Opco Collateral definition

Opco Collateral means the “Collateral” as defined in the Existing Credit Agreement.
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Opco Collateral means all property and interests in property now owned or hereafter acquired or created, of the Parent or any of its Subsidiaries (other than the SPE) in or upon which a OpCo Interest is granted or purported to be granted by any such Person to the OpCo Agent under any of the OpCo Loan Documents, excluding, however, the Warehouse Collateral.
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Opco Collateral means (i) substantially all of the tangible and intangible personal property and assets of the OpCo Entities (including all equipment, inventory and other goods, accounts, licenses, contracts (including gas gathering, processing and transportation contracts), intellectual property and other general intangibles, deposit accounts, insurance claims and proceeds, securities accounts and other investment property and cash), (ii) all right, title and interest of any OpCo Entity in any Midstream Assets owned by such OpCo Entity, (iii) all Equity Interests owned or held of record by any OpCo Entity and (iv) all products, profits, rents and proceeds of the foregoing; provided that, “OpCo Collateral” shall exclude (x) any Excepted Collateral and (y) the LOLC Property so long as the LOLC Property is not used by any OpCo Entity for its commercial operations and such property is being held for sale or lease to one or more third parties.
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Examples of Opco Collateral in a sentence

  • The undersigned, on behalf of the Debtor and each other Grantor, hereby authorizes the Opco Collateral Agent to file financing or continuation statements, and amendments thereto, in all jurisdictions and with all filing offices as the Opco Collateral Agent may determine, in its sole discretion, are necessary or advisable to perfect the security interest granted or to be granted to the Opco Collateral Agent under the Guarantee and Collateral Agreement.


More Definitions of Opco Collateral

Opco Collateral shall exclude (x) any Excepted Collateral and (y) the LOLC Property so long as the LOLC Property is not used by any OpCo Entity for its commercial operations and such property is being held for sale or lease to one or more third parties.
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Opco Collateral means all assets of the Opco Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Opco Loan Document from time to time.
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Related to Opco 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.

  • 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.

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

  • 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.

  • 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.

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

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

  • 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.

  • Prepetition Collateral means the collateral securing the Prepetition BP Secured Claim, including, without limitation, the Posted Collateral.

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

  • 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.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

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

  • Second Lien Collateral Documents means the “Security Documents” or “Collateral Documents” (as defined in the applicable Second Lien Debt Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any Second Lien Obligations or pursuant to which any such Lien is perfected.

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

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

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

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

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • First Lien 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 First Lien Obligations.

  • 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.

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