Material Collateral definition

Material Collateral means Collateral having a fair market value of at least $200,000.

Material Collateral means Collateral with an aggregate value of $1,000,000 or more for any single location of a Loan Party.

Material Collateral means, Collateral held at any particular location from time to time, the aggregate value of which exceeds Fifty Thousand Dollars ($50,000.00) at any time.

Examples of Material Collateral in a sentence

• There is still a good deal of calibration to be done, especially in the area of a probability distribution for temperature.

• Each Borrowing Base Loan Party shall use, store and maintain all Inventory with reasonable care and caution, in accordance with applicable standards of any insurance and in conformity in all material respects with all applicable Law, and shall make current rent payments (within applicable grace periods provided for in leases and unless being contested in good faith by appropriate proceedings) at all locations where any Material Collateral is located.

• To the extent either party withholds payment of any amount in accordance with FATCA, such amounts shall not be subject to offsets.

• If any Material Collateral is in the possession of a third party, at the Administrative Agent’s request, the Loan Parties shall use commercially reasonable efforts to obtain an acknowledgment that such third party holds the Collateral for the benefit of the Administrative Agent.

• Customer shall only use the components of the Upgraded Material Collateral Kit for patient education and treatment purposes with the System.

More Definitions of Material Collateral

Material Collateral means (i) all Intellectual Property that is material to, or necessary for the operation of, the business of the Company and its Subsidiaries, (ii) the Company’s Intelligent Commerce software solution and any other property material to, or necessary for the operation, of such software including any trade secrets or algorithms associated therewith and (iii) the revenues and proceeds of the foregoing.

Material Collateral means Pledged Intellectual Property, Secured Products, the ARCUS Technology and the unregistered Intellectual Property listed on Schedule VIII of the Security Agreement, the IP Licenses listed on Schedule IX of the Security Agreement and the revenues and proceeds of the foregoing.

Material Collateral means Collateral having a fair market value of at least Two Hundred Thousand Dollars ($200,000).

Material Collateral is defined in Section 5.15(a).

Material Collateral means, as it relates to the value of any tangible Collateral located on any Real Property of any Borrower Party, Collateral with an aggregate value of greater than $250,000, as reasonably determined by the Borrower Parties.

Material Collateral means, Collateral held at any particular location from time to time, the aggregate value of which exceeds One Hundred Thousand Dollars ($100,000) at any time.

Material Collateral means any Collateral which may not be released without the consent of all of the Lenders pursuant to Section 11.26 of the Amended Revolver and Section 11.27 of the Term Loan Agreement, in each case as in effect on the date hereof.