Cash Flow Priority Collateral as defined in the Base Intercreditor Agreement.
Cash Flow Priority Collateral all Security Collateral other than ABL Priority Collateral, including real estate, intellectual property, equipment and equity interests of Subsidiaries of the Parent Borrower and all collateral security and guarantees with respect to any Cash Flow Priority Collateral and all cash, Money, Instruments, Securities and Financial Assets to the extent received as proceeds of any Cash Flow Priority Collateral; provided, however, no proceeds of proceeds will constitute Cash Flow Priority Collateral unless such proceeds of proceeds would otherwise constitute Cash Flow Priority Collateral or are credited to the Asset Sales Proceeds Account. For the avoidance of doubt, under no circumstances shall any of the ABL Canadian Collateral or Excluded Assets be Cash Flow Priority Collateral.
Cash Flow Priority Collateral means all Collateral (including the Holding Pledged Stock) other than ABL Priority Collateral, including real estate, Intellectual Property, equipment and equity interests of Subsidiaries of the Company, and all collateral security and guarantees with respect to any Cash Flow Priority Collateral and all cash, Money, Instruments, Securities and Financial Assets to the extent received as proceeds of any Cash Flow Priority Collateral; provided, however, no proceeds of proceeds will constitute Cash Flow Priority Collateral unless such proceeds of proceeds would otherwise constitute Cash Flow Priority Collateral or are credited to the Asset Sales Proceeds Account. For the avoidance of doubt, under no circumstances shall any of the ABL Canadian Collateral or Excluded Assets be Cash Flow Priority Collateral. As used in this definition of “Cash Flow Priority Collateral,” the term “Excluded Assets” shall have the meaning provided (i) prior to the Discharge of Term Obligations, in the Original Term Credit Agreement (if the Original Term Credit Agreement is then in effect), or in any other Term Credit Agreement then in effect (if the Original Term Credit Agreement is not then in effect) or the Cash Flow Collateral Documents relating thereto, (ii) following the Discharge of Term Obligations and prior to the Discharge of First Lien Note Obligations, in the Original First Lien Indenture (if the Original First Lien Indenture is then in effect), or in any other First Lien Indenture then in effect (if the Original First Lien Indenture is not then in effect) or the Cash Flow Collateral Documents relating thereto, (iii) following the Discharge of Term Obligations and the Discharge of First Lien Note Obligations and prior to the Discharge of Additional Obligations with respect to any Additional Senior Obligations, in the related Additional Credit Facility or the Cash Flow Collateral Documents relating thereto, (iv) following the Discharge of Term Obligations, the Discharge of Additional Obligations with respect to any Additional Senior Obligations and the Discharge of First Lien Note Obligations and prior to the Discharge of Second Lien Note Obligations, in the Original Second Lien Indenture (if the Original Second Lien Indenture is then in effect), or in any other Second Lien Indenture then in effect (if the Original Second Lien Indenture is not then in effect) or the Cash Flow Collateral Documents relating thereto and (v) following the Discharge of Term Obligations, the Dis...
Examples of Cash Flow Priority Collateral in a sentence
As noted above, obligations outstanding under the Prepetition Cash Flow Credit Facility are senior in priority versus the Prepetition Domestic ABL Credit Facility with respect to Cash Flow Priority Collateral and are junior in priority versus the Prepetition Domestic ABL Credit Facility with respect to ABL Priority Collateral.C. First Lien Notes.
So long as the First Lien Intercreditor Agreement is in effect, any requirement in this Agreement to deliver any Cash Flow Priority Collateral (as such term is defined in the ABL Intercreditor Agreement) (and any other Collateral after Discharge of ABL Obligations) to the Notes Collateral Agent shall be satisfied by delivery of such Cash Flow Priority Collateral to the General Credit Facilities Agent (as defined in the First Lien Intercreditor Agreement).
Raw materials such as silica sand, soda ash, calcium carbonate and cullet (recycled glass) are blended togetherin different proportions depending upon the product to be manufactured.
The 2024 Senior Secured Notes and the related guarantees are secured by second-priority liens on the ABL Priority Collateral (as defined below) and by first-priority liens on the Cash Flow Priority Collateral (as defined below), including pledged equity interests of the Issuers and all of GIH’s existing and future restricted subsidiaries guaranteeing the 2024 Senior Secured Notes, except for certain excluded assets and subject to permitted liens.
More Definitions of Cash Flow Priority Collateral
Cash Flow Priority Collateral means all of the Borrowers’ and the U.S. Guarantors’7 and UTi (Netherlands) Holdings B.V.’s (“UTi Netherlands”) existing and future assets (limited, in the case of UTi Netherlands, to 100% of the capital stock of UTi (US) Holdings Inc.), including, without limitation, all intercompany notes owned by the Borrowers and the U.S. Guarantors,8 all capital stock owned by the Borrowers and the U.S. Guarantors9 (but, solely to the extent that material adverse tax consequences could reasonably be expected to otherwise result, as determined in good faith by the Parent after consultation with the Collateral Agent, not more than 65% of the voting capital stock of their respective foreign subsidiaries and excluding the capital stock of entities the primary assets of which are capital stock of foreign subsidiaries), and all equipment, investment property, instruments, chattel paper, material
Cash Flow Priority Collateral means all Collateral other than ABL Priority Collateral, including real estate, Intellectual Property, equipment and equity interests of the Company and its Subsidiaries, and all collateral security and guarantees with respect to any Cash Flow Priority Collateral and all cash, Money, Instruments, Securities and Financial Assets to the extent received as proceeds of any Cash Flow Priority Collateral; provided, however, no proceeds of proceeds will constitute Cash Flow Priority Collateral unless such proceeds of proceeds would otherwise constitute Cash Flow Priority Collateral or are credited to the Asset Sales Proceeds Account.
Cash Flow Priority Collateral shall have the meaning set forth in the Crossing Lien Intercreditor Agreement.
Cash Flow Priority Collateral means all Collateral other than ABL Priority Collateral and Shared Collateral consisting of the following (including for the avoidance of doubt, any such assets that, but for the application of Section 552 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief Laws) would be Cash Flow Priority Collateral):
Cash Flow Priority Collateral means “Notes Priority Collateral” as defined in the ABL Intercreditor Agreement.
Cash Flow Priority Collateral means “First Lien Notes Priority Collateral” as defined in the ABL/Cash Flow Intercreditor Agreement.
Cash Flow Priority Collateral in the Senior Secured Notes Intercreditor Agreement.