Perfected Collateral definition

Perfected Collateral means all Collateral, including without limitation Eligible Collateral in which the Bank has attempted in good faith to perfect its security interest by giving constructive notice to third parties through taking possession of the Collateral, filing a financing statement describing the Collateral, of otherwise, and all deposit accounts maintained by the Institution with the Bank.
Sample 1Sample 2Sample 3
Perfected Collateral means all Collateral of the Borrowers located in or subject to the laws of the United States, Canada, Germany, France and the United Kingdom or any Governmental Authority related to any of the foregoing.
Sample 1
Perfected Collateral means Collateral for which all filings and other actions necessary or desirable to perfect and protect Agent’s security interest therein, including Grantors taking all reasonable steps in order for Agent to obtain control or possession in accordance with Articles 8 and 9 of the Code, including Sections 8-106, 9-104, 9-105, 9-106, 9-107 and 9-312 of the Code, with respect to all of their respective Securities Accounts, Deposit Accounts, electronic chattel paper, investment property, goods subject to documents of title in possession of a bailee or warehouseman or other such Person, certificated securities, negotiable documents and goods and documents related thereto, and letter-of-credit rights, have been duly taken or will have been taken upon the filing of financing statements listing each applicable Grantor, as a debtor, and Agent, as secured party, in the jurisdictions listed next to such Grantor’s name on Schedule 8 attached hereto, including such Collateral for which Agent’s security interest becomes perfected and protected for the benefit of Agent pursuant to Section 8(b).
Sample 1

Examples of Perfected Collateral in a sentence

  • Lender has a fully-perfected first priority lien on, and security interest in, all right, title and interest of each Borrower in the Perfected Collateral enforceable against such Borrower and third parties.

  • Notwithstanding anything to the contrary herein, while an Event of Default hereunder shall have occurred and be continuing, or at any time that the Bank's records indicate that such redelivery would reduce the Lending Value of the Institution's Perfected Collateral below the Required Collateral Amount, or at any time that the Bank reasonably and in good faitx xxxxx xxxelf insecure, the Bank may release a request for release.

  • Upon receipt by the Bank of a written request from the Institution asking for the release of any Perfected Collateral, the Bank shall promptly release to the Institution, at the Institution's expense, the Perfected Collateral, specified in said written request.

  • Upon receipt by the Bank of a written request from the Institution asking for the release of any Perfected Collateral, the Bank shall promptly release to the Institution, at the Institution's expense, the Perfected Collateral specified in said written request.

  • Lender has a fully- perfected first priority lien on, and security interest in, all right, title and interest of each Borrower in the Perfected Collateral enforceable against such Borrower and third parties.

  • Upon the making of such filings, Agent shall have a first priority perfected security interest in the Perfected Collateral of each Grantor and shall have a first priority perfected security interest in the other Collateral to the extent such security interest can be perfected by the filing of a financing statement.

  • All filings and other actions necessary or desirable to perfect and protect the Security Interest in the Perfected Collateral have been duly taken or will have been taken upon the filing of financing statements listing each applicable Grantor, as a debtor, and Agent, as secured party, in the jurisdictions listed next to such Grantor’s name on Schedule 8 attached hereto.

  • The Bank may require, before any Advance is made to the Institution, that the Institution make any or all documents pertaining to the Perfected Collateral available to the Bank for its inspection and approval.

  • Notwithstanding anything to the contrary herein, while an Event of Default hereunder shall have occurred and be continuing, or at any time that the Bank's records indicate that such redelivery would reduce the Lending Value of the Institution's Perfected Collateral below the Required Collateral Amount, or at any time that the Bank reasonably and in good faitx xxxxx xxxelf insecure, the Bank may refuse a request for release.

  • Notwithstanding anything to the contrary contained herein, the Borrower and its Subsidiaries shall not be required to perfect security interests granted to the Administrative Agent in the Perfected Collateral that, in the aggregate, has a book value of less than $3,000,000.


More Definitions of Perfected Collateral

Perfected Collateral as defined in Section 4.4(a).
Sample 1
Perfected Collateral means the aggregate amount, at the time of determination, of:
Sample 1

Related to Perfected Collateral

  • As-Extracted Collateral means “as-extracted collateral” as such term is defined in the Uniform Commercial Code as in effect on the date hereof in the State of New York.

  • UCC Collateral is defined in Section 3.03.

  • 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.

  • 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.

  • Permitted Collateral Liens means any “Permitted Liens” other than Liens specified in clauses (2), (3), (4), (5), (14) or (18) of the definition of “Permitted Liens.”

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

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

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

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.

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

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate or Representative of such holder at the time of entry into such Hedging Obligations;

  • 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.

  • Security Interest means any mortgage, charge, pledge, lien or other security interest including, without limitation, anything analogous to any of the foregoing under the laws of any jurisdiction;

  • Permitted Security Interest means any Security Interest:

  • Posted Collateral means all Eligible Collateral, other property, Distributions, and all proceeds thereof that have been Transferred to or received by the Secured Party under this Annex and not Transferred to the Pledgor pursuant to Paragraph 3(b), 4(d)(ii) or 6(d)(i) or released by the Secured Party under Paragraph 8. Any Interest Amount or portion thereof not Transferred pursuant to Paragraph 6(d)(ii) will constitute Posted Collateral in the form of Cash.

  • 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.

  • 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.

  • 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.

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

  • Swap Collateral means, at any time, any asset (including, without limitation, cash and/or securities) which is paid or transferred by a Swap Provider to the Guarantor (and not transferred back to the Swap Provider) as credit support to support the performance by such Swap Provider of its obligations under the relevant Swap Agreement together with any income or distributions received in respect of such asset and any equivalent of such asset into which such asset is transformed; for greater certainty, Contingent Collateral shall at all times be excluded from Swap Collateral;

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • 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.