Personal Property Collateral definition

Personal Property Collateral means all Collateral other than Real Property.

Personal Property Collateral means all property included in the Collateral except Real Property Collateral.

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

Examples of Personal Property Collateral in a sentence

• If any Personal Property Collateral is in a building any portion of which is located in a special flood hazard area and that building is not collateral for the Loan, Lender must require Borrower to obtain available flood insurance for the Personal Property Collateral.

• If any equipment, fixtures, or inventory that is collateral for the Loan (“Personal Property Collateral”) is in a building any portion of which is located in a special flood hazard area and that building is not collateral for the Loan, Lender must require Borrower to obtain available flood insurance for the Personal Property Collateral.

• If any equipment, fixtures, or inventory that is collateral for the Loan (“Personal Property Collateral”) is in a building any portion of which is located in a special flood hazard area and that building is collateral for the Loan, Lender must require Borrower to also obtain flood insurance for the Personal Property Collateral under the NFIP.

• Lender may waive SBA’s requirement for flood insurance for the Personal Property Collateral when the building is not collateral for the Loan, but only if Lender, using prudent lending standards, puts a written determination into the Loan file that flood insurance is either not available or not economically feasible.Insurance coverage must be in amounts equal to the lesser of the insurable value of the property or the maximum limit of coverage available.

• If any equipment, fixtures, or inventory that is collateral for the loan (“Personal Property Collateral”) is in a building any portion of which is located in a special flood hazard area and that building is collateral for the Loan, Lender must require Borrower to also obtain flood insurance for the Personal Property Collateral under the NFIP.

More Definitions of Personal Property Collateral

Personal Property Collateral means all Collateral other than Real Estate Assets.

Personal Property Collateral means all Collateral which is not Land Collateral;

Personal Property Collateral means the Personal Property of a Mortgagor in which security interests are granted to Administrative Agent, for the benefit of the Lenders, under the Mortgages.

Personal Property Collateral has the meaning specified in Section 2.01.

Personal Property Collateral shall have the meaning as set forth in Section 5.1(a).

Personal Property Collateral means the Borrower Personal Property Collateral and the Guarantor Personal Property Collateral.

Personal Property Collateral shall have the meaning given to that term in Subparagraph 2.07(b) of the Lease Agreement.