Examples of UK Collateral in a sentence
This Section is not for the benefit of or enforceable by any UK Obligor, and each UK Borrower irrevocably waives the right to direct the application of any payments or UK Collateral proceeds subject to this Section.
The UK Protective Advances shall be secured by the Liens in favor of the UK Collateral Agent in and to the Collateral owned by the UK Loan Parties and shall constitute UK Secured Obligations hereunder.
The UK Revolver Loans, UK LC Obligations and other UK Obligations constitute one general obligation of UK Borrower and are secured by Agent’s Lien on all UK Collateral; provided, however, that Agent and each UK Lender shall be deemed to be a creditor of, and the holder of a separate claim against, UK Borrower to the extent of any UK Obligations jointly or severally owed by such Borrower.
Id. at 489.John Doe 1 was born in Mexico, and had lived in Hazleton for six years at the time of trial.
Solely for purposes of determining the amount of UK Loans available for borrowing purposes, checks and cash or other immediately available funds from collections of items of payment and proceeds of any UK Collateral shall be applied in whole or in part against the UK Secured Obligations, on the Business Day after receipt, subject to actual collection.