Shared Collateral

Shared Collateral. Shall mean any Collateral in which both (a) the US Agent and the US Banks and (b) the UK Agent and the UK Banks have a perfected and non-avoidable security interest or lien and shall include, without limitation, all balances held by the US Security Trustee or the UK Security Trustee, any US Bank or any UK Bank constituting Collateral or proceeds of 5 Collateral in which both (a) the US Agent and the US Banks and (b) the UK Agent and the UK Banks have a... perfected and non-avoidable security interest or lien; provided, however, this term shall nonetheless include the APW Electronics Ltd. Collateral even if the UK Lender Group has perfected and non-avoidable security interests and liens in and to such Collateral, but the US Lender Group should not have such perfected and non-avoidable security interests and liens therein. View More

Shared Collateral. Those present and future assets of the Borrower in which the Parties, at any time, have been or are granted Collateral Interests.