Parent Collateral definition

Parent Collateral means Parent’s right, title and interest in and to all of the Parent’s property and assets, real, personal or mixed, tangible or intangible, of every kind and description, wherever located, which assets, for purposes of clarity, do not include any of the Buyer Collateral.

Parent Collateral has the meaning specified therefor in Section 3(b).

Parent Collateral has the meaning specified in Section 2.1(c).

Examples of Parent Collateral in a sentence

• The Parent Guarantor is a party to the Parent Collateral Documents, in each case as amended through the date hereof, pursuant to which the Parent Guarantor has created Liens in favor of the Agent on certain Collateral and pledged certain Collateral to the Agent to secure the Obligations of the Parent Guarantor.

• The Company, the Parent Guarantor and such Subsidiaries are collectively referred to herein as the "Credit Support Parties", and the Company Collateral Documents, the Parent Collateral Documents, the Subsidiary Guaranty and the Subsidiary Collateral Documents are collectively referred to herein as the "Credit Support Documents".

• The Security Interest granted in the foregoing clause (b), in a principal amount not to exceed $5,000,000, will be and hereby expressly is subordinated and junior only to the security interest in the Parent Collateral granted to the Senior Lender in connection with indebtedness in a principal amount not to exceed $5,000,000 (the “Senior Lien”).

• The Parent agrees to cause existing and future lienholders other than holders of Permitted Liens to enter into an intercreditor agreement in form and substance that is commercially reasonable to the Buyer in connection with the subordination of the existing lienholders’ security interests in the Parent Collateral.

• The Company, the Parent Guarantor and such Subsidiaries are collectively referred to herein as the "Credit ------ Support Parties", and the Company Collateral Documents, the --------------- Parent Collateral Documents, the Subsidiary Guaranty and the Subsidiary Collateral Documents are collectively referred to herein as the "Credit Support Documents".

More Definitions of Parent Collateral

Parent Collateral means all Property of the Parent, now owned or hereafter acquired, upon which a Lien is purported to be created by any Collateral Document.

Parent Collateral means “Collateral”, as defined in the Parent Security Agreement.

Parent Collateral means all personal property and assets of the Parent hereafter acquired or coming into existence in connection with any Acquisition, and all additions and accessions thereto and all substitutions and replacements thereof, and all proceeds, products and Accounts thereof, including, without limitation, all proceeds from the sale or transfer of the Collateral and of insurance covering the same and of any tort claims in connection therewith: (i) All Goods of the Parent, including, without limitations, all machinery, equipment, computers, motor vehicles, trucks, tanks, boats, ships, appliances, furniture, special and general tools, fixtures, test and quality control devices and other equipment of every kind and nature and wherever situated, together with all documents of title and documents representing the same, all additions and accessions thereto, replacements therefor, all parts therefor, and all substitutes for any of the foregoing and all other items used and useful in connection with the Parent's businesses and all improvements thereto (collectively, the "Equipment"); and (ii) All Inventory of the Parent; and (iii) All of the Parent's contract rights and general intangibles, including, without limitation, all partnership interests, stock or other securities, licenses, distribution and other agreements, computer software development rights, leases, franchises, customer lists, quality control procedures, grants and rights, goodwill, trademarks, service marks, trade styles, trade names, patents, patent applications, copyrights, deposit accounts, and income tax refunds (collectively, the "General Intangibles"); (iv) All Accounts of the Debtors including all insurance proceeds, and rights to refunds or indemnification whatsoever owing, together with all instruments, all documents of title representing any of the foregoing, all rights in any merchandising, goods, equipment, motor vehicles and trucks which any of the same may represent, and all right, title, security and guaranties with respect to each Receivable, including any right of stoppage in transit; and

Parent Collateral has the meaning specified in Section 5.1(a).

Parent Collateral shall include all of the foregoing items, all of Parent's additions and accessions thereto, all of Parent's substitutions and replacements thereof, and all of Parent's proceeds, products and accounts thereof, including without limitation all proceeds from the licensing or sale or other transfer of Collateral and of insurance covering the same and of any tort claims in connection therewith.

Parent Collateral means all of the assets and property of CIT, whether real, personal or mixed, with respect to which a Lien is purported to be granted pursuant to the First Lien Collateral Documents, the Series A Documents, or the Series B Documents, as applicable.

Parent Collateral means any “Collateral” under and as defined in the Parent Pledge Agreement.