AMENDED AND RESTATED ABL GUARANTEE AND COLLATERAL AGREEMENT, dated as of June 7, 2019, among MARIPOSA INTERMEDIATE HOLDINGS LLC, as Holdings, NEIMAN MARCUS GROUP LTD LLC, as the Borrower, each other Grantor and/or Guarantor party hereto and DEUTSCHE...
EXECUTION VERSION
AMENDED AND RESTATED ABL GUARANTEE AND COLLATERAL AGREEMENT,
dated as of June 7, 2019,
among
MARIPOSA INTERMEDIATE HOLDINGS LLC,
as Holdings,
as the Borrower,
each other Grantor and/or Guarantor party hereto
and
DEUTSCHE BANK AG NEW YORK BRANCH,
as Administrative Agent and Collateral Agent
Reference is made to the ABL/Term Loan/Notes Intercreditor Agreement, dated as of June 7, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “ABL/Term Loan/Notes Intercreditor Agreement”), among Deutsche Bank AG New York Branch as ABL Agent (as defined therein), Credit Suisse, AG Cayman Islands Branch, as Term Loan Agent (as defined therein), Ankura Trust Company, LLC, as New Second Lien Notes Collateral Agent (as defined therein) and Wilmington Trust, National Association, as New Third Lien Notes Collateral Agent (as defined therein) and acknowledged by Holdings, the Borrower Parties and the Subsidiaries from time to time party thereto. Notwithstanding anything herein to the contrary, the lien and security interest granted to the Collateral Agent, for the benefit of the secured parties hereunder and the exercise of any right or remedy by the Collateral Agent and the other secured parties hereunder are subject to the provisions of the ABL/Term Loan/Notes Intercreditor Agreement. In the event of any conflict or inconsistency between the provisions of the ABL/Term Loan/Notes Intercreditor Agreement and this Agreement, the provisions of the ABL/Term Loan/Notes Intercreditor Agreement shall control.
Reference is made to that certain Subordination Agreement, dated as of June 7, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Extended Term Loan PropCo Subordination Agreement”), by and among 2019 Extended Term Loan PropCo,
Credit Suisse AG, Cayman Islands Branch for itself and on behalf of the First Priority Holders (as defined therein), Ankura Trust Company, LLC, for itself and on behalf of the Second Priority Holders (as defined therein), Wilmington Trust, National Association, for itself and on behalf of the Third Priority Holders (as defined therein), Wilmington Savings Fund Society, FSB for itself and on behalf of the 2028 Notes Holders (as defined therein), Deutsche Bank AG New York Branch, for itself and on behalf of the ABL Holders (as defined therein), and each other Representative (as defined therein) party hereto from time to time. Notwithstanding anything herein to the contrary, the applicable guarantees hereunder and the exercise of any right or remedy by the Administrative Agent and the other parties hereunder are subject to the provisions of the Extended Term Loan PropCo Subordination Agreement. In the event of any conflict or inconsistency between the provisions of the Extended Term Loan PropCo Subordination Agreement and this Agreement, the provisions of the Extended Term Loan PropCo Subordination Agreement shall control.
Reference is made to that certain Subordination Agreement, dated as of June 7, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Notes PropCo Subordination Agreement” and together with the Extended Term Loan PropCo Subordination Agreement, the “PropCo Subordination Agreements”), if applicable, by and among Notes PropCo, Credit Suisse AG, Cayman Islands Branch for itself and on behalf of the First Priority Holders (as defined therein), Ankura Trust Company, LLC, for itself and on behalf of the Second Priority Holders (as defined therein), Wilmington Trust, National Association, for itself and on behalf of the Third Priority Holders (as defined therein), Wilmington Savings Fund Society, FSB for itself and on behalf of the 2028 Notes Holders (as defined therein), Deutsche Bank AG New York Branch, for itself and on behalf of the ABL Holders (as defined therein), and each other Representative (as defined therein) party hereto from time to time. Notwithstanding anything herein to the contrary, the applicable guarantees hereunder and the exercise of any right or remedy by the Administrative Agent and the other parties hereunder are subject to the provisions of the Notes PropCo Subordination Agreement, if applicable. In the event of any conflict or inconsistency between the provisions of the Notes PropCo Subordination Agreement and this Agreement, the provisions of the Notes PropCo Subordination Agreement, if applicable, shall control.
TABLE OF CONTENTS
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Page |
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ARTICLE I DEFINITIONS |
2 | |
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Section 1.01. |
Credit Agreement |
2 |
Section 1.02. |
Other Defined Terms |
2 |
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ARTICLE II GUARANTEE |
12 | |
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Section 2.01. |
Guarantee |
12 |
Section 2.02. |
Guarantee of Payment |
12 |
Section 2.03. |
No Limitations, Etc. |
12 |
Section 2.04. |
Reinstatement |
14 |
Section 2.05. |
Agreement To Pay; Contribution; Subrogation |
14 |
Section 2.06. |
Information |
15 |
Section 2.07. |
Maximum Liability |
15 |
Section 2.08. |
Taxes |
15 |
Section 2.09. |
Keepwell |
16 |
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ARTICLE III PLEDGE OF SECURITIES |
16 | |
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Section 3.01. |
Pledge |
16 |
Section 3.02. |
Delivery of the Pledged Collateral |
17 |
Section 3.03. |
Representations, Warranties and Covenants |
18 |
Section 3.04. |
Registration in Nominee Name; Denominations |
20 |
Section 3.05. |
Voting Rights; Dividends and Interest, Etc. |
21 |
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ARTICLE IV SECURITY INTERESTS IN OTHER PERSONAL PROPERTY |
23 | |
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Section 4.01. |
Security Interest |
23 |
Section 4.02. |
Representations and Warranties |
26 |
Section 4.03. |
Covenants |
28 |
Section 4.04. |
Other Actions |
30 |
Section 4.05. |
Covenants Regarding Patent, Trademark and Copyright Collateral |
31 |
Section 4.06. |
Intercreditor Relations |
32 |
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ARTICLE V REMEDIES |
33 | |
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Section 5.01. |
Remedies Upon Default |
33 |
Section 5.02. |
Application of Proceeds |
35 |
Section 5.03. |
Securities Act, Etc. |
35 |
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ARTICLE VI INDEMNITY, SUBROGATION AND SUBORDINATION |
36 | |
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Section 6.01. |
Indemnity |
36 |
Section 6.02. |
Contribution and Subrogation |
36 |
Section 6.03. |
Subordination |
37 |
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ARTICLE VII MISCELLANEOUS |
38 | |
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Section 7.01. |
Notices |
38 |
Section 7.02. |
Security Interest Absolute |
38 |
Section 7.03. |
Limitation By Law |
38 |
Section 7.04. |
Binding Effect; Several Agreement |
38 |
Section 7.05. |
Successors and Assigns |
39 |
Section 7.06. |
Collateral Agent’s Fees and Expenses; Indemnification |
39 |
Section 7.07. |
Collateral Agent Appointed Attorney-in-Fact |
39 |
Section 7.08. |
APPLICABLE LAW |
40 |
Section 7.09. |
Waivers; Amendment |
40 |
Section 7.10. |
WAIVER OF JURY TRIAL |
41 |
Section 7.11. |
Severability |
41 |
Section 7.12. |
Counterparts |
41 |
Section 7.13. |
Headings |
41 |
Section 7.14. |
Jurisdiction; Consent to Service of Process |
41 |
Section 7.15. |
Termination or Release |
41 |
Section 7.16. |
Additional Subsidiaries |
43 |
Section 7.17. |
Effect of Amendment and Restatement |
43 |
Schedules |
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Schedule I |
Pledged Stock; Debt Securities |
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Schedule II |
Intellectual Property |
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Schedule III |
Filing Jurisdictions |
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Schedule IV |
Commercial Tort Claims |
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Schedule V |
Original Guarantors |
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Exhibits |
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Exhibit I |
Form of Supplement to the Guarantee and Collateral Agreement |
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Exhibit II |
Form of Trademark Security Agreement |
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Exhibit III |
Form of Patent Security Agreement |
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Exhibit IV |
Form of Copyright Security Agreement |
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AMENDED AND RESTATED ABL GUARANTEE AND COLLATERAL AGREEMENT, dated as of June 7, 2019 (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), among each party identified as a “Grantor” on the signature pages hereto (together with any other entity that may become a party hereto as a Grantor as provided herein, each a “Grantor” and, collectively, the “Grantors”), each party identified as a “Guarantor” on the signature pages hereto (together with any other entity that may become a party hereto as a Guarantor as provided herein, each a “Guarantor” and, collectively, the “Guarantors”) DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent for the Lenders under the Credit Agreement referred to below (in such capacity, the “Administrative Agent”) and as Collateral Agent for the Secured Parties (as defined below) (in such capacity, the “Collateral Agent”).
RECITALS
(1) Reference is made to that certain REVOLVING CREDIT AGREEMENT, dated as of October 25, 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”), among MARIPOSA INTERMEDIATE HOLDINGS LLC, a Delaware limited liability company, NEIMAN MARCUS GROUP LTD LLC, a Delaware limited liability company, the Lenders party thereto from time to time and DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent and as Collateral Agent.
(2) Pursuant to that certain Fourth Amendment to Credit Agreement, dated as of the date hereof (the “Fourth Amendment”), by and among the Borrower Parties and other Loan Parties party thereto, the Administrative Agent, the Collateral Agent and the Lenders party thereto, the Administrative Agent and the Required Lenders have agreed, inter alia, to amend and restate the Existing Credit Agreement in its entirety (as amended by the Fourth Amendment and hereafter amended or otherwise modified from time to time, the “Credit Agreement”) as of the date hereof.
(3) In consideration of the extensions of credit and other accommodations of the Lenders as set forth in the Fourth Amendment and the Existing Credit Agreement, each Guarantor has agreed to guarantee the obligations of the Borrower Parties under the Credit Agreement and Grantor has agreed to secure such Grantor’s obligations under the Loan Documents as set forth herein.
AGREEMENT
Accordingly, the parties hereto agree as follows:
ARTICLE I
DEFINITIONS
Section 1.01. Credit Agreement.
(a) Unless otherwise defined herein, terms defined in the Credit Agreement and used herein have the meanings assigned to them in the Credit Agreement, and the following terms which are defined in the UCC are used herein as so defined (and if defined in more than one article of the UCC have the meaning specified in Article 9 thereof): Account Debtor, Certificated Security, Chattel Paper, Deposit Account, Documents, Electronic Chattel Paper, Equipment, Instruments, Letter of Credit Rights, Money, Securities Account, Security Entitlement, Supporting Obligations, Tangible Chattel Paper and Uncertificated Security.
(b) The rules of construction specified in Section 1.02 of the Credit Agreement also apply, mutatis mutandis, to this Agreement.
Section 1.02. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below:
“Agreement” has the meaning assigned to such term in the introductory paragraph to this Agreement.
“Article 9 Collateral” has the meaning assigned to such term in Section 4.01(1).
“Borrower Parties” has the meaning assigned to such term in the Credit Agreement.
“Capital One Agreements” means the Second Amended and Restated Credit Card Program Agreement, dated as of July 15, 2013, among The Neiman Marcus Group LLC, a Delaware limited liability company, Bergdorf Xxxxxxx Inc., a New York Corporation, and Capital One, and all material agreements and instruments entered into in connection therewith, in each case, as amended prior to the date hereof and as may be further amended from time to time in accordance with the terms of the ABL Credit Agreement.
“Capital One Arrangements” means the private label credit card program among The Neiman Marcus Group LLC, a Delaware limited liability company, Bergdorf Xxxxxxx Inc., a New York Corporation, and Capital One pursuant to the terms of the Capital One Agreements.
“Capital One Credit Card Receivables Accounts” means any Deposit Accounts containing proceeds of Specified Credit Card Payments or Specified In-Store Credit Card Payments.
“Collateral” means the collective reference to Article 9 Collateral and Pledged Collateral.
“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any successor statute.
“Consignment Inventory” means any Inventory held by a Grantor on a consignment basis, which Inventory is not owned by a Grantor (and would not be reflected on a consolidated balance sheet of the Borrower and its Subsidiaries prepared in accordance with GAAP).
“Consignment Proceeds” means any proceeds from the sale of any Consignment Inventory, solely to the extent that such proceeds are identifiable proceeds from the sale of Consignment Inventory and that the Borrower identifies such proceeds as such through a method of tracing reasonably satisfactory to the Collateral Agent.
“Control” has the meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or 9-107 of Article 9 of the UCC.
“Control Agreement” means a deposit account control agreement, a securities account control agreement or a commodity account control agreement, as applicable, which provides the Collateral Agent with Control of any such accounts, in form and substance reasonably satisfactory to the Collateral Agent.
“Copyright License” means any written agreement, now or hereafter in effect, granting any right to any Grantor under any Copyright now or hereafter owned by any third party, and all rights of any Grantor under any such agreement (including any such rights that such Grantor has the right to license).
“Copyrights” means all of the following which any Grantor now or hereafter owns or in which any Grantor now or hereafter has an interest (pursuant to a Copyright License or otherwise):
(1) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise;
(2) all registrations and applications for registration of any such copyright in the United States or any other country, including registrations, supplemental registrations and pending applications for registration in the United States Copyright Office and the right to obtain all renewals thereof, including those listed on Schedule II;
(3) all claims for, and rights to xxx for, past or future infringements of any of the foregoing; and
(4) all income, royalties, damages and payments now or hereafter due and payable with respect to any of the foregoing, including damages and payments for past or future infringement thereof.
“Credit Agreement” has the meaning assigned to such term in the recitals to this Agreement.
“Discharge of Term Loan Claims” has the meaning assigned to such term in the ABL/Term Loan/Notes Intercreditor Agreement.
“Excluded Assets” means all of the following, whether now owned or hereafter acquired:
(1) all Excluded Equity Interests;
(2) all leasehold Real Property interests that do not constitute any Grantor’s interests in (a) full line stores, (b) Bergdorf Xxxxxxx store Real Properties or (c) warehouse or distributions centers;
(3) all fee simple Real Property interests acquired after the Fourth Amendment Effective Date with a fair market value (as determined by a Responsible Officer of the Borrower) (reasonably and in good faith) and the Collateral Agent of less than or equal $2.5 million on a per property basis;
(4) assets of any Foreign Subsidiary that is existing as of the Fourth Amendment Effective Date to the extent such Foreign Subsidiary is not required to become a Subsidiary Loan Party pursuant to Section 5.10 of the Credit Agreement;
(5) assets of any Foreign Subsidiary or FSHCO, in each case, that is created or acquired after the Fourth Amendment Effective Date (“Exempted Future Foreign Assets”) to the extent the grant of Liens thereon securing Secured Obligations would result in materially adverse tax consequences or materially adverse regulatory consequences (in each case, “Material Adverse Consequences”), in each case, as reasonably determined by a Responsible Officer of the Borrower (reasonably and in good faith) and the Collateral Agent (it being understood for purposes of the foregoing that any asset may be deemed an Exempted Future Foreign Asset due to material adverse U.S. federal income tax consequences only if such consequences arise as a result of a change in law occurring after the Fourth Amendment Effective Date, including, for the avoidance of doubt, a change to Section 956 of the Code and the Treasury Regulations promulgated thereunder (including the final Treasury Regulations under Section 956 of the Code, published on May 23, 2019));
(6) any governmental licenses or state or local franchises, charters and authorizations that are not permitted to be pledged under applicable law;
(7) any “intent-to-use” applications for trademark or service xxxx registrations filed pursuant to Section 1(b) of the Xxxxxx Act, 15 U.S.C. § 1051, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of the Xxxxxx Act has been filed, to the extent that, and solely during the period for which, any assignment of an “intent-to-use” application prior to such filing would violate the Xxxxxx Act;
(8) any Excluded Account (other than any DDA referenced in clause (4) of the definition of “Excluded Account” set forth in the Credit Agreement as in effect on the Fourth Amendment Effective Date);
(9) vehicles and any other assets subject to certificates of title;
(10) any Letter of Credit Rights to the extent not perfected as Supporting Obligations by the filing of a UCC financing statement on the primary Collateral;
(11) any Grantor’s right, title or interest in any lease, license, contract or agreement to which such Grantor is a party or any of its right, title or interest thereunder to the extent, but only to the extent, that such a grant would, under the terms of such lease, license, contract or agreement, result in a breach of the terms of, or constitute a default under, or result in the abandonment, invalidation or unenforceability of or create a right of termination in favor of or require the consent of any other party thereto (other than Holdings, any Borrower or any Subsidiary), such lease, license, contract or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the UCC or any other applicable law (including Title 11 of the United States Code) or principles of equity);
(12) assets to the extent the granting of a security interest therein would be prohibited or restricted by applicable law, rule or regulation (including any requirement to obtain the consent of any Governmental Authority which has not been obtained), after giving effect to the relevant anti-assignment provisions of the Uniform Commercial Code;
(13) any Commercial Tort Claim with an asserted or nominal value not in excess of $5.0 million;
(14) any assets to the extent the cost, burden, difficulty or consequence of obtaining or perfecting a security interest therein outweighs the benefit of the security afforded thereby as determined by a Responsible Officer of the Borrower reasonably and in good faith and the Administrative Agent;
(15) (a) any assets and proceeds thereof subject to a Lien permitted under Section 6.02(3) of the Credit Agreement to the extent that the documents providing for the Indebtedness secured by such Liens do not permit such assets and proceeds thereof to be pledged to the Collateral Agent or (b) any assets subject to a Lien permitted by Section 6.02(6) of the Credit Agreement so long as the documents providing for such Lien do not permit such assets to be pledged to the Collateral Agent;
(16) the Specified Credit Card Receivables, any Specified Credit Card Payments and any Specified In-Store Credit Card Payments;
(17) the Capital One Credit Card Receivables Accounts;
(18) any Consignment Inventory and any Consignment Proceeds; or
(19) any Leased-Department Inventory and any Leased-Department Proceeds.
In the event any asset described above (a) is an asset described in clauses (1) through (7) or clauses (9) through (14) above and is pledged for the benefit of creditors under any Indebtedness (other than the Secured Obligations) or (b) is an asset described in clause (8) or
clauses (16) through (19) above and is pledged for the benefit of any Indebtedness listed in the Required Collateral Lien Priority table set forth in the Credit Agreement (other than the Secured Obligations), in each case of clause (a) and (b), such asset shall cease to be an Excluded Asset; provided, however, in the case of clause (a), any such asset pledged for the benefit of a third-party creditor under any Indebtedness (other than Indebtedness listed in the Required Collateral Lien Priority table set forth in the Credit Agreement) may be pledged on a first-priority basis to such third-party creditor, followed by subordinated Liens in favor of the Secured Obligations otherwise in accordance with the Required Collateral Lien Priority, but reducing the priority of each Lien described in such Required Collateral Lien Priority table set forth in the Credit Agreement by one level of Lien priority and giving effect to the first-priority Liens of such third-party creditor on such subject asset.
A Responsible Officer of the Borrower shall evaluate whether the Material Adverse Consequences still apply to any Exempted Future Foreign Assets pursuant to clause (5) above on no less than a quarterly basis. An Exempted Future Foreign Asset shall no longer be an Excluded Asset under clause (5) above upon the earlier to occur of (A) the tenth Business Day after a Responsible Officer determines that the Material Adverse Consequences no longer apply to such Exempted Future Foreign Asset and (B) the date a Lien on such Exempted Future Foreign Asset is granted to secure any other obligations of any Loan Party.
