Personal Property Collateral definition

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

Examples of Personal Property Collateral in a sentence

  • Borrower and its Domestic Subsidiaries shall timely pay all applicable taxes and other charges now existing or hereafter levied against Borrower or the Personal Property Collateral of Borrower, and any taxes on the income of the business of Borrower, subject to Borrower’s good faith right to contest, at Borrower’s expense, the validity or application in whole or part of such taxes and for which Borrower, has set aside on its books adequate reserves.

  • Borrower shall give Lender prompt written notice of (i) any litigation or governmental proceedings against Borrower, any Guarantor, any Pledgor or the Personal Property Collateral, which would reasonably be expected to have a Material Adverse Effect, (ii) any Default or Event of Default under the Loan Documents and (iii) any notices of default received from any lender or material contractor of Borrower.

  • Borrower and its Domestic Subsidiaries shall at all times maintain, in good order, condition and repair, free of Encumbrances (other than Permitted Encumbrances) and in compliance with all applicable laws, the business of Borrower, assets and properties of Borrower, including (without limitation) the Personal Property Collateral of Borrower.

  • The Security Agreements signed by Borrower, Individual Guarantors, Development, Solutions and CK, in each case granting an Encumbrance in all applicable Personal Property Collateral.


More Definitions of Personal Property Collateral

Personal Property Collateral means all Collateral which is not Land Collateral;
Personal Property Collateral has the meaning specified in Section 2.01.
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 shall have the meaning as set forth in Section 5.1(a).
Personal Property Collateral shall have the meaning given to that term in Subparagraph 2.07(b) of the Lease Agreement.
Personal Property Collateral means all of the Debtor’s accounts, goods, documents, equipment, general intangibles, Hedging Agreements, inventory, investment property, letter of credit rights, money, payment intangibles, Receivables and Receivable Records, insurance, software, supporting obligations, Collateral Records, Collateral Support, and all deposit accounts at Secured Party; together with proceeds of any and all of the foregoing.
Personal Property Collateral is defined in Section 6.3.