Examples of Notes Collateral in a sentence
Until the Discharge of First Priority Lien Obligations has occurred, the ABL Facility Agent, on behalf of itself and the ABL Secured Par- ties and the Junior Lien Collateral Agent, on behalf of itself and the Junior Lien Secured Parties, agree that none of them shall seek relief from the automatic stay or any other stay in any Insol- vency or Liquidation Proceeding in respect of the Notes Collateral without the prior written con- sent of the First Priority Collateral Agents.
The foregoing shall not be con- strued to limit the rights and priorities of any First Lien Secured Party, Senior Term Loan Collat- eral Agent, the Notes Collateral Agent or any Authorized Representative with respect to any Col- lateral not constituting Common Collateral.
As security for the payment and per- formance in full of all the Junior Lien Obligations and ABL Obligations each Grantor hereby grants to the First Priority Collateral Agents for the benefit of the Junior Lien Secured Parties and the ABL Secured Parties a lien on and security interest in all of the right, title and interest of such Grantor, in and to and under the Pledged Notes Collateral wherever located and whether now existing or hereafter arising or acquired from time to time.
In exercising rights and remedies with respect to the Notes Collateral, the ABL Facility Agent and the ABL Secured Parties may enforce the provisions of the ABL Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.
Such exercise and enforcement shall include the rights of an agent ap- pointed by them to sell or otherwise dispose of Notes Collateral upon foreclosure, to incur ex- penses in connection with such sale or disposition, and to exercise all the rights and remedies of a secured creditor under the UCC of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction.