Designated Collateral definition

Designated Collateral. As defined in the Titling Trust Agreement.

Designated Collateral shall have the meaning provided in Section 3.1 hereof.

Designated Collateral shall have the meaning provided in Section 1.1(a) hereof.

Examples of Designated Collateral in a sentence

• Subject to the terms of this Agreement, the Administrative Agent will have the sole right to make withdrawals from the Designated Collateral Proceeds Account and all costs and expenses for establishing and maintaining the Designated Collateral Proceeds Account will be paid by Borrower.

• Once established, the Borrower may not in any way alter or modify the Designated Collateral Proceeds Account.

• Notwithstanding the foregoing, with respect to the remaining fifty percent (50%) of Net Cash Proceeds, the Borrower or the Guarantor which receives such Net Cash Proceeds shall either (x) make a principal prepayment of the Revolving Loans with such Net Cash Proceeds or (y) deposit such Net Cash Proceeds into the Designated Collateral Proceeds Account.

• As between the Senior Secured Parties, the Designated Collateral Agent (acting at the direction of the Designated Senior Representative) shall have the right, but no obligation, to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.

• Without limitation to the foregoing, each Grantor agrees to take, and to cause each other Grantor to take, such further action and to execute and deliver such additional documents and instruments (in recordable form, if requested) as the Designated Collateral Agent may reasonably request to effectuate the terms of and the lien priorities contemplated by the Intercreditor Agreement.

More Definitions of Designated Collateral

Designated Collateral means, at any time prior to the date that all amounts under the Revolving Credit Agreement have been repaid and the commitments thereunder have been terminated, any Equipment or Real Estate, and at all times thereafter, any item of Collateral.

Designated Collateral means, collectively, (i) any Collateral and (ii) any Indenture Collateral.

Designated Collateral means the Shares of Capital Stock, other securities and investment property, promissory notes and other instruments, chattel paper and negotiable documents identified in Schedule 3.08.

Designated Collateral means certificates of title for vehicles of the Loan Parties that do not constitute Borrowing Base Collateral.

Designated Collateral means (i) inventory at the 29 stores to be closed pursuant to the Debtor's June 27, 1997 Restructuring Presentation (the "Business Plan"), (ii) the real estate interests in 9 of such stores to be closed (and the 7 properties currently held for sale) and any related fixtures and equipment which presently secure the Existing Credit Facility (iii) the tax refund projected to be received by the Debtor during the Case and (iv) the proceeds of the promissory notes (in the aggregate principal amount of approximately $1,050,000) presently pledged to the Existing Lenders in connection with prior store dispositions and which mature on December 1, 1997.

Designated Collateral has the meaning given it in Section 2.3(c).

Designated Collateral means with respect to (i) Harco as Debtor, the --------------------- collateral identified and in which a security interest is granted to a Harco Secured Party pursuant to Section 2.1(a) or (b) of the Collateral Agency Agreement, (ii) a Holder (including Harco) as Debtor, the Collateral identified in a Collateral Supplement (which, unless otherwise provided in such Collateral Supplement, shall consist of all of such Holder's rights with respect to each of the Leases, Leased Vehicles and other Portfolio Assets comprising the Portfolio Interest of such Holder) and in which a security interest is granted pursuant to Section 2.1 of the Collateral Agency Agreement or (iii) the Trust as Debtor, the Collateral in which a security interest is granted to a Secured Party pursuant to Section 2.1(a) (with respect to General Trust Assets) or Sections 2.1(c), (d) and (e) (with respect to Portfolio Assets); provided, however, that for purposes of the Collateral Agency Agreement and any related Collateral Supplement, in the event that Harco (a) enters into any sale-leaseback transaction with respect to a Portfolio Interest, (b) pledges a Portfolio Interest as collateral for its obligations under a sale-leaseback transaction, or (c) uses assets allocated to a Portfolio Interest in connection with a sale-leaseback transaction or as collateral for its obligations under such a transaction, all obligations of Harco under the Transaction Documents for such transaction shall be deemed to constitute "Secured Obligations" of Harco and the Trust, the lessor and owner participant thereunder shall be deemed to be "Secured Parties" with respect to such obligations, and the "Designated Collateral" with respect to Harco, such Secured Parties, such transaction and such Secured Obligations shall be deemed to include the Portfolio Interest which is sold and leased back by Harco in such sale-leaseback transaction, any Portfolio Interest pledged by Harco as collateral for its obligations under such sale-leaseback transaction, and all assets from time to time allocated to a Portfolio Interest in connection with such sale-leaseback transaction or as collateral for Harco's obligations under such transaction, notwithstanding the fact that such lessor or owner participant may be the Holder of the Portfolio Interest which is sold and leased back or to which the assets have been allocated that are sold and leased back.