“Excluded Equity Interests” means any and all of the following Equity Interests, whether now owned or hereafter acquired:
(1) interests in partnerships, joint ventures and non-wholly owned subsidiaries which cannot be pledged without the consent of one or more unaffiliated third parties or not permitted by the terms of such Person’s organizational or joint venture documents (so long as such prohibition did not arise as part of the acquisition or formation thereof or in anticipation of the Credit Agreement);
(2) Equity Interests in not-for-profit subsidiaries;
(3) to the extent applicable law requires that a Subsidiary of such Grantor issue directors’ qualifying shares, nominee shares or similar shares which are required by applicable law to be held by Persons other than the Grantors, such qualifying shares, nominee shares or similar shares held by Persons other than Grantors;
(4) any Equity Interests (including, without limitation, Equity Interests in captive insurance subsidiaries) if, to the extent and for so long as the pledge of such Equity Interests hereunder is prohibited or restricted by any applicable law, including any requirement to obtain consent of any Governmental Authority which has not been obtained (other than to the extent such prohibition would be rendered ineffective under the UCC or any other applicable law); provided that such Equity Interests shall cease to be Excluded Equity Interests at such time as such prohibition ceases to be in effect; or
(5) any Equity Interests of Foreign Subsidiaries or FSHCOs (“Excluded Foreign Equity Interests”) in each case to the extent the grant of Liens thereon securing the Obligations
(as defined in the Junior Lien Term/Note Intercreditor Agreement) would result in Material Adverse Consequences, in each case, as reasonably determined by a Responsible Officer of the Borrower (reasonably and in good faith) and the Collateral Agent (it being understood and agreed for purposes of the foregoing that (x) any Equity Interests may be deemed to be Excluded Foreign Equity Interests due to material adverse U.S. federal income tax consequences only if such consequences arise as a result of a change in law occurring after the Fourth Amendment Effective Date, including, for the avoidance of doubt, a change to the final Treasury Regulations under Section 956 of the Code, published on May 22, 2019 and (y) in the event any Equity Interest of a Foreign Subsidiary or FSHCO would become an Excluded Foreign Equity Interest pursuant to clause (x) such Equity Interest of any Foreign Subsidiary or FSHCO will only be an Excluded Foreign Equity Interest with respect to voting Equity Interests of such Foreign Subsidiary or FSHCO in excess of 65% of the issued and outstanding voting Equity Interests of such Foreign Subsidiary or FSHCO).
A Responsible Officer of the Borrower shall re-evaluate whether the Material Adverse Consequences still apply to any Excluded Foreign Equity Interests pursuant to clause (5) above on no less than a quarterly basis. An Excluded Foreign Equity Interest shall no longer be an Excluded Foreign Equity Interest under clause (5) above upon the earlier to occur of (A) the tenth Business Day after a Responsible Officer determines that the Material Adverse Consequences no longer apply to such Excluded Foreign Equity Interest and (B) the date a Lien on such Excluded Foreign Equity Interest is granted to secure any other obligations of any Loan Party.
“Excluded Swap Obligation” means, with respect to any Guarantor, (a) as it relates to all or a portion of the guarantee of such Guarantor, any Swap Obligation if, and to the extent that, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Guarantor becomes effective with respect to such Swap Obligation or (b) as it relates to all or a portion of the grant by such Guarantor of a security interest, any Swap Obligation if, and to the extent that, such Swap Obligation (or such security interest in respect thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the security interest of such Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.
“Existing Credit Agreement” has the meaning assigned to such term in the recitals to this Agreement.
“Federal Securities Laws” has the meaning assigned to such term in Section 5.03.
“FSHCO” means any direct or indirect Domestic Subsidiary substantially all of the assets of which consist of the equity or indebtedness of one or more direct or indirect Foreign Subsidiaries.
“Grantor” and “Grantors” have the meanings assigned to such terms in the introductory paragraph to this Agreement. For the avoidance of doubt, “Grantors” shall not include any PropCo Guarantor.
“Guarantor” has the meaning assigned to such term in the introductory paragraph to this Agreement.
“Intellectual Property” means all intellectual property of every kind and nature that any Grantor now or hereafter owns or in which any Grantor now or hereafter has an interest, including inventions, designs, Patents, Copyrights, Trademarks, trade secrets, domain names, confidential or proprietary technical and business information or know-how.
“Intellectual Property Collateral” has the meaning assigned to such term in Section 4.02(8).
“Intellectual Property Security Agreement” means a Trademark Security Agreement in substantially the form of Exhibit II hereto, a Patent Security Agreement in substantially the form of Exhibit III hereto, or a Copyright Security Agreement in substantially the form of Exhibit IV hereto.
“Intercreditor Agreement” means each of the ABL/Term Loan/Notes Intercreditor Agreement, any ABL Junior Lien Intercreditor Agreement, the Extended Term Loan PropCo Subordination Agreement and the Notes PropCo Subordination Agreement, if applicable.
“IP Agreements” means all material Copyright Licenses, Patent Licenses and Trademark Licenses, and all other agreements, permits, consents, orders and franchises relating to the license, development, use or disclosure of any material Intellectual Property to which a Grantor, now or hereafter, is a party or a beneficiary, including, without limitation, the agreements set forth on Schedule II hereto.
“Leased-Department Inventory” means any Inventory relating to a leased department within one of the Grantors’ retail stores, which Inventory is not owned by a Grantor (and would not be reflected on a consolidated balance sheet of Borrower and its Subsidiaries prepared in accordance with GAAP).
“Leased-Department Proceeds” means any proceeds from the sale of any Leased-Department Inventory, solely to the extent that such proceeds are identifiable proceeds from the sale of Leased-Department Inventory and that the Borrower identifies such proceeds as such through a method of tracing reasonably satisfactory to the Collateral Agent.
“Original Closing Date” means October 25, 2013.
“Original Guarantee and Collateral Agreement” has the meaning assigned to such term in Section 7.17.
“Original Guarantors” means all Guarantors that were party to the Original Guarantee and Collateral Agreement immediately prior to the Fourth Amendment Effective Date, including those identified as such on Schedule V hereto.
“Patent License” means any written agreement, now or hereafter in effect, granting to any Grantor any right to make, use or sell any invention covered by a Patent, now or hereafter owned by any third party (including any such rights that such Grantor has the right to license) and all rights of any Grantor under any such agreement.
“Patents” means all of the following which any Grantor now or hereafter owns or in which any Grantor now or hereafter has an interest (pursuant to a Patent License or otherwise):
(1) all letters patent of the United States or the equivalent thereof in any other country or jurisdiction, including those listed on Schedule II, and all applications for letters patent of the United States or the equivalent thereof in any other country or jurisdiction, including those listed on Schedule II;
(2) all provisionals, reissues, extensions, continuations, divisions, continuations-in-part, reexaminations or revisions thereof, and the inventions disclosed or claimed therein, including the right to make, use, import and/or sell the inventions disclosed or claimed therein;
(3) all claims for, and rights to xxx for, past or future infringements of any of the foregoing; and
(4) all income, royalties, damages and payments now or hereafter due and payable with respect to any of the foregoing, including damages and payments for past or future infringement thereof.
“Pledged Collateral” has the meaning assigned to such term in Section 3.01(5).
“Pledged Debt Securities” has the meaning assigned to such term in Section 3.01.
“Pledged Securities” means any promissory notes, stock certificates or other certificated securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral.
“Pledged Stock” has the meaning assigned to such term in Section 3.01.
“PropCo Guarantor” means 2019 Extended Term Loan PropCo and, if applicable, Notes PropCo (as defined in the Credit Agreement).
“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000 at the time the relevant Guarantee or grant of the
relevant security interest becomes or would become effective with respect to such Swap Obligation and each other Loan Party that constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder and can cause another person to qualify as an “eligible contract participant” at such time by guaranteeing or entering into a keepwell in respect of obligations of such other person under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.
“Secured Obligations” means the Obligations; provided that the Secured Obligations shall not include any Excluded Swap Obligations.
“Secured Parties” means (a) the Lenders, (b) the Administrative Agent and Collateral Agent, (c) each Issuing Bank, (d) the Cash Management Banks, (e) the Qualified Counterparties, (f) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (g) the successors and permitted assigns of each of the foregoing.
“Security Interest” has the meaning assigned to such term in Section 4.01(1).
“Specified Credit Card Payments” means any payments by the holder of a private label credit card subject to the Capital One Arrangements or any Permitted Replacement Credit Card Program to the issuer of such credit card that are (i) in the case of the Capital One Arrangements, made to a Capital One Credit Card Receivables Account or (ii) in the case of any Permitted Replacement Credit Card Program, made to any account of a Grantor prior to the transition of ownership of such account to the applicable third party in connection with the establishment of the applicable Permitted Replacement Credit Card Program.
“Specified Credit Card Receivables” means the Accounts, Documents and other rights or claims to receive money which are General Intangibles and that have been or from time to time are sold or otherwise transferred to (a) Capital One pursuant to the Capital One Arrangements or (b) any third party pursuant to any Permitted Replacement Credit Card Program.
“Specified In-Store Credit Card Payments” means any payments made in-person by customers in respect of private label credit cards subject to the Capital One Arrangements or any Permitted Replacement Credit Card Program in one of the Grantors’ retail stores, solely to the extent that such payments are identifiable payments from the holders of such private label credit cards and that the Borrower identifies such payments as such through a method of tracing reasonably satisfactory to the Collateral Agent.
“Swap Obligation” means, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.
“Term Loan Collateral Agent” means Credit Suisse AG Cayman Islands Branch, as Collateral Agent under the Term Loan Credit Agreement, and any duly appointed successor in such capacity.
“Term Loan Priority Collateral” has the meaning assigned to such term in the Intercreditor Agreement as in effect on the date hereof.
“Trademark License” means any written agreement, now or hereafter in effect, granting to any Grantor any right to use any Trademark now or hereafter owned by any third party (including any such rights that such Grantor has the right to license).
“Trademarks” means all of the following which any Grantor now or hereafter owns or in which any Grantor now or hereafter has an interest (pursuant to a Trademark License or otherwise):
(1) all trademarks, service marks, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations thereof (if any), and all registration applications filed in connection therewith, including registrations and registration applications in the United States Patent and Trademark Office or any similar offices in any State of the United States or any other country or any political subdivision thereof (except for “intent-to-use” applications for trademark or service xxxx registrations filed pursuant to Section 1(b) of the Xxxxxx Act, 15 U.S.C. § 1051, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of the Xxxxxx Act has been filed, to the extent that, and solely during the period for which, any assignment of an “intent-to-use” application prior to such filing would violate the Xxxxxx Act), and all renewals thereof, including those listed on Schedule II;
(2) all goodwill associated therewith or symbolized thereby;
(3) all claims for, and rights to xxx for, past or future infringements of any of the foregoing; and
(4) all income, royalties, damages and payments now or hereafter due and payable with respect to any of the foregoing, including damages and payments for past or future infringement thereof.
“UFCA” has the meaning assigned to such term in Section 2.05(a).
“UFTA” has the meaning assigned to such term in Section 2.05(a).
“Uniform Commercial Code” or “UCC” means the Uniform Commercial Code as in effect from time to time in the State of New York; provided, however, that in the event that, by reason of mandatory provisions of law, any or all of the perfection or priority of, or remedies with respect to, any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of New York, the term “Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions hereof relating to such perfection, priority or remedies.
ARTICLE II
GUARANTEE
Section 2.01. Guarantee.
(1) Each Guarantor unconditionally guarantees, jointly with the other Guarantors and severally, to the Collateral Agent for the benefit of the Secured Parties as a primary obligor and not merely as a surety, the due and punctual payment and performance of the Secured Obligations. Each Guarantor further agrees that the Secured Obligations may be extended or renewed, in whole or in part, without notice to or further assent from such Guarantor, and that such Guarantor will remain bound upon its guarantee hereunder notwithstanding any extension or renewal of any Secured Obligation. Each Guarantor waives presentment to, demand of payment from and protest to the Borrower or any other Loan Party of any of the Secured Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. For the avoidance of doubt, the guarantee by each Co-Borrower pursuant to this Article II shall be in addition to, and not in lieu of, such Co-Borrower’s joint and several liability in respect of the Secured Obligations pursuant to the Credit Agreement.
(2) Notwithstanding anything to the contrary herein or in any other Loan Document, the guarantee provided by the PropCo Guarantors shall not be secured.
Section 2.02. Guarantee of Payment. Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether at the stated maturity, by acceleration or otherwise) and not of collection, and waives any right to require that any resort be had by the Collateral Agent or any other Secured Party to any security held for the payment of the Secured Obligations or to any balance of any Deposit Account or credit on the books of the Collateral Agent or any other Secured Party in favor of any Loan Party or any other Person.
Section 2.03. No Limitations, Etc.
(1) Except for termination of a Guarantor’s obligations hereunder as expressly provided for in Section 7.15 and except as provided in Section 2.07, the obligations of each Guarantor hereunder will not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and will not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the Secured Obligations or otherwise (other than defense of payment or performance). Without limiting the generality of the foregoing, except for termination or release of a Guarantor’s obligations hereunder in accordance with the terms of Section 7.15 the obligations of each Guarantor hereunder, to the fullest extent permitted by applicable law, will not be discharged or impaired or otherwise affected by, and each Guarantor hereby waives any defense to the enforcement hereof by reason of:
(a) the failure of the Collateral Agent or any other Secured Party to assert any claim or demand or to exercise or enforce any right or remedy under the provisions of any Loan Document or otherwise;
(b) any rescission, waiver, amendment or modification of, or any release from any of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement;
(c) the failure to perfect any security interest in, or the release of, any of the Collateral held by or on behalf of the Collateral Agent or any other Secured Party for the Secured Obligations;
(d) any default, failure or delay, willful or otherwise, in the performance of the Secured Obligations;
(e) any illegality, lack of validity or enforceability of any Secured Obligation;
(f) any change in the corporate existence, structure or ownership of any Loan Party, or any insolvency, bankruptcy or reorganization of any Loan Party;
(g) the existence of any claim, set-off or other rights that the Guarantors may have at any time against the Borrower, the Collateral Agent, any other Secured Party or any other Person, whether in connection herewith, the other Loan Documents or any unrelated transactions; provided that nothing herein will prevent the assertion of any such claim by separate suit or compulsory counterclaim;
(h) any action permitted or authorized hereunder; or
(i) any other circumstance (including any statute of limitations) or any act or omission that may in any manner or to any extent vary the risk of any Guarantor or otherwise operate as a defense to, or a legal or equitable discharge of, the Borrower or any Guarantor or any other guarantor or surety (other than the payment in full in cash or immediately available funds of the Secured Obligations).
(2) Each Guarantor expressly authorizes the Secured Parties to take and hold security for the payment and performance of the Secured Obligations, to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof in their sole discretion or to release or substitute any one or more other guarantors or obligors upon or in respect of the Secured Obligations, all without affecting the obligations of any Guarantor hereunder.
(3) To the fullest extent permitted by applicable law and except for termination or release of a Guarantor’s obligations hereunder in accordance with the terms of Section 7.15 hereof, each Guarantor waives any defense based on or arising out of any defense of any other Loan Party or the unenforceability of the Secured Obligations or any part thereof from
any cause, or the cessation from any cause of the liability of any other Loan Party, other than, after all Commitments have been terminated, the return of all Letters of Credit (or cash collateralization thereof on terms satisfactory to the Issuing Bank), the payment in full in cash or immediately available funds of all the Secured Obligations (other than Secured Obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted). The Collateral Agent and the other Secured Parties may exercise any right or remedy available to them against any other Loan Party pursuant to this Agreement or the other Loan Documents, without affecting or impairing in any way the liability of any Guarantor hereunder except to the extent that after giving effect thereto all Secured Obligations have been terminated and paid in full (other than Secured Obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted). To the fullest extent permitted by applicable law, each Guarantor waives any defense arising out of any such election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right or remedy of such Guarantor against any other Loan Party, as the case may be, or any security.
Section 2.04. Reinstatement. Each Guarantor agrees that its guarantee hereunder will continue to be effective or be reinstated, if, at any time payment, or any part thereof, of any Secured Obligation is rescinded or must otherwise be restored by the Collateral Agent or any other Secured Party upon the bankruptcy or reorganization of the Borrower or any other Loan Party or otherwise.
Section 2.05. Agreement To Pay; Contribution; Subrogation.
(1) In furtherance of the foregoing and not in limitation of any other right that the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of any Loan Party to pay any Secured Obligation when and as the same becomes due and payable, whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Collateral Agent for distribution to the applicable Secured Parties in cash the amount of such unpaid Secured Obligation.
(2) Subject to the foregoing clause (1), to the extent that any Guarantor, under this Agreement or the Credit Agreement as a joint and several obligor, repays any of the Secured Obligations constituting Loans or other advances made to or reimbursement obligations owed by another Loan Party under the Credit Agreement (an “Accommodation Payment”), then the Guarantor making such Accommodation Payment shall be entitled to contribution and indemnification from, and be reimbursed by, each of the other Guarantors in an amount equal to a fraction of such Accommodation Payment, the numerator of which fraction is such other Guarantor’s Allocable Amount and the denominator of which is the sum of the Allocable Amounts of all of the Guarantors; provided that such rights of contribution and indemnification shall be subordinated to the
discharge of Secured Obligations. As of any date of determination, the “Allocable Amount” of each Guarantor shall be equal to the maximum amount of liability for Accommodation Payments which could be asserted against such Guarantor hereunder and under the Credit Agreement without:
(a) rendering such Guarantor “insolvent” within the meaning of Section 101 (31) of the Bankruptcy Code of the United States, Section 2 of the Uniform Fraudulent Transfer Act (“UFTA”) or Section 2 of the Uniform Fraudulent Conveyance Act (“UFCA”);
(b) leaving such Guarantor with unreasonably small capital or assets, within the meaning of Section 548 of the Bankruptcy Code of the United States, Section 4 of the UFTA, or Section 5 of the UFCA; or
(c) leaving such Guarantor unable to pay its debts as they become due within the meaning of Section 548 of the Bankruptcy Code of the United States or Section 4 of the UFTA, or Section 5 of the UFCA. Upon payment by any Guarantor of any sums to the Collateral Agent as provided above, all rights of such Guarantor against the Borrower, any other Loan Party or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject to Article VI.
Section 2.06. Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the financial condition and assets of the Borrower and each other Loan Party, and of all other circumstances bearing upon the risk of nonpayment of the Secured Obligations and the nature, scope and extent of the risks that such Guarantor assumes and incurs hereunder, and agrees that none of the Administrative Agent, Collateral Agent or any other Secured Party will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or risks.
Section 2.07. Maximum Liability. Each Guarantor, and by its acceptance of this guarantee, each Agent and each other Secured Party hereby confirms that it is the intention of all such Persons that this guarantee and the Secured Obligations of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of the U.S. Bankruptcy Code or any other federal, state or foreign bankruptcy, insolvency, receivership or similar law, the UFCA, the UFTA or any similar foreign, federal or state law to the extent applicable to this guarantee and the Secured Obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Secured Parties and the Guarantors hereby irrevocably agree that the Secured Obligations of the Guarantors under this guarantee at any time are limited to the maximum amount as will result in the Secured Obligations of such Guarantor under this guarantee not constituting a fraudulent transfer or conveyance.
Section 2.08. Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder shall be made free and clear of and without deduction or withholding for Taxes, except as required by applicable law. If any applicable law requires the deduction or withholding of any Tax from any such payment by a Guarantor, then the applicable Guarantor
shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if a Guarantor shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 2.08) the Collateral Agent or any Term Loan Secured Party, as applicable, receives an amount equal to the sum it would have received had no such deductions been made. The provisions of Section 2.17 of the Credit Agreement shall apply to each Guarantor mutatis mutandis. Any amounts payable by any Guarantor pursuant to this Section 2.08 shall be made without duplication (including with any amount otherwise payable under Section 2.17 of the Credit Agreement). For the avoidance of doubt, any Guarantor shall not be required to pay any greater amount under this Section 2.08 than such Guarantor would have been required to pay had it been a Loan Party that was a party to the Credit Agreement.
Section 2.09. Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each other Guarantor that would otherwise not be an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder to honor all of its obligations under this Agreement in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 2.09 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 2.09 or otherwise under this Agreement voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 2.09 shall remain in full force and effect until the indefeasible payment in full in cash of all the Secured Obligations (other than obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations, in each case, that are not yet due and payable and for which no claim has been asserted). Each Qualified ECP Guarantor intends that this Section 2.09 constitute, and this Section 2.09 shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each other Loan Party for all purposes of Section la(18)(A)(v)(II) of the Commodity Exchange Act.
ARTICLE III
PLEDGE OF SECURITIES
Section 3.01. Pledge. As security for the payment or performance, as the case may be, in full of its Secured Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title and interest in, to and under:
(1) the Equity Interests (a) directly owned by such Grantor as of the Fourth Amendment Effective Date and (b) obtained by such Grantor after the Fourth Amendment Effective Date and, in each case, the certificates representing all such Equity Interests, in each case,
other than any Excluded Assets (the Equity Interests described in the foregoing clauses (a) and (b), collectively, but excluding any Excluded Assets, the “Pledged Stock”);
(2) the promissory notes and any instruments evidencing Indebtedness (a) owned by such Grantor as of the Fourth Amendment Effective Date and (b) issued to any such Grantor after the Fourth Amendment Effective Date, other than any Excluded Assets (the instruments described in the foregoing clauses (a) and (b) collectively, but excluding any Excluded Assets, the “Pledged Debt Securities”);
(3) subject to Section 3.05 hereof, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise distributed in respect of, in exchange for or upon the conversion of, and all other proceeds received in respect of, the securities referred to in the foregoing clauses (1) and (2);
(4) subject to Section 3.05 hereof, all rights and privileges of such Grantor with respect to the securities and other property referred to in the foregoing clauses (1), (2) and (3) above; and
(5) all proceeds of any of the foregoing items referred to in clauses (1) through (4) above, but excluding any Excluded Assets (the items referred to in clauses (1) through (5) of this Section 3.01, collectively, the “Pledged Collateral”).
