Revolving Credit Priority Collateral definition

Revolving Credit Priority Collateral means all “Revolving Credit Priority Collateral” as defined in the Intercreditor Agreement.

Revolving Credit Priority Collateral shall have the meaning provided to such term in the Intercreditor Agreement.

Revolving Credit Priority Collateral means, all present and future right, title and interest of the Company and each other Obligor in and to the following, whether now owned or hereafter acquired, existing or arising, and wherever located:

Examples of Revolving Credit Priority Collateral in a sentence

• In no event will any of the Term Loan Creditors seek to obtain a priming Lien on any of the Revolving Credit Priority Collateral and nothing contained herein shall be deemed to be a consent by Revolving Creditors to any adequate protection payments using Revolving Credit Priority Collateral.

• If at any time no Revolving Credit Agreement shall be in effect, the Term Loan Agent shall be entitled to act a Primary Priority Secured Creditor in respect of the Term Loan Priority Collateral and the Revolving Credit Priority Collateral for all purposes of this Agreement.

• Liquidity risk can also stem from investing activity, due to potential liquidity gaps deriving from the management of the asset portfolio as well as from a potentially insufficient level of liquidity in case of disposals (e.g. capacity to sell adequate amounts at a fair price and within a reasonable timeframe).

• Except for financing statements filed by or on behalf of Agent and financing statements filed by the agent under the Revolving Facility related to Revolving Credit Priority Collateral, as of the Closing Date, there are no effective financing statements covering any of the Collateral or any proceeds thereof on file in any applicable jurisdiction.

• Subject to the Intercreditor Agreement and the terms hereof, proceeds payable under any policy with respect to any Revolving Credit Priority Collateral (as such term is defined in the Intercreditor Agreement) shall, at Administrative Agent’s option or at the direction of Required DDTL Approving Lenders, be payable to Administrative Agent on behalf of the Lending Parties on account of the Obligations.

More Definitions of Revolving Credit Priority Collateral

Revolving Credit Priority Collateral has the meaning set forth in Section 8.03(f).

Revolving Credit Priority Collateral means all now owned or hereafter acquired: (a) Accounts, other than “payment intangibles” (as defined in Article 9 of the UCC) which constitute identifiable proceeds of Pari Passu Priority Collateral, (b) all Inventory or documents of title for any Inventory; (c) Deposit Accounts (other than any Deposit Accounts that are Net Cash Proceeds Accounts), Securities Accounts (other than any Securities Accounts that are Net Cash Proceeds Accounts), Instruments (solely to the extent constituting or evidencing obligations owing (i) for property that has been sold, leased, licensed, assigned or otherwise disposed of or (ii) for services rendered or to be rendered, and excluding Intercompany Notes of Subsidiaries) and Chattel Paper (solely to the extent constituting or evidencing obligations owing (i) for property that has been sold, leased, licensed, assigned or otherwise disposed of or (ii) for services rendered or to be rendered); provided, however, that to the extent Instruments or Chattel Paper that constitute identifiable proceeds of Pari Passu Priority Collateral are deposited or held in any such Bank Accounts or Securities Accounts after an Enforcement Notice, then (as provided in Section 5.5) such Instruments, Chattel Paper or other identifiable proceeds shall be treated as Pari Passu Priority Collateral, as the case may be; (d) Revolving Credit General Intangibles; (e) right, title and interest in and to any Receivables Purchase Agreement; (f) any credit insurance policy maintained with respect to Accounts of any Loan Party; (g) Records, Letters of Credit, Letter of Credit Rights, “supporting obligations” (as defined in Article 9 of the UCC), commercial tort claims or other claims and causes of action, in each case, to the extent related primarily to any of the foregoing; and (h) substitutions, replacements, accessions, products and proceeds (including insurance proceeds, licenses, royalties, income, payments, claims, damages and proceeds of suit) of any or all of the foregoing.

Revolving Credit Priority Collateral means the “ABL Priority Collateral” as defined in the Intercreditor Agreement.

Revolving Credit Priority Collateral means all of each Loan Party’s now owned or hereafter acquired Revolving Credit Collateral that constitutes:

Revolving Credit Priority Collateral in the Intercreditor Agreement.

Revolving Credit Priority Collateral means all “Collateral” as described in Annex A.

Revolving Credit Priority Collateral means (i) all deposit accounts of any Loan Party (other than Excluded Accounts) as well as all funds on deposit therein, (ii) all Accounts of any Loan Party, (iii) all hydrocarbon Inventory of any Loan Party, (iv) all related instruments, letters of credit, letter of credit rights, credit support, insurance, chattel paper, documents, supporting obligations, related payment intangibles, cash, cash equivalents, other related rights, claims, causes of action, books and records, accounting systems and other similar personal property of any Loan Party and (v) any proceeds or products of any of the foregoing. For the avoidance of doubt, “Revolving Credit Priority Collateral” shall not include (x) any plant, property or equipment of any Loan Party or (y) any Purchased Receivables Collateral.