Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.
Notes Priority Collateral shall have the meaning assigned to such term in the ABL Intercreditor Agreement.
Notes Priority Collateral means all now owned or hereafter acquired Notes Collateral that constitutes:
Examples of Notes Priority Collateral in a sentence
Furthermore and for the avoidance of doubt, any actions authorized to be taken hereunder with respect to the Notes Priority Collateral shall be subject to the limitation on enforcement of remedies set forth in the ABL/Notes Intercreditor Agreement.
So long as the ABL/Notes Intercreditor Agreement is in effect, a Loan Party may satisfy its obligations to deliver possession or control of any Collateral to Agent by delivering possession or control of (a) any ABL Priority Collateral to Agent (or its agent, designee or bailee) or (b) any Notes Priority Collateral to the Note Agent (or its agent, designee or bailee).
More Definitions of Notes Priority Collateral
Notes Priority Collateral means the following of any Grantor: (i) Equipment; (ii) Real Estate Assets; (iii) intellectual property; (iv) Equity Interests in all direct Subsidiaries of any Grantor; (v) intercompany indebtedness of the Issuer and its Subsidiaries; (vi) all other assets of any Grantor, whether real, personal or mixed (including the Revenue Account and other Fixed Asset Accounts and the Fixed Asset Collateral Proceeds Account), in each case, not constituting ABL Priority Collateral prior to the discharge of ABL Obligations; (vii) to the extent evidencing, governing, securing or otherwise reasonably related to any of the foregoing, all documents, general intangibles, instruments, commercial tort claims, letters of credit, letter-of-credit-rights and supporting obligations; provided, however, that to the extent any of the foregoing also evidence, govern, secure or otherwise reasonably relate to any ABL Priority Collateral only that portion that evidences, governs, secures or reasonably relates to Notes Priority Collateral shall constitute Notes Priority Collateral; (viii) all books, records and documents related to the foregoing (including databases, customer lists and other records, whether tangible or electronic, which contain any information relating to any of the foregoing); (ix) insurance and claims against third parties to the extent arising on account of Notes Priority Collateral (excluding, however, the proceeds of and payments under all policies of business interruption insurance); and (x) all proceeds and products of any or all of the foregoing in whatever form received, but excluding any property that is directly acquired prior to the commencement of any case or proceeding under the Bankruptcy Code or any similar Bankruptcy Law with cash proceeds of any Notes Priority Collateral and does not otherwise constitute Notes Priority Collateral upon its acquisition. Subject to certain provisions of the Intercreditor Agreement, upon a discharge of ABL Obligations, all ABL Priority Collateral shall become Notes Priority Collateral.
Notes Priority Collateral means “Notes Priority Collateral” as defined in the Intercreditor Agreement.
Notes Priority Collateral means all assets of the Company and the Guarantors other than (a) the Excluded Assets and (b) the ABL Priority Collateral.
Notes Priority Collateral means the Notes Priority Collateral (as defined in the Intercreditor Agreement).
Notes Priority Collateral means any and all Collateral other than the ABL Priority Collateral. “Notice Date” shall have the meaning provided in Section 2.16(a).
Notes Priority Collateral means all Collateral other than ABL Priority Collateral, including all real estate, Equipment, Intellectual Property and Equity Interests of Subsidiaries.
Notes Priority Collateral has the meaning given to such term in the Senior Lien Intercreditor Agreement.