Notwithstanding anything to the contrary in this Agreement or any other Loan Document, none of the Pledged Stock, Pledged Debt Securities or Pledged Collateral will include nor will the security interests granted hereunder attach to any Excluded Asset.
TO HAVE AND TO HOLD the Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or incidental thereto, unto the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, forever, subject, however, to the terms, covenants and conditions hereinafter set forth and in each case subject to the Credit Agreement.
Section 3.02. Delivery of the Pledged Collateral.
(1) Each Grantor agrees promptly to deliver or cause to be delivered to the Collateral Agent, for the benefit of the Secured Parties, any and all Pledged Securities to the extent such Pledged Securities, in the case of promissory notes or other instruments, are required to be delivered pursuant to paragraph (2) of this Section 3.02.
(2) Each Grantor will use its commercially reasonable efforts to cause (x) any Indebtedness for borrowed money having an aggregate principal amount in excess of $5.0 million owed to such Grantor by any Person and (y) accrued intellectual property royalties and other amounts owing to NM Nevada Trust (regardless of whether classified as current), to be evidenced by a duly executed promissory note that is pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties, pursuant to the terms hereof;
provided that the foregoing requirement will not apply to intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations of Holdings, the Borrower and its Subsidiaries. To the extent any such promissory note is a demand note, each Grantor party thereto agrees, if requested by the Collateral Agent, to immediately demand payment thereunder upon an Event of Default unless such demand would not be commercially reasonable or would otherwise expose such Grantor to liability to the maker.
(3) Upon delivery to the Collateral Agent, (a) any Pledged Securities required to be delivered pursuant to the foregoing paragraphs (1) and (2) of this Section 3.02 will be accompanied by stock powers or note powers, as applicable, duly executed in blank or other instruments of transfer reasonably satisfactory to the Collateral Agent and by such other instruments and documents as the Collateral Agent may reasonably request and (b) all other property composing part of the Pledged Collateral delivered pursuant to the terms of this Agreement shall be accompanied to the extent necessary to perfect the security interest in or allow realization on the Pledged Collateral by proper instruments of assignment duly executed by the applicable Grantor and such other instruments or documents as the Administrative Agent may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which schedule shall be attached hereto as Schedule I (or a supplement to Schedule I, as applicable) and made a part hereof; provided that failure to attach any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities. Each schedule so delivered shall supplement any prior schedules so delivered.
(4) Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no Grantor will be required to take any action under the laws of any jurisdiction other than the United States (or any political subdivision thereof) and its territories and possessions for the purpose of perfecting the Security Interest in any Pledged Collateral of such Grantor.
Section 3.03. Representations, Warranties and Covenants. Each Grantor represents and warrants and covenants to and with the Collateral Agent, for the benefit of the Secured Parties that:
(1) Schedule I correctly sets forth, as of the Fourth Amendment Effective Date, (a) the percentage of the issued and outstanding shares of each class of the Equity Interests of the issuer thereof represented by such Pledged Stock and (b) all debt securities and promissory notes or instruments evidencing Indebtedness required to be pledged pursuant to the terms of the Credit Agreement on the Fourth Amendment Effective Date;
(2) the Pledged Stock and Pledged Debt Securities (solely with respect to Pledged Debt Securities issued by a Person that is not a Subsidiary of Holdings or an Affiliate of any such Subsidiary, to the best of each Grantor’s knowledge) have been duly and validly authorized and issued by the issuers thereof and (a) in the case of Pledged Stock, are fully paid and non-assessable (to the extent such concepts are applicable to such Pledged Stock and other than with respect to Pledged Stock consisting of membership interests of
limited liability companies to the extent provided in Sections 18-502 and 18-607 of the Delaware Limited Liability Company Act) and (b) in the case of Pledged Debt Securities (solely with respect to Pledged Debt Securities issued by a Person that is not a Subsidiary of Holdings or an Affiliate of any such Subsidiary, to the best of each Grantor’s knowledge) are legal, valid and binding obligations of the issuers thereof, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding at law or in equity) and an implied covenant of good faith and fair dealing;
(3) except for the security interests granted hereunder, each Grantor:
(a) is and, subject to any transfers made in compliance with the Credit Agreement, will continue to be the direct owner, beneficially and of record, of the Pledged Securities indicated on Schedule I as owned by such Grantor;
(b) holds the same free and clear of all Liens, other than Permitted Liens;
(c) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than pursuant to a transaction permitted by the Credit Agreement and other than Permitted Liens; and
(d) subject to the rights of such Grantor under the Loan Documents to dispose of Pledged Collateral, will use commercially reasonable efforts to defend its title or interest hereto or therein against any and all Liens (other than Permitted Liens), however arising, of all Persons;
(4) other than as set forth in the Credit Agreement or the schedules thereto, and except for restrictions and limitations imposed by the Loan Documents or securities laws generally or otherwise permitted to exist pursuant to the terms of the Credit Agreement, the Pledged Stock (other than Pledged Stock that is partnership interests) is and will continue to be freely transferable and assignable, and, except for limitations existing on the Fourth Amendment Effective Date in the articles or certificate of incorporation, bylaws or other organizational documents of any Subsidiary that is not a wholly owned Subsidiary, none of the Pledged Stock is or will be subject to any option, right of first refusal, shareholders agreement, charter or by-law provisions or contractual restriction of any nature that would prohibit, impair, delay or otherwise affect the pledge of such Pledged Stock hereunder, the sale or disposition thereof pursuant hereto or the exercise by the Collateral Agent of rights and remedies hereunder;
(5) each Grantor has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done or contemplated;
(6) other than as set forth in the Credit Agreement or the schedules thereto, no consent or approval of any Governmental Authority, any securities exchange or any other Person
was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect);
(7) as of the Fourth Amendment Effective Date, this Agreement is effective to create in favor of the Collateral Agent (for the benefit of the Secured Parties) a legal, valid and enforceable security interest in the Collateral described herein and proceeds thereof;
(8) as of the Fourth Amendment Effective Date, none of the Equity Interests in limited liability companies or partnerships that are pledged by the Grantors hereunder constitute a security under Section 8-103 of the UCC or the corresponding code or statute of any other applicable jurisdiction; and
(9) the Grantors shall not amend, or permit to be amended, the limited liability company agreement (or operating agreement or similar agreement) or partnership agreement of any subsidiary of any Loan Party whose Equity Interests are, or are required to be, Collateral in a manner to cause such Equity Interests to constitute a security under Section 8-103 of the New York UCC or the corresponding code or statute of any other applicable jurisdiction unless such Loan Party shall have first delivered reasonable prior written notice to the Collateral Agent and shall have taken all actions contemplated hereby and as otherwise reasonably required by the Collateral Agent to maintain the security interest of the Collateral Agent therein as a valid, perfected security interest with the Required Collateral Lien Priority, and subject to the relative priorities set forth in the Intercreditor Agreements.
Section 3.04. Registration in Nominee Name; Denominations. The Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), on behalf of the Secured Parties, has the right (in its sole and absolute discretion) to hold the Pledged Securities in the name of the applicable Grantor, endorsed or assigned in blank or in favor of the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) or, if an Event of Default shall have occurred and be continuing, in its own name as pledgee or the name of its nominee (as pledgee or as sub-agent). Each Grantor will promptly give to the Collateral Agent copies of any notices or other communications received by it with respect to Pledged Securities registered in the name of such Grantor. If an Event of Default shall have occurred and be continuing, the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) will have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement. Each Grantor will use its commercially reasonable efforts to cause any Loan Party that is not a party to this Agreement to comply with a request by the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), pursuant to this Section 3.04, to exchange certificates representing Pledged Securities of such Loan Party for certificates of smaller or larger denominations.
Section 3.05. Voting Rights; Dividends and Interest, Etc.
(1) Unless and until an Event of Default has occurred and is continuing and the Collateral Agent has given at least one (1) Business Day’s prior written notice to the Borrower of the Collateral Agent’s intention to exercise its rights hereunder:
(a) each Grantor will be entitled to exercise any and all voting and/or other consensual rights and powers inuring to an owner of Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement and the other Loan Documents; provided that except as permitted under the Credit Agreement, such rights and powers will not be exercised in any manner that could materially and adversely affect the rights inuring to a holder of any Pledged Collateral, the rights and remedies of any of the Collateral Agent or the other Secured Parties under this Agreement, the Credit Agreement or any other Loan Document or the ability of the Secured Parties to exercise the same;
(b) the Collateral Agent will promptly execute and deliver to each Grantor, or cause to be executed and delivered to such Grantor, all such proxies, powers of attorney and other instruments as such Grantor may reasonably request for the purpose of enabling such Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to subparagraph (a) above; and
(c) each Grantor will be entitled to receive and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Collateral to the extent and only to the extent that such dividends, interest, principal and other distributions are permitted by, and otherwise paid or distributed in accordance with, the terms and conditions of the Credit Agreement, the other Loan Documents and applicable laws; provided that (i) any noncash dividends, interest, principal or other distributions, payments or other consideration in respect thereof, including any rights to receive the same to the extent not so distributed or paid, that would constitute Pledged Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer of any Pledged Securities, received in exchange for Pledged Securities or any part thereof, or in redemption thereof, as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or otherwise and (ii) any noncash dividends and other distributions paid or payable in respect of any Pledged Securities that would constitute Pledged Securities in connection with a partial or total liquidation or dissolution or in connection with a reduction of capital, capital surplus or paid in surplus, will be and become part of the Pledged Collateral, and, if received by any Grantor, will not be commingled by such Grantor with any of its other funds or property, but will be held separate and apart therefrom, will be held in trust for the benefit of the Collateral Agent, for the benefit of the Secured Parties, and will be forthwith delivered to the Collateral Agent, for the benefit of the Secured Parties,
in the same form as so received (endorsed in a manner reasonably satisfactory to the Collateral Agent).
(2) Upon the occurrence and during the continuance of an Event of Default and after at least one (1) Business Day’s prior written notice by the Administrative Agent to the Borrower of the Administrative Agent’s intention to exercise its rights hereunder, all rights of any Grantor to dividends, interest, principal or other distributions that such Grantor is authorized to receive pursuant to paragraph (1)(c) of this Section 3.05 will cease, and all such rights will thereupon become vested, for the benefit of the Secured Parties, in the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), which will have the sole and exclusive right and authority to receive and retain such dividends, interest, principal or other distributions; provided, however, that even after the occurrence and during the continuance of an Event of Default, and such one at least one (1) Business Day’s prior written notice, any Grantor may continue to receive dividends and distributions solely to the extent permitted under subclause (6)(a), subclause (6)(c) and subclause (6)(e) of Section 6.06 of the Credit Agreement.
(3) All dividends, interest, principal or other distributions received by any Grantor contrary to the provisions of this Section 3.05 will not be commingled by such Grantor with any of its other funds or property, but will be held separate and apart therefrom, will be held in trust for the benefit of the Collateral Agent, for the benefit of the Secured Parties, and will be forthwith delivered to the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), for the benefit of the Secured Parties, in the same form as so received (endorsed in a manner reasonably satisfactory to the Collateral Agent). Any and all money and other property paid over to or received by the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) pursuant to the provisions of this paragraph (3) subject to the Intercreditor Agreement will be retained by the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) in an account to be established by the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) upon receipt of such money or other property and will be applied in accordance with the provisions of Section 5.02 hereof. After all such Events of Default have been cured or waived, the Collateral Agent will promptly repay to each Grantor (without interest) all dividends, interest, principal or other distributions that such Grantor would otherwise be permitted to retain pursuant to the terms of paragraph (1)(c) of this Section 3.05 and that remain in such account.
(4) Upon the occurrence and during the continuance of an Event of Default and after the Collateral Agent shall have given at least one (1) Business Day’s prior written notice to the Borrower of the Collateral Agent’s intention to exercise its rights hereunder, all rights of any Grantor to exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to paragraph (1)(a) of this Section 3.05, and the obligations of the Collateral Agent under paragraph (1)(b) of this Section 3.05, will cease, and all such rights will thereupon become vested in the Collateral Agent, for the benefit of the Secured Parties, which will have the sole and exclusive right and authority to exercise such voting and consensual rights and powers (subject to the Intercreditor Agreement); provided that unless otherwise directed by the Required Lenders, the Collateral Agent
will have the right from time to time following and during the continuance of an Event of Default and such at least one (1) Business Day’s prior written notice to permit the Grantors to exercise such rights. After all such Events of Default have been cured or waived, each Grantor will have the right to exercise the voting and/or consensual rights and powers that such Grantor would otherwise be entitled to exercise pursuant to the terms of paragraph (1)(a) above.
ARTICLE IV
SECURITY INTERESTS IN OTHER PERSONAL PROPERTY
Section 4.01. Security Interest.
(1) As security for the payment or performance when due (whether at the stated maturity, by acceleration or otherwise), as the case may be, in full of the Secured Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, a security interest (the “Security Interest”) in all of such Grantor’s right, title and interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”):
(a) all Accounts;
(b) all Chattel Paper;
(c) all cash, Cash Equivalents and Deposit Accounts;
(d) all Documents;
(e) all Equipment;
(f) all General Intangibles;
(g) all Instruments;
(h) all Inventory;
(i) all Investment Property;
(j) all Letter of Credit Rights;
(k) all Intellectual Property;
(l) all Commercial Tort Claims, including those described on Schedule IV hereto;
(m) each of the following:
(i) Securities Accounts;
(ii) Investment Property credited to Securities Accounts or Deposit Accounts from time to time and all Security Entitlements in respect thereof;
(iii) all cash held in any Securities Account or Deposit Account; and
(iv) all other Money in the possession of the Collateral Agent;
(n) all books and Records pertaining to the Article 9 Collateral; and
(o) all Proceeds, Supporting Obligations and products of any and all of the foregoing and all collateral security and guarantees given by any Person with respect to any of the foregoing.
Notwithstanding anything to the contrary in this Agreement or any other Loan Document, the Article 9 Collateral will not include, this Agreement will not constitute a grant of a security interest in and the security interest granted hereunder will not attach to any Excluded Asset.
(2) Each Grantor hereby irrevocably authorizes the Collateral Agent at any time and from time to time to file in any relevant jurisdiction any financing statements (including fixture filings) with respect to the Article 9 Collateral (including all Article 9 Collateral consisting of Pledged Collateral) or any part thereof and amendments thereto that contain the information required by Article 9 of the Uniform Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including:
(a) whether such Grantor is an organization, the type of organization and any organizational identification number issued to such Grantor;
(b) in the case of a financing statement filed as a fixture filing, a sufficient description of the property to which such Article 9 Collateral relates; and
(c) a description of collateral that describes such property in any other manner as the Collateral Agent may reasonably determine is necessary to ensure the perfection of the security interest in the Article 9 Collateral granted under this Agreement, including describing such property as “all assets”, whether now owned or hereafter acquired, or words of similar effect.
Each Grantor agrees to provide such information to the Collateral Agent promptly upon request.
(3) The Collateral Agent is further authorized to file with the United States Patent and Trademark Office or United States Copyright Office (or any successor office) such documents as may be reasonably necessary for the purpose of perfecting, continuing, enforcing or protecting the Security Interest granted by each Grantor, without the
signature of any Grantor, and naming any Grantor or the Grantors as debtors and the Collateral Agent as secured party.
(4) Notwithstanding anything to the contrary in this Agreement or any other Loan Document (but subject to Section 5.10(5)(c) of the Credit Agreement), no Grantor shall be required to take any action under the laws of any jurisdiction other than the United States (or any political subdivision thereof) and its territories and possessions for the purpose of perfecting the Security Interest in any Article 9 Collateral of such Grantor.
(5) The Security Interest is granted as security only and shall not subject the Collateral Agent or any other Secured Party to, or in any way alter or modify, any obligation or liability of any Grantor with respect to or arising out of the Article 9 Collateral.
(6) Notwithstanding anything to the contrary in any Loan Document, no Grantor will be required:
(a) subject to clause (b) below, to take, or cause to be taken, any actions to perfect the Security Interest by any means other than (to the extent reasonably applicable):
(i) filings pursuant to the Uniform Commercial Code in the office of the Secretary of State (or equivalent filing office) of the relevant State(s) of the respective jurisdictions of organization of each Grantor;
(ii) filings in the United States Patent and Trademark Office and the United States Copyright Office of an Intellectual Property Security Agreement;
(iii) delivery of Collateral consisting of instruments, notes and debt securities in a principal amount in excess of $5.0 million; provided that such delivery shall not be required with respect to:
(A) instruments, notes and debt securities that are promptly deposited into an investment or securities account;
(B) checks received in the ordinary course of business; and
(C) notes and debt securities issued in connection with the extension of trade credit by a Grantor in each case with a duration of not more than 364 days;
(iv) delivery of Collateral consisting of certificated Equity Interests included in the Collateral; and
(v) entering into or causing to be entered into any Control Agreements or similar arrangements with respect to any Deposit Accounts (except with respect to the Blocked Accounts and the Asset Sale Proceeds Account), Securities Accounts, Commodities Accounts or other Collateral that requires perfection by Control; or
(b) except as set forth in Section 5.10(5)(c) of the Credit Agreement, to take any actions outside the United States to create or perfect any security interests in any Collateral (it being understood that there shall be no security agreements or pledge agreements governed under the laws of any foreign jurisdiction except as contemplated by Section 5.10(5)(c) of the Credit Agreement).
Section 4.02. Representations and Warranties. Each Grantor represents and warrants (but solely with respect to any Borrowing made after the date hereof pursuant to Section 2.21 of the Credit Agreement, to the extent required by Section 2.21(6) of the Credit Agreement) to the Collateral Agent and the Secured Parties that:
(1) Each Grantor has good and valid rights in and title to the Article 9 Collateral with respect to which it has purported to grant a Security Interest hereunder and has full power and authority to grant to the Collateral Agent the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in accordance with the terms of this Agreement, without the consent or approval of any other Person other than any consent or approval that has been obtained and is in full force and effect or has otherwise been disclosed herein or in the Credit Agreement.
(2) The Uniform Commercial Code financing statements containing a description of the Article 9 Collateral that have been prepared by the Collateral Agent for filing in the office specified in Schedule III constitute all the filings, recordings and registrations (except as set forth in the following clause (3)) that are, as of the Fourth Amendment Effective Date, necessary to publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the Collateral Agent (for the benefit of the Secured Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing.
(3) Each Grantor represents and warrants that a fully executed Intellectual Property Security Agreement containing a description of all Article 9 Collateral existing on the Fourth Amendment Effective Date and consisting of Intellectual Property owned by such Grantor with respect to United States Patents (and Patents for which United States applications are pending), United States registered Trademarks (and Trademarks for which United States registration applications are pending) and United States registered Copyrights (and Copyrights for which United States registration applications are pending) was delivered on the Original Closing Date or the Fourth Amendment Effective Date, as applicable, to the Collateral Agent for recording with the United States Patent and Trademark Office and the United States Copyright Office pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable.
(4) The Security Interest constitutes (a) a legal and valid security interest in all the Article 9 Collateral securing the payment and performance of the Secured Obligations; (b) subject to the filings described in Section 4.02(2), a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by filing, recording or registering a financing statement or analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform
Commercial Code or other applicable law in such jurisdictions; and (c) a security interest that shall be perfected in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of an Intellectual Property Security Agreement with the United States Patent and Trademark Office and the United States Copyright Office, as applicable. The Security Interest has and shall have the Required Collateral Lien Priority on any of the Article 9 Collateral subject to Permitted Liens.
(5) The Article 9 Collateral is owned by the Grantors free and clear of any Lien, other than Permitted Liens. None of the Grantors has filed or consented to the filing after the Fourth Amendment Effective Date of (a) any financing statement or analogous document under the Uniform Commercial Code or any other applicable laws covering any Article 9 Collateral; (b) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or the United States Copyright Office; or (c) any assignment in which any Grantor assigns any Article 9 Collateral or any security agreement or similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or similar instrument is still in effect, except, in each case, for Permitted Liens.
(6) None of the Grantors holds any Commercial Tort Claim individually in excess of $5.0 million as of the Fourth Amendment Effective Date except as indicated on Schedule IV.
