Other Priority Collateral definition

Other Priority Collateral means all Collateral other than the ABL First Priority Collateral.
Sample 1Sample 2Sample 3
Other Priority Collateral means (a) prior to such time as the Intermediation Provider shall have received an aggregate of $235 million of additional distributions on account of its Intermediation Secured Claims from and after the Second Amendment Date excluding the distribution of the Segregated BI Proceeds and the Debtor Retainers, all Liquidating Trust Assets (net of, with respect to excise tax refund claims, the Excise Tax Refund Deductions) not constituting ICBCS Priority Recovery Collateral and (b) at all other times, all Liquidating Trust Assets (net of, with respect to excise tax refund claims, the Excise Tax Refund Deductions).
Sample 1

Examples of Other Priority Collateral in a sentence

  • Beginning on the day following the end of the sixty (60) day notice period (the “Term Lender Funding Cessation Date”), the holders of Term Loan Claims shall permanently forgo any further distributions from the Liquidating Trust; provided further, that the Other Priority Collateral and Funding Backstop (if any) shall continue funding fifty percent (50%) of the Insurance Recovery Costs incurred during the sixty (60) day notice period in accordance with any budget previously delivered.

  • Such compensation and expenses shall be expenses of the Liquidating Trust and may be paid without prior approval of the Bankruptcy Court; provided, that, (x) unless all Allowed Intermediation Secured Claims have been paid in full in cash, the Term Loan Designees shall be paid solely from Other Priority Collateral; and (y) unless all Allowed Term Loan Secured Claims have been paid in full in cash, the ICBCS Designee shall be paid solely from ICBCS Priority Recovery Collateral.

  • Any excess funds held in the Wind-Down Reserve shall constitute Other Priority Collateral and be transferred to the General Account for application in accordance with Section 6.2.

  • At any time, upon sixty (60) days written notice to the Intermediation Provider and the Liquidating Trust, the Liquidating Trust Board may reduce the Other Priority Collateral and Funding Backstop below the Minimum Cash Amount (the date of such a “ Term Lender Funding Cessation”).

  • The Liquidating Trust shall transfer cash constituting Other Priority Collateral (as defined below) to the Insurance Pursuit Account (i) on or promptly following the Second Amendment Date, in an amount equal to $600,000 and (ii) on or promptly following the Effective Date (as defined in the Settlement Agreement), in amount an amount equal to $12,892,000, in each case to exclusively pay for Insurance Recovery Costs.

  • When asked if Sherrer told her anything about whether Bolden paid him for his position, plaintiff testified "Yes, he said Bolden had paid him for that position.

Related to Other Priority Collateral

  • Term Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

  • First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • UCC Collateral is defined in Section 3.03.

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • ABL Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any ABL Obligations.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Borrower Collateral means all of Borrower’s now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Equity Collateral shall have the meaning set forth in Section 11.6 hereof.

  • U.S. Collateral means the “Collateral” (or any equivalent term) as defined in the U.S. Security Agreement or any other applicable U.S. Security Document, together with any other assets (whether Real Property or personal property) pledged pursuant to any U.S. Security Document.

  • Possessory Collateral means any Shared Collateral in the possession of a Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First-Lien Security Documents.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Collateral has the meaning set forth in Section 2.

  • Term Loan Collateral means all assets, whether now owned or hereafter acquired by any Loan Party, in which a Lien is granted or purported to be granted to any Term Loan Secured Party as security for any Term Loan Obligation.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Shared Collateral means, at any time, Collateral in which the holders of two or more Series of First-Lien Obligations hold a valid and perfected security interest at such time. If more than two Series of First-Lien Obligations are outstanding at any time and the holders of less than all Series of First-Lien Obligations hold a valid and perfected security interest in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First-Lien Obligations that hold a valid security interest in such Collateral at such time and shall not constitute Shared Collateral for any Series which does not have a valid and perfected security interest in such Collateral at such time.

  • First Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First Lien Obligations.

  • First Lien Collateral Documents means the “Security Documents” or “Collateral Documents” or similar term (as defined in the applicable First Lien Loan Documents) and any other agreement, document or instrument pursuant to which a Lien is granted securing any First Lien Obligations or pursuant to which any such Lien is perfected.

  • Senior Collateral Documents means the Security Agreement and the other “Security Documents” as defined in the Credit Agreement, the Pari Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Senior Obligation.

  • Security Collateral with respect to any Granting Party, means, collectively, the Collateral (if any) and the Pledged Collateral (if any) of such Granting Party.