Revolving Loan Priority Collateral definition

Revolving Loan Priority Collateral shall have the meaning assigned to such term in the Intercreditor Agreement.

Revolving Loan Priority Collateral means all assets and properties of the Loan Parties (other than the Term Loan Priority Collateral), including without limitation the following: (i) Accounts, Receivables and payment intangibles (other than Accounts under contracts for sale of Term Loan Priority Collateral), (ii) chattel paper (other than chattel paper relating to Term Loan Priority Collateral), (iii) deposit accounts and investment accounts (and all cash, checks and other negotiable instruments, funds and other evidences of payment held therein, but not any identifiable proceeds of Term Loan Priority Collateral), (iv) investment property, (v) all Inventory, (vi) general intangibles consisting of payment intangibles, (vii) to the extent evidencing, governing, securing or otherwise related to any of the foregoing and the other Revolving Loan Priority Collateral, all documents, general intangibles (excluding all Intellectual Property, but including loans or advances payable by a Loan Party to any other Loan Party), instruments, investment property, commercial tort claims, letters of credit, supporting obligations and letter of credit rights, (viii) all books, records and documents related to the foregoing (including databases and other records, whether tangible or electronic, which contain any information relating to any of the foregoing), and (ix) all proceeds and products of any or all of the foregoing in whatever form received, and proceeds of business interruption and other insurance and claims against third parties. Extraordinary receipts constituting proceeds of judgments relating to any of the property referred to in the preceding sentence, insurance proceeds and condemnation awards in respect of any such property, indemnity payments in respect of any such property and purchase price adjustments in connection with any such property shall constitute Revolving Loan Priority Collateral.

Revolving Loan Priority Collateral means all Collateral as more particularly set forth on Annex A annexed hereto.

Examples of Revolving Loan Priority Collateral in a sentence

• In the absence of Exigent Circumstances, the Revolving Loan Agent, for itself and on behalf of the Revolving Loan Secured Parties, agrees that it will give the Collateral Agent five (5) Business Days’ prior written notice of its intention to commence any foreclosure or other action to sell or otherwise realize upon the Revolving Loan Priority Collateral.

• The parties hereto agree that all Revolving Loan Priority Collateral, whether now existing or pledged in the future in accordance with the terms of the Revolving Loan Agreement, shall be granted to both the Revolving Loan Secured Parties and the ROW Secured Parties, and that such Revolving Loan Priority Collateral shall constitute an equal part of the Collateral securing the ROW Debt and the Revolving Loan Debt.

• Such Collateral License shall be limited in duration to a period of 180 days after the date the Revolving Loan Agent commences an initial enforcement action with respect to all or a material portion of the Revolving Loan Priority Collateral (which will be binding on any successor or assignee of the Intellectual Property).

More Definitions of Revolving Loan Priority Collateral

Revolving Loan Priority Collateral means all Collateral other than Term Loan Priority Collateral.

Revolving Loan Priority Collateral means all Revolving Loan Collateral consisting of Accounts, Inventory, related Documents, Instruments, books and records, Deposit Accounts and Securities Accounts (except to the extent established to hold proceeds of Term Loan Priority Collateral), contracts giving rise to Accounts, Supporting Obligations for Accounts, payment intangibles related to any of the foregoing, claims arising from or with respect to any of the foregoing, and all products and Proceeds (in any form, including insurance proceeds) of any of the foregoing (but excluding any of the foregoing to the extent arising from the sale, lease, license, assignment or other disposition of, or constituting the identifiable Proceeds of, Term Loan Priority Collateral).

Revolving Loan Priority Collateral means the Collateral described on Schedule 1.165 hereto.

Revolving Loan Priority Collateral has the meaning of the term "ABL Priority Collateral" set forth in the Intercreditor Agreement.

Revolving Loan Priority Collateral as defined in the Closing Date Intercreditor Agreement.

Revolving Loan Priority Collateral means all of the undertaking, property and assets, present and future, of each Obligor set forth on Schedule 1.128 hereto including the Accounts and Inventory but excluding (a) the Mexican Obligor Collateral and (b) any Accounts arising from the sale of Tranche B Loan Priority Collateral.

Revolving Loan Priority Collateral means all of the undertaking, property and assets, present and future, real and personal, of US Borrowers and each Obligor including the Accounts and Inventory but excluding (a) the Mexican Obligor Collateral, (b) any Accounts arising from the sale of Tranche B Loan Priority Collateral (excluding however any Account of SMTC Mex Holdings arising from the sale of SMTC Mex Holdings Inventory sold in the ordinary course of business before the occurrence of a Priority Event) and (c) the Equipment of US Borrowers located in the United States of America and Mexico.