(7) The names of the obligors, amounts owing, due dates and other information with respect to each Grantor’s Accounts and Chattel Paper that are Collateral are and will be correctly stated, at the time furnished, in all records of such Grantor relating thereto and in all invoices furnished to the Agent by such Grantor from time to time.
(8) As to itself and its Article 9 Collateral consisting of Intellectual Property (the “Intellectual Property Collateral”), to each Grantor’s knowledge, as of the Fourth Amendment Effective Date:
(a) The Intellectual Property Collateral set forth on Schedule II includes all of the material Patents, registered Trademarks and registered Copyrights owned by such Grantor as of the date hereof (including all such registered with the United States Patent and Trademark Office or United States Copyright Office);
(b) The Intellectual Property Collateral owned by such Grantors has not been adjudged invalid or unenforceable in whole or part (except for office actions issued in the ordinary course by the United States Patent and Trademark Office or any similar office in any foreign jurisdiction), and is valid and enforceable, except as would not reasonably be expected to have a Material Adverse Effect. Such Grantor is not aware of any uses of any item of Intellectual Property Collateral that would be expected to lead to such item becoming invalid or unenforceable, except as would not reasonably be expected to have a Material Adverse Effect;
(c) Such Grantor has made or performed in the ordinary course of Grantor’s business, acts, including filings, recordings and payment of all required fees and taxes, required to maintain and protect its interest in each and every item of Intellectual Property Collateral owned by such Grantor in full force and effect in the United States, and such Grantor has used proper statutory notice in connection with its use of each Patent, Trademark and Copyright owned by such Grantor in the Intellectual Property Collateral, in each case, except to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect;
(d) With respect to each IP Agreement, the absence, termination or violation of which would reasonably be expected to have a Material Adverse Effect: (A) such Grantor has not received any notice of termination or cancellation under such IP Agreement; (B) such Grantor has not received any notice of a breach or default under such IP Agreement, which breach or default has not been cured or waived; and (C) neither such Grantor nor any other party to such IP Agreement is in breach or default thereof in any material respect, and no event has occurred that, with notice or lapse of time or both, would constitute such a breach or default or permit termination, modification or acceleration under such IP Agreement.
(e) Except as would not reasonably be expected to have a Material Adverse Effect, no Grantor or Intellectual Property Collateral owned by such Grantor is subject to any outstanding consent, settlement, decree, order, injunction, judgment or ruling restricting the use of any Intellectual Property Collateral owned by such Grantor or that would impair the validity or enforceability of such Intellectual Property Collateral owned by such Grantor.
Section 4.03. Covenants.
(1) Each Grantor agrees to comply with Section 5.10(3) of the Credit Agreement.
(2) Subject to the rights of such Grantor under the Loan Documents to dispose of Collateral and except as would otherwise be permitted by the Credit Agreement, each Grantor will, at its own expense, use commercially reasonable efforts to defend title to the Article 9 Collateral against all Persons and to defend the Security Interest of the Collateral Agent, for the benefit of the Secured Parties, in the Article 9 Collateral and the Required Collateral Lien Priority thereof against any Lien that is not a Permitted Lien.
(3) Each Grantor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as the Collateral Agent may from time to time reasonably request to preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement and the granting of the Security Interest and the filing of any financing statements (including fixture filings) or other documents in connection herewith or therewith.
(4) If any amount payable under or in connection with any of the Article 9 Collateral that is in excess of $5.0 million is or becomes evidenced by any promissory note or other instrument, such note or instrument subject to the Intercreditor Agreement will be promptly pledged and delivered to the Collateral Agent, for the benefit of the Secured Parties, duly endorsed in a manner reasonably satisfactory to the Collateral Agent.
(5) After the occurrence of an Event of Default and during the continuance thereof, the Collateral Agent will have the right to verify under reasonable procedures the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Article 9 Collateral, including, in the case of Accounts or Article 9 Collateral in the possession of any third person, by contacting Account Debtors or the third person possessing such Article 9 Collateral for the purpose of making such a verification. The Collateral Agent shall have the right to share any information it gains from such inspection or verification with any Secured Party.
(6) None of the Grantors will, without the Collateral Agent’s prior written consent (such consent not to be unreasonably withheld, delayed or conditioned), grant any extension of the time of payment of any Accounts included in the Article 9 Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any Person liable for the payment thereof or allow any credit or discount whatsoever thereon, in each case, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with prudent business practices or as otherwise permitted under the Credit Agreement.
(7) At its option after the occurrence of an Event of Default and during the continuance thereof, the Collateral Agent may discharge past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on the Article 9 Collateral and not a Permitted Lien, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Grantor fails to do so as required by the Credit Agreement or this Agreement, and each Grantor jointly and severally agrees to reimburse the Collateral Agent on demand for any reasonable payment made or any reasonable expense incurred by the Collateral Agent pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.03(7) will excuse any Grantor from the performance of, or impose any obligation on the Collateral Agent or any Secured Party to cure or perform, any covenants or other promises of any Grantor with respect to taxes, assessments, charges, fees, Liens, security interests or other encumbrances and maintenance as set forth herein or in the other Loan Documents.
(8) Each Grantor (rather than the Collateral Agent or any Secured Party) will remain liable for the observance and performance of all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the Article 9 Collateral.
(9) Each Grantor irrevocably makes, constitutes and appoints the Collateral Agent (and all officers, employees or agents designated by the Collateral Agent for such purpose) as such Grantor’s true and lawful agent (and attorney-in-fact) for the purpose, during the
continuance of an Event of Default, of making, settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Grantor on any check, draft, instrument or other item of payment for the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto.
(10) In the event that any Grantor at any time or times fails to obtain or maintain any of the policies of insurance required hereby or under the Credit Agreement or to pay any premium in whole or part relating thereto, the Collateral Agent may, after the occurrence and during the continuation of an Event of Default, without waiving or releasing any obligation or liability of the Grantors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Collateral Agent reasonably deems advisable. All sums disbursed by the Collateral Agent in connection with this Section 4.03(10), including reasonable attorneys’ fees, court costs, expenses and other charges relating thereto, shall be payable, upon demand, by the Grantors to the Collateral Agent and shall be additional Secured Obligations secured hereby.
Section 4.04. Other Actions. In order to further ensure the attachment and perfection of, and the ability of the Collateral Agent to enforce, for the benefit of the Secured Parties, the Collateral Agent’s security interest in the Article 9 Collateral, each Grantor agrees, in each case at such Grantor’s own expense, to take the following actions with respect to the following Article 9 Collateral:
(1) Instruments and Tangible Chattel Paper. If any Grantor at any time holds or acquires any Instruments (other than checks received and processed in the ordinary course of business) or Tangible Chattel Paper evidencing an amount in excess of $5.0 million, such Grantor will forthwith endorse, assign and deliver the same to the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably request.
(2) Investment Property. Except to the extent otherwise provided in Article III, if any Grantor at any time holds or acquires any Certificated Security constituting Pledged Collateral or Article 9 Collateral, such Grantor will forthwith endorse, assign and deliver the same to the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement), accompanied by such instruments of transfer or assignment duly executed in blank as the Collateral Agent may from time to time reasonably specify. If any security of a domestic issuer now owned or hereafter acquired by any Grantor is uncertificated and is issued to such Grantor or its nominee directly by the issuer thereof, such Grantor shall promptly notify the Collateral Agent of such uncertificated securities and upon the occurrence and during the continuance of an Event of Default, such Grantor shall pursuant to an agreement in form and substance reasonably satisfactory to the Collateral Agent, either (a) cause the issuer to agree to comply with instructions from the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) as to such security, without further consent of any Grantor or such nominee or (b) cause
the issuer to register the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) as the registered owner of such security.
(3) Commercial Tort Claims. If any Grantor shall at any time hold or acquire a Commercial Tort Claim with an asserted or nominal value in excess of $5.0 million, such Grantor shall promptly notify the Collateral Agent thereof in a writing signed by such Grantor, including a summary description of such claim, and grant to the Collateral Agent in writing a security interest therein and in the proceeds thereof, all under the terms and provisions of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Collateral Agent.
Section 4.05. Covenants Regarding Patent, Trademark and Copyright Collateral. Except as permitted by the Credit Agreement:
(1) Each Grantor agrees that it will not knowingly do any act or omit to do any act (and will exercise commercially reasonable efforts to contractually prohibit its licensees from doing any act or omitting to do any act) whereby any material Patent owned by such Grantor that is necessary to the normal conduct of such Grantor’s business may become prematurely invalidated, abandoned, lapsed or dedicated to the public, and agrees that it will take commercially reasonable steps with respect to any material products covered by any such Patent as necessary to establish and preserve its rights under applicable patent laws.
(2) Each Grantor will, and will use its commercially reasonable efforts to contractually require its licensees and its sublicensees to, for each material Trademark owned by such Grantor and necessary to the normal conduct of such Grantor’s business:
(a) maintain such Trademark in full force free from any adjudication of abandonment or invalidity for non-use;
(b) maintain the quality of products and services offered under such Trademark;
(c) display such Trademark with notice of federal or foreign registration or claim of trademark or service xxxx as required under applicable law; and
(d) not knowingly use or knowingly permit its licensees’ use of such Trademark in violation of any third-party rights.
(3) Each Grantor will, and will use its commercially reasonable efforts to cause its licensees and its sublicensees to, for each work covered by a material Copyright owned by such Grantor and necessary to the normal conduct of such Grantor’s business and that it publishes, displays and distributes, use a copyright notice as necessary and sufficient to establish and preserve its rights under applicable copyright laws.
(4) Each Grantor shall notify the Collateral Agent promptly if it knows that any material Patent, Trademark or Copyright owned by such Grantor and necessary to the normal
conduct of such Grantor’s business may imminently become abandoned, lapsed or dedicated to the public, or of any materially adverse determination or development, regarding such Grantor’s ownership of any such material Patent, Trademark or Copyright or its right to register or to maintain the same.
(5) Each Grantor, either itself or through any agent, employee, licensee or designee, will, upon the reasonable request of the Collateral Agent, execute and deliver any and all agreements, instruments, documents and papers as the Collateral Agent may reasonably request to evidence the Collateral Agent’s security interest in each Patent, Trademark, or Copyright listed in each updated Perfection Certificate (or in any applicable specified information contained in the Perfection Certificate) furnished pursuant to Section 5.04(9) of the Credit Agreement.
(6) Each Grantor will exercise its reasonable business judgment consistent with the practice in any proceeding before the United States Patent and Trademark Office, the United States Copyright Office with respect to maintaining and pursuing each application owned by such Grantor relating to any material Patent, Trademark and/or Copyright (and obtaining the relevant grant or registration) necessary to the normal conduct of such Grantor’s business and to maintain (a) each such Patent and (b) the registrations of each such Trademark and each such Copyright, including, when applicable and necessary in such Grantor’s reasonable business judgment, timely filings of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and, if any Grantor believes necessary in its reasonable business judgment, to initiate opposition, interference and cancellation proceedings against third parties.
(7) In the event that any Grantor knows or has reason to know that any Article 9 Collateral consisting of a material Patent, Trademark or Copyright necessary to the normal conduct of its business has been materially infringed, misappropriated or diluted by a third party, such Grantor will promptly notify the Collateral Agent and will, if such Grantor deems it necessary in its reasonable business judgment, promptly take actions as are reasonably appropriate under the circumstances.
Section 4.06. Intercreditor Relations. Notwithstanding anything herein to the contrary, (1) the Guarantors, the Grantors and the Collateral Agent acknowledge that the exercise of certain of the Collateral Agent’s rights and remedies hereunder are subject to the provisions of the ABL/Term Loan/Notes Intercreditor Agreement, any ABL Junior Lien Intercreditor Agreement and the PropCo Subordination Agreements and (2) prior to the Discharge of Term Loan Claims, any obligation hereunder to physically deliver any Term Loan Priority Collateral to the Collateral Agent shall be deemed satisfied by the delivery to the Term Loan Collateral Agent, acting as gratuitous bailee for the Collateral Agent in accordance with the ABL/Term Loan/Notes Intercreditor Agreement. The failure of the Collateral Agent or any other Secured Party to immediately enforce any of its rights and remedies hereunder (as a result of the terms of the Intercreditor Agreement or otherwise) shall not constitute a waiver of any such rights and remedies. In the event of any conflict or inconsistency between the terms of the ABL/Term Loan/Notes Intercreditor Agreement and this Agreement regarding the relative priorities of the Collateral Agent, the Term Loan Collateral Agent, the New Second Lien Notes Collateral Agent
and the New Third Lien Notes Collateral Agent in the Collateral, the terms of the ABL/Term Loan/Notes Intercreditor Agreement shall govern and control. In the event of any conflict or inconsistency between the terms of the PropCo Subordination Agreements, on the one hand, and this Agreement on the other, regarding the relative priorities of the Collateral Agent, the Initial Second Lien Representative and the Initial Third Lien Representative with respect to payment upon the guarantee of any PropCo Guarantor, the terms of the PropCo Subordination Agreements shall govern and control. Terms used but not defined in this Section 4.06 shall be as defined in the applicable Intercreditor Agreement.
ARTICLE V
REMEDIES
Section 5.01. Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, each Grantor agrees to deliver each item of Collateral to the Collateral Agent (or a designated bailee, in accordance with the Intercreditor Agreement) on demand, and it is agreed that the Collateral Agent shall have the right, subject to applicable law, to take any of or all the following actions at the same or different times: (1) with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the applicable Grantors to the Collateral Agent or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or a non-exclusive basis, any such Article 9 Collateral throughout the world on such terms and conditions and in such manner as the Collateral Agent shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers thereunder cannot be obtained with the use of commercially reasonable efforts, which each Grantor hereby agrees to use) and (2) to take possession of the Article 9 Collateral and without liability for trespass to the applicable Grantor to enter any premises where the Article 9 Collateral may be located for the purpose of taking possession of, removing or selling the Article 9 Collateral and, generally, to exercise any and all rights afforded to a secured party under the applicable Uniform Commercial Code or other applicable law. Without limiting the generality of the foregoing rights and remedies, each Grantor agrees that the Collateral Agent shall have the right, subject to the mandatory requirements of applicable law (including the Uniform Commercial Code), to sell or otherwise dispose of all or any part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Collateral Agent shall deem appropriate. The Collateral Agent shall be authorized in connection with any sale of a security (if it deems it advisable to do so) pursuant to the foregoing to restrict the prospective bidders or purchasers to Persons who represent and agree that they are purchasing such security for their own account, for investment, and not with a view to the distribution or sale thereof. Upon consummation of any such sale of Collateral pursuant to this Section 5.01, the Collateral Agent shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the property sold absolutely, free from any claim or right on the part of any Grantor, and each Grantor hereby waives and releases (to the extent permitted by law) all rights of redemption, stay, valuation and appraisal that such Grantor now has or may at any time in the future have under any rule of law or statute now existing or hereafter enacted.
The Collateral Agent shall give the applicable Grantors ten Business Days’ written notice (which each Grantor agrees is reasonable notice within the meaning of Section 9-611 of the UCC or its equivalent in other jurisdictions) of the Collateral Agent’s intention to make any sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to be made and the day on which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the Collateral Agent may fix and state in the notice (if any) of such sale. The Collateral, or the portion thereof, to be sold at any such sale may be sold in one lot as an entirety or in separate parcels, in the Collateral Agent’s own right or by one or more agents and contractors, upon any premises owned, leased, or occupied by any Grantor and the Collateral Agent and any such agent or contractor, in conjunction with any such sale, may augment the Inventory to be sold with other goods (all of which other goods shall remain the sole property of the Collateral Agent or such agent or contractor), all as the Collateral Agent may (in its sole and absolute discretion) determine. The Collateral Agent shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of sale of such Collateral shall have been given. The Collateral Agent may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In the case of any sale of all or any part of the Collateral made on credit or for future delivery, the Collateral so sold may be retained by the Collateral Agent until the sale price is paid by the purchaser or purchasers thereof, but the Collateral Agent shall not incur any liability in the event that any such purchaser or purchasers shall fail to take up and pay for the Collateral so sold and, in the case of any such failure, such Collateral may be sold again upon notice given in accordance with provisions above. At any public (or, to the extent permitted by law, private) sale made pursuant to this Section 5.01, any Secured Party may bid for or purchase, free (to the extent permitted by law) from any right of redemption, stay, valuation or appraisal on the part of any Grantor (all such rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and may make payment on account thereof by using any claim then due and payable to such Secured Party from any Grantor as a credit against the purchase price, and such Secured Party may, upon compliance with the terms of sale, hold, retain and dispose of such property in accordance with Section 5.02 hereof without further accountability to any Grantor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion thereof shall be treated as a sale thereof; the Collateral Agent shall be free to carry out such sale pursuant to such agreement and no Grantor shall be entitled to the return of the Collateral or any portion thereof subject thereto, notwithstanding the fact that after the Collateral Agent shall have entered into such an agreement all Events of Default shall have been remedied and the Secured Obligations paid in full. As an alternative to exercising the power of sale herein conferred upon it, the Collateral Agent may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. Any sale pursuant to the provisions of this Section 5.01 shall be deemed to conform to the commercially reasonable standards as provided in Section 9-610(b) of the UCC or its equivalent in other jurisdictions.
Without limiting any other rights of the Collateral Agent granted pursuant to this Agreement, each Grantor hereby grants to the Collateral Agent, and the representatives and independent contractors of the Collateral Agent, a royalty free, non-exclusive, irrevocable license (such license to be effective upon the occurrence and during the continuance of any Event of Default), to use, apply, and affix any Trademark, trade name, logo, or the like in which any Grantor now or hereafter has rights, solely in connection with the Collateral Agent’s enforcement of rights or remedies hereunder, including in connection with any sale or other disposition of Inventory. As to each Grantor, the license granted hereby shall remain in full force and effect until such Grantor hereunder is released hereunder in accordance with Section 7.15 of this Agreement.
Section 5.02. Application of Proceeds.
(1) Subject to the terms of the Intercreditor Agreement, the Collateral Agent will promptly apply the proceeds, moneys or balances of any collection or sale of Collateral, as well as any Collateral consisting of cash, in the manner specified in the Credit Agreement.
(2) The Collateral Agent will have absolute discretion as to the time of application of any such proceeds, moneys or balances in accordance with this Agreement. Upon any sale of Collateral by the Collateral Agent (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the purchase money by the Collateral Agent or of the officer making the sale will be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers will not be obligated to see to the application of any part of the purchase money paid over to the Collateral Agent or such officer or be answerable in any way for the misapplication thereof.
(3) Notwithstanding anything in this Agreement or any other Loan Document to the contrary, the Collateral Agent will not be required to marshal the Collateral or any guarantee of the Secured Obligations or to resort to the Collateral or any such Guarantee in any particular order.
Section 5.03. Securities Act, Etc. In view of the position of the Grantors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar federal statute hereafter enacted analogous in purpose or effect (such Act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each Grantor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Collateral Agent if the Collateral Agent were to attempt to dispose of all or any part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the Collateral Agent in any attempt to dispose of all or part of the Pledged Collateral under applicable Blue Sky or other state securities laws or similar laws analogous in purpose or effect. Each Grantor acknowledges and agrees that in light of such restrictions and limitations, the Collateral Agent, in its sole and absolute discretion, may (1)
proceed to make such a sale whether or not a registration statement for the purpose of registering such Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws or, to the extent applicable, Blue Sky or other state securities laws and (2) approach and negotiate with a single potential purchaser to effect such sale. Each Grantor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions. In the event of any such sale, the Collateral Agent will incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Collateral Agent, in its sole and absolute discretion, may in good xxxxx xxxx reasonable under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a single purchaser were approached. The provisions of this Section 5.03 will apply notwithstanding the existence of a public or private market upon which the quotations or sales prices may exceed substantially the price at which the Collateral Agent sells.
ARTICLE VI
INDEMNITY, SUBROGATION AND SUBORDINATION
Section 6.01. Indemnity. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but subject to Section 6.03 hereof), the Borrower agrees that (a) in the event a payment is made by any Guarantor under this Agreement in respect of any Secured Obligation of the Borrower, the Borrower shall indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the Person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets of any Guarantor are sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part a Secured Obligation of the Borrower, the Borrower will indemnify such Guarantor in an amount equal to the greater of the book value or fair market value of the assets so sold.
