Facility Collateral definition

Facility Collateral all Collateral that now or hereafter secures (or is intended to secure) any of the U.S. Facility Obligations, including Property of each U.S. Domiciled Obligor.

Facility Collateral means (a) all “Collateral” as defined in the Security Agreements, (b) all real Property which is subject to the Lien created by any Real Estate Mortgage, (c) any other Property of any Obligated Party which at any time is the subject of any Lien in favor of the Collateral Agent, for the benefit of the Agents and the Lenders, and (d) all accessions to, substitutions for, and replacements, products, and proceeds of any of the foregoing.

Facility Collateral means collectively, (i) the Collateral pledged hereunder, (ii) the Collateral (as defined in the Equity Pledge Agreement) pledged to the Lender under the Equity Pledge Agreement, and (iii) any other collateral security pledged to Lender under any other Loan Document.

Examples of Facility Collateral in a sentence

• The Canadian Revolver Loans shall be repaid in accordance with the terms of this Agreement and shall be secured by all of the Canadian Facility Collateral.

• All Canadian Overadvance Loans shall constitute Canadian Facility Obligations secured by the Canadian Facility Collateral and shall be entitled to all benefits of the Loan Documents.

• All U.S. Overadvance Loans shall constitute U.S. Facility Obligations secured by the U.S. Facility Collateral and shall be entitled to all benefits of the Loan Documents.

• Nothing contained in this Section 5.6(e) shall restrict or prohibit the Working Capital Facility Collateral Agent from taking action to the extent that the Working Capital Facility Collateral Agent, in its good faith judgment, deems such action to be necessary to preserve or protect the Shared Collateral.

• It is understood and agreed that nothing in this Section 5.8 is intended to alter the priorities among the Secured Parties and the Working Capital Facility Collateral Agent and Working Capital Facility Lenders as provided in Section 2 hereof.

More Definitions of Facility Collateral

Facility Collateral. Collateral that now or hereafter secures (or is intended to secure) any of the U.K. Facility Obligations, including Property of the Guarantors pledged to secure the U.K. Facility Obligations under their guarantee of the U.K. Facility Obligations.

Facility Collateral means any collateral security charged to or for the benefit of the Lender under any Loan Document, including without limitation each Mortgage, each Equity Pledge Agreements, each Security Agreement and other Security Documents, provided that Facility Collateral shall exclude any Property constituting Excluded Collateral.

Facility Collateral means collectively, (i) the Collateral pledged hereunder, (ii) the Collateral (as defined in the Equity Pledge Agreement) pledged to the Lender under the Equity Pledge Agreement, (iii) the Collateral (as defined in the Intellectual Property Pledge Agreement), pledged to the Lender under the Intellectual Property Agreement, (iv) the Guaranty Collateral (as defined in the Guaranty), pledged to the Lender under the Guaranty, and (v) any other collateral security pledged to Lender under any other Loan Document, including without limitation each Mortgage; provided that Facility Collateral shall exclude any Property constituting Excluded Collateral.

Facility Collateral. Collateral that now or hereafter secures (or is intended to secure) any of the U.S. Facility Obligations. U.S. Facility Guarantee: each guarantee agreement at any time executed by a U.S. Facility Guarantor in favor of the Agent guaranteeing all or any portion of the U.S. Facility Obligations, including, without limitation, (a) that certain Amended and Restated Guarantee 55

Facility Collateral means the “Collateral” (as defined in the Facility Agreement) and all other assets and property pledged (or purported to be pledged) or granted a Lien on (or purported to be granted a Lien on) by the Facility Loan Parties to (and for the benefit of) the Facility Secured Parties under the Facility Documents.

Facility Collateral. Collateral that now or hereafter secures (or is intended to secure) any of the U.S. Facility Secured Obligations. U.S. Facility Guarantor: Parent, KPLLC, Elastomers, KPCC, Arizona Chemical Holdings, AZ Chem Intermediate Inc., AZ Chem U.S. Holdings, Inc., AZ Chem US Inc. each U.S. Borrower and each U.S. Subsidiary that, after the date hereof, has executed a supplement or joinder to this Agreement in accordance with Section 10.1.9 specifying that it is a U.S. Facility Guarantor; provided no Excluded Subsidiary (as defined in the Term Loan Agreement) shall be (or shall be required to become) a U.S. Facility Guarantor hereunder.

Facility Collateral. Collateral that now or hereafter secures (or is intended to secure) any of the U.S. Facility Secured Obligations. U.S. Facility Guarantor: MRC Global, each U.S. Borrower and each U.S. Subsidiary that, after the date hereof, has executed a supplement or joinder to this Agreement in accordance with Section 10.1.13 specifying that it wishes to be a U.S. Facility Guarantor.