Seller Collateral definition

Seller Collateral has the meaning set forth in Section 3.09(a).

Seller Collateral shall have the meaning assigned to it in Section 8.01 of the Purchase Agreement.

Seller Collateral has the meaning set forth in Section 14.09.

Examples of Seller Collateral in a sentence

• The Seller (or the Servicer on its behalf) shall identify and transfer any funds not representing Collections on Pool Receivables and other Sold Assets and Seller Collateral, deposited into any Collection Account other than an Excluded Collection Account to the appropriate Person entitled to such funds within two (2) Business Days of such deposit.

• The Seller will furnish or cause to be furnished to the Administrative Agent and each Group Agent from time to time such information with respect to the Pool Receivables and the other Sold Assets and the Seller Collateral as the Administrative Agent or any Group Agent may reasonably request.

• The Servicer represents and warrants that none of the Sold Assets or Seller Collateral constitutes Blocked Property.

• Except as otherwise provided herein, the Seller will not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Adverse Claim upon (including, without limitation, the filing of any financing statement) or with respect to, any Pool Receivable, Sold Assets, or any Seller Collateral other than Permitted Liens, or assign any right to receive income in respect thereof.

• The Servicer shall identify and transfer any funds not representing Collections on Pool Receivables and other Sold Assets and Seller Collateral deposited into any Collection Account other than an Excluded Collection Account to the appropriate Person entitled to such funds within two (2) Business Days of such deposit.

More Definitions of Seller Collateral

Seller Collateral has the meaning set forth in Section 2.08(i)(i).

Seller Collateral has the meaning given to such term in Section 5.02 hereof.

Seller Collateral shall have the meaning assigned to it in Section 7.01 of the Purchase Agreement.

Seller Collateral means the Subject Shares given as Pledged Collateral (defined in the Pledge Agreement) and all proceeds thereof.

Seller Collateral means the Property of the Borrowers which may be pledged as collateral security for any Seller Note, with such Property to consist solely of (a) the name and goodwill of the target of the Acquisition, (b) any dealership agreements that the target of the Acquisition may have assigned to the Borrowers (whether by operation of law or otherwise) in connection with the Acquisition, and (c) any other collateral approved by all Lenders in their reasonable discretion.

Seller Collateral. As defined in Section 8.1 of the Purchase Agreement. Seller LOC Draws: Any payments made to the Purchaser in connection with the Letter of Credit and allocated to the Seller. Seller Secured Obligations: All loans, advances, debts, liabilities, indemnities and obligations for the performance of covenants, tasks or duties or for payment of monetary amounts (whether or not such performance is then required or contingent, or such amounts are liquidated or determinable) owing by the Seller to any Affected Party under the Purchase Agreement and any document or instrument delivered pursuant thereto, and all amendments, extensions or renewals thereof, and all covenants and duties regarding such amounts, of any kind or nature, present or future, whether or not evidenced by any note, agreement or other instrument, arising thereunder, including Capital Investment, Daily Yield, Yield Shortfall, Unused Facility Fees, Unused Facility Fee Shortfall, Margin, amounts in reduction of Purchase Excess, Successor Servicing Fees and Expenses, Additional Amounts and Indemnified Amounts. This term includes all principal, interest (including all interest that accrues after the commencement of any case or proceeding by or against the Seller in bankruptcy, whether or not allowed in such case or proceeding), fees, charges, expenses, attorneys' fees and any other sum chargeable to the Seller thereunder, whether now existing or hereafter arising, voluntary or involuntary, whether or not jointly owed with others, direct or indirect, absolute or contingent, liquidated or unliquidated, and whether or not from time to time decreased or extinguished and later increased, created or incurred, and all or any portion of such obligations that are paid to the extent all or any portion of such payment is avoided or recovered directly or indirectly from any Purchaser or the Administrative Agent or any transferee of the Purchaser or the Administrative Agent as a preference, fraudulent transfer or otherwise. Seller's Share: The ratio of (i) the Maximum Purchase Limit under the Purchase Agreement to (ii) the aggregate maximum purchase limits or commitments under the Purchase Agreement and all Other Funding Agreements. Senior Credit Facility: That certain Credit Agreement dated as of October 2, 2000, among the Parent, as borrower, certain subsidiaries of Parent, as guarantors, the Senior Credit Facility Lenders, the Senior Credit Facility Collateral Agent and the other parties thereto, and the other lo...

Seller Collateral has the meaning set forth in Section 15.09. “Seller Guaranty” has the meaning set forth in Section 15.01.