Tandem Mill Collateral definition

Tandem Mill Collateral means the real property constituting the Issuer's No. 9 tin tandem mill located at Company's Weirton, West Virginia steel-making facility, together with all equipment and fixtures now or hereafter located thereon (whether or not later moved), as described with particularity in the Tandem Mill Deed of Trust, together with all other property, real or personal, conveyed by or pledged under or pursuant to the Tandem Mill Deed of Trust and/or Security Agreement and otherwise described as "Property" or "Collateral", respectively therein; provided, however, that only that portion of the "Collateral" described in the Security Agreement which is located on, is used in connection with or is proceeds of the Tandem Mill shall be included as part of the "Tandem Mill Collateral."
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Tandem Mill Collateral the real Property constituting Borrower's No. 9 Tandem Mill located at Borrower's Weirton, West Virginia steel-making facility and which is legally described on Exhibit A-2 attached to the Agreement, together with all Equipment and Fixtures now or hereafter located thereon (whether or not later moved), including without limitation the Equipment listed on Exhibit A-3 attached to the Agreement.
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Tandem Mill Collateral means the real property constituting Company's No. 9 Tandem Mill located at Company's Weirton, West Virginia steel-making facility and which is legally described on Exhibit A-2 attached to the Agent's Loan Agreement, as in effect on the date hereof, together with all equipment and fixtures now or hereafter located thereon (whether or not later moved), including without limitation the equipment listed on Exhibit A-3 attached to the Agent's Loan Agreement, as in effect on the date hereof and all property of the types described in clauses (viii), (ix) and (x) of the definition of the term "Collateral" and related to any of the foregoing.
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Examples of Tandem Mill Collateral in a sentence

  • The Project Assets are and will remain located physically separate from the Tandem Mill Collateral, the Tin Mill Collateral and the Hot Mill Collateral, except for certain effluent collection and piping systems connected to the real Property improvements included in the Hot Mill Collateral.

  • The due and punctual payment and performance of the Obligations shall also be secured by the Lien created by the Mortgages upon the real Property portions of the Tandem Mill Collateral, the Hot Mill Collateral and the Tin Mill Collateral.

  • The due and punctual payment and performance of the Tandem Mill Subfacility and all accrued and unpaid interest thereon shall also be secured by the Lien created by the Mortgage upon the real Property portion of the Tandem Mill Collateral.

  • In the event of a Permitted Tandem Mill Transaction relating to all or a portion of the Tandem Mill Collateral, the proceeds of such Permitted Tandem Mill Transaction shall be used first to repay the Tandem Mill Subfacility (and to thereby reduce the Tandem Mill Subfacility Commitments) and all accrued and unpaid interest thereon, in full, and any remaining net proceeds shall be applied to reduce the outstanding Revolving Credit Loans (but shall not reduce the Revolving Loan Commitments).


More Definitions of Tandem Mill Collateral

Tandem Mill Collateral the real Property constituting Borrower's No. 9 Tandem Mill located at Borrower's Weirton, West Virginia steel-making facility and which is legally described on EXHIBIT A-2 attached to the Agreement, together with all Equipment and Fixtures now or hereafter located thereon (whether or not later moved), including without limitation the Equipment listed on EXHIBIT A-3 attached to the Agreement.
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Tandem Mill Collateral means the real property constituting Company's No. 9 Tandem Mill located at Company's Weirton, West Virginia steel-making facility and which is legally described on Exhibit A-2 attached to the Agent's Loan Agreement, as in effect on the date hereof, together with all equipment and fixtures now or hereafter located thereon (whether or not later moved), including without limitation the
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Related to Tandem Mill Collateral

  • Control Collateral means any Collateral consisting of any Certificated Security (as defined in Section 8-102 of the Uniform Commercial Code), Investment Property, Deposit Account, Instruments and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • Shared Collateral means, at any time, Collateral in which the holders of Senior Obligations under at least one Senior Facility and the holders of Second Priority Debt Obligations under at least one Second Priority Debt Facility (or their Representatives) hold a security interest at such time (or, in the case of the Senior Facilities, are deemed pursuant to Article II to hold a security interest). If, at any time, any portion of the Senior Collateral under one or more Senior Facilities does not constitute Second Priority Collateral under one or more Second Priority Debt Facilities, then such portion of such Senior Collateral shall constitute Shared Collateral only with respect to the Second Priority Debt Facilities for which it constitutes Second Priority Collateral and shall not constitute Shared Collateral for any Second Priority Debt Facility which does not have a security interest in such Collateral at such time.

  • UCC Collateral is defined in Section 3.03.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Additional Collateral Any of the following held, in addition to the related Mortgaged Property, as security for a Mortgage Loan: (i) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as security for the repayment of such Mortgage Loan, (ii) third-party guarantees, and (A) all money, securities, security entitlements, accounts, general intangibles, payment rights, instruments, documents, deposit accounts, certificates of deposit, commodities contracts and other investment property and other property of whatever kind or description now existing or hereafter acquired which is pledged as collateral for such guarantee or (B) any mortgaged property securing the performance of such guarantee, or (iii) such other collateral as may be set forth in the Series Supplement.

  • 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.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Excess Collateral has the meaning set forth in Section 5.7.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Combined Collateral LLC: Combined Collateral LLC, a Delaware limited liability company.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • Trade Secrets Collateral means all common law and statutory trade secrets and all other confidential or proprietary or useful information and all know-how obtained by or used in or contemplated at any time for use in the business of the Grantor (all of the foregoing being collectively called a "Trade Secret"), whether or not such Trade Secret has been reduced to a writing or other tangible form, including all documents and things embodying, incorporating or referring in any way to such Trade Secret, all Trade Secret licenses, including each Trade Secret license referred to in Schedule V attached hereto, and including the right to xxx for and to enjoin and to collect damages for the actual or threatened misappropriation of any Trade Secret and for the breach or enforcement of any such Trade Secret license.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Patent Collateral means all Patents, whether now owned or hereafter acquired by the Company that are associated with the Business.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • Collateral has the meaning set forth in Section 2.

  • Stock Collateral means, collectively, the Collateral described in clauses (a) through (c) of Section 3 hereof and the proceeds of and to any such property and, to the extent related to any such property or such proceeds, all books, correspondence, credit files, records, invoices and other papers.

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Initial Additional First Lien Obligations means the [Obligations] as such term is defined in the Initial Additional First-Lien Security Agreement.

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.