First Mortgage Collateral

First Mortgage Collateral. Means all of the real property, equipment, fixed assets and other property described on Schedule 1 hereto in or upon which the Trustee or the FMN Security Trustee, for the benefit of the First Mortgage Secured Parties, has a Lien. Notwithstanding the foregoing, "First Mortgage Collateral" does not include any Revolving Collateral.