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 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 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.

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.

• 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.

• In the event the Collateral Agent shall have received notice of the disapproval by the Required Lenders of all or any portion of the Eligible FF&E Collateral, the Collateral Agent shall so inform the Disbursement Agent pursuant to the terms of Section 2.4.1(e) of the Disbursement Agreement.

• Nothing in this Agreement shall affect, limit or otherwise restrict the right and ability of the Bank Agent and the Bank Lenders and (subject to the Project Lenders Intercreditor Agreement) the Indenture Trustee and the Second Mortgage Note Holders to exercise any remedy or enforce other rights (including foreclosure) upon any collateral other than the FF&E Collateral.

• 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.

More Definitions of FF&E Collateral

FF&E Collateral means all “Collateral” (or equivalent term) as defined in any FF&E Financing and to the extent securing any FF&E Financing.

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 Closing 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 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 means the Partnership's FF&E and any substitutions and replacements thereof, other than FF&E acquired with the proceeds of up to $6.0 million of permitted future FF&E Financings, as more particularly described in the Security Agreement.

FF&E Collateral all present and future right, title and interest of the Debtor in or to the following personal property and assets, whether now owned or existing or hereafter arising or acquired, in each case located at the Debtor's headquarters building (the "Subject Property") at 00000 Xxxxxx Xxxxxx, Huntington Beach, California, and all rights and powers of the Debtor to transfer any interest in or to any such personal property or assets: (i) all present and future equipment, machinery, spare parts, tools, molds, dies, furniture, furnishings, fixtures, tenant improvements and trade fixtures, in each case located in' or at the Subject Property, (ii) all present and future accessions, appurtenances, components, repairs, repair parts, spare parts, replacements, substitutions, additions, issue and/or improvements to or of or with respect to any of the foregoing, (iii) all rights, remedies, powers and/or privileges of the Debtor with respect to any of the foregoing and (iv) any and all proceeds and products of the foregoing, including all money, accounts, general intangibles, deposit accounts, documents, instruments, chattel paper, goods, insurance proceeds and any other tangible or intangible property received upon the sale or disposition of any of the foregoing.