Commercial Tort Claims Collateral definition

Commercial Tort Claims Collateral means all commercial tort claims described in Schedule VI hereto, provided, however, that any commercial tort claim shall not be included in the "Commercial Tort Claims Collateral" to the extent, but only to the extent, that the assignment thereof or grant of a security interest therein would violate any effective or enforceable provision of applicable law.
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Commercial Tort Claims Collateral. Assigned Agreements", "Pledged Equity" or "Pledged Debt" for the purposes hereof):
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Commercial Tort Claims Collateral has the meaning set forth in Section 5.01(h).
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Examples of Commercial Tort Claims Collateral in a sentence

  • Without limiting the authorization of Lender under Section 5.4 or otherwise arising out of Borrowers’ execution of this Agreement or any of the other Loan Documents, Lender is irrevocably authorized at any time to file financing statements naming Lender as secured party and any Borrower as debtor, or any amendments to financing statements covering any Commercial Tort Claims Collateral.

  • Without limiting the authorization of Lender under Section 5.3 or otherwise arising out of Borrowers’ execution of this Agreement or any of the other Loan Documents, Lender is irrevocably authorized at any time to file financing statements naming Lender as secured party and Borrowers as debtor, or any amendments to financing statements covering any Commercial Tort Claims Collateral.


More Definitions of Commercial Tort Claims Collateral

Commercial Tort Claims Collateral provided that the term “Commercial Tort Claims Collateral” shall not include any Excluded Assets);
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Commercial Tort Claims Collateral has the meaning specified in Section 4(h). “Computer Software” has the meaning specified in Section 4(g)(iv). “Copyrights” has the meaning specified in Section 4(g)(iii). “Depositary” has the meaning specified in the preliminary statements to this Agreement. “Equipment” has the meaning specified in Section 4(a). “First Lien Collateral Agent” has the meaning specified in the recital of parties to this Agreement. “First Lien Credit Agreement” has the meaning specified in the preliminary statements to this Agreement. “First Lien Secured Obligations” has the meaning specified in Section 5. “Grantors” has the meaning specified in the recital of parties to this Agreement. “Guarantors” mean, MACH Gen GP and each of the Project Companies. “Initial Pledged Debt” has the meaning specified in the preliminary statements to this Agreement. “Initial Pledged Equity” has the meaning specified in the preliminary statements to this Agreement. “Intellectual Property Collateral” has the meaning specified in Section 4(g). “Intercreditor Agreement” has the meaning specified in the preliminary statements to this Agreement. “Inventory” has the meaning specified in Section 4(b). “IP Agreements” has the meaning specified in Section 4(g)(viii). “MACH Gen GP” means MACH Gen GP, LLC, a Delaware limited liability company. “Material Adverse Effect” has the meaning specified in the First Lien Credit Agreement. “Patents” has the meaning specified in Section 4(g)(i).
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Related to Commercial Tort Claims Collateral

  • Commercial Tort Claims means commercial tort claims (as that term is defined in the Code), and includes those commercial tort claims listed on Schedule 1.

  • Commercial Tort Claim means a claim arising in tort with respect to which:

  • Tort Claim means any Claim that has not been settled, compromised or otherwise resolved that: (a) arises out of allegations of personal injury, wrongful death, property damage, products liability or similar legal theories of recovery; or (b) arises under any federal, state or local statute, rule, regulation or ordinance governing, regulating or relating to protection of human health, safety or the environment.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Trade Secrets Collateral means all common law and statutory trade secrets and all other confidential or proprietary or useful information and all know-how obtained by or used in or contemplated at any time for use in the business of the Grantor (all of the foregoing being collectively called a "Trade Secret"), whether or not such Trade Secret has been reduced to a writing or other tangible form, including all documents and things embodying, incorporating or referring in any way to such Trade Secret, all Trade Secret licenses, including each Trade Secret license referred to in Schedule V attached hereto, and including the right to xxx for and to enjoin and to collect damages for the actual or threatened misappropriation of any Trade Secret and for the breach or enforcement of any such Trade Secret license.

  • UCC Collateral is defined in Section 3.03.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit K with such amendments or modifications as may be approved by the Collateral Agent.

  • Grantor means each and all of the persons or entities granting a Security Interest in any Collateral for the Loan, including without limitation all Borrowers granting such a Security Interest.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Intellectual Property Collateral means, collectively, the Patents, Trademarks, Copyrights, Intellectual Property Licenses and Goodwill.

  • Excess Collateral has the meaning set forth in Section 5.7.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • 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.

  • Copyright Collateral means all Copyrights, whether now owned or hereafter acquired by the Company, that are associated with the Business.

  • 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.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Tort action means a civil action for damages for injury, death, or loss to person or property other than a civil action for damages for a breach of contract or another agreement between persons or government entities.

  • Trademark Collateral means all Trademarks, whether now owned or hereafter acquired by the Company, that are associated with the Business. Notwithstanding the foregoing, the Trademark Collateral does not and shall not include any Trademark which would be rendered invalid, abandoned, void or unenforceable by reason of its being included as part of the Trademark Collateral.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • 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.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Threshold Event Collateral shall have the meaning assigned to such term in Section 5(g).

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.