Examples of Credit Facility Collateral in a sentence
If ING's claim is paid in full, any remaining proceeds of the Credit Facility Collateral will be paid to the Liquidating Trust.
Any proceeds from the disposition of the Credit Facility Collateral will be applied first to any unpaid fees of the Collateral Agent, including attorney's fees, and then to the Administration Agent's fees, including collection costs.
Paragraph 9 of the Pennantia Sale Order established a procedure for satisfying Senior Lien Claims (as defined in the Pennantia Sale Order) on the Prepetition Revolving Credit Facility Collateral sold pursuant to the Wells Collateral Asset Sale (the “ Wells Fargo VesselC ollateral”) from a reserve of Cash Proceeds (as defined in the Pennantia Sale Order) established and held by Wells Fargo.
Each Dealer hereby grants to Agent, as collateral agent for the Lenders, a security interest in all of the Collateral other than (i) equipment subject to purchase money security interests and (ii) Credit Facility Collateral as security for all Obligations.
Thereafter, ING will receive 100% of any proceeds of the Credit Facility Collateral, subject to a 30% carveout for the benefit of the beneficiaries of the Liquidating Trust.