Examples of Escrow Collateral in a sentence
The Borrower shall grant the Administrative Agent, for the benefit of the Secured Parties, a first priority security interest in the Escrow Collateral.
The Escrow Issuer shall grant the Trustee, for the benefit of the Holders, a first priority security interest in the Escrow Collateral.
The Collateral shall exclude the Interest Escrow Collateral; provided that the amounts deposited into the Interest Escrow Account shall not exceed an amount equal to the first six scheduled interest payments on the Convertible Notes, excluding any additional interest.
The Trustee shall have no responsibility for perfecting or maintaining the perfection of the Trustee's security interest in the Escrow Collateral or for filing any instrument, document or notice in any public office at any time or times.
The Liens created by the Escrow Agreement shall be first priority security interests in the Escrow Collateral.