FF&E Collateral definition

FF&E Collateral means all assets, now owned or hereafter acquired, of either Issuer, any Guarantor or any other Person, to the extent such assets are pledged or assigned or purport to be pledged or assigned, or are required to be pledged or assigned, on a first lien priority basis, under the FF&E Facility or the related collateral documents to the lenders under the FF&E Facility, or a representative on their behalf, as security for the obligations under the FF&E Facility, together with the proceeds and products thereof, excluding the Aircraft Assets.

FF&E Collateral means Collateral as defined in the Security Agreement; provided, however, that upon the release by the FF&E Agent of its security interest in any portion of the FF&E Collateral, the FF&E Collateral shall exclude such released FF&E Collateral.

FF&E Collateral means all “Collateral” (or equivalent term) as defined in any FF&E Financing.

Examples of FF&E Collateral in a sentence

• On or prior to the Closing Date, there shall be established at Deutsche Bank Trust Company Americas, as the Securities Intermediary, the FF&E Proceeds Account pursuant to the FF&E Collateral Account Agreement.

• Any replacement items that are permitted under the FF&E Facility Agreement and the Bank Credit Agreement to constitute FF&E Component Collateral shall constitute FF&E Collateral hereunder and shall be subject to the lien priorities set forth in Section 2.1 above.

• The FF&E Agent agrees to repair any damage caused to the Hotel/Casino Collateral in connection with its removal of any FF&E Collateral.

• Nothing herein shall affect the right to serve process in any other manner including judicial or non-judicial foreclosure of real property interests which are part of the FF&E Collateral.

• Notwithstanding any other provision hereof, the parties hereto acknowledge that the security interest granted by the Company to the FF&E Agent in the FF&E Proceeds Account (including any Permitted Investments held therein) pursuant to the FF&E Collateral Account Agreement is for the sole and exclusive benefit of the FF&E Agent and the FF&E Lenders and, subject to the terms of the FF&E Intercreditor Agreement, only the FF&E Agent shall have the right to direct the Disbursement Agent with respect thereto.

More Definitions of FF&E Collateral

FF&E Collateral means the following unique and separate categories of property encumbered to secure all or a portion of the Obligations of the Company Group to the applicable Secured Parties (in each case as set forth in Section 2): (a) the Aircraft Collateral, (b) the FF&E Component Collateral and (c) the FF&E Account Collateral; provided, however, that upon the release by the FF&E Agent of its security interest in any portion of the FF&E Collateral, the FF&E Collateral shall exclude such released FF&E Collateral.

FF&E Collateral means the items of furniture, trade fixtures, equipment and other personal property acquired by the Borrower to be used in the operation of its business which is identified on Annex B hereto as of the First Amendment Effective Date. For the avoidance of all doubt, the parties hereto agree that the purchase of all FF&E Collateral by Borrower shall be deemed to have been financed with the proceeds of the Term Loan for all purposes under the Loan Documents and otherwise.

FF&E Collateral means collateral consisting of FF&E purchased pursuant to, with the proceeds of and securing any FF&E Financing permitted pursuant to the terms of the 2015 Notes Indenture.

FF&E Collateral means all “Collateral” (or equivalent term) as defined in any FF&E Facility.

FF&E Collateral means assets that are acquired, leased, improved or constructed (including, without limitation, assets the cost of which is financed in the manner described in the defined term “FF&E Financing”) with the proceeds of, and that secure, FF&E Financing incurred under Section 4.08(b)(3) of the 2015 Notes Indenture (other than pursuant to an issuance of Additional Notes (as defined in the 2015 Notes Indenture)) in accordance with the terms of the 2015 Notes Indenture, including any deposit or securities account in which only such proceeds may be initially deposited.”

FF&E Collateral shall have the meaning set forth in that certain --------------- Security Agreement, dated as of June 15, 2001, by Mortgagor in favor of Mortgagee.

FF&E Collateral or “FF&E” means all of Debtor’s furniture, fixtures and equipment, including, without limitation, that generally described on Part 1 of Schedule A attached hereto and more specifically described on Part 2 of Schedule A attached hereto (as may be supplemented, amended or modified from time to time), whether now or hereafter deemed to be (i) a movable, (ii) affixed to the immovable (real) property such that it may be deemed a component part of the immovable (real) property, or (iii) an appurtenance of the Vessel, in each case, under applicable Louisiana or federal law, or otherwise, and, in each such case, together with all substitutions therefor, replacements thereof and additions thereto, and all proceeds of and from any and all of the foregoing.