Section 6.02. Contribution and Subrogation. Subject to Section 2.07, each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 6.03 hereof) that, in the event a payment shall be made by any other Guarantor hereunder in respect of any Secured Obligation or assets of any other Guarantor shall be sold pursuant to any Security Document to satisfy any Secured Obligation owed to any Secured Party and such other Guarantor (the “Claiming Guarantor”) shall not have been fully indemnified by the Borrower as provided in Section 6.01 hereof, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment or the greater of the book value or the fair market value of such assets (the “Indemnified Amount”), as applicable, in each case multiplied by a fraction of which the numerator will be the net worth of such Contributing Guarantor on the date hereof and the denominator shall be the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 7.16 hereof, the date of the supplement hereto executed and delivered by such Guarantor). Any Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 6.02 shall be subrogated to the rights of such Claiming Guarantor under Section 6.01 hereof to the extent of such payment. Notwithstanding the foregoing, to the extent that any Claiming Guarantor’s right to
indemnification hereunder arises from a payment or sale of Collateral made to satisfy any Secured Obligation constituting Swap Obligations, only those Contributing Guarantors for whom such Swap Obligations do not constitute Excluded Swap Obligations shall indemnify such Claiming Guarantor, with the fraction set forth in the second preceding sentence being modified as appropriate to provide for indemnification of the entire Indemnified Amount.
Section 6.03. Subordination.
(1) Notwithstanding any provision of this Agreement to the contrary, all rights of the Guarantors under Sections 6.01 and 6.02 hereof and all other rights of indemnity, contribution or subrogation of the Guarantors under applicable law or otherwise will be fully subordinated to the payment in full in cash or immediately available funds of the Secured Obligations (other than Secured Obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted) until such time as this Agreement has been terminated in accordance with Section 7.15(1). No failure on the part of the Borrower or any Guarantor to make the payments required by Sections 6.01 and 6.02 hereof (or any other payments required under applicable law or otherwise) will in any respect limit the obligations and liabilities of the Borrower with respect to the Secured Obligations or any Guarantor with respect to its obligations hereunder, and the Borrower shall remain liable for the full amount of the Secured Obligations and each Guarantor shall remain liable for the full amount of its obligations hereunder.
(2) The Borrower and each Guarantor hereby agree that all Indebtedness and other monetary obligations owed by it to the Borrower, any other Guarantor or any Subsidiary will be fully subordinated to the payment in full in cash or immediately available funds of the Secured Obligations (other than Secured Obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations that are not yet due and payable and for which no claim has been asserted).
(3) The guaranty obligations of Notes PropCo, if any, evidenced hereby are subordinate, in the manner and to the extent set forth in the Notes PropCo Subordination Agreement, if applicable, to the Senior Priority Guarantee Obligations (as defined in the Notes PropCo Subordination Agreement); and each holder of this instrument, by its acceptance hereof, irrevocably agrees to be bound by the provisions of the Notes PropCo Subordination Agreement, if applicable.
(4) The guaranty obligations of 2019 Extended Term Loan PropCo, evidenced hereby are subordinate, in the manner and to the extent set forth in the Extended Term Loan PropCo Subordination Agreement, if applicable, to the Senior Priority Guarantee Obligations (as defined in the Extended Term Loan PropCo Subordination Agreement); and each holder of this instrument, by its acceptance hereof, irrevocably agrees to be bound by the provisions of the Extended Term Loan PropCo Subordination Agreement, if applicable.
ARTICLE VII
MISCELLANEOUS
Section 7.01. Notices. All communications and notices hereunder shall (except as otherwise permitted herein) be in writing and given as provided in Section 10.01 of the Credit Agreement. All communications and notices hereunder to any Grantor will be given to it in care of the Borrower, with such notice to be given as provided in Section 10.01 of the Credit Agreement.
Section 7.02. Security Interest Absolute. All rights of the Collateral Agent hereunder, the Security Interest in the Article 9 Collateral, the security interest in the Pledged Collateral and all obligations of each Grantor hereunder will be absolute and unconditional irrespective of:
(1) any lack of validity or enforceability of the Credit Agreement, any other Loan Document, any agreement with respect to any of the Secured Obligations or any other agreement or instrument relating to any of the foregoing;
(2) any change in the time, manner or place of payment of, or in any other term of, all or any of the Secured Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document or any other agreement or instrument;
(3) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the Secured Obligations; or
(4) subject only to termination or release of a Guarantor’s obligations hereunder in accordance with the terms of Section 7.15 hereof any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Grantor in respect of the Secured Obligations or this Agreement (other than a defense of payment or performance).
Section 7.03. Limitation By Law. All rights, remedies and powers provided in this Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they will not render this Agreement invalid, unenforceable, in whole or in part, or not entitled to be recorded, registered or filed under the provisions of any applicable law.
Section 7.04. Binding Effect; Several Agreement. This Agreement will become effective as to any party to this Agreement when a counterpart hereof executed on behalf of such party is delivered to the Collateral Agent and a counterpart hereof is executed on behalf of the Collateral Agent, and thereafter will be binding upon such party and the Collateral Agent and their respective permitted successors and assigns, and will inure to the benefit of such party, the Collateral Agent and the other Secured Parties and their respective permitted successors and
assigns, except that no party shall have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void) except as expressly contemplated by this Agreement, the Credit Agreement. This Agreement will be construed as a separate agreement with respect to each Loan Party and may be amended, modified, supplemented, waived or released with respect to any Loan Party without the approval of any other Loan Party and without affecting the obligations of any other Loan Party hereunder.
Section 7.05. Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference will be deemed to include the permitted successors and assigns of such party, and all covenants, promises and agreements by or on behalf of any Grantor or the Collateral Agent that are contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns; provided that no Grantor may assign, transfer or delegate any of its rights or obligations under this Agreement without the prior written consent of the Collateral Agent. The Collateral Agent hereunder will at all times be the same Person that is the Collateral Agent under the Credit Agreement. Written notice of resignation by the Administrative Agent pursuant to the Credit Agreement will also constitute notice of resignation as the Collateral Agent under this Agreement. Upon the acceptance of any appointment as the Administrative Agent under the Credit Agreement by a successor Administrative Agent, that successor Administrative Agent will thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent pursuant hereto.
Section 7.06. Collateral Agent’s Fees and Expenses; Indemnification. The parties hereto agree that the Collateral Agent will be entitled to reimbursement of its expenses incurred hereunder as provided in Section 10.05 of the Credit Agreement and the provisions of Section 10.05 shall be incorporated by reference herein and apply to each Grantor mutatis mutandis.
Section 7.07. Collateral Agent Appointed Attorney-in-Fact. Each Grantor hereby appoints the Collateral Agent the attorney-in-fact of such Grantor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Collateral Agent may deem necessary to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. The Collateral Agent will have the right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution either in the Collateral Agent’s name or in the name of such Grantor, to:
(1) receive, endorse, assign or deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof;
(2) demand, collect, receive payment of, give receipt for and give discharges and releases of all or any of the Collateral;
(3) ask for, demand, xxx for, collect, receive and give acquittance for any and all moneys due or to become due under and by virtue of any Collateral;
(4) sign the name of any Grantor on any invoice or xxxx of lading relating to any of the Collateral;
(5) send verifications of Accounts to any Account Debtor;
(6) commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral;
(7) settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any of the Collateral;
(8) notify, or to require any Grantor to notify, Account Debtors to make payment directly to the Collateral Agent; and
(9) use, sell, assign, transfer, pledge, make any agreement with respect to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Collateral Agent were the absolute owner of the Collateral for all purposes;
provided that nothing herein contained will be construed as requiring or obligating the Collateral Agent to make any commitment or to make any inquiry as to the nature or sufficiency of any payment received by the Collateral Agent, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any property covered thereby. The Collateral Agent and the other Secured Parties will be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct.
Section 7.08. APPLICABLE LAW. THIS AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR CONFLICTS OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION).
Section 7.09. Waivers; Amendment.
(1) No failure or delay by the Collateral Agent or any Lender in exercising any right, power or remedy hereunder or under any other Loan Document will operate as a waiver thereof, nor will any single or partial exercise of any such right, power or remedy, or any abandonment or discontinuance of steps to enforce such a right, power or remedy, preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies of the Collateral Agent and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights, powers or remedies that they would otherwise have. No waiver of any
provision of this Agreement or consent to any departure by any Loan Party therefrom will in any event be effective unless the same is permitted by paragraph (2) of this Section 7.09, and then such waiver or consent will be effective only in the specific instance and for the purpose for which given.
(2) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Collateral Agent and the Loan Party or Loan Parties with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 10.08 of the Credit Agreement.
Section 7.10. WAIVER OF JURY TRIAL. The provisions of Section 10.11 of the Credit Agreement shall be incorporated by reference herein and apply to each party hereto.
Section 7.11. Severability. In the event any one or more of the provisions contained in this Agreement is held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein will not in any way be affected or impaired thereby.
Section 7.12. Counterparts. This Agreement may be executed in two or more counterparts, each of which will constitute an original but all of which when taken together will constitute but one contract, and will become effective as provided in Section 7.04 hereof. Delivery of an executed counterpart to this Agreement by facsimile or other electronic transmission will be as effective as delivery of a manually signed original.
Section 7.13. Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.
Section 7.14. Jurisdiction; Consent to Service of Process. The provisions of Section 10.15 of the Credit Agreement shall be incorporated by reference herein and apply to each party hereto.
Section 7.15. Termination or Release.
(1) This Agreement, the guarantees made herein, the pledges made herein, the Security Interest and all other security interests granted hereby shall terminate when all the Secured Obligations (other than Secured Obligations in respect of Specified Hedge Agreements, Cash Management Obligations and contingent indemnification and reimbursement obligations, in each case, that are not yet due and payable and for which no claim has been asserted) have been paid in full in cash or immediately available funds and the Lenders have no further commitment to lend under the Credit Agreement, the Revolving L/C Exposure has been reduced to zero and each Issuing Bank has no further obligations to issue Letters of Credit under the Credit Agreement.
(2) A Grantor or a Guarantor that is a Subsidiary shall automatically be released from its obligations hereunder and the security interests in the Collateral of such Grantor or Guarantor shall be automatically released upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Grantor or Guarantor ceases to be a Subsidiary Loan Party or otherwise ceases to be a Guarantor (subject to the limitations on releases of Co-Borrowers set forth in Section 5.13(b) of the Credit Agreement); provided that such portion of the Lenders as are required by the terms of the Credit Agreement to consent to such transaction shall have consented thereto; provided, further, to the extent the Term Loan Security Documents, Second Lien Notes Collateral Documents (as defined in the Junior Lien Intercreditor Agreement) or the Third Lien Notes Collateral Documents (as defined in the Junior Lien Intercreditor Agreement) are in effect on such date, such Grantor or Guarantor (and the security interests in the Collateral in respect thereof) shall be released under such Term Loan Security Documents, Second Lien Notes Collateral Documents and Third Lien Notes Collateral Documents, as applicable, concurrently with the release referred to in this clause (2).
(3) Upon any sale or other transfer by any Grantor of any Collateral that is permitted under the Credit Agreement to any Person that is not a Grantor, or upon the effectiveness of any written consent to the release of the security interest granted hereby in any Collateral pursuant to Section 10.08 of the Credit Agreement or pursuant to Section 5.1 of the ABL/Term Loan/Notes Intercreditor Agreement, the security interest in such Collateral shall be automatically released; provided to the extent the Term Loan Security Documents, Second Lien Notes Collateral Documents or the Third Lien Notes Collateral Documents are in effect on such date, such Grantor (and the security interests in the Collateral in respect thereof) is released under such Term Loan Security Documents, Second Lien Notes Collateral Documents and the Third Lien Notes Collateral Documents, as applicable, concurrently with the release referred to in this clause (3).
(4) In connection with any termination or release pursuant to paragraph (1), (2) or (3) of this Section 7.15, the Collateral Agent shall execute and deliver to any Grantor or Guarantor, at such Grantor’s or Guarantor’s expense, all documents that such Grantor or Guarantor reasonably requests to evidence such termination or release (including UCC termination statements) and will duly assign and transfer to such Grantor or Guarantor such of the Pledged Collateral that may be in the possession of the Collateral Agent (or a designated bailee, in accordance with the ABL/Term Loan Intercreditor Agreement) and has not theretofore been sold or otherwise applied or released pursuant to this Agreement; provided that the Collateral Agent will not be required to take any action under this Section 7.15(4) unless such Grantor or Guarantor shall have delivered to the Collateral Agent together with such request, which may be incorporated into such request: (a) a reasonably detailed description of the Collateral, which in any event is sufficient to effect the appropriate termination or release without affecting any other Collateral and (b) a certificate of a Responsible Officer of the Borrower or such Grantor or Guarantor certifying that the transaction giving rise to such termination or release is permitted by the Credit Agreement and was or is consummated in compliance with the Loan
Documents. Any execution and delivery of documents pursuant to this Section 7.15 shall be without recourse to or warranty by the Collateral Agent.
Section 7.16. Additional Subsidiaries. Upon execution and delivery by the Collateral Agent and any Subsidiary that is required to become a party hereto by Section 5.10 of the Credit Agreement of a supplement in substantially the form of Exhibit I hereto, such Subsidiary will become a Grantor and/or a Guarantor hereunder with the same force and effect as if originally named as a Grantor and/or a Guarantor herein. The execution and delivery of any such supplement will not require the consent of any other party to this Agreement. The rights and obligations of each party to this Agreement will remain in full force and effect notwithstanding the addition of any new party to this Agreement.
Section 7.17. Effect of Amendment and Restatement. This Agreement is intended to and does completely amend and restate, without novation, that certain Term Loan Guarantee and Collateral Agreement, dated October 25, 2013, by the Grantors party thereto in favor of the Collateral Agent (as amended or supplemented prior to the date hereof, the “Original Guarantee and Collateral Agreement”). Notwithstanding the modifications effected by this Agreement of the representations, warranties and covenants of the Grantors and Guarantors contained in the Original Guarantee and Collateral Agreement, the Grantors and Guarantors acknowledge and agree that any causes of action or other rights created in favor of the Collateral Agent and its successors arising out of the representations, warranties and covenants of the Grantors and/or Guarantors party thereto contained in or delivered in connection with the Original Guarantee and Collateral Pledge Agreement shall survive the execution and delivery of this Agreement. All indemnification obligations of the Grantors and Guarantors pursuant to the Original Guarantee and Collateral Agreement (including any arising from a breach of the representations thereunder) shall survive the amendment and restatement of the Original Guarantee and Collateral Agreement pursuant to this Agreement.
Notwithstanding anything herein or in any other Loan Document to the contrary, the parties hereto expressly acknowledge that it is not their intention that the Fourth Amendment to the Credit Agreement, this Agreement or any of the other Loan Documents executed or delivered pursuant to the Fourth Amendment to the Credit Agreement constitute a novation of any of the obligations, covenants or agreements contained in the Original Guarantee and Collateral Agreement or any other Loan Document, but rather constitute a modification thereof or supplement thereto pursuant to the terms contained therein and herein. The Original Guarantee and Collateral Agreement and the other Loan Documents, in each case as amended, modified or supplemented hereby and by the Fourth Amendment to the Credit Agreement, shall be deemed to be continuing agreements among the parties thereto, and all documents, instruments, and agreements delivered, as well as all Liens created, pursuant to or in connection with the Original Guarantee and Collateral Agreement and the other Loan Documents shall remain in full force and effect, each in accordance with its terms (as amended, modified or supplemented by the Fourth Amendment to the Credit Agreement and this Agreement).
[Signature Page Follows]
IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first above written.
GUARANTORS AND GRANTORS:
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MARIPOSA INTERMEDIATE HOLDINGS LLC, | ||
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a Delaware limited liability company | ||
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By: |
/s/ Xxxxx X. Xxxxxxx | |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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NMG SALON HOLDINGS LLC, | ||
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a Delaware limited liability company | ||
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By: |
/s/ Xxxxx X. Xxxxxxx | |
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Name: Xxxxx X. Xxxxxxx | |
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Title: President | |
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NMG CALIFORNIA SALON LLC, | ||
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a California limited liability company | ||
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By: |
/s/ Xxxxx X. Xxxxxxx | |
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Name: Xxxxx X. Xxxxxxx | |
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Title: Senior Vice President | |
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NMG FLORIDA SALON LLC, | ||
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a Florida limited liability company | ||
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By: |
/s/ Xxxxx X. Xxxxxxx | |
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Name: Xxxxx X. Xxxxxxx | |
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Title: Senior Vice President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
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NMG SALONS LLC, | |
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a Delaware limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Senior Vice President |
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NMG TEXAS SALON LLC, | |
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a Texas limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Senior Vice President |
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BG PRODUCTIONS, INC., | |
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a Delaware corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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MARIPOSA BORROWER, INC., | |
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a Delaware corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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NM BERMUDA, LLC, | |
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a Delaware limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
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NMG GLOBAL MOBILITY, INC., | |
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a Delaware corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
GRANTORS: |
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THE NEIMAN MARCUS GROUP LLC, | |
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a Delaware limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Senior Vice President |
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THE NMG SUBSIDIARY LLC, | |
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a Delaware limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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NEMA BEVERAGE CORPORATION, | |
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a Texas corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: President |
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NEMA BEVERAGE HOLDING CORPORATION, | |
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a Texas corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
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NEMA BEVERAGE PARENT CORPORATION, | |
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a Texas corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: President |
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BERGDORF XXXXXXX INC., | |
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a New York corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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BERGDORF GRAPHICS, INC., | |
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a New York corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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NM FINANCIAL SERVICES, INC., | |
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a Delaware corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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NM NEVADA TRUST, | |
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a Massachusetts Trust | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
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NMGP, LLC, | |
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a Virginia limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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WORTH AVENUE LEASING COMPANY, | |
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a Florida corporation | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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a Delaware limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
GUARANTORS: |
NMG TERM LOAN PROPCO LLC, | |
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a Delaware limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
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NMG NOTES PROPCO LLC, | |
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a Delaware limited liability company | |
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: Xxxxx X. Xxxxxxx |
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Title: Vice President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
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DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent and Collateral Agent | |
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By: |
/s/ Xxxxxxxxxx Xxxxxx |
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Name: Xxxxxxxxxx Xxxxxx |
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Title: Vice President |
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By: |
/s/ Xxxxxxx Xxxxxxx |
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Name: Xxxxxxx Xxxxxxx |
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Title: Vice President |
[Signature Page to Amended and Restated ABL Guarantee and Collateral Agreement]
Exhibit I
to Guarantee and
Collateral Agreement
SUPPLEMENT NO. dated as of (this “Supplement”), to [(a) the Amended and Restated ABL Guarantee and Collateral Agreement dated as of June 7, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, this “Agreement”), among the Grantors party thereto, each of the Guarantors party thereto, and DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent for the Lenders under the Credit Agreement referred to below (in such capacity, the “Administrative Agent”) and as Collateral Agent for the Secured Parties (as defined therein) (in such capacity, the “Collateral Agent”)[ and (b) the Intercreditor Agreements]].(1)
(1) Reference is made to (a) that certain REVOLVING CREDIT AGREEMENT, dated as of October 25, 2013 (as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, including on the Fourth Amendment Effective Date, the “Credit Agreement”), among MARIPOSA INTERMEDIATE HOLDINGS LLC, a Delaware limited liability company (“Holdings”), NEIMAN MARCUS GROUP LTD LLC, a Delaware limited liability company (the “Borrower”), the Lenders party thereto from time to time and DEUTSCHE BANK AG NEW YORK BRANCH, as Administrative Agent and as Collateral Agent and (b) that certain ABL/Term Loan/Notes Intercreditor Agreement dated as of June 7, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “ABL/Term Loan/Notes Intercreditor Agreement”), among Deutsche Bank AG New York Branch, as an ABL Agent (as defined therein), Credit Suisse AG, Cayman Islands Branch, as a Term Loan Agent (as defined therein), Ankura Trust Company, LLC, as New Second Lien Notes Collateral Agent (as defined therein) and Wilmington Trust, National Association, as New Third Lien Notes Collateral Agent (as defined therein) and acknowledged by Holdings, the Borrower and the Subsidiaries from time to time party thereto.
(1) Capitalized terms used herein and not otherwise defined herein will have the meanings assigned to such terms in the Guarantee and Collateral Agreement referred to therein.
(2) The Grantors and Guarantors have entered into the Guarantee and Collateral Agreement in order to induce the Lenders to make Loans, each Issuing Bank to issue Letters of Credit and each Agent and Lender and their respective Affiliates to extend financial accommodations pursuant to any Specified Hedge Agreement or any agreement constituting a Cash Management Obligation under the Credit Agreement. Section 7.16 of the Guarantee and Collateral Agreement provides that additional Subsidiaries may become Subsidiary Loan Parties under the Guarantee and Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. [The Intercreditor Agreement provides that additional Subsidiaries may become Grantors
(1) Retain bracketed terms if New Subsidiary is also joining the Intercreditor Agreement pursuant to this Supplement.
and/or Guarantors, as applicable, under the Intercreditor Agreement by execution and delivery of an instrument in the form of this Supplement.] The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become [(x)] a Subsidiary Loan Party under the Guarantee and Collateral Agreement[ and (y) a Grantor under the Intercreditor Agreement, in each case] in order to induce the Lenders to make additional Loans, each Issuing Bank to issue additional Letters of Credit and each Agent and Lender and their respective Affiliates to extend financial accommodations pursuant to any Specified Hedge Agreement or any agreement constituting a Cash Management Obligation (if available under the Credit Agreement), and as consideration for any such financial accommodations previously made or issued under the Credit Agreement.
Accordingly, the Administrative Agent and the New Subsidiary agree as follows:
SECTION 1. [(a)] In accordance with Section 7.16 of the Guarantee and Collateral Agreement, the New Subsidiary by its signature below becomes a Subsidiary Loan Party, a Guarantor and a Grantor under the Guarantee and Collateral Agreement with the same force and effect as if originally named therein as a Subsidiary Loan Party, a Guarantor and a Grantor, and the New Subsidiary hereby [(1)] agrees to all the terms and provisions of the Guarantee and Collateral Agreement applicable to it as a Subsidiary Loan Party, a Guarantor and a Grantor thereunder [and (2) represents and warrants that the representations and warranties made by it as a Grantor in Section 3.03 and Section 4.02 thereof are true and correct, in all material respects, on and as of the date hereof](2). In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Secured Obligations (as defined in the Guarantee and Collateral Agreement), does hereby create and grant to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and Lien on all the New Subsidiary’s right, title and interest in and to the Collateral (as defined in and to the extent required by the Guarantee and Collateral Agreement) of the New Subsidiary. Each reference to a “Subsidiary Loan Party,” a “Guarantor,” or a “Grantor” in the Guarantee and Collateral Agreement shall be deemed to include the New Subsidiary. The Guarantee and Collateral Agreement is hereby incorporated herein by reference.
(b) [In accordance with Section 9.3 of the ABL/Term Loan/Notes Intercreditor Agreement, the New Subsidiary by its signature below becomes a party to the ABL/Term Loan/Notes Intercreditor Agreement as a Grantor thereunder for all purposes thereof on the terms set forth therein, and agrees, for the enforceable benefit of all existing and future ABL Lenders (as defined in the ABL/Term Loan/Notes Intercreditor Agreement), all existing and future Term Loan Lenders (as defined in the Intercreditor Agreement) and all existing and future Existing Noteholders (as defined in the ABL/Term Loan/Notes Intercreditor Agreement) that it is bound by the terms, conditions and provisions of the ABL/Term Loan/Notes Intercreditor Agreement as fully as if the undersigned had executed and delivered the ABL/Term Loan/Notes Intercreditor Agreement as of the date thereof. This Supplement shall
(2) Clause (2) to be included after the Fourth Amendment Effective Date.
constitute an Intercreditor Agreement Joinder under (and as defined in) the ABL/Term Loan/Notes Intercreditor Agreement.]
SECTION 2. The New Subsidiary represents and warrants to the Administrative Agent and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to (1) the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally; (2) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (3) implied covenants of good faith and fair dealing.
SECTION 3. This Agreement may be executed in two or more counterparts, each of which will constitute an original but all of which when taken together constitutes but one contract. This Supplement will become effective when the Collateral Agent receives a counterpart (whether by electronic transmission or otherwise) of this Supplement that bears the signature of the New Subsidiary.
SECTION 4. The New Subsidiary hereby represents and warrants as of the date hereof that:
(1) set forth on Schedule I attached hereto is a true and correct schedule of all the Pledged Securities of the New Subsidiary as of the date hereof;
(2) set forth on Schedule II attached hereto is a true and correct schedule of all of the material Patents, registered Trademarks and registered Copyrights of the New Subsidiary as of the date hereof;
(3) set forth on Schedule IV attached hereto is a true and correct schedule of all Commercial Tort Claims of the New Subsidiary individually in excess of $5.0 million as of the date hereof; and
(4) set forth under its signature hereto, is the true and correct legal name of the New Subsidiary, its jurisdiction of formation and the location of its chief executive office.
SECTION 5. Except as expressly supplemented hereby, the Guarantee and Collateral Agreement shall remain in full force and effect.
SECTION 6. THIS SUPPLEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR CONFLICTS OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION).
SECTION 7. In the event any one or more of the provisions contained in this Supplement are held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guarantee and Collateral Agreement will not in any way be affected or impaired thereby. The parties will endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions.
SECTION 8. All communications and notices hereunder will be in writing and given as provided in Section 7.01 of the Guarantee and Collateral Agreement. The address of the New Subsidiary for purposes of all notices and other communications under the Intercreditor Agreement is [·], Attention of [·] (Facsimile No. [·][, electronic mail address: [·]]).
SECTION 9. The New Subsidiary agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, disbursements and other charges of counsel for the Collateral Agent.
IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent and Collateral Agent have duly executed this Supplement to the Guarantee and Collateral Agreement as of the day and year first above written.
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[Name of New Subsidiary] | |
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By: |
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Name: |
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Title: |
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Legal Name: | |
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Jurisdiction of Formation: | |
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Location of Chief Executive Office: |
Schedule I
to Supplement No. to the
Guarantee and
Collateral Agreement
Pledged Securities of the New Subsidiary
EQUITY INTERESTS
Number of Issuer |
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Registered Owner |
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Number and Class of |
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Percentage of Equity |
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DEBT SECURITIES
Issuer |
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Principal Amount |
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Date of Note |
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Maturity Date |
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Schedule II
to Supplement No. to the
Guarantee and
Collateral Agreement
PATENTS, TRADEMARKS AND COPYRIGHTS
Exhibit II
to Guarantee and
Collateral Agreement
FORM OF TRADEMARK SECURITY AGREEMENT
This TRADEMARK SECURITY AGREEMENT is dated as of [ ], by [·] (each, individually, a “Grantor” and, collectively, the “Grantors”), in favor of Deutsche Bank AG New York Branch, in its capacity as administrative agent and collateral agent (in such capacity, the “Collateral Agent”).
W I T N E S S E T H:
WHEREAS, the Grantors are party to that certain Amended and Restated ABL Guarantee and Collateral Agreement dated as of June 7, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the Collateral Agent, pursuant to which the Grantors are required to execute and deliver this Trademark Security Agreement.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Grantors hereby agree with the Collateral Agent as follows:
SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meanings given to them in the Security Agreement.
SECTION 2. Grant of Security Interest in Trademark Collateral. As security for the payment or performance when due (whether at stated maturity, by acceleration or otherwise), as the case may be, in full of the Secured Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title, and interest in or to any and all of the following Intellectual Property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Trademark Collateral”):
(a) all trademarks, service marks, corporate names, company names, business names, fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all registrations thereof (if any), and all registration applications filed in connection therewith, including registrations and registration applications in the United States Patent and Trademark Office or any similar offices in any State of the United States or any other country or any political
subdivision thereof (except for “intent-to-use” applications for trademark or service xxxx registrations filed pursuant to Section 1(b) of the Xxxxxx Act, 15 U.S.C. § 1051, unless and until an Amendment to Allege Use or a Statement of Use under Sections 1(c) and 1(d) of the Xxxxxx Act has been filed, to the extent that, and solely during the period for which, any assignment of an “intent-to-use” application prior to such filing would violate the Xxxxxx Act), and all renewals thereof, including those listed on Schedule I;
(b) all goodwill associated therewith or symbolized thereby;
(c) all claims for, and rights to xxx for, past or future infringements of any of the foregoing; and
(d) all income, royalties, damages and payments now or hereafter due and payable with respect to any of the foregoing, including damages and payments for past or future infringement thereof.
SECTION 3. Security Agreement. The security interest granted pursuant to this Trademark Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Trademark Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Trademark Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.
SECTION 4. Recordation. This Trademark Security Agreement has been executed and delivered by the Grantors for the purpose of recording the grant of security interest herein with the United States Patent and Trademark Office. Each Grantor authorizes and requests that the Commissioner of Trademarks record this Trademark Security Agreement.
SECTION 5. Counterparts. This Trademark Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Trademark Security Agreement by signing and delivering one or more counterparts.
SECTION 6. Governing Law. THIS TRADEMARK SECURITY AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR CONFLICTS OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION).
IN WITNESS WHEREOF, each Grantor has caused this Trademark Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.
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[ ], | |
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as Grantor | |
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By: |
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Name: |
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Title: |
Accepted and Agreed: |
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DEUTSCHE BANK AG NEW YORK BRANCH, |
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as Collateral Agent |
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By: |
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Name: |
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Title: |
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By: |
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Name: |
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Title: |
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Exhibit III
to Guarantee and
Collateral Agreement
FORM OF PATENT SECURITY AGREEMENT
This PATENT SECURITY AGREEMENT is dated as of [ ], by [·] (each, individually, a “Grantor” and, collectively, the “Grantors”), in favor of Deutsche Bank AG New York Branch, in its capacity as administrative agent and collateral agent (in such capacity, the “Collateral Agent”).
W I T N E S S E T H:
WHEREAS, the Grantors are party to that certain Amended and Restated ABL Guarantee and Collateral Agreement dated as of June 7, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the Collateral Agent, pursuant to which the Grantors are required to execute and deliver this Patent Security Agreement.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Grantors hereby agree with the Collateral Agent as follows:
SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meanings given to them in the Security Agreement.
SECTION 2. Grant of Security Interest in Patent Collateral. As security for the payment or performance when due (whether at stated maturity, by acceleration or otherwise), as the case may be, in full of the Secured Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title, and interest in or to any and all of the following Intellectual Property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Patent Collateral”):
(a) all letters patent of the United States or the equivalent thereof in any other country or jurisdiction, including those listed on Schedule I, and all applications for letters patent of the United States or the equivalent thereof in any other country or jurisdiction, including those listed on Schedule I;
(b) all provisionals, reissues, extensions, continuations, divisions, continuations-in-part, reexaminations or revisions thereof, and the inventions disclosed or claimed therein, including the right to make, use, import and/or sell the inventions disclosed or claimed therein;
(c) all claims for, and rights to xxx for, past or future infringements of any of the foregoing; and
(d) all income, royalties, damages and payments now or hereafter due and payable with respect to any of the foregoing, including damages and payments for past or future infringement thereof.
SECTION 3. Security Agreement. The security interest granted pursuant to this Patent Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Patent Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Patent Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.
SECTION 4. Recordation. This Patent Security Agreement has been executed and delivered by the Grantors for the purpose of recording the grant of security interest herein with the United States Patent and Trademark Office. The Grantor authorizes and requests that the Commissioner of Patents record this Patent Security Agreement.
SECTION 5. Counterparts. This Patent Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Patent Security Agreement by signing and delivering one or more counterparts.
SECTION 6. Governing Law. THIS PATENT SECURITY AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR CONFLICTS OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION).
[Signature page follows]
IN WITNESS WHEREOF, each Grantor has caused this Patent Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.
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[ ], | |
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as Grantor | |
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By: |
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Name: |
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Title: |
Accepted and Agreed: |
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DEUTSCHE BANK AG NEW YORK BRANCH, |
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as Collateral Agent |
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By: |
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Name: |
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Title: |
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By: |
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Name: |
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Title: |
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Exhibit IV
to Guarantee and
Collateral Agreement
FORM OF COPYRIGHT SECURITY AGREEMENT
This COPYRIGHT SECURITY AGREEMENT is dated as of [ ], by [·] (each, individually, a “Grantor” and, collectively, the “Grantors”), in favor of Deutsche Bank AG New York Branch, in its capacity as administrative agent and collateral agent (in such capacity, the “Collateral Agent”).
W I T N E S S E T H:
WHEREAS, the Grantors are party to that certain Amended and Restated ABL Guarantee and Collateral Agreement dated as of June 7, 2019 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Security Agreement”) in favor of the Collateral Agent, pursuant to which the Grantors are required to execute and deliver this Copyright Security Agreement.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Grantors hereby agree with the Collateral Agent as follows:
SECTION 1. Defined Terms. Unless otherwise defined herein, terms defined in the Security Agreement and used herein have the meanings given to them in the Security Agreement.
SECTION 2. Grant of Security Interest in Copyright Collateral. As security for the payment or performance when due (whether at stated maturity, by acceleration or otherwise), as the case may be, in full of the Secured Obligations, each Grantor hereby pledges to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, and hereby grants to the Collateral Agent, its successors and permitted assigns, for the benefit of the Secured Parties, a security interest in all of such Grantor’s right, title, and interest in or to any and all of the following Intellectual Property now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (collectively, the “Copyright Collateral”):
(a) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise;
(b) all registrations and applications for registration of any such copyright in the United States or any other country, including registrations, supplemental registrations and pending applications for registration in the United States Copyright Office and the right to obtain all renewals thereof, including those listed on Schedule I;
(c) all claims for, and rights to xxx for, past or future infringements of any of the foregoing; and
(d) all income, royalties, damages and payments now or hereafter due and payable with respect to any of the foregoing, including damages and payments for past or future infringement thereof.
SECTION 3. Security Agreement. The security interest granted pursuant to this Copyright Security Agreement is granted in conjunction with the security interest granted to the Collateral Agent pursuant to the Security Agreement and the Grantors hereby acknowledge and affirm that the rights and remedies of the Collateral Agent with respect to the security interest in the Copyright Collateral made and granted hereby are more fully set forth in the Security Agreement, the terms and provisions of which are incorporated by reference herein as if fully set forth herein. In the event that any provision of this Copyright Security Agreement is deemed to conflict with the Security Agreement, the provisions of the Security Agreement shall control.
SECTION 4. Recordation. This Copyright Security Agreement has been executed and delivered by the Grantors for the purpose of recording the grant of security interest herein with the United States Copyright Office. Each Grantor authorizes and requests that the United States Copyright Office record this Copyright Security Agreement.
SECTION 5. Counterparts. This Copyright Security Agreement may be executed in any number of counterparts, all of which shall constitute one and the same instrument, and any party hereto may execute this Copyright Security Agreement by signing and delivering one or more counterparts.
SECTION 6. Governing Law. THIS COPYRIGHT SECURITY AGREEMENT AND ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (EXCEPT FOR CONFLICTS OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION).
[Signature page follows]
IN WITNESS WHEREOF, each Grantor has caused this Copyright Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above.
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[ ], | |
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as Grantor | |
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By: |
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Name: |
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Title: |
Accepted and Agreed: |
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DEUTSCHE BANK AG NEW YORK BRANCH, |
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as Agent |
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By: |
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Name: |
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Title: |
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By: |
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Name: |
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Title: |
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SCHEDULE I
PLEDGED STOCK
Grantor |
|
Issuer |
|
Type of |
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Jurisdiction of |
|
# of Shares |
|
Total Shares |
|
% of Interest |
|
Certificate No. |
|
Par |
Mariposa Intermediate Holdings LLC |
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Limited Liability Company |
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Delaware |
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1 Unit |
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1 |
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100% |
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Uncertificated |
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N/A | |
Neiman Marcus Group LTD LLC (f/k/a Neiman Marcus Group LTD Inc.) |
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Mariposa Borrower, Inc. |
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Corporation |
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Delaware |
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10 |
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10 |
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100% |
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1 |
|
$0.001 |
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The Neiman Marcus Group LLC |
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Limited Liability Company |
|
Delaware |
|
100 Units |
|
100 |
|
100% |
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Uncertificated |
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N/A | |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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NM Financial Services, Inc. |
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Corporation |
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Delaware |
|
10 |
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10 |
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100% |
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1 |
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No par value |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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NM Nevada Trust |
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Trust |
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Massachusetts |
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1 |
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100 |
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100% |
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1 |
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No par value |
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|
|
89 |
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|
|
005 |
| |||||||
Bergdorf Xxxxxxx Inc. |
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|
|
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1 |
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100% |
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2 |
|
No par value | ||||
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|
|
|
9 |
|
|
|
006 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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NMGP, LLC |
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Limited liability company |
|
Virginia |
|
100 Units |
|
100 |
|
100% |
|
Uncertificated |
|
N/A |
Grantor |
|
Issuer |
|
Type of |
|
Jurisdiction of |
|
# of Shares |
|
Total Shares |
|
% of Interest |
|
Certificate No. |
|
Par |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
|
Worth Avenue Leasing Company |
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Corporation |
|
Florida |
|
10 |
|
10 |
|
100% |
|
1 |
|
$1.00 |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
|
BG Productions, Inc. |
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Corporation |
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Delaware |
|
100 |
|
100 |
|
100% |
|
1 |
|
$1.00 |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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NM Bermuda, LLC |
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Limited Liability Company |
|
Delaware |
|
N/A |
|
N/A |
|
100% |
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Uncertificated |
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N/A |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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NEMA Beverage Parent Corporation |
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Corporation |
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Texas |
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100 |
|
100 |
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100% |
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1 |
|
$1.00 |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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Bergdorf Xxxxxxx Inc. |
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Corporation |
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New York |
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1000 |
|
1000 |
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100% |
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4 |
|
$1.00 |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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NMG Global Mobility, Inc. |
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Corporation |
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Delaware |
|
100 |
|
100 |
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100% |
|
1 |
|
$1.00 |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
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Neiman Marcus Bermuda, L.P. |
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Limited Partnership |
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Bermuda |
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N/A; 99% |
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N/A |
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100% |
|
Uncertificated |
|
N/A |
NM Bermuda, LLC |
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|
|
|
N/A; 1% |
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|
100% |
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NEMA Beverage Parent Corporation |
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NEMA Beverage Holding Corporation |
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Corporation |
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Texas |
|
100 |
|
100 |
|
100% |
|
1 |
|
$1.00 |
Grantor |
|
Issuer |
|
Type of |
|
Jurisdiction of |
|
# of Shares |
|
Total Shares |
|
% of Interest |
|
Certificate No. |
|
Par |
NEMA Beverage Holding Corporation |
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NEMA Beverage Corporation |
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Corporation |
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Texas |
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100 |
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100 |
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100% |
|
003 |
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$1.00 |
Bergdorf Xxxxxxx Inc. |
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Bergdorf Graphics, Inc. |
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Corporation |
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New York |
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200 |
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200 |
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100% |
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4 |
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$0.01 |
The Neiman Marcus Group LLC |
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NMG Salon Holdings LLC |
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Limited Liability Company |
|
Delaware |
|
100 Units |
|
100 |
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100% |
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Uncertificated |
|
N/A |
NMG Salon Holdings LLC |
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NMG Salons LLC |
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Limited Liability Company |
|
Delaware |
|
100 Units |
|
100 |
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100% |
|
Uncertificated |
|
N/A |
NMG Salon Holdings LLC |
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NMG Florida Salon LLC |
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Limited Liability Company |
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Florida |
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100 Units |
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100 |
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100% |
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Uncertificated |
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N/A |
NMG Salon Holdings LLC |
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NMG California Salon LLC |
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Limited Liability Company |
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California |
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100 Units |
|
100 |
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100% |
|
Uncertificated |
|
N/A |
NMG Salon Holdings LLC |
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NMG Texas Salon LLC |
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Limited Liability Company |
|
Texas |
|
100 Units |
|
100 |
|
100% |
|
Uncertificated |
|
N/A |
The Neiman Marcus Group LLC |
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The NMG Subsidiary LLC |
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Limited Liability Company |
|
Delaware |
|
100 Units |
|
N/A |
|
100% |
|
Uncertificated |
|
N/A |
The Neiman Marcus Group LLC |
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Fashionphile Group, LLC |
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Limited Liability Company |
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Delaware |
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170,000 units (13.655% as of 5/17/19) |
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1,244,983 |
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100% |
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Uncertificated |
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N/A |
The Neiman Marcus Group LLC |
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NMG Term Loan PropCo LLC |
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Limited Liability Company |
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Delaware |
|
100 Units |
|
N/A |
|
100% |
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Uncertificated |
|
N/A |
The Neiman Marcus Group LLC |
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NMG Notes PropCo LLC |
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Limited Liability Company |
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Delaware |
|
100 Units |
|
N/A |
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100% |
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Uncertificated |
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N/A |
DEBT SECURITIES
1. That certain Intercompany Note, dated as of June 7, 2019, by and among each Payor (as defined therein) and each Maker (as defined therein).
