Pledged Railcars definition

Pledged Railcars means those certain railcars owned by the Borrower and pledged to the Administrative Agent pursuant to the Collateral Documents. As of the Closing Date, the Pledged Railcars are identified by the “reporting xxxx” (including the “road number”) and the lease number on Schedule 1.01. Thereafter, Schedule 1.01 shall be deemed to be updated from time to time in connection with Dispositions of or casualty or condemnation events with respect to any such railcars and pledges of additional railcars pursuant to the Collateral Documents, whether as a result of addition, substitution or otherwise.
Sample 1Sample 2
Pledged Railcars means those certain railcars owned by the Debtor and identified by the “reporting xxxx” (including the “road number”) and the lease number on Schedule 2 (as such Schedule 2 may hereafter be amended (or deemed amended) from time to time pursuant to Section 2(f) hereof).
Sample 1
Pledged Railcars means and includes the Initial Railcars and the Additional Railcars, collectively, in each case together with related appliances, parts, accessories, appurtenances, additions, improvements and other equipment or component of any nature installed thereon and replacements thereof and substitutions therefore, all additions to, substitutions for, replacements of or accessions to any of the foregoing, all attachments, components, parts (including spare parts) and accessories whether installed thereon or affixed thereto and all fuel for any thereof and all options, warranties, service contracts, program services, test rights, maintenance rights, support rights, improvement rights and indemnifications relating to any of the foregoing, excluding each Initial 165 Loan Agreement Railcar and Additional Railcar that has been released from the Lien of this Agreement pursuant to and in accordance with the terms of the Loan Documents.
Sample 1

Examples of Pledged Railcars in a sentence

  • The Borrower has good and marketable title to all Pledged Railcars, subject to (a) Permitted Liens that do not secure Indebtedness (other than the Obligations) and (b) leases entered into in the ordinary course of the Borrower’s business.

  • As of the Closing Date, the “reporting xxxx” (including the “road number”) for each Pledged Railcar and the lease number for each of the Leases of the Pledged Railcars are identified on Schedule 2.

  • Contractor must ensure that fresh bags and other consumables like thread and LDPE sheet etc.

  • The Administrative Agent acknowledges and agrees that any buyer of Equipment in the ordinary course of the Debtor’s business takes free of the Administrative Agent’s Security Interest and that the Debtor may lease, rent or hire Pledged Railcars to Lessees in the usual and ordinary course of the Debtor’s business.

  • For purposes of this subsection, the term ‘‘cooperative agreement’’ means a written agreement that is signed by the home State bank supervisor and the host State bank su- pervisor to facilitate State regulatory super- vision of State banks, and includes nation- wide or multi-State cooperative agreements and cooperative agreements solely between the home State and host State.

  • The Administrative Agent shall, at the Lessee’s request, execute and deliver an agreement which shall permit the Lessee to continue such Lease in effect and to quiet possession of the subject Pledged Railcars, notwithstanding the occurrence of any Event of Default, so long as such Lessee shall not be in default under the applicable Lease.

  • In addition to the rights and remedies hereunder, the Administrative Agent may, in compliance with Sections 9-620 and 9-621 of the UCC or otherwise complying with the requirements of applicable Law of the relevant jurisdiction, and subject to the rights of Lessees of Pledged Railcars to quiet possession as contemplated by Section 2(d) of this Agreement, accept or retain the Collateral or any part thereof in satisfaction of the Secured Obligations.

Related to Pledged Railcars

  • Pledged Assets With respect to any Mortgage Loan, all money, securities, security entitlements, accounts, general intangibles, payment intangibles, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description pledged by Combined Collateral LLC as security in respect of any Realized Losses in connection with such Mortgage Loan up to the Pledged Amount for such Mortgage Loan, and any related collateral, or such other collateral as may be set forth in the Series Supplement.

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

  • Pledged Asset Loan Any Mortgage Loan supported by Pledged Assets or such other collateral, other than the related Mortgaged Property, set forth in the Series Supplement.

