Term Collateral definition

Term Collateral means any and 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 Term Obligations.

Term Collateral means any and all of the following assets of any Loan Party: (a) Real Property; (b) Equipment (including, without limitation, Rolling Stock); and (c) Equity Interests issued to a Loan Party, certain intercompany loans (as determined by the Administrative Agent in its reasonable discretion), and other fixed or capital assets (but excluding Intellectual Property), and other assets which would customarily constitute term loan priority collateral, as determined by the Administrative Agent in its reasonable discretion, and (d) all proceeds thereof.

Term Collateral means Term Priority Collateral (as defined in the Intercreditor Agreement).

Examples of Term Collateral in a sentence

• No Lender shall have any right individually to realize upon any of the Collateral or to enforce any Guarantee of the Secured Obligations, it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the Term Administrative Agent and Term Collateral Agent on behalf of the Lenders in accordance with the terms thereof.

• After the exercise of remedies provided for in Section 7.01, any amounts received on account of the Secured Obligations shall be applied by the Term Administrative Agent in accordance with Section 4.02 of the Term Collateral Agreement and/or the similar provisions in the other Term Security Documents.

• Upon request by the Term Administrative Agent or the Term Collateral Agent, as the case may be, at any time, the Required Lenders will confirm in writing the Term Administrative Agent’s authority or the Term Collateral Agent’s authority, as the case may be, to release or subordinate its interest in particular types or items of property, or to release any Loan Party from its obligations under any Loan Document, in each case in accordance with the terms of the Loan Documents and this Section 9.14.

• Unless and until the Discharge of Term Obligations has occurred, the Term Collateral Agent and the Term Secured Parties shall have the sole and exclusive right, subject to the rights of the Grantors under the Term Documents, to adjust settlement for any insurance policy covering the TL Priority Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding (or any deed in lieu of condemnation) in respect of the TL Priority Collateral.

• Furthermore, at all times prior to the TL Credit Document Obligations Termination Date, the Collateral Agent is authorized by the parties hereto to effect transfers of TL Priority Collateral at any time in its possession (and any “control” or similar agreements with respect to TL Priority Collateral) to the Term Collateral Agent.

More Definitions of Term Collateral

Term Collateral means all Property of each Loan Party, whether now owned or hereafter acquired, whether arising before or after any Insolvency Proceeding, in which a Lien is obtained, granted or purported to be granted at any time to the Term Agent, for the benefit of the Term Secured Parties, as security for any Term Obligation.

Term Collateral shall have the meaning set forth in the Intercreditor Agreement.

Term Collateral means all of the assets and property of any Term Loan Party, whether real, personal or mixed, with respect to which a Lien is granted as security for any Term Finance Obligations under the Term Collateral Documents.

Term Collateral means (i) all of the assets and property of Bermans and Bentley in which a Lien is purported to be granted by a Mortgage, and (ii) all of the Equipment (and the Proceeds thereof) of each Credit Party covered by the Amended and Restated Security Agreement dated June 19, 2001, in each case whether now existing or hereinafter acquired.

Term Collateral means all Collateral other than Revolving Credit Collateral.

Term Collateral means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted (or purported to be granted) as security for any Term Loan Obligations (other than, upon the exercise of and consummation of the Ventas Purchase Option pursuant to the Relative Rights Agreement, any assets and property of any Grantor securing the Ventas Purchase Option Term Loans).

Term Collateral as used herein shall mean all of the Borrower's interest in the types of property described below, whether now owned or hereafter acquired, and wherever located: