Examples of Fixed Asset Collateral Documents in a sentence
If the new Revolving Credit Obligations under the new Revolving Credit Documents or the new Fixed Asset Obligations under the new Fixed Asset Documents are secured by assets of the Grantors constituting Collateral that do not also secure the other Obligations, then the other Obligations shall be secured at such time by a second priority Lien on such assets to the same extent provided in the Revolving Credit Documents, Fixed Asset Collateral Documents and this Agreement.
Until the Discharge of Fixed Asset Obligations, the delivery of any Term Priority Collateral to, or the control of any Term Priority Collateral by, the Fixed Asset Collateral Agent pursuant to the Fixed Asset Collateral Documents shall be deemed to satisfy any delivery or control requirement hereunder or under any other Security Document with respect to Term Priority Collateral.
If the new ABL Obligations under the new ABL Loan Documents are secured by assets of the Grantors constituting Collateral that do not also secure the Fixed Asset Obligations, then the Fixed Asset Obligations shall be secured at such time by a second-priority Lien on such assets to the same extent provided in the Fixed Asset Collateral Documents and this Agreement except to the extent such Lien on such assets constitutes a Declined Lien.
Subject to Section 2.5, if the new Revolving Credit Obligations under the new Revolving Credit Documents or the new Fixed Asset Obligations under the new Fixed Asset Documents are secured by assets of the Grantors constituting Collateral that do not also secure the other Obligations, then the other Obligations shall be secured at such time by a second priority Lien on such assets to the same extent provided in the Revolving Credit Documents, Fixed Asset Collateral Documents and this Agreement.
Subject to Section 2.3, if the new ABL Obligations under the new ABL Loan Documents are secured by assets of the Grantors constituting Collateral that do not also secure the Fixed Asset Obligations, then the Fixed Asset Obligations shall be secured at such time by a Lien on such assets subject to the priorities set forth herein to the same extent provided in the Fixed Asset Collateral Documents and this Agreement except to the extent such Lien on such assets constitutes a Declined Lien.
If the new ABL Obligations under the new ABL Loan Documents are secured by assets of the Grantors constituting Collateral that do not also secure the Fixed Asset Obligations, then the Fixed Asset Obligations shall be secured at such time by a second priority Lien on such assets to the same extent provided in the Fixed Asset Collateral Documents and this Agreement.
The Company shall not, and the Company shall not permit any Grantor to, in any circumstances be subrogated to any right of any ABL Collateral Agent, ABL Claimholders, Fixed Asset Collateral Agent or Fixed Asset Claimholders or any Lien or guarantee arising under the ABL Loan Documents, the Fixed Asset Collateral Documents or the Fixed Asset Credit Agreement.
If the new Revolving Credit Obligations under the new Revolving Credit Documents or the new Fixed Asset Obligations under the new Fixed Asset Documents are secured by assets of the Grantors constituting Collateral that do not also secure the other Obligations, then the other Obligations shall be secured at such time by a Lien on such assets to the same extent provided in the Revolving Credit Documents, Fixed Asset Collateral Documents and this Agreement.
The Designated Fixed Asset Collateral Agent acting pursuant to this Section 5.4 shall not have by reason of the Revolving Collateral Documents, the Fixed Asset Collateral Documents, this Agreement, or any other document a fiduciary relationship in respect of the Revolving Administrative Agent or any other Revolving Claimholder.