Intercompany Collateral definition

Intercompany Collateral means all property and interests in property and proceeds thereof now owned or hereafter acquired by any Intercompany Loan Party in or upon which a Lien is granted under any Intercompany Collateral Document.
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Intercompany Collateral. AGENT shall mean CIT in its capacity as Intercompany Collateral Agent.
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Intercompany Collateral means the Assets of the Companies that secure the Intercompany Liens.
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Examples of Intercompany Collateral in a sentence

  • A Subsidiary Borrower shall automatically be released from its obligations hereunder and the security interest in the Intercompany Collateral of such Subsidiary Borrower shall be automatically released in the event that all the capital stock of such Subsidiary Borrower shall be sold, transferred or otherwise disposed of to a person that is not the Company or an Affiliate of the Company in accordance with the terms of the Credit Agreement.

  • Each Customer shall make appropriate entries on its books and records disclosing the security interests in the Intercompany Collateral.

  • For purposes of this Section 4.3, all of the above assets shall be collectively defined herein as the "Intercompany Collateral".

  • This Note is secured as provided in the Xxxxxxx Intercompany Collateral Documents.

  • No vote was required and it was moved that the resignation be accepted and those members nominated be elected unopposed as Committee members: A Walshaw / J.

  • The UCC financing statements delivered to IBM Credit pursuant to Section 4.3 shall disclose the assignment of the security interest in the Intercompany Collateral and indicate the name and address of IBM Credit as assignee.

  • Each Lending Company acknowledges that its liens and security interests may be terminated upon the termination of Intercompany Collateral Agent's role as agent for the Lending Companies hereunder.

  • The parties hereto agree and acknowledge that the liens and security interests granted by the Borrowing Companies under Section 6(b) hereof to Intercompany Collateral Agent, for the benefit of the Lending Companies, are junior and subordinated in all respects to the liens and security interests granted by the Borrowing Companies under the Financing Agreements to Agent, for the benefit of the Lenders, as more particularly described in the Subordination Agreement.

  • Upon request by the Administrative Agent at any time, the Lenders will confirm in writing the Administrative Agent’s authority to release particular types or items of Collateral or NEJD Intercompany Collateral pursuant to this Section 9.12.

  • Credit Parties shall not institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim against a First Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise, with respect to, and no First Lien Secured Party shall be liable for, any action taken or omitted to be taken by a First Lien Secured Party with respect to the Intercompany Collateral.


More Definitions of Intercompany Collateral

Intercompany Collateral means all property and interests in property and proceeds thereof now owned or hereafter acquired by any Intercompany Loan Party in or upon which a Lien is granted under any Intercompany Collateral Document. Credit Agreement HLI Operating Company, Inc. Hxxxx Lemmerz Finance LLC — Luxembourg S.C.A.
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Intercompany Collateral means any and all hypothecs and other security interests in all movable property including, without limitation, all Equipment, Inventory, Claims, investment property, incorporeal property and Proceeds securing the payment and performance by any Borrower or any Subsidiary of the Company or of any Borrower (direct or indirect) of their respective obligations,
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Intercompany Collateral means all of the Intercompany Security Agreement Collateral, Intercompany Mortgaged Property and any other property and assets pledged as collateral, or in respect of which a security interest or other Lien is granted or attaches, under any Intercompany Security Document.
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Related to Intercompany Collateral

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • UCC Collateral is defined in Section 3.03.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Trademark Collateral means all Trademarks, whether now owned or hereafter acquired by the Company, that are associated with the Business. Notwithstanding the foregoing, the Trademark Collateral does not and shall not include any Trademark which would be rendered invalid, abandoned, void or unenforceable by reason of its being included as part of the Trademark Collateral.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Purchase-money collateral means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

  • Foreign Collateral means all Collateral of Foreign Loan Parties securing the Guaranteed Foreign Obligations.

  • Account Collateral means, with respect to each Account, such Account, together with all cash, securities, Financial Assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the Reserve Fund, the Reserve Fund Deposit and the Reserve Fund Amount.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.