Pledged or Controlled Collateral definition

Pledged or Controlled Collateral has the meaning assigned to such term in Section 5.05(a).

Pledged or Controlled Collateral shall have the meaning assigned to such term in Article V.

Pledged or Controlled Collateral means any Shared Collateral in the possession or control of a Collateral Agent (or its agents or bailees), to the extent that possession or control thereof or of any account in which such Shared Collateral is held perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Pledged or Controlled Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments and Chattel Paper or any Deposit Account, commodities account or securities account, in each case, delivered to or in the possession or control of the Collateral Agent under the terms of the First Lien Debt Documents.

Examples of Pledged or Controlled Collateral in a sentence

• The rights of the Second Priority Representatives and the Second Priority Debt Parties with respect to the Pledged or Controlled Collateral shall at all times be subject to the terms of this Agreement.

• The rights of the Second Priority Representatives and the Second Priority Secured Parties with respect to the Pledged or Controlled Collateral shall at all times be subject to the terms of this Agreement.

• Without limiting the foregoing, the First Lien Collateral Agent shall have no obligation or responsibility to ensure that any Pledged or Controlled Collateral is genuine or owned by any of the Grantors.

• Without limiting the foregoing, the First Priority Agent shall have no obligation or responsibility to ensure that any Pledged or Controlled Collateral is genuine or owned by any of the Grantors.

• Without limiting the foregoing, the First Lien Administrative Agent shall have no obligation or responsibility to ensure that any Pledged or Controlled Collateral is genuine or owned by any of the Grantors.

More Definitions of Pledged or Controlled Collateral

Pledged or Controlled Collateral shall have the meaning set forth in Section 5.1(a) hereof.

Pledged or Controlled Collateral means Collateral as to which perfection can be accomplished by the possession or control (as such term is defined in the Uniform Commercial Code) of such Collateral or of any account in which such Collateral is held.

Pledged or Controlled Collateral as defined in Section 14.5(a).

Pledged or Controlled Collateral has meaning set forth in Section 2.12(a).

Pledged or Controlled Collateral means any Shared Collateral that can be perfected by the possession or control of such Shared Collateral or of any deposit account, securities account or commodities account in which such Shared Collateral is held, and if such Shared Collateral or any such deposit account, securities account or commodities account is in fact in the possession or under the control of the Priority Lien Agent, or of agents or bailees of such Person.

Pledged or Controlled Collateral means the Common Collateral to the extent that possession thereof, or the granting of control (in accordance with the Uniform Commercial Code) with respect thereto, perfects a Lien thereon under the Uniform Commercial Code.

Pledged or Controlled Collateral shall have the meaning assigned to such term in Article V. “Refinance” shall mean, in respect of any Indebtedness, to refinance, extend, renew, restructure or replace, or to issue other Indebtedness in exchange or replacement for, such Indebtedness, in whole or in part. “Refinanced” and “Refinancing” shall have correlative meanings. “Refinancing Notice” shall have the meaning assigned to such term in Section 7.02. “Release” shall have the meaning assigned to such term in Section 3.04(a). “Second Lien Collateral” shall mean any assets of any US Grantor that constitute “Collateral” or “Mortgaged Property” as defined in the Second Lien Security Documents, and any other assets of any US Grantor now or at any time hereafter subject to a Lien securing any Term Obligations. “Second Lien Collateral Agent” shall have the meaning assigned to such term in the preamble. “Second Lien Loan Documents” shall mean the Term Loan Documents and the Existing Senior Notes Indenture. “Second Lien Obligations” shall mean the Term Obligations and the Existing Senior Notes Obligations. “Second Lien Permitted Actions” shall have the meaning assigned to such term in Section 3.01(a). “Second Lien Secured Parties” shall mean the Term Secured Parties and the Existing Senior Notes Secured Parties. “Second Lien Security Documents” shall mean (a) the Term Security Documents and (b) any and all agreements, documents or instruments now existing or entered into after the date hereof that grant in favor of the Second Lien Collateral Agent, for the benefit of the Second Lien Secured Parties, or directly in favor of any Term Secured Party, a Lien on any assets of any US Grantor to secure any Second Lien Obligations or under which rights or remedies with respect to any such Lien are governed.