Tranche B Collateral definition

Tranche B Collateral shall have the meaning set forth in Section 4.01(c) hereof.

Tranche B Collateral as defined in Section 2(b)(i) of the Collateral Assignment Agreement.

Tranche B Collateral means all of each Borrower's now owned or hereafter acquired right, title and interest in and to (a) any and all Gaming Equipment or other Equipment, the purchase of which was financed, in full or in part, with proceeds of one or more Tranche B Advances, and (b) the proceeds and products, whether tangible or intangible of any of the foregoing, including proceeds of insurance coverage of any and all of the foregoing.

Examples of Tranche B Collateral in a sentence

• Pursuant to the Tranche A Collateral Documents and the Tranche B Collateral Documents, the Company has agreed to pledge and grant security interests in the Collateral as security for the Tranche A Obligations and the Tranche B Obligations, respectively.

• If an Event of Default exists as of the Tranche B Maturity Date, the Liens and security interests of the Agent and Lenders in the Tranche B Collateral shall automatically terminate at such time as no Events of Default exist and at such time the representations, warranties, covenants and negative covenants set forth in the Loan Documents with respect to the Tranche B Collateral shall no longer be deemed to be made and shall be of no further force and effect.

• Email: xxxxxxxxx@xxxxx.xxx Fax No.: (000) 000-0000 Virgo Service Company, LLC 000 Xxxx Xxxxxxx Xxxxx, Xxxxx 000 Xxxxxxx Xxxxxx, XX 00000 Attn: Xxx Xxxxxxx Email: xxx@xxxxx-xxx.xxx Fax No.: (000) 000-0000 If to the Tranche B Collateral Agent: AloStar Bank of Commerce 0000 Xxxxxxxxx Xxxx XX, Xxxxx 0000 Xxxxxxx, XX 00000 Attn: Xxxxx Xxxx Fax No. (000) 000-0000 with copies to: King & Spalding LLP 0000 Xxxxxxxxx Xxxxxx Xxxxxxx, XX 00000 Attn: Xxxxx Xxxxx, Esq.

• Immediately upon Borrower's withdrawal of the proceeds of an Overseas Offered Rate Loan from such account held in the Tranche B Collateral Account for a use permitted under Section 5.9, such Overseas Offered Rate Loan shall be converted into an Alternate Base Rate Loan or, if properly designated as such by Borrower pursuant to Section 2.3, a Eurodollar Rate Loan.

• He has to mention the words “composition taxable person, not eligible to collect tax on supplies” at the top of every bill of supply issued by him.

More Definitions of Tranche B Collateral

Tranche B Collateral means all Collateral upon which a Lien is granted to the Tranche B Collateral Agent.

Tranche B Collateral means the amounts or Securities deposited by Sxxxxxx X. Xxxxxxx in an account subject to the security interest of the Interim Mall Lender pursuant to the terms of the Tranche B Collateral Security Agreement.

Tranche B Collateral means all Collateral located in any state other than the States of California and Florida.

Tranche B Collateral means the “Collateral” as defined in the Tranche B Facility Indenture.

Tranche B Collateral means an amount no less than Thirty-Five Million Dollars ($35,000,000) deposited by Xxxxxxx in an account subject to the security interest of the Interim Mall Lender pursuant to the Tranche B Collateral Security Agreement.

Tranche B Collateral means with respect to any Tranche B Loan, the additional Eligible Securities pledged to comply with Section 1.3 hereof at the time such Tranche B Loan is made and any additional Eligible Securities subsequently pledged to the Bank under the Collateral Documents (whether or not in substitution for other Eligible Securities) which the Borrower designates in writing to the Bank at the time of their pledge as Tranche B Collateral for such Tranche B Loan.

Tranche B Collateral means all Collateral that is not Tranche A Collateral.