Permitted Collateral Location definition

Permitted Collateral Location is defined in Section 12.1(gg).
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Permitted Collateral Location means for each Borrower, (i) the locations set forth for such Borrower on Exhibit E hereto, (ii) locations in the continental United States and Canada (other than Quebec) which the Company notifies the Administrative Agent in writing are locations of Collateral and (iii) such other locations as are approved for such Borrower by the Administrative Agent and the Required Lenders in their discretion; PROVIDED, HOWEVER, that unless and to the extent the Administrative Agent and the Required Lenders agree otherwise, such a location which is not owned by a Borrower (each, a "LEASED LOCATION"), and such a location which is owned by a Borrower but subject to a mortgage or similar lien in favor of a third party (each a "MORTGAGED LOCATION"), shall in no event constitute a Permitted Collateral Location unless each Person owning or controlling such leased location or holding a lien on such mortgaged location shall have waived all of its right, title and interest in and to any inventory located thereon in writing in form and substance reasonably satisfactory to the Administrative Agent and the Required Lenders; FURTHER PROVIDED, HOWEVER, that if and so long as no Event of Default has occurred and is continuing, no such agreement need be obtained for (i) locations owned or leased by Polygram or (ii) leased locations where inventory for all the Borrowers aggregating at all such locations (all such locations taken together) of not more than $500,000 in value is located in the ordinary course of a Borrower's business for delivery to purchasers thereof.
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Permitted Collateral Location means (a) any of the locations specified on Schedule 3.21B, and (b) any other locations in the State of Minnesota which Borrower designates in writing from time to time to the Agent.
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Examples of Permitted Collateral Location in a sentence

  • If for any reason any Collateral is at any time kept or located at a location other than a Permitted Collateral Location, the Agent shall nevertheless have and retain a lien on and security interest therein.

  • If for any reason any Collateral is at any time kept or located at a location other than a Permitted Collateral Location, the Secured Party shall nevertheless have and retain a lien on and security interest therein.

  • If for any reason any Collateral is at any time kept or located at a location other than a Permitted Collateral Location, the Agent shall nevertheless have and retain a lien on and security interest in such Collateral.

  • If for any reason any Collateral (except Inventory in transit) is at any time kept or located at a location other than a Permitted Collateral Location, the Agent shall nevertheless have and retain a Lien on and security interest therein.

  • If for any reason any Collateral (except Inventory in transit) is at any time kept o r located at a location other than a Permitted Collateral Location, the Agent shall nevertheless have and retain a Lien on and security interest therein.

  • The means (denoted by µ) and standard deviations (denoted by σX) of indicators of has changed under the county government calculated.

  • The Credit Parties will not hold General Collateral, have General Collateral held or permit General Collateral to be held at a location other than a Permitted Collateral Location without the prior written consent of the Collateral Agent.

  • If for any reason any Collateral is at any time kept or located at a location other than a Permitted Collateral Location, the Lender shall nevertheless have and retain a lien on and security interest therein.

  • If a Permitted Collateral Location is not owned by a Credit Party, the Borrower shall, if so requested by the Lender, deliver a Collateral Access Agreement.

  • If a Permitted Collateral Location is not owned by a Credit Party, the Borrowers shall, if so requested by the Lender, deliver a Collateral Access Agreement.


More Definitions of Permitted Collateral Location

Permitted Collateral Location subject to Section 10.1(g), means a location set forth on Schedule M or a location approved by the Agent in writing.
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Permitted Collateral Location means the location listed in Schedule G (Real Property and Locations of Collateral).
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Permitted Collateral Location shall have the meaning assigned to such term in the Security Agreement.
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Related to Permitted Collateral Location

  • 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.”

  • Excluded Equipment means (i) defibrillators, enhanced emergency medical kits and other medical equipment, (ii) airphones and other components or systems installed on or affixed to the Airframe that are used to provide individual telecommunications or electronic entertainment to passengers aboard the Aircraft, (iii) galley carts, beverage carts, waste containers, liquor kits, food tray carriers, ice containers, oven inserts, galley inserts, and other branded passenger convenience or service items, (iv) any items, equipment or systems leased by Company or any Permitted Lessee (other than items, equipment, or systems that are leased from Company pursuant to the applicable Lease) or owned by Company or any Permitted Lessee subject to a conditional sales agreement or a security interest (other than the security interest granted under the Indenture), and (v) cargo containers.

  • 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.

  • Excluded Property shall have the meaning set forth in the Security Agreement.

  • Permitted Facility means a facility authorized by the general permit to discharge total nitrogen or

  • Borrowing Base Property means any one of the Borrowing Base Properties.

  • Excluded Personal Property means the following:

  • Contested Collateral Lien Conditions means, with respect to any Permitted Lien of the type described in clauses (a), (b), (e) and (f) of Section 6.02, the following conditions:

  • Approved Location means the site for the operation of the Franchised Business selected by Franchisee and approved in writing by Franchisor;

  • Landlord Personal Property Collateral Access Agreement means a Landlord Waiver and Consent Agreement substantially in the form of Exhibit S, with such amendments, modifications or supplements as may be approved by Collateral Agent.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Off-Site Location means any real property other than the Real Property.

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Personal Property Collateral means all Collateral other than Real Property.

  • Designated Equipment means any equipment designated in the SLA, upon which the Licensed System may be used; Documentation means operating manuals and other printed materials which assist the Customer to use the Licensed System including any technical and user software material as published by Pentana Solutions; Escalation Request is as set out in the SLA;

  • Committed Equipment Line is a Credit Extension of up to Five Million Dollars ($5,000,000).

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

  • Accessory equipment means any equipment associated with the installation of a wireless telecommunications facility, including but not limited to cabling, generators, fans, air conditioning units, electrical panels, equipment shelters, equipment cabinets, equipment buildings, pedestals, meters, vaults, splice boxes, and surface location markers.

  • Covered Equipment means, unless otherwise specified in a Schedule, Covered Property:

  • Permitted Real Property Encumbrances means (i) those liens, encumbrances and other matters affecting title to any Mortgaged Property listed in the applicable title policy in respect thereof (or any update thereto) and found, on the date of delivery of such title policy to the Administrative Agent in accordance with the terms hereof, reasonably acceptable by the Administrative Agent, (ii) as to any particular real property at any time, such easements, encroachments, covenants, restrictions, rights of way, minor defects, irregularities or encumbrances on title which do not, in the reasonable opinion of the Administrative Agent, materially impair such real property for the purpose for which it is held by the mortgagor or owner, as the case may be, thereof, or the Lien held by the Administrative Agent, (iii) municipal and zoning laws, regulations, codes and ordinances, which are not violated in any material respect by the existing improvements and the present use made by the mortgagor or owner, as the case may be, of such real property, (iv) general real estate taxes and assessments not yet delinquent, and (v) such other items as the Administrative Agent may consent to.

  • Excluded Properties the collective reference to the fee or leasehold interest in real properties owned by the Parent Borrower or any of its Subsidiaries not described in Schedule 5.8.

  • Permitted Receivables Related Assets means any other assets that are customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving receivables similar to Receivables and any collections or proceeds of any of the foregoing.

  • Rental Equipment means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.

  • Excluded Collateral shall have the meaning assigned to such term in the Security Agreement.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • Anchor location means the physical location from which: