Permitted Cray Collateral definition

Permitted Cray Collateral means: (1) Collateral consisting of personal property in which the Agent, on behalf of the Banks, has been granted a Lien by a Borrower pursuant to the Credit Documents, (2) Collateral consisting of MGP’s real property and improvements thereon located in Pekin, Illinois and which are subject to a prior Lien in favor of the Agent, on behalf of the Banks, pursuant to a mortgage instrument from MGP to the Agent recorded September 8, 2008 as document number 200800019473 in the real property records of Tazewell County, Illinois; and (3) Collateral consisting of MGP’s real property and improvements thereon located in Atchison, Kansas and which are subject to a prior Lien in favor of the Agent, on behalf of the Banks, pursuant to a mortgage instrument from MGP to the Agent recorded December 12, 2008 in Book 569, Page 19 in the real property records of Xxxxxxxx County, Kansas; provided, however, that (a) Permitted Cray Collateral shall not include any Excluded Assets, Excluded Real Estate or any Borrower’s Accounts or Inventory, in each case whether now owned or existing or hereafter acquired or arising, and (b) in no shall event any real or personal property constitute Permitted Cray Collateral unless the Agent, on behalf of the Banks, has a prior perfected Lien on such property as security for the Obligations.
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Permitted Cray Collateral means: (1) Collateral consisting of personal property in which the Agent, on behalf of the Banks, has been granted a Lien by a Borrower pursuant to the Credit Documents, (2) Collateral consisting of MGP’s real property and improvements thereon located in Pekin, Illinois and which are subject to a prior Lien in favor of the Agent, on behalf of the Banks, pursuant to a mortgage instrument from MGP to the Agent recorded September 8, 2008 as document number 200800019473 in the real property records of Tazewell County, Illinois; and
Sample 1
Permitted Cray Collateral means: (1) Collateral consisting of personal property in which the Agent, on behalf of the Banks, has been granted a Lien by a Borrower pursuant to the Credit Documents, (2) Collateral consisting of MGP’s real property and improvements thereon located in Pekin, Illinois and which are subject to a prior Lien in favor of the Agent, on behalf of the Banks, pursuant to a mortgage instrument from MGP to the Agent recorded September 8, 2008 as document number 200800019473 in the real property records of Tazewell County, Illinois; and (3) Collateral consisting of MGP’s real property and improvements thereon located in Atchison, Kansas and which are subject to a prior Lien in favor of the Agent, on behalf of the Banks, pursuant to a mortgage instrument from MGP to the Agent recorded December 12, 2008 in Book 569, Page 19 in the real property records of Atchison County, Kansas; provided, however, that (a) Permitted Cray Collateral shall not include any Excluded Assets, Excluded Real Estate or any Borrower’s Accounts or Inventory, in each case whether now owned or existing or hereafter acquired or arising, and (b) in no shall event any real or personal property constitute Permitted Cray Collateral unless the Agent, on behalf of the Banks, has a prior perfected Lien on such property as security for the Obligations.
Sample 1

Related to Permitted Cray Collateral

  • 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.

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

  • 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.

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

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

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

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

  • UCC Collateral is defined in Section 3.03.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

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

  • 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.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • 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 Borrower 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.

  • 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.

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

  • Permitted Collateral Liens means (a) in the case of Collateral other than Mortgaged Property, the Liens permitted under Section 6.01 and (b) in the case of Mortgaged Property, “Permitted Collateral Liens” shall mean the Liens described in clauses (a), (c), (d), (g), (h), (o), (p) and (u) of Section 6.01.

  • Permitted Priority Liens means (i) Liens permitted under Section 9.02(c), (d), (e), (f), (g), and (j), and (ii) Liens permitted under Section 9.02(b) provided that such Liens are also of the type described in Section 9.02(c), (d), (e), (f), (g), and (j).

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • Purchase-money collateral means goods or software that secures a purchase-money obligation incurred with respect to that collateral; and

  • 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 mortgage, deed of trust, security agreement, pledge agreement, assignment or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Collateral has the meaning set forth in Section 2.

  • 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.

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

  • Permitted Existing Liens means the Liens on assets of the Borrower and its Subsidiaries identified as such on Schedule 1.1.3 to this Agreement.