New Collateral definition

New Collateral means an Eligible Loan that Seller proposes to be included as Collateral.

New Collateral means, collectively, a first lien on the property and -------------- assets of Reorganized Prism described in Schedule A attached hereto (other than the Film Library and the Film Library Accounts Receivable of Reorganized Prism) and a second priority lien on the Film Library and the Film Library Accounts Receivable of Reorganized Prism subject only to the lien of Imperial Bank, all as more fully described in the New Security Agreement.

New Collateral means the Collateral in which a security interest is created in favor of the Collateral Agent for the benefit of the New Secured Parties under the New Security Agreement.

Examples of New Collateral in a sentence

• This Agreement has been entered into to record the accession of the New Representative[s] as Other First-Priority Representative[s] under the First Lien/Second Lien Intercreditor Agreement [and to record the accession of the New Collateral Agent as an Other First-Priority Collateral Agent under the First Lien/Second Lien Intercreditor Agreement].

• This Agreement has been entered into to record the accession of the New Representative[s] as Other Second-Priority Representative[s] under the First Lien/Second Lien Intercreditor Agreement [and to record the accession of the New Collateral Agent as an Other Second-Priority Collateral Agent under the First Lien/Second Lien Intercreditor Agreement].

• This Agreement is supplemental to that certain First Lien/Second Lien Intercreditor Agreement, dated as of [ ], 20[ ] (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “First Lien/Second Lien Intercreditor Agreement”), by and among the parties (other than the New Representative and the New Collateral Agent) referred to above.

• SECTION 2.02 The New Collateral Agent confirms that its address details for notices pursuant to the Intercreditor Agreement are as follows: [ ].

• Buyer has not made any independent inquiry of any aspect of the New Collateral or Purchased Loans or the underlying collateral.

More Definitions of New Collateral

New Collateral has the meaning given in Section 3.1(f).

New Collateral means any Collateral pledged to the Collateral Agent pursuant to stock pledge agreements executed and delivered pursuant to Section 1017 of the Indenture or Section 7.1.9 of the Term Loan Agreement.

New Collateral shall have the meaning set forth in Section 4.3 hereof. ----------------

New Collateral means an asset that Borrower proposes to be included as Collateral.

New Collateral means all Property described in any New Security Document as security for any Obligations

New Collateral as defined in the third whereas clause.

New Collateral means the New Mortgage Properties and the Utility Subsidiaries. “New Mortgage Properties” shall mean Kapalua Resort Site 6-0 and the Omaopio Property.