Term Loan Primary Collateral definition

Term Loan Primary Collateral means all “Collateral” as described in Annex B; provided, however, that to the extent that identifiable proceeds of Revolving Credit Primary Collateral are deposited or held in any Deposit Accounts or Securities Accounts that constitute Term Loan Primary Collateral, then (as provided in Section 3.5 below) such Collateral or other identifiable proceeds shall be treated as Revolving Credit Primary Collateral.
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Term Loan Primary Collateral has the meaning specified in the Intercreditor Agreement.
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Term Loan Primary Collateral means the Eligible Equipment of Borrowers listed in Schedule 1.2 attached hereto.
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Examples of Term Loan Primary Collateral in a sentence

  • Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of the Term Loan Primary Collateral upon foreclosure, to incur expenses in connection with such sale or other disposition, and to exercise all the rights and remedies of a secured creditor under the UCC and of a secured creditor under the Bankruptcy Laws of any applicable jurisdiction.

  • During any such Mortgage Access Period, the Term Loan Collateral Agent and its representatives (and persons employed on their behalf) may continue to operate, service, maintain, process and sell the Term Loan Primary Collateral, as well as to engage in bulk sales of Term Loan Primary Collateral.

  • The members of the governing body shall, after adopting a joint resolution, give notice by publication once each week for two(2) consecutive weeks in a newspaper of general circulation, if any, in each of the school corporations.

  • Nothing contained herein shall be construed to in any way limit the right of the Term Loan Collateral Agent to object to any motion or other application by the Revolving Credit Collateral Agent seeking relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Term Loan Primary Collateral.

  • The Revolving Credit Collateral Agent and the Term Loan Collateral Agent shall cooperate and use reasonable efforts to ensure that their activities during the Equipment Access Period as described above do not interfere materially with the activities of the other as described above, including the right of the Term Loan Collateral Agent to show the Term Loan Primary Collateral to prospective purchasers and to ready the Term Loan Primary Collateral for sale.

  • Credit Documents to such sale or other disposition and (B) the Liens, if any, of the Revolving Credit Collateral Agent, for itself or for the benefit of the Revolving Credit Claimholders, on the Term Loan Primary Collateral sold or disposed of in connection with such exercise, shall be automatically, unconditionally and simultaneously released.

  • To the extent any proceeds are received for business interruption or for any liability or indemnification and those proceeds are not compensation for a casualty loss with respect to the Term Loan Primary Collateral, such proceeds shall first be applied to repay the Revolving Credit Obligations and then be applied, to the extent required by the Term Loan Documents, to the Term Loan Obligations.

  • In exercising rights and remedies with respect to the Term Loan Primary Collateral, the Term Loan Collateral Agent and the Term Loan Claimholders may enforce the provisions of the Term Loan Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.

  • Revolving Credit Collateral Agent shall take proper care of the Equipment that is used by Revolving Credit Collateral Agent during the Equipment Access Period with respect thereto and repair and replace any damage (ordinary wear-and-tear excepted) caused by Revolving Credit Collateral Agent or its agents, representatives or designees and Revolving Credit Collateral Agent shall comply with all applicable laws in connection with its use of any of the Term Loan Primary Collateral.

  • The Revolving Credit Collateral Agent, on behalf of itself and the Revolving Credit Claimholders, agrees that the Term Loan Claimholders and the Term Loan Collateral Agent have no duty to them in respect of the maintenance or preservation of the Term Loan Primary Collateral, the Term Loan Obligations or otherwise.


More Definitions of Term Loan Primary Collateral

Term Loan Primary Collateral or "Revolving Loan Primary Collateral"; (ii) in writing and signed by all Revolving Lenders, to do any of the following: (1) increase the aggregate Revolving Loan Commitments, (2) reduce the principal of, or interest on, any amount payable hereunder in respect of Revolving Credit Loans or under any Revolving Note, or any fees or expenses related thereto, other than those payable only to Fleet in its capacity as Agent, which may be reduced by Fleet unilaterally, (3) decrease any interest rate payable hereunder in respect of the Revolving Credit Loans, (4) postpone any date fixed for any payment of principal of, or interest on, any amounts payable hereunder, each other than those payable only to Fleet in its capacity as Agent, which may be postponed by Fleet unilaterally, and other than in respect of the Term Loan and the Term Loan Notes, (5) change the definition of the term Availability Block or (6) amend the definition of the terms "Majority Revolving Lenders" and "Supermajority Revolving Lenders"; (iii) in writing and signed by all Term Lenders affected thereby, to do any of the following: (1) reduce the principal of, or interest on, any amount payable in respect of the Term Loan or under any Term Note, including any fees or expenses related thereto, (2) decrease any interest rate payable hereunder in respect of the Term Loan, (3) postpone any date fixed for any payment of principal of, or interest on, any amounts payable hereunder in respect of the Term Loan or the Term Notes or any fees or expenses related thereto, (4) amend the definition of the terms "Majority Term Lenders", "Term Loan", "Term Lender" or "Term Loan Representative", (5) amend any provision hereof that requires Agent to act at the direction of Majority Term Lenders or the Term Loan Representative, (6) increase the number of Lenders or any class of Lenders or any of them required to take any action in the case of any action requiring the consent solely of Majority Term Lenders, (7) release any Lien on any Collateral except in connection with a sale or other disposition pursuant to subsection 8.2.9, (8) amend or waive any provision of Section 5.1, 5.2, 5.3, 5.4, 6.1, 8.1.10 or 8.2.5 as it relates to the Term Loan Primary Collateral, (9) amend any provision of Section 1.3, 2.6 or 8.2.9 or (10) modify any rights expressly granted to the Term Loan Representative or any Term Lender; (iv) in writing and signed by Majority Term Lenders, to amend any Mortgage; (v) in writing and signed by Agent...
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Term Loan Primary Collateral means the “Term Loan Priority Collateral” as defined in the Term Loan Intercreditor Agreement (Xxxxx).
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Related to Term Loan Primary Collateral

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

  • 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.

  • 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.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Letter of Credit Collateral has the meaning specified in Section 6.02(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

  • Term Loan as defined in Section 2.1.

  • Letter of Credit Collateral Account has the meaning assigned to such term in Section 2.05(k).

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

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

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

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

  • Term Loan Credit Agreement shall have the meaning set forth in the recitals hereto.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility