Current Assets Collateral definition

Current Assets Collateral means all the “ABL Priority Collateral” as defined in the Intercreditor Agreement.
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Current Assets Collateral shall have the meaning assigned to such term in Section 2.1.
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Current Assets Collateral means all the “Intercreditor Collateral” as defined in the Intercreditor Agreement.
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Examples of Current Assets Collateral in a sentence

  • For natural gas, this is generally at the time product enters the pipeline.

  • If any Disposition includes the disposition of Current Assets Collateral, then, if a Liquidity Event shall have occurred and be continuing, the Net Proceeds of such disposition shall be applied to the U.S. Revolver Loans within ten Business Days following such Disposition, other than such Net Proceeds not in excess of $1,000,000 in the aggregate, and the Borrowers shall deliver an updated Borrowing Base Certificate on the date of any such Disposition.

  • Each Lender (a) hereby consents to the subordination of the Liens on the Current Assets Collateral securing the Obligations on the terms set forth in the Intercreditor Agreement, (b) hereby agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement and (c) hereby authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement and to subject the Liens on the Collateral securing the Obligations to the provisions thereof.

  • Notwithstanding anything to the contrary herein, (i) none of WIL-Ireland nor any of its Subsidiaries shall become a party to any Collateral Document or the Intercreditor Agreement unless such Person is an Eligible Current Assets Collateral Grantor and (ii) no Eligible Current Assets Collateral Grantor shall have any obligation to provide a Lien on any Current Assets that are not subject to a Lien securing the Term Loan Obligations.

  • SOA Priority Collateral includes “to the extent related to Current Assets Collateral, General Intangibles.” The Intercreditor Agreement defines “General Intangibles” to include all of the PES Parties’ “rights, title and interest in, to and under all Contracts and insurance policies.” (CA3029, Intercreditor Agmt.

  • Wilmington Trust 04030923116 All of the debtor's present and after- March 9, 2014 Company acquired right, title and interest in the "Current Assets Collateral" which is defined.

  • The Pari Passu Intercreditor Agreement shall govern the rights of the Additional Pari Passu Secured Parties in the Current Assets Collateral in which the ABL Administrative Agent and the secured parties under the ABL Credit Agreement (the “ABL Secured Parties”) have a priority lien (the “ABL Collateral”) relative to the Credit Agreement Obligations.

  • Attached hereto as Schedule 11 is a true and correct list of all Commercial Tort Claims evidencing, governing, securing or arising from any of the Current Assets Collateral (as defined in the Security Agreement) individually or in the aggregate having a value, or involving an asserted claim, of at least $2,500,000 held by each Company, including a brief description thereof.


More Definitions of Current Assets Collateral

Current Assets Collateral means all of the assets of the Borrowers other than the Fixed Assets Collateral and the Capital Securities of Unrestricted Subsidiaries.
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Current Assets Collateral means any and all of the following assets and properties now owned or at any time hereafter acquired by any Current Assets Grantor or in which such Current Assets Grantor now has or at any time in the future may acquire any right, title or interest:
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Current Assets Collateral means any and all of the following assets and properties now owned or at any time hereafter acquired by any Current Assets Grantor or in which such Current Assets Grantor now has or at any time in the future may acquire any right, title or interest:
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Related to Current Assets Collateral

  • Current Assets means, as of any applicable date, all amounts that should, in accordance with GAAP, be included as current assets on the consolidated balance sheet of Borrower and its Subsidiaries as at such date.

  • Liquid Assets mean Borrower's cash on hand plus Borrower's readily marketable securities.

  • Inventory is all “inventory” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above.

  • Excluded Assets has the meaning set forth in Section 2.02.

  • Replacement Assets means assets and property that will be used in the business of the Company and/or its Restricted Subsidiaries as existing on the Issue Date or in a business the same, similar or reasonably related thereto or in an unrelated business to the extent that it is not material in size as compared to the business of the Company and its Restricted Subsidiaries taken as a whole (including Capital Stock of a Person which becomes a Restricted Subsidiary).

  • Consolidated Assets means, at any date of determination, the total assets of the Borrower and its Consolidated Subsidiaries determined in accordance with GAAP.