shared Grantor hereby grants a security interest in the Universal Shared Collateral Account to the Shared Collateral Agent for the benefit of the Universal Shared Collateral Secured Parties as collateral security for the Universal Secured Obligations.

Related to Universal Shared 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.

  • 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.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Excluded Collateral shall have the meaning assigned to such term in the Security Agreement.

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.