Bank Priority Collateral means (a) all Receivables and Receivables Related Collateral (as defined in the Intercreditor Agreement); (b) all Inventory; (c) all Contract Rights relating to or arising out of Receivables or Inventory;
Bank Priority Collateral means any and all properties, rights and assets of Borrower described on Exhibit B, but excluding the Creditor Priority Collateral.
Bank Priority Collateral means (a) all assets constituting personal property (whether tangible or intangible), now owned or hereafter acquired by the Company or any Guarantor or in which the Company or any Guarantor now or in the future has an interest and including, without limitation, all equity interests in subsidiaries and proceeds thereof but excluding the Note Priority Collateral and (b) the equity of the Company and proceeds thereof, provided, however, Bank Priority Collateral shall not include Bank Excluded Assets.
Examples of Bank Priority Collateral in a sentence
In conducting any public or private sale under the UCC of the Bank Priority Collateral, Bank shall give Creditor such notice of such sale as may be required by the UCC.
Subject to Section 4.6(b), the Bank Administrative Agent shall pay over to the Note Collateral Agent all remaining moneys and other property held by the Bank Administrative Agent in the Bank Collateral Account or received by the Bank Administrative Agent with respect to the Bank Priority Collateral on or prior to the first Business Day falling after the Bank Obligations have been satisfied in full.
Subject to Section 4.6(b), the Bank Administrative Agent further covenants and agrees that after payment in full of the Bank Obligations, the Bank Administrative Agent shall take all actions and do all things reasonably requested by the Note Collateral Agent to promptly transfer or assign any Bank Priority Collateral (or interest therein) to the Note Collateral Agent for the purpose of perfecting and protecting the Note Second Priority Lien.
Bank shall be free at all times to exercise or to refrain from exercising any and all rights and remedies it may have with respect to the Bank Priority Collateral.
For the avoidance of doubt, the parties hereto acknowledge and agree that, notwithstanding the occurrence and continuation of an event of default as defined under the Note Indenture, the Bank Administrative Agent shall not have any obligation or duty to exercise remedies against the Bank Priority Collateral.
More Definitions of Bank Priority Collateral
Bank Priority Collateral with respect to each Grantor, all such Grantor’s now existing or hereinafter arising (i) Inventory, (ii) Receivables, (iii) any and all Instruments, Documents, Chattel Paper (including Electronic Chattel Paper) and other contracts, in each case evidencing or substituted for any Receivable, (iv) guarantees, Supporting Obligations, Letter-of-Credit Rights, security and other credit enhancements for the Receivables, (v) documents of title for any Inventory, (vi) claims and causes of action in any way relating to any of the Receivables or Inventory, (vii) Deposit Accounts, including lockbox and securities accounts, into which any proceeds of Receivables or Inventory are deposited (including all cash, cash equivalents, Financial Assets and other funds on deposit therein or credited thereto) but only with respect to and including such Proceeds of Bank Priority Collateral, (viii) rights to any Goods represented by any of the foregoing, including rights to returned, reclaimed or repossessed Goods, (ix) reserves and credit balances arising in connection with or pursuant thereto, (x) unpaid seller’s or lessor’s rights (including rescission, replevin, reclamation, repossession and stoppage in transit) relating to the foregoing or arising therefrom; (xi) insurance policies or rights relating to any of the foregoing, (xii) General Intangibles pertaining to any and all of the foregoing (including all rights to payment, including those arising in connection with bank and non-bank credit cards), (xiii) promissory notes, deposits or property of Account Debtors securing the obligations of any such Account Debtors to the Bank Secured Parties or any one of them and (xiv) all books and records (and any electronic media and software related thereto) pertaining to any of the foregoing, and all substitutions, replacements, Accessions, products or Proceeds (including, without limitation, insurance proceeds, cash and cash equivalents) of any of the foregoing; provided, however, that any Collateral, regardless of type, received in connection with an Asset Disposition or Asset Swap of Bank Priority Collateral or otherwise in exchange for Bank Priority Collateral pursuant to the terms of the Note Indenture shall be treated as Bank Priority Collateral under this Agreement, the Note Security Agreement and the Bank Security Agreements; provided, further, that any Collateral of the type that constitutes Bank Priority Collateral, if received in connection with an Asset Disposition or Asset...