2. Intercompany receivable held by NM Nevada Trust from The Neiman Marcus Group LLC, which was approximately $2,880,299,470 as of May 31, 2019.
3. Intercompany receivable held by NM Nevada Trust from Bergdorf Xxxxxxx Inc., which was approximately $473,027,518 as of May 31, 2019
SCHEDULE II
INTELLECTUAL PROPERTY
U.S. COPYRIGHTS
Title |
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Registration Number |
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Registration Date |
|
Owner | ||
1. |
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Another perspective / from Horchow. |
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TX0000887328 |
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12/30/1981 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
2. |
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Horchow : the Horchow collection. |
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TX0000896363 |
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12/30/1981 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
3. |
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Horchow : the Horchow collection. |
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CSN0041062 |
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1989 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
4. |
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Grand Finale : sales, close-outs & special values from famous companies. |
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CSN0040942 |
|
1989 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
5. |
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Grand Finale : sales, close-outs & special values from famous companies. |
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TX0000884099 |
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1/15/1982 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
6. |
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Horchow : the Horchow collection. |
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TX0000000000 |
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1/17/1983 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
7. |
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Grand Finale : sales, close-outs & special values from famous companies. |
|
TX0001047557 |
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1/17/1983 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
8. |
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Grand Finale : sales, close-outs & special values from famous companies. |
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TX0001385994 |
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1/26/1984 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
9. |
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SGF : savings on gifts and furnishings. |
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TX0001398214 |
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1/26/1984 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
10. |
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Horchow : the Horchow collection. |
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TX0000000000 |
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9/1/1984 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
11. |
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Horchow : the Horchow collection. |
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TX0001530547 |
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1/15/1985 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
Title |
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Registration Number |
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Registration Date |
|
Owner | ||
12. |
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Grand Finale : sales, close-outs & special values from famous companies. |
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TX0001530546 |
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1/15/1985 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
13. |
|
SGF : savings on gifts and furnishings. |
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TX0001511561 |
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1/15/1985 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
14. |
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Horchow : the Horchow collection. |
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TX0001741166 |
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1/21/1986 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
15. |
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Grand Finale : sales, close-outs & special values from famous companies. |
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TX0001741165 |
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1/21/1986 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
16. |
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SGF : savings on gifts and furnishings. |
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TX0001741167 |
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1/21/1986 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
17. |
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Horchow : the Horchow collection. |
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TX0000000000 |
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3/16/1987 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
18. |
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Grand Finale : sales, close-outs & special values from famous companies. |
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TX0002014499 |
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3/16/1987 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
19. |
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SGF : savings on gifts and furnishings. |
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TX0002024695 |
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3/16/1987 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
20. |
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Horchow : the Horchow collection. |
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TX0002237683 |
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2/1/1988 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
21. |
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Grand Finale : sales, close-outs & special values from famous companies. |
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TX0002237685 |
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2/1/1988 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
22. |
|
SGF : savings on gifts and furnishings. |
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TX0002237684 |
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2/1/1988 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
23. |
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Horchow : the Horchow collection. |
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TX0002498718 |
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2/2/1989 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
24. |
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Grand Finale : sales, close-outs & special values from famous companies. |
|
TX0002493968 |
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2/2/1989 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
Title |
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Registration Number |
|
Registration Date |
|
Owner | ||
25. |
|
Horchow : the Horchow collection. |
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TX0002494068 |
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2/2/1989 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
26. |
|
Trifles : [catalogue]. |
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TX0002498719 |
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2/2/1989 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
27. |
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Trifles : [catalogue]. |
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CSN0042553 |
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1989 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
28. |
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SGF : savings on gifts and furnishings. |
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TX0002498720 |
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2/2/1989 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
29. |
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Xxxxxx-Xxxxxx situational selling. |
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TX0000797196 |
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5/29/1981 |
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The Neiman Marcus Group LLC |
30. |
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Pure & simple : an InCircle cookbook |
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TX0003201185 |
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10/28/1991 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
31. |
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Easter candletower. |
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VA0000489022 |
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2/19/1992 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
32. |
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Pigtails and froglegs : a family cookbook from Neiman Marcus. |
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TX0003623121 |
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9/16/1993 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
33. |
|
Jeweled tiger ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20001 |
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VA0001172404 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
34. |
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Tiger print. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20002 |
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VA0001172405 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
35. |
|
Jungle Harlequin. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20008 |
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VA0000000000 |
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1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
36. |
|
Amber crystal turtle. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM200034 |
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VA0001172407 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
Title |
|
Registration Number |
|
Registration Date |
|
Owner | ||
37. |
|
Mahogany egg. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20004 |
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VA0001172406 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
38. |
|
Amber scallops. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM2006 |
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VA0001172409 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
39. |
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Jungle florentine. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20009 |
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VA0000000000 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
40. |
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Amber jeweled egg. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20010 |
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VA0001172439 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
41. |
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Green jeweled egg. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20011 |
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VA0001172438 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
42. |
|
Red jeweled egg. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20012 |
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VA0001172437 |
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1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
43. |
|
Small golden finial ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20016 |
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VA0001172412 |
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1/31/2003 |
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The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
44. |
|
Large plum finial ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20018 |
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VA0001172410 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
45. |
|
Large red finial ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20020 |
|
VA0001172394 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
46. |
|
Large topaz finial ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20019 |
|
VA0001172395 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
47. |
|
Bejeweled butterfly ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20021 |
|
VA0001172431 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
48. |
|
Salamander egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20024 |
|
VA0001172430 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
49. |
|
Dragonfly egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20025 |
|
VA0001172435 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
Title |
|
Registration Number |
|
Registration Date |
|
Owner | ||
50. |
|
Starburst heart ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20026 |
|
VA0001172434 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
51. |
|
Jeweled heart ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20027 |
|
VA0001172433 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
52. |
|
Plum ball ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20028 |
|
VA0000000000 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
53. |
|
Red crystal ball ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; 20029 |
|
VA0001172445 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
54. |
|
Plum ball ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20030 |
|
VA0001172444 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
55. |
|
Xxx Xxxxxxxxxxx Christmas ornament, gold moon/stars, NM20033. Title: Gold moons and stars. |
|
VA0001172443 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
56. |
|
Amber xxxxx xxxx ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20034 |
|
VA0001172442 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
57. |
|
Red xxxxx xxxx ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20035 |
|
VA0001172441 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
58. |
|
Plum swirls ball ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20036 |
|
VA0000000000 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
59. |
|
Red swirls ball ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20037 |
|
VA0001172415 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
60. |
|
Red glass heart ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20038 |
|
VA0001172414 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
61. |
|
Red jeweled ball ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20039 |
|
VA0001172413 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
62. |
|
Jeweled gift ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20040 |
|
VA0001172436 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
Title |
|
Registration Number |
|
Registration Date |
|
Owner | ||
63. |
|
Red bow egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20041 |
|
VA0001172398 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
64. |
|
Red scallop ball ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20042 |
|
VA0001172397 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
65. |
|
Red phoenix egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20043 |
|
VA0001172396 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
66. |
|
Red scroll egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20045 |
|
VA0001172425 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
67. |
|
Plum lattice heart ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20046 |
|
VA0000000000 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
68. |
|
Red frog egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20047 |
|
VA0001172423 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
69. |
|
Green frog egg. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20048 |
|
VA0001172417 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
70. |
|
Red turtle egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20049 |
|
VA0001172402 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
71. |
|
Green turtle egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20050 |
|
VA0001172401 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
72. |
|
Red butterfly egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20051 |
|
VA0001172400 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
73. |
|
Green butterfly ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20052 |
|
VA0001172399 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
74. |
|
Red f[l]orentine star. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20053 |
|
VA0001172422 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
75. |
|
Baby’s first Christmas ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20054 |
|
VA0001172421 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
Title |
|
Registration Number |
|
Registration Date |
|
Owner | ||
76. |
|
Red Florentine egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20056 |
|
VA0001172420 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
77. |
|
Purple moons/stars ball. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20057 |
|
VA0001172419 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
78. |
|
Red moons/stars ball. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20058 |
|
VA0001172418 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
79. |
|
Salamander egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20059 |
|
VA0001172429 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
80. |
|
Dark xxxxx xxxxxxxxxx star. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20060 |
|
VA0001172428 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
81. |
|
Plum florentine star. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20061 |
|
VA0001172427 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
82. |
|
Plum xxxxx xxxx ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament ; NM20062 |
|
VA0001172426 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
83. |
|
Red scroll egg ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20066 |
|
VA0001172403 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
84. |
|
Small red finial ornament. Series: Xxx Xxxxxxxxxxx Christmas ornament, NM20017 |
|
VA0001172411 |
|
1/31/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
85. |
|
Neiman Marcus cookbook / Xxxxx Xxxxxx, with Xxxx Xxxxxxxxx ; photography by Xxxxx Xxxxxxxxx. |
|
TX0005786833 |
|
11/10/2003 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
86. |
|
Neiman Marcus Taste: Timeless American Recipes. |
|
TX0006840535 |
|
1/10/2008 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
87. |
|
Neiman Marcus Pop-Up Book. |
|
TX0006961127 |
|
1/10/2008 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
88. |
|
Orchard apple with walnuts & xxxxxx : no. 8533 : net wt. 16 oz. (1 lb.) (454 g) |
|
VA0000410146 |
|
4/23/1990 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) and Vanex, Inc. |
Title |
|
Registration Number |
|
Registration Date |
|
Owner | ||
89. |
|
Trifles : [catalogue]. |
|
TX0002237682
[CSN0042553] |
|
2/1/1988 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
90. |
|
Trifles : [catalogue]. |
|
TX0002024718
[CSN0042553] |
|
3/16/1987 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
91. |
|
Trifles : [catalogue]. |
|
TX0001741168
[CSN0042553] |
|
1/21/1986 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
92. |
|
Trifles : [catalogue]. |
|
TX0000000000
[CSN0042553] |
|
1/15/1985 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
93. |
|
Trifles : [catalogue]. |
|
TX0001293988
[CSN0042553] |
|
1/9/1984 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
94. |
|
Trifles : [catalogue]. |
|
TX0001047523
[CSN0042553] |
|
1/17/1983 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
95. |
|
Trifles : [catalogue]. |
|
TX0000887327
[CSN0042553] |
|
12/30/1981 |
|
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) d/b/a Horchow Mail Order, Inc. |
U.S. PATENTS
None.
FOREIGN PATENTS
None.
U.S. TRADEMARKS
|
|
Trademark/Image if any |
|
Application Number |
|
Registration |
|
Status |
|
Owner |
1. |
|
745 CAFÉ |
|
74077475 |
|
1705974 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
2. |
|
ALL HEART NMG ASSOCIATES FOR A CAUSE
|
|
86826384 |
|
5025701 |
|
REGISTERED |
|
NM Nevada Trust |
3. |
|
BERGDORF XXXXXXX |
|
72269394 |
|
0845203 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
4. |
|
BERGDORF XXXXXXX |
|
72466163 |
|
0992733 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
5. |
|
BERGDORF XXXXXXX |
|
72028482 |
|
0674632 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
6. |
|
BERGDORF XXXXXXX
|
|
86872976 |
|
4998301 |
|
REGISTERED |
|
NM Nevada Trust |
|
|
Trademark/Image if any |
|
Application Number |
|
Registration |
|
Status |
|
Owner |
7. |
|
BG STYLE EXPERTS |
|
88181539 |
|
— |
|
PENDING ITU |
|
NM Nevada Trust |
8. |
|
CRAZY GOOD CHEER |
|
88181583 |
|
— |
|
PENDING ITU |
|
NM Nevada Trust |
9. |
|
C CUSP |
|
87462201 |
|
5359950 |
|
REGISTERED |
|
NM Nevada Trust |
10. |
|
CUSP |
|
76661018 |
|
3472762 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
11. |
|
Design Only |
|
76676700 |
|
3587563 |
|
REGISTERED |
|
NM Nevada Trust |
12. |
|
Design Only |
|
73079389 |
|
1152461 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
|
|
Trademark/Image if any |
|
Application Number |
|
Registration |
|
Status |
|
Owner |
13. |
|
Design Only |
|
73256304 |
|
1185014 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
14. |
|
XXXXXXX’X |
|
86478230 |
|
4739199 |
|
REGISTERED |
|
NM Nevada Trust |
15. |
|
GRAND FINALE |
|
73769815 |
|
1558578 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
16. |
|
HOLIDAY GLORIES |
|
78198064 |
|
2857879 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
17. |
|
HORCHOW |
|
74099076 |
|
1673768 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
18. |
|
HORCHOW |
|
74098916 |
|
1651562 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
19. |
|
HORCHOW
|
|
73347133 |
|
1249400 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
20. |
|
HORCHOW
|
|
73347132 |
|
1262784 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
21. |
|
HORCHOW FINALE
|
|
76390251 |
|
2688395 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
22. |
|
HORCHOW GIFT CARD |
|
8633328 |
|
4679072 |
|
REGISTERED |
|
NM Nevada Trust |
|
|
Trademark/Image if any |
|
Application Number |
|
Registration |
|
Status |
|
Owner |
23. |
|
INCIRCLE |
|
87666809 |
|
5630717 |
|
REGISTERED |
|
NM Nevada Trust |
24. |
|
INCIRCLE ENTRÉE |
|
75606548 |
|
2302197 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
25. |
|
LAST CALL |
|
00000000 |
|
1774545 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
26. |
|
LINDA’S AT BERGDORF XXXXXXX |
|
87394266 |
|
5476817 |
|
REGISTERED |
|
NM Nevada Trust |
27. |
|
LITTLE BG |
|
88079762 |
|
— |
|
PENDING ITU |
|
NM Nevada Trust |
28. |
|
MAKE SOME NOISE |
|
86293824 |
|
4667074 |
|
REGISTERED |
|
NM Nevada Trust |
29. |
|
|
|
|
|
|
|
|
|
|
30. |
|
XXXXX.XXX |
|
87882139 |
|
— |
|
PENDING ITU |
|
NM Nevada Trust |
31. |
|
NEIMAN MARCUS |
|
88146931 |
|
— |
|
PENDING ITU |
|
NM Nevada Trust |
|
|
Trademark/Image if any |
|
Application Number |
|
Registration |
|
Status |
|
Owner |
32. |
|
NEIMAN MARCUS |
|
74216290 |
|
1733202 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
33. |
|
NEIMAN MARCUS |
|
73756014 |
|
1593195 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
34. |
|
NEIMAN MARCUS |
|
75433896 |
|
2209260 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
35. |
|
NEIMAN MARCUS |
|
72377875 |
|
934177 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
36. |
|
NEIMAN MARCUS LAST CALL |
|
00000000 |
|
4440392 |
|
REGISTERED |
|
NM Nevada Trust |
37. |
|
XXXXXX-XXXXXX |
|
73196302 |
|
1154006 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
38. |
|
XXXXXX-XXXXXX |
|
71664021 |
|
0601375 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
