Revolving Loan Collateral definition

Revolving Loan Collateral means the portion of the Pledged Mortgage Assets included in the Collateral with respect to which Revolving Loans (if any) are calculated and determined.

Revolving Loan Collateral means all assets and properties of any Obligor or its estate of any kind whatsoever, real or personal, tangible or intangible and wherever located (including any stock, partnership interest, membership interests or other equity securities), whether now owned or hereafter acquired, upon which a Lien is now or hereafter granted or purported to be granted by such Person in favor of any or all of the Revolving Loan Creditors, as security for all or any part of the Revolving Loan Obligations, and the Proceeds (including insurance proceeds) thereof.

Revolving Loan Collateral means all Collateral except for the Noteholder Motor Vehicle Collateral.

Examples of Revolving Loan Collateral in a sentence

• With respect to requirements for additional Revolving Loans on existing Revolving Loan Collateral under Section 2.1(b)(iv), all requirements and conditions of such Section are satisfied.

• In the event that Revolving Agent is unable to exercise its rights as a secured creditor as a result of any stay in any Insolvency Proceeding or of any temporary restraining order or preliminary injunction with respect to any Obligor, any Revolving Loan Collateral or Revolving Agent, such Access Period shall be extended by the number of days that the Revolving Agent’s or its designees’ access to the Revolving Loan Collateral has been prevented.

• Such repayment will be applied to the outstanding Revolving Loans and Revolving Loan Collateral in such manner as the Administrative Agent may elect in its discretion.

• If such notice is given by the Borrower, the Payment Agent shall notify and instruct the Revolving Loan Collateral Agent to direct the Revolving Loan Depositary Bank to withdraw from the Revolving Loan Cash Collateral Account an amount equal to prepayment amount set forth in the Borrower’s notice, together with the unpaid interest accrued thereon, and remit such sum to the Payment Agent for payment to the Revolving Loan Lenders in accordance with the terms of this Agreement.

• No Revolving Loan shall be made by any Revolving Lender if (i) such Revolving Loan and the Revolving Loan Collateral therefor are not approved by the Administrative Agent in its discretion, (ii) before or after giving effect to such Revolving Loan, the Availability is or would be negative and (iii) the conditions to Extensions of Credit in Section 4.2 are not satisfied.

More Definitions of Revolving Loan Collateral

Revolving Loan Collateral means any and all property owned or leased by a Loan Party that is subject to a first priority security interest or Lien in favor of the administrative agent for the Revolving Lenders, on behalf of itself and the other secured parties under the Revolving Loan Documents, to secure the Revolving Obligations.

Revolving Loan Collateral the “Revolving Loan Collateral” as defined in the Intercreditor Agreement.

Revolving Loan Collateral means all Accounts, Cash Equivalents and General Intangibles of each Credit Party. “Revolving Note” has the meaning ascribed to it in Section 2.2.

Revolving Loan Collateral means “Collateral” as defined in the Revolving Only Collateral Security Agreement.

Revolving Loan Collateral shall have the meaning set forth in the Intercreditor Agreement.

Revolving Loan Collateral. Sub-account”) and also may, with the consent of the Administrative Agent, establish and maintain one or more additional account(s) or sub-account(s) on its books in the name of the Borrower as it deems necessary or desirable for administrative purposes with respect to the Property held by the Custodian for the benefit of the Borrower. The Custodian may, with the written consent of the Administrative Agent, appoint one or more sub-custodian(s) as it deems necessary or desirable who shall by reason of such appointment be entitled to the same protections and immunities as provided to the Custodian hereunder. The Custodial Account, the Cash Collateral Account, the Administrative Expense Sub-account and any additional accounts or sub-accounts established by the Custodian pursuant to Section 2 hereof are herein, collectively, referred to as the “Accounts.” Each of the Accounts shall be a non-interest bearing account and identified on the Custodian’s books and records as having been pledged by the Borrower to Deutsche Bank AG, New York Branch, as administrative agent under the Credit Agreement. Cash in any Account shall be invested in accordance with Section 9 hereof.

Revolving Loan Collateral means all Accounts, Cash Equivalents and General Intangibles of each Credit Party.