Bank Priority Collateral means any and all of the following assets and proper- ty of any Grantor all now-owned or hereafter acquired that constitutes:
Bank Priority Collateral means the following property which constitutes Bank Collateral: (i) Specified Gold Jewelry, (ii) Bank Sale Proceeds, (iii) Post Default Bank Proceeds, and (iv) Cash Deposits.
Bank Priority Collateral means all of the property in which the Bank Agent is now or hereafter granted a security interest, other than the Securitization Priority Collateral. "SECURITIZATION PRIORITY COLLATERAL" means all of the Subsidiary Receivables, Contributed Assets, Collections of such Subsidiary Receivables and Contributed Assets, each Lock -Box, each Collection Account, all Related Security, all other rights and payments relating thereto and all proceeds thereof, (as defined herein or in the Receivables Purchase Agreement), other than the Reconveyed Assets and the Repurchased Assets and the related security and proceeds thereof. ACCORDINGLY, IN CONSIDERATION OF THE FOREGOING AND THE MUTUAL COVENANTS HEREINAFTER SET FORTH, THE PARTIES HERETO AGREE AS FOLLOWS:
Bank Priority Collateral means the following assets of each Grantor:
Bank Priority Collateral means any and all properties, rights and assets of Borrower described on Exhibit B, but excluding the Creditor Priority Collateral. (a) “ Bankruptcy Code ” means the federal bankruptcy law of the United States as from time to time in effect, currently as Title 11 of the United States Code. Section references to current sections of the Bankruptcy Code shall refer to comparable sections of any revised version thereof if section numbering is changed. (b) “ Claim ” means, (i) in the case of Bank, any and all present and future “claims” (used in its broadest sense, as contemplated by and defined in Section 101(5) of the Bankruptcy Code, but without regard to whether such claim would be disallowed under the Bankruptcy Code) of Bank now or hereafter arising or existing under or relating to the Bank Loan Documents, whether joint, several, or joint and several, whether fixed or indeterminate, due or not yet due, contingent or non-contingent, matured or unmatured, liquidated or unliquidated, or disputed or undisputed, whether under a guaranty or a letter of credit, and whether arising under contract, in tort, by law, or otherwise, any interest or fees thereon (including interest or fees that accrue after the filing of a petition by or against Borrower under the Bankruptcy Code, irrespective of whether allowable under the Bankruptcy Code), any costs of Enforcement Actions, including reasonable attorneys’ fees and costs, and any prepayment or termination, and (ii) in the case of Creditor, any and all present and future “claims” (used in its broadest sense, as contemplated by and defined in Section 101(5) of the Bankruptcy Code, but without regard to whether such claim would be disallowed under the Bankruptcy Code) of Creditor now or hereafter arising or existing under or relating to the Creditor Loan Documents, whether joint, several, or joint and several, whether fixed or indeterminate, due or not yet due, contingent or non-contingent, matured or unmatured, liquidated or unliquidated, or disputed or undisputed, whether under a guaranty or a letter of credit, and whether arising under contract, in tort, by law, or otherwise, any interest or fees thereon (including interest or fees that accrue after the filing of a petition by or against Borrower under the Bankruptcy Code, irrespective of whether allowable under the Bankruptcy Code), any costs of Enforcement Actions, including reasonable attorneys’ fees and costs, and any prepayment or termination.
Bank Priority Collateral means that portion of the Collateral, now existing or hereafter acquired by any Grantor or in which any Grantor now has or at any time in the future may acquire any right, title or interest, consisting of the following: