VAULT Pledged Collateral definition

VAULT Pledged Collateral as set forth in Section 2 of the VAULT Security Agreement.
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Examples of VAULT Pledged Collateral in a sentence

  • This Agreement shall create a continuing security interest in the VAULT Pledged Collateral and shall (a) remain in full force and effect until the payment in full of all Secured Obligations, (b) be binding upon the Pledgor and its successors, transferees and assigns, and (c) inure, together with the rights and remedies of the Pledgees, to the equal and ratable benefit of the Pledgees and their respective successors, transferees and assigns.

  • The Pledgor also represents and warrants that it has not granted and will not xxxxx x xxxx in the VAULT Pledged Collateral to any Person except the Pledge granted hereunder.

  • The undersigned will not and ACOLT has not directed and will not direct VAULT to sell, assign, transfer, pledge or encumber in any other manner the VAULT Pledged Collateral (except as in favor of the Pledgees hereunder), except the rights of ACOLT as Applicable Trust Beneficiary in the Leased Vehicles related to the Lease Assets granted under the VAULT Trust Agreement, which rights are not included in the VAULT Pledged Collateral.

  • In addition to the agreements set forth in Section 5, the Pledgees hereby agree to release (or cause to be released) all of their respective interests in the VAULT Pledged Collateral upon the occurrence of the full and complete satisfaction of the Secured Obligations and upon satisfaction and discharge of the ACOLT Indenture pursuant to Section 4.1 of the ACOLT Indenture, which release shall be automatic upon such full and complete satisfaction of the Secured Obligations.

  • The Pledgees acknowledge that VAULT holds and shall hold legal title to the Leased Vehicles related to the Lease Assets in trust for the benefit of ACOLT, who enjoys and shall enjoy all beneficial interest therein pursuant to the VAULT Trust Agreement and that such beneficial interest is not and shall not be included in the VAULT Pledged Collateral.

  • Neither the Lien of this ACOLT Indenture in the ACOLT Collateral or the Lien of the VAULT Security Agreement in the VAULT Pledged Collateral nor any rights or remedies of the ACOLT Indenture Trustee or the Secured Noteholders shall be impaired by the recovery of any judgment by the ACOLT Indenture Trustee against ACOLT or by the levy of any execution under such judgment upon any portion of the ACOLT Trust Estate or upon any of the assets of ACOLT.

  • The Pledgees acknowledge that VAULT holds and shall hold legal title to the Leased Vehicles related to the Lease Assets in trust for the benefit of ABLT, who enjoys and shall enjoy all beneficial interest therein pursuant to the VAULT Trust Agreement and that such beneficial interest is not and shall not be included in the VAULT Pledged Collateral.

  • Delivery to the Underwriter of and payment for the Notes shall be made at the office of Smitx Xxxxxx Xxx., 388 Xxxxxxxxx Xxxxxx, Xxx Xxxx, XX 00000, xx 10:00 A.M., New York City time, on June 30, 1997 (the "Closing Date").

  • Neither the Lien of this ABLT Indenture in the ABLT Collateral or the Lien of the VAULT Security Agreement in the VAULT Pledged Collateral nor any rights or remedies of the ABLT Indenture Trustee or the Secured Noteholders shall be impaired by the recovery of any judgment by the ABLT Indenture Trustee against ABLT or by the levy of any execution under such judgment upon any portion of the ABLT Trust Estate or upon any of the assets of ABLT.

  • The undersigned will not and ABLT has not directed and will not direct VAULT to sell, assign, transfer, pledge or encumber in any other manner the VAULT Pledged Collateral (except as in favor of the Pledgees hereunder), except the rights of ABLT as Applicable Trust Beneficiary in the Leased Vehicles related to the Lease Assets granted under the VAULT Trust Agreement, which rights are not included in the VAULT Pledged Collateral.

Related to VAULT Pledged Collateral

  • Pledged Collateral has the meaning assigned to such term in Section 2.01.

  • Additional Pledged Collateral means all shares of, limited and/or general partnership interests in, and limited liability company interests in, and all securities convertible into, and warrants, options and other rights to purchase or otherwise acquire, stock of, either (i) any Person that, after the date of this Agreement, as a result of any occurrence, becomes a direct Subsidiary of any Grantor or (ii) any issuer of Pledged Stock, any Partnership or any LLC that are acquired by any Grantor after the date hereof; all certificates or other instruments representing any of the foregoing; all Security Entitlements of any Grantor in respect of any of the foregoing; all additional indebtedness from time to time owed to any Grantor by any obligor on the Pledged Notes and the instruments evidencing such indebtedness; and all interest, cash, instruments and other property or Proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the foregoing, provided, that, in no event shall Additional Collateral include any Excluded Equity. Additional Pledged Collateral may be General Intangibles or Investment Property.

  • UCC Collateral is defined in Section 3.03.

  • 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.

  • Collateral has the meaning specified in the Granting Clause of this Indenture.

  • UCC Filing Collateral means any Collateral, including Collateral constituting investment property, for which a security interest can be perfected by filing a UCC-1 financing statement.

  • 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.

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

  • 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.

  • Foreign Collateral means all Collateral of Foreign Loan Parties securing the Guaranteed Foreign Obligations.

  • Guarantor Collateral all of the property (tangible or intangible) purported to be subject to the lien or security interest purported to be created by any security agreement, pledge agreement, assignment, mortgage, deed of trust or other security document heretofore or hereafter executed by any Guarantor as security for all or part of the Obligations or the Guarantees.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • 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.

  • Second Priority Collateral Documents means the Initial Second Priority Collateral Documents and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any Grantor for purposes of providing collateral security for any Second Priority Debt Obligation.

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

  • Permitted Security Interests means (i) any Security Interest for taxes, assessments or governmental charges or levies which relate to obligations not yet due and delinquent, (ii) easements, servitudes, encroachments and other minor imperfections of title which do not, individually or in the aggregate, detract from the value of or impair the use or marketability of any real property, and (iii) undetermined or inchoate Security Interests arising or potentially arising under statutory provisions which have not at the relevant time been filed or registered in accordance with applicable laws or of which written notice has not been given in accordance with applicable laws;

  • 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 Company 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.

  • Pledged Security Entitlements means all security entitlements with respect to the financial assets listed on Schedule 4.7(c) (as such schedule may be amended from time to time) and all other security entitlements of any Grantor.

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

  • Pledged LLC Interests means all right, title and interest of any Grantor as a member of any LLC and all right, title and interest of any Grantor in, to and under any LLC Agreement to which it is a party.

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

  • Pledged Equity has the meaning specified in the Security Agreement.

  • Senior Collateral Documents means the Security Agreement and the other “Collateral Documents” as defined in the Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • Pledged Equity Interest means an Equity Interest that is included in the Collateral at such time.

  • 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.