39. |
|
NEW LEVEL OF BEAUTY |
|
75834236 |
|
2541276 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
40. |
|
NM |
|
73777452 |
|
1558605 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
41. |
|
NM |
|
76415449 |
|
2758362 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
42. |
|
NM DAILY |
|
85953685 |
|
4440315 |
|
REGISTERED |
|
NM Nevada Trust |
43. |
|
NM GIFT CARD |
|
75279273 |
|
2137494 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
|
|
Trademark/Image if any |
|
Application Number |
|
Registration |
|
Status |
|
Owner |
44. |
|
NM ON THE GO |
|
86523239 |
|
4928838 |
|
REGISTERED |
|
NM Nevada Trust |
45. |
|
NM TO GO
|
|
75568610 |
|
2289047 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
46. |
|
NMBUZZ |
|
85763869 |
|
4353862 |
|
REGISTERED |
|
NM Nevada Trust |
47. |
|
NMG RESOLUTIONS |
|
77352859 |
|
3475891 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
48. |
|
RED RIVER |
|
73396230 |
|
1288052 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
49. |
|
STILETTO STRUT |
|
86954924 |
|
5351274 |
|
REGISTERED |
|
NM Nevada Trust |
50. |
|
SWEET PEPPERS |
|
74308816 |
|
1766092 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
51. |
|
THE ART OF FASHION |
|
75377610 |
|
2277234 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
52. |
|
THE BOOK |
|
76417927 |
|
2697746 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
|
|
Trademark/Image if any |
|
Application Number |
|
Registration |
|
Status |
|
Owner |
53. |
|
THE BOOK |
|
75606549 |
|
2317384 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
54. |
|
THE FRESHMARKET |
|
74225486 |
|
1804890 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
55. |
|
THE HEART OF NEIMAN MARCUS |
|
86809613 |
|
4996791 |
|
REGISTERED |
|
NM Nevada Trust |
56. |
|
THE MERMAID BAR |
|
74225488 |
|
1726520 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
57. |
|
THE NM CAFE |
|
74212602 |
|
1726506 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
58. |
|
THE ZODIAC |
|
73355186 |
|
1218744 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
59. |
|
VERY BERGDORF |
|
78270175 |
|
2856065 |
|
REGISTERED RENEWED |
|
NM Nevada Trust |
U.S. STATE TRADEMARKS
Trademark/Image if any |
|
Jurisdiction |
|
Registration |
|
Owner |
|
Status |
| |
1. |
LAST CALL STUDIO |
|
Louisiana |
|
652126 |
|
The Neiman Marcus Group LLC |
|
REGISTERED |
|
FOREIGN TRADEMARKS
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
2. |
BERGDORF XXXXXXX |
|
Argentina |
|
3187601 |
|
2613862 |
|
NM Nevada Trust |
|
REGISTERED |
|
3. |
BERGDORF XXXXXXX |
|
Argentina |
|
3187600 |
|
2613861 |
|
NM Nevada Trust |
|
REGISTERED |
|
4. |
NEIMAN MARCUS |
|
Argentina |
|
3187598 |
|
2690481 |
|
NM Nevada Trust |
|
REGISTERED |
|
5. |
NEIMAN MARCUS |
|
Argentina |
|
3154277 |
|
2516540 |
|
NM Nevada Trust |
|
REGISTERED |
|
6. |
NEIMAN MARCUS |
|
Australia |
|
1576523 |
|
1576523 |
|
NM Nevada Trust |
|
REGISTERED |
|
7. |
XXXXXX-XXXXXX |
|
Benelux |
|
709298 |
|
R 157421 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
8. |
BERGDORF XXXXXXX |
|
Brazil |
|
840247745 |
|
840247745 |
|
NM Nevada Trust |
|
REGISTERED |
|
9. |
BERGDORF XXXXXXX |
|
Brazil |
|
840247729 |
|
8402477294/12/2016 |
|
NM Nevada Trust |
|
REGISTERED |
|
10. |
NEIMAN MARCUS |
|
Brazil |
|
840247737 |
|
840247737 |
|
NM Nevada Trust |
|
REGISTERED |
|
11. |
NEIMAN MARCUS |
|
Brazil |
|
818619490 |
|
818619490 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
12. |
BERGDORF XXXXXXX |
|
Canada |
|
037194500 |
|
TMA213031 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
13. |
BERGDORF XXXXXXX |
|
Canada |
|
030786200 |
|
TMA165467 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
14. |
BERGDORF XXXXXXX |
|
Canada |
|
030786000 |
|
XXX000000 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
15. |
CUSP |
|
Canada |
|
1636992 7/26/2013 |
|
TMA911690 8/19/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
16. |
HORCHOW |
|
Canada |
|
063260700 5/24/1989 |
|
TMA379978 2/15/1991 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
17. |
HORCHOW |
|
Canada |
|
063262100 5/24/1989 |
|
TMA379980 2/15/1991 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
18. |
XXXX XXXXXXXX |
|
Canada |
|
038052900 11/14/1974 |
|
XXX000000 3/12/1976 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
19. |
XXXXXX-XXXXXX |
|
Canada |
|
035394200 6/2/1972 |
|
TMA191255 5/25/1973 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
20. |
NEIMAN MARCUS |
|
Chile |
|
1242730 2/17/2017 |
|
— |
|
NM Nevada Trust |
|
PENDING |
|
21. |
NEIMAN MARCUS |
|
Chile |
|
977658 12/16/1988 |
|
943848 5/17/1991 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
22. |
BAO GE |
|
China |
|
11198999 7/12/2012 |
|
11198999 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
23. |
BAO GE |
|
China |
|
11198997 7/12/2012 |
|
11198997 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
24. |
BAO GE |
|
China |
|
11199002 7/12/2012 |
|
11199002 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
25. |
BAO GE |
|
China |
|
11199001 8/16/2012 |
|
11199001 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
26. |
BAO GE |
|
China |
|
11359017 8/16/2012 |
|
11359017 1/21/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
27. |
BAO GE |
|
China |
|
11359262 8/16/2012 |
|
11359262 8/21/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
28. |
BAO GE |
|
China |
|
11198998 7/12/2012 |
|
11198998 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
29. |
BAO GE |
|
China |
|
11199000 7/12/2012 |
|
11199000 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
30. |
BAO GE |
|
China |
|
11199003 7/12/2012 |
|
11199003 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
31. |
BAOGE |
|
China |
|
11199005 7/12/2012 |
|
11199005 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
32. |
BAOGE |
|
China |
|
11199007 7/12/2012 |
|
11199007 7/14/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
33. |
BAOGE |
|
China |
|
11199009 7/12/2012 |
|
11199009 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
34. |
BAOGE |
|
China |
|
11199004 7/12/2012 |
|
11199004 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
35. |
BAOGE |
|
China |
|
11199006 7/12/2012 |
|
11199006 7/14/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
36. |
BAOGE |
|
China |
|
11199008 7/12/2012 |
|
11199008 4/28/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
37. |
BAOGE |
|
China |
|
11199010 7/12/2012 |
|
11199010 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
38. |
BERGDORF |
|
China |
|
10505671 2/20/2012 |
|
10505671 11/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
39. |
BERGDORF |
|
China |
|
10505672 2/20/2012 |
|
10505672 4/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
40. |
BERGDORF |
|
China |
|
10505673 2/20/2012 |
|
10505673 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
41. |
BERGDORF |
|
China |
|
10293658 12/12/2011 |
|
10293658 2/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
42. |
BERGDORF |
|
China |
|
10293659 12/12/2011 |
|
10293659 8/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
43. |
BERGDORF |
|
China |
|
10293657 12/12/2011 |
|
10293657 3/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
44. |
BERGDORF XXXXXXX |
|
China |
|
10505668 2/20/2012 |
|
10505668 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
45. |
BERGDORF XXXXXXX |
|
China |
|
10505667 2/20/2012 |
|
10505667 4/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
46. |
BERGDORF XXXXXXX |
|
China |
|
3013771 11/8/2001 |
|
3013771 1/28/2003 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
47. |
BERGDORF XXXXXXX xx dao fu xx xx xxx |
|
Xxxxx |
|
0000000 11/2/2010 |
|
8801110 12/7/2011 |
|
NM Nevada Trust |
|
REGISTERED |
|
48. |
BERGDORF XXXXXXX |
|
China |
|
11198992 7/12/2012 |
|
11198992 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
49. |
BERGDORF XXXXXXX |
|
China |
|
11198993 7/12/2012 |
|
11198993 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
50. |
BERGDORF XXXXXXX |
|
China |
|
11198991 7/12/2012 |
|
11198991 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
51. |
BERGDORF XXXXXXX |
|
China |
|
11198995 7/12/2012 |
|
11198995 10/21/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
52. |
BERGDORF XXXXXXX |
|
China |
|
11198996 7/12/2012 |
|
11198996 6/14/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
53. |
BERGDORF XXXXXXX |
|
China |
|
11199012 7/12/2012 |
|
11199012 5/7/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
54. |
BERGDORF XXXXXXX |
|
China |
|
11199011 7/12/2012 |
|
11199011 10/21/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
55. |
BERGDORF XXXXXXX |
|
China |
|
11186483 7/10/2012 |
|
11186483 11/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
56. |
BERGDORF XXXXXXX |
|
China |
|
10927909 5/12/2012 |
|
10927909 12/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
57. |
BERGDORF XXXXXXX |
|
China |
|
10293638 12/12/2011 |
|
10293638 4/28/2016 |
|
NM Nevada Trust |
|
REGISTERED |
|
58. |
BERGDORF XXXXXXX |
|
China |
|
10293639 12/12/2011 |
|
10293639 4/14/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
59. |
BERGDORF XXXXXXX |
|
China |
|
11198994 7/12/2012 |
|
11198994 2/7/2016 |
|
NM Nevada Trust |
|
REGISTERED |
|
60. |
BERGDORF XXXXXXX |
|
China |
|
11359015 8/16/2012 |
|
11359015 4/7/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
61. |
BERGDORF XXXXXXX |
|
China |
|
11359016 8/16/2012 |
|
11359016 4/7/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
62. |
XX XXX FU
|
|
China |
|
10652027 3/21/2012 |
|
10652027 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
63. |
XX XXX FU
|
|
China |
|
10652029 3/21/2012 |
|
10652029 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
64. |
XX XXX FU
|
|
China |
|
10652028 3/21/2012 |
|
10652028 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
65. |
XX XXX FU |
|
China |
|
10652030 3/21/2012 |
|
10652030 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
66. |
XX XXX FU GU DE MAN |
|
China |
|
10652021 3/21/2012 |
|
10652021 6/7/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
67. |
XX XXX FU GU DE MAN
|
|
China |
|
10652022 3/21/2012 |
|
10652022 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
68. |
XX XXX FU SI
|
|
China |
|
10652023 3/21/2012 |
|
10652023 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
69. |
XX XXX FU SI
|
|
China |
|
10652025 3/21/2012 |
|
10652025 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
70. |
XX XXX FU SI
|
|
China |
|
10652026 3/21/2012 |
|
10652026 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
71. |
XX XXX FU SI
|
|
China |
|
10652024 3/21/2012 |
|
10652024 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
72. |
NAI MAN MA KU SI
|
|
China |
|
10652042 3/21/2012 |
|
10652042 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
73. |
NAI MAN MA KU SI |
|
China |
|
10652039 3/21/2012 |
|
10652039 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
74. |
NAI MAN MA KU SI |
|
China |
|
10652040 3/21/2012 |
|
10652040 5/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
75. |
NAI MAN MA KU SI |
|
China |
|
10652041 3/21/2012 |
|
10652041 5/21/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
76. |
NAI MAN SI |
|
China |
|
10652032 3/21/2012 |
|
10652032 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
77. |
NAI MAN SI |
|
China |
|
10652033 3/21/2012 |
|
10652033 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
78. |
NAI MAN SI |
|
China |
|
10652031 3/21/2012 |
|
10652031 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
79. |
NAI MAN SI
|
|
China |
|
10652034 3/21/2012 |
|
10652034 6/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
80. |
NEIMAN MARCUS |
|
China |
|
10505670 2/20/2012 |
|
10505670 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
81. |
NEIMAN MARCUS |
|
China |
|
10505669 2/20/2012 |
|
10505669 8/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
82. |
NEIMAN MARCUS |
|
China |
|
11359261 8/16/2012 |
|
11359261 4/14/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
83. |
NEIMAN MARCUS |
|
China |
|
10293641 12/12/2011 |
|
10293641 3/7/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
84. |
NEIMAN MARCUS
|
|
China |
|
3280328 8/20/2002 |
|
3280328 8/21/2010 |
|
NM Nevada Trust |
|
REGISTERED |
|
85. |
NEIMANMARCUS |
|
China |
|
10927908 5/17/2012 |
|
10927908 12/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
86. |
NEIMANMARCUS |
|
China |
|
10293640 12/12/2011 |
|
10293640 4/7/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
87. |
NEIMANS |
|
China |
|
10505676 2/20/2012 |
|
10505676 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
88. |
NEIMANS |
|
China |
|
10505675 2/20/2012 |
|
10505675 4/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
89. |
NEIMANS |
|
China |
|
10505674 2/20/2012 |
|
10505674 2/21/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
90. |
NEIMANS |
|
China |
|
10293656 12/12/2011 |
|
10293656 4/7/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
91. |
NEIMANS |
|
China |
|
10293655 12/12/2011 |
|
10293655 2/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
92. |
NEIMANS |
|
China |
|
10293643 12/12/2011 |
|
10293643 2/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
93. |
NM EDITS |
|
China |
|
12087745 1/23/2013 |
|
12087745 7/14/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
94. |
NI MAN |
|
China |
|
11199013 7/12/2012 |
|
11199013 12/7/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
95. |
NI MAN |
|
China |
|
11359014 8/16/2012 |
|
11359014 11/14/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
96. |
NI MAN MA GE |
|
China |
|
10682113 3/27/2012 |
|
10682113 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
97. |
NI MAN MA GE |
|
China |
|
10682110 3/27/2012 |
|
10682110 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
98. |
NI MAN MA GE |
|
China |
|
10682111 3/27/2012 |
|
10682111 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
99. |
NI MAN MA GE |
|
China |
|
10682112 3/27/2012 |
|
10682112 5/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
100. |
BERGDORF XXXXXXX |
|
Colombia |
|
0000000000 |
|
121107 4/21/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
101. |
BERGDORF XXXXXXX |
|
Community Trademarks |
|
176628 |
|
176628 11/25/1998 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
102. |
NEIMAN MARCUS |
|
Community Trademarks |
|
176560 |
|
176560 11/25/1998 |
|
NM Nevada Trust |
|
REGISTERED XXXXXXX |
|
000. |
XXXXXXXX |
|
Xxxx Xxxx |
|
302150586 |
|
302150586 2/1/2012 |
|
NM Nevada Trust |
|
REGISTERED |
|
104. |
BERGDORF XXXXXXX |
|
Hong Kong |
|
302150595 |
|
302150595 2/1/2012 |
|
NM Nevada Trust |
|
REGISTERED |
|
105. |
NEIMAN XXXXXX |
|
Xxxx Kong |
|
302150568 |
|
302150568 2/1/2012 |
|
NM Nevada Trust |
|
REGISTERED |
|
106. |
NEIMAN XXXXXX |
|
Xxxx Kong |
|
199406034 |
|
199406034 4/1/1992 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
107. |
NEIMAN-XXXXXX |
|
Xxxx Kong |
|
19810069 |
|
19810069 9/24/1979 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
108. |
NEIMANS |
|
Hong Kong |
|
302150577 |
|
302150577 2/1/2012 |
|
NM Nevada Trust |
|
REGISTERED |
|
109. |
BERGDORF XXXXXXX |
|
Indonesia |
|
X000000000000 5/21/2012 |
|
IDM000451554 1/26/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
110. |
NEIMAN MARCUS |
|
Indonesia |
|
D00.2003.01795.01821 1/24/2003 |
|
IDM000391718 1/24/2003 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
111. |
NEIMAN MARCUS |
|
Indonesia |
|
X000000000000 10/13/2010 |
|
IDM00047283 4/22/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
112. |
BERGDORF XXXXXXX |
|
Japan |
|
2011-090790 12/16/2011 |
|
5593868 6/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
113. |
BERGDORF XXXXXXX |
|
Japan |
|
S48-129598 |
|
1648446 1/26/1984 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
114. |
HORCHOW |
|
Japan |
|
H07-092117 |
|
4071160 10/17/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
115. |
HORCHOW |
|
Japan |
|
H07-092118 |
|
3350113 10/3/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
116. |
HORCHOW |
|
Japan |
|
H07-092119 9/8/1995 |
|
3354442 10/24/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
117. |
HORCHOW |
|
Japan |
|
H07-006708 1/30/1995 |
|
4012000 6/13/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
118. |
NEIMAN MARCUS |
|
Japan |
|
2011-090789 12/16/2011 |
|
5593867 6/28/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
119. |
NEIMAN MARCUS |
|
Japan |
|
H07-092120 9/8/1995 |
|
4071161 10/17/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
120. |
NEIMAN MARCUS |
|
Japan |
|
H07-092121 9/8/1995 |
|
4064383 10/3/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
121. |
NEIMAN MARCUS |
|
Japan |
|
H07-092122 9/8/1995 |
|
4002773 5/23/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
122. |
NEIMAN MARCUS |
|
Japan |
|
S63-078627 7/11/1988 |
|
2297503 1/31/1991 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
123. |
NEIMAN MARCUS |
|
Japan |
|
S54-086434 11/14/1979 |
|
1758188 4/23/1985 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
124. |
NEIMAN MARCUS |
|
Japan |
|
S54-086433 11/14/1979 |
|
1586076 5/26/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
125. |
NEIMAN MARCUS |
|
Japan |
|
S54-086432 11/14/1979 |
|
1607515 7/28/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
126. |
NEIMAN MARCUS |
|
Japan |
|
S54-014915 3/5/1979 |
|
1618015 9/29/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
127. |
NEIMAN MARCUS |
|
Japan |
|
S48-031809 2/21/1973 |
|
1194625 4/12/1976 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
128. |
XXXXXX-XXXXXX |
|
Japan |
|
S47-120033 8/31/1972 |
|
1166438 10/27/1975 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
129. |
NM NEIMAN MARCUS |
|
Japan |
|
H07-092124 9/8/1995 |
|
4071162 10/17/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
130. |
NM NEIMAN MARCUS |
|
Japan |
|
H07-092125 9/8/1995 |
|
4064384 10/3/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
131. |
NM NEIMAN MARCUS |
|
Japan |
|
H07-092126 9/8/1995 |
|
4002774 5/23/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
132. |
NM NEIMAN MARCUS |
|
Japan |
|
H07-092127 9/8/1995 |
|
4009125 6/6/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
133. |
RED RIVER
|
|
Japan |
|
H07-092123 9/8/1995 |
|
4034705 7/25/1997 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
134. |
RED RIVER
|
|
Japan |
|
H09-179891 11/27/1997 |
|
4258331 4/2/1999 |
|
NM Nevada Trust(1) |
|
REGISTERED RENEWED |
|
135. |
NEIMAN MARCUS |
|
Macao |
|
N/79923 10/17/2013 |
|
N/79923 6/12/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
136. |
XXXXXX-XXXXXX |
|
Xxxxxx |
|
000000 9/19/1983 |
|
295388 12/9/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
(1) Assignment from The Neiman Marcus Group, Inc. to NM Nevada Trust to be filed with Japanese Trademark Office.
Trademark/Image if any |
|
Jurisdiction |
|
Application |
|
Registration |
|
Owner |
|
Status |
| |
137. |
XXXXXX-XXXXXX |
|
Xxxxxx |
|
000000 9/19/1983 |
|
295387 12/9/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
138. |
XXXXXX-XXXXXX |
|
Xxxxxx |
|
000000 9/19/1983 |
|
295389 12/9/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
139. |
XXXXXX-XXXXXX |
|
Xxxxxx |
|
000000 9/19/1983 |
|
295390 12/9/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
140. |
XXXXXX-XXXXXX |
|
Xxxxxx |
|
000000 9/19/1983 |
|
295386 12/9/1983 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
141. |
XXXXXX-XXXXXX |
|
Xxxxxx |
|
000000 8/31/1982 |
|
328936 7/14/1987 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
142. |
XXXXXX-XXXXXX |
|
Xxxxxx |
|
000000 8/21/1979 |
|
230608 9/13/1979 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
143. |
XXXXXX-XXXXXX |
|
Peru |
|
180003-2003 2/4/1993 |
|
P00001825 10/12/1993 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
144. |
BERGDORF XXXXXXX |
|
South Korea |
|
00-0000-0000000 6/13/2012 |
|
00-0000000 10/16/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
145. |
BERGDORF XXXXXXX |
|
South Korea |
|
00-0000-0000000 10/27/2011 |
|
00-0000000 7/10/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
146. |
NEIMAN MARCUS |
|
South Korea |
|
00-0000-0000000 9/9/2011 |
|
4500447840000 5/14/2013 |
|
NM Nevada Trust |
|
REGISTERED |
|
147. |
NEIMAN MARCUS |
|
South Korea |
|
0000000000000 11/13/2008 |
|
4008168080000 3/12/2010 |
|
NM Nevada Trust |
|
REGISTERED |
|
148. |
NEIMAN MARCUS |
|
Taiwan |
|
102059114 10/24/2013 |
|
01707955 5/16/2015 |
|
NM Nevada Trust |
|
REGISTERED |
|
149. |
NEIMAN MARCUS |
|
Turkey |
|
2013/83102 10/4/2013 |
|
2013 83102 4/8/2014 |
|
NM Nevada Trust |
|
REGISTERED |
|
150. |
BERGDORF XXXXXXX |
|
United Kingdom |
|
1024846 2/12/1974 |
|
1024846 2/12/1974 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
151. |
NEIMAN MARCUS |
|
United Kingdom |
|
1522317 12/24/1992 |
|
1522317 11/25/1994 |
|
NM Nevada Trust |
|
REGISTERED RENEWED |
|
SCHEDULE III
FILING JURISDICTIONS
LEGAL NAMES, FILING JURISDICTIONS AND
LOCATIONS OF CHIEF EXECUTIVE OFFICE
Legal Name |
|
Filing Jurisdiction |
|
Chief Executive Office |
|
|
|
|
|
Mariposa Intermediate Holdings LLC |
|
Delaware |
|
2000 Avenue of the Stars, 00xx |
|
|
|
|
|
Mariposa Borrower, Inc. |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
Bergdorf Xxxxxxx Inc. |
|
New York |
|
000 Xxxxx Xxxxxx, |
|
|
|
|
|
Bergdorf Graphics, Inc. |
|
New York |
|
000 Xxxxx Xxxxxx, |
|
|
|
|
|
BG Productions, Inc. |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
|
Delaware |
|
0000 Xxxx Xxxxxx, | |
|
|
|
|
|
NEMA Beverage Corporation |
|
Texas |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NEMA Beverage Holding Corporation |
|
Texas |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NEMA Beverage Parent Corporation |
|
Texas |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NM Bermuda, LLC |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NM Financial Services, Inc. |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
Legal Name |
|
Filing Jurisdiction |
|
Chief Executive Office |
|
|
|
|
|
NM Nevada Trust |
|
Massachusetts |
|
0000 Xxx Xxxxx Xxxx., |
|
|
|
|
|
NMG Global Mobility, Inc. |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
The Neiman Marcus Group LLC |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NMGP, LLC |
|
Virginia |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
Worth Avenue Leasing Company |
|
Florida |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NMG California Salon LLC |
|
California |
|
0000 Xxxxxxxx Xxxx, |
|
|
|
|
|
NMG Florida Salon LLC |
|
Florida |
|
0000 Xxxxxx Xxxx, |
|
|
|
|
|
NMG Salon Holdings LLC |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NMG Salons LLC |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
NMG Texas Salon LLC |
|
Texas |
|
0000 Xxxx Xxxxxx, |
|
|
|
|
|
The NMG Subsidiary LLC |
|
Delaware |
|
0000 Xxxx Xxxxxx, |
SCHEDULE IV
COMMERCIAL TORT CLAIMS
(1) Reference is made to the class action settlement involving Visa and Mastercard, who separately and together with certain banks, engaged with certain actions that resulted in merchants paying excessive interchange fees when accepting Visa and Mastercard credit and debit cards in connection with store and online purchases. Under the settlement, Visa, Mastercard and other bank defendants have agreed to provide approximately $6.24 billion in class settlement funds. The net class settlement fund will be used to pay valid claims of merchants that accepted Visa and Mastercard credit or debit cards between January 1, 2004 through January 25, 2019.
The Court has given preliminary approval to this settlement. A Court hearing is set for November 7, 2019 for the Court to officially approve of the settlement.
Merchants have until July 23, 2019 to decide if they will stay in the settlement and wait to file a claim, object to the settlement and file a notice to appear with the Court, or to opt out and make a separate claim.
The Company is in the process of evaluating the potential recovery on its portion of the claims and believes there is a reasonable chance such recovery will exceed $2.5 million.
SCHEDULE V
ORIGINAL GUARANTORS
Legal Name
1. |
Mariposa Intermediate Holdings LLC |
|
|
2. |
Mariposa Borrower, Inc. |
|
|
3. |
Bergdorf Xxxxxxx Inc. |
|
|
4. |
Bergdorf Graphics, Inc. |
|
|
5. |
BG Productions, Inc. |
|
|
6. |
Neiman Marcus Group LTD LLC (f/k/a Neiman Marcus Group LTD Inc.) |
|
|
7. |
NEMA Beverage Corporation |
|
|
8. |
NEMA Beverage Holding Corporation |
|
|
9. |
NEMA Beverage Parent Corporation |
|
|
10. |
NM Bermuda, LLC |
|
|
11. |
NM Financial Services, Inc. |
|
|
12. |
NM Nevada Trust |
|
|
13. |
NMG Global Mobility, Inc. |
|
|
14. |
The Neiman Marcus Group LLC (f/k/a The Neiman Marcus Group, Inc.) |
|
|
15. |
NMGP, LLC |
|
|
16. |
Worth Avenue Leasing Company |