European Collateral definition

European Collateral means the present and future assets of the European subsidiary borrower and guarantors under the General Credit Facility pledged as security to the First Lien Collateral Agent pursuant to the European Security Documents (as defined in the General Credit Facility).

European Collateral means all of the “European Collateral” referred to in the Collateral Documents.

European Collateral means any and all property of any European Loan Party or US Loan Party subject (or purported to be subject) to a Lien under any Collateral Document and any and all other property of any European Loan Party or US Loan Party, now existing or hereafter acquired, that is or becomes subject (or purported to be subject) to a Lien pursuant to any Collateral Document, in each case, to secure the European Secured Obligations.

Examples of European Collateral in a sentence

• If the European Collateral Agent, any Receiver or any delegate takes possession of all or any of the Collateral, it may from time to time in its absolute discretion relinquish such possession.

• The European Collateral Agent shall have a Lien on the security constituted over the Collateral and the proceeds of enforcement of any Collateral Documents for all such sums.

• However, where the Loan Documents provide for the European Collateral Agent and the other Finance Parties to provide instructions to or otherwise communicate with one or more of the others of them, then for so long as they are the same entity it will not be necessary for there to be any formal instructions or other communication, notwithstanding that the Loan Documents provide in certain cases for the same to be in writing.

• The European Collateral Agent shall not be bound to account to any other Finance Party for any sum or the profit element of any sum received by it for its own account.

• The European Collateral Agent may treat each Lender as a Lender, entitled to payments under the Collateral Documents and acting through its Facility Office unless it has received not less than five Business Days’ prior notice from that Lender to the contrary in accordance with the terms of relevant Collateral Document.

More Definitions of European Collateral

European Collateral means, collectively, the Dutch Collateral and the UK Collateral.

European Collateral means the present and future assets of the European subsidiary borrowers and guarantors under the General Credit Facility pledged as security to the First Lien Collateral Agent pursuant to the European Security Documents (as defined in the General Credit Facility).

European Collateral means any Collateral hereafter granted to the ABL Agent by Foreign Subsidiaries of the ABL Loan Parties organized under the laws of any European jurisdiction to secure any portion of the ABL Obligations.

European Collateral means all property pledged or purported to be pledged pursuant to the terms of the European Security Documents.

European Collateral means all assets that are subject to Liens securing (i) obligations under and pursuant to either or both of the Foreign Subsidiary Guarantees and (ii) obligations of the European Borrower under and pursuant to the First Lien Term Loan Agreement and/or the Second Lien Term Loan Agreement, which liens are granted by Loan Parties not incorporated or tax resident in the United States of America or any state thereof, and all rights and benefits of the First Priority Representative and/or the European Collateral Agent under the Foreign Subsidiary Guarantees.

European Collateral means all Property of the European Borrower described in any Collateral Documents.

European Collateral means any and all “Collateral” or “Mortgaged Property” as defined in any European Security Document and all other property that is or is intended under the terms of the European Security Documents to be subject to Liens in favor of the Agent.