  • Pledged Equity Interests means all Pledged Stock, Pledged LLC Interests, Pledged Partnership Interests, Pledged Trust Interests and Pledged Alternative Equity Interests.

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • Pledged Revenues means all of the Series Pledged Revenues.

  • Pledged Property means all Pledged Notes, Pledged Interests, Pledged Shares, all assignments of any amounts due or to become due with respect to the Pledged Interests or the Pledged Shares, all other instruments which are now being delivered by any Grantor to the Administrative Agent or may from time to time hereafter be delivered by any Grantor to the Administrative Agent for the purpose of pledging under this Security Agreement or any other Credit Document, and all proceeds of any of the foregoing.

  • Pledged Equity has the meaning specified in the Security Agreement.

  • Pledged Funds means all of the Series Pledged Funds.

  • Pledged revenue means money pledged to the payment of or as security for:

  • Pledged Items means, as of any date, any and all securities and instruments delivered by the Pledgor to be held by the Collateral Agent under this Collateral Agreement as Collateral, whether Eligible Collateral or Ineligible Collateral.

  • Pledged Trust Interests means all interests in a Delaware business trust or other trust including, without limitation, all trust interests listed on Schedule 4.4(A) under the heading “Pledged Trust Interests” (as such schedule may be amended or supplemented from time to time) and the certificates, if any, representing such trust interests and any interest of such Grantor on the books and records of such trust or on the books and records of any securities intermediary pertaining to such interest and all dividends, distributions, cash, warrants, rights, options, instruments, securities and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of such trust interests.

  • Pledged Notes all promissory notes listed on Schedule 2, all Intercompany Notes at any time issued to any Grantor and all other promissory notes issued to or held by any Grantor (other than promissory notes issued in connection with extensions of trade credit by any Grantor in the ordinary course of business).

  • Pledged when used in conjunction with any type of asset, means at any time an asset of such type that is included (or that creates rights that are included) in the Collateral at such time. For example, “Pledged Equity Interest” means an Equity Interest that is included in the Collateral at such time.

  • Pledged Investment Property means any investment property of any Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments.

  • Pledged Amount With respect to any Pledged Asset Loan, the amount of money remitted to Combined Collateral LLC, at the direction of or for the benefit of the related Mortgagor.

  • Pledged Interests shall have the meaning ascribed to such term in Section 4(j).

  • Pledged Deposits means all time deposits of money (other than Deposit Accounts and Instruments), whether or not evidenced by certificates, which a Grantor may from time to time designate as pledged to the Administrative Agent or to any Secured Party as security for any Secured Obligations, and all rights to receive interest on said deposits.

  • Pledged Debt Instruments means all right, title and interest of any Grantor in Instruments evidencing any Indebtedness owed to such Grantor, including all Indebtedness described on Schedule 2 (Pledged Collateral), issued by the obligors named therein.

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

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

  • Pledged Shares has the meaning provided in Section 2 hereof.

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • 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.

  • Additional Pledged Collateral means all shares of, limited and/or general partnership interests in, and limited liability company interests in, and all securities convertible into, and warrants, options and other rights to purchase or otherwise acquire, stock of, either (i) any Person that, after the date of this Agreement, as a result of any occurrence, becomes a direct Subsidiary of any Grantor or (ii) any issuer of Pledged Stock, any Partnership or any LLC that are acquired by any Grantor after the date hereof; all certificates or other instruments representing any of the foregoing; all Security Entitlements of any Grantor in respect of any of the foregoing; all additional indebtedness from time to time owed to any Grantor by any obligor on the Pledged Notes and the instruments evidencing such indebtedness; and all interest, cash, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, provided, that, in no event shall Additional Collateral include any Excluded Equity. Additional Pledged Collateral may be General Intangibles or Investment Property.

  • Pledged Indebtedness means the Indebtedness evidenced by promissory notes and instruments listed on Part B of Schedule I hereto;