IRB Collateral definition

IRB Collateral means any assets or facilities of the Borrower or any Restricted Subsidiary, the acquisition, lease, construction, repair or improvement of which are financed by IRBs, together with all proceeds and products thereof, contracts in relation thereof and assets ancillary thereto.
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IRB Collateral means the machinery and equipment located at the Company premises in 00 Xxxxxxx Xxxx, Xxxxx, Xxxxx Xxxxxxxx as described on Schedule VI hereto, which machinery and equipment is subject to the security interest in favor of First Union Bank now known as Wachovia Bank of North Carolina pursuant to the IRB Transaction.
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IRB Collateral means, collectively, all real property, fixtures, and personal property (tangible and intangible) comprising a project of an L/C Account Party financed in whole or in part by industrial development revenue bonds issued in respect of such project.
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Examples of IRB Collateral in a sentence

  • The respective mortgagor, grantor, pledgor, or assignor, as the case may be, has good and marketable title to all of the IRB Collateral free and clear of all Liens other than Permitted Liens.

  • Each policy of insurance pertaining to any IRB Collateral shall comply with the provisions of the documents pertaining to the IRB Collateral.

  • The Parties hereby acknowledge that the security interest and liens granted to the Collateral Agent in the Collateral (except with respect to the IRB Collateral) pursuant to the Security Documents secure, first and foremost, the Seasonal Line of Credit Obligations and, second and subordinate, but equally and ratably, the Bank Obligations, the Note Obligations, and the Old Kent L/C Obligations.

  • All rights and remedies under the Security Documents and IRB Collateral Documents may be exercised by the Collateral Agent for the benefit of the Co-Agents and the Lenders and the other beneficiaries thereof upon the terms thereof.

  • All rights and remedies under the Security Documents and IRB Collateral Documents may be exercised by the Collateral Agent for the benefit of the Domestic Agent and the Lenders and the other beneficiaries thereof upon the terms thereof.

  • The Parties hereby further acknowledge that, with respect to the IRB Collateral, such collateral secures, first and foremost, the IRB Obligations; second, the Seasonal Line of Credit Obligations, and third and subordinate, but equally and ratably, the Bank Obligations, the Note Obligations, and the Old Kent L/C Obligations.

  • No consent or authorization of, or filing with, any Person (including, without limitation, any governmental authority), is required in connection with the execution, delivery or performance by any Credit Party, or the validity or enforceability against any Credit Party, of the Credit Documents, other than (i) such consents, authorizations or filings which have been made or obtained, and (ii) customary filings to perfect the Liens in favor of the Collateral Agent granted in the IRB Collateral Documents.

  • Nothing herein shall be deemed to constitute a waiver by any Creditor Party of any right it may have to challenge the perfection or priority of the security interest of the holders of the IRB Obligations in the IRB Collateral.


More Definitions of IRB Collateral

IRB Collateral means property included in the IRB Collateral as may be approved by the Collateral Agent, pursuant to the terms of the Credit Agreement.
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IRB Collateral means property included in the IRB Collateral (as defined in the Credit Agreement) as may be approved by the Credit Agreement Agent pursuant to the terms of the Credit Agreement.
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IRB Collateral means the collateral mortgaged, pledged or otherwise encumbered to secure the IRB Obligations pursuant to (i) that certain Deed of Trust dated as of July 1, 1984 granting security interest in certain real property located in Hollx Xxxge, Onslow County, North Carolina; (ii) that certain Security Agreement dated as of July 1, 1984 granting security interests in certain tangible personal property and fixtures then or thereafter located at the Company's facility in Hollx Xxxge, North Carolina; (iii) that certain Mortgage dated July 13, 1993 granting a security interest in certain real property located in the City of Forrxxx Xxxy, St. Franxxx Xxxnty, Arkansas, (iv) that certain Financing Statement and Security Agreement granting security interests in certain equipment, machinery, furnishings, fixtures and personalty then owned or thereafter acquired with the proceeds of certain of the IRB Obligations, and (v) that certain Mortgage and Security Agreement dated as of July 1, 1993 granting security interests in certain real property located in the City of Forrxxx Xxxy, St. Franxxx Xxxnty, Arkansas and in certain specified items of machinery and equipment.
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IRB Collateral means Collateral Securities, Pledged Bonds, the Trust Estate, the Sinking Fund Collateral, the Cash Collateral Account and any and all other real or personal property at any time securing the IRB Letter of Credit Obligations.
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Related to IRB Collateral

  • UCC Collateral is defined in Section 3.03.

  • 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.

  • 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.

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

  • 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.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

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

  • 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.

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

  • 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.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

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

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

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

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

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

  • 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.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • 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.

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

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

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

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

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.