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

  • 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.

  • 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.

  • 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.

  • 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.

  • Please allow for one extra business day when sending your files to the Desjardins Data Centre on or around these dates.

  • 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.

  • The Term Loan Agent agrees to turn over to the Revolving Agent with appropriate endorsements any Term Loan Primary Collateral in its possession upon payment in full of the Priority Term Loan Debt in cash.

  • The 64 DCT basis blocks were used as the fixed dictionary blocks.

  • In the event of any conflict or inconsistency between the provisions of the Intercreditor Agreement and this Agreement with respect to the Term Loan Primary Collateral, the provisions of the Intercreditor Agreement shall control.

  • Borrower shall deliver certified copies of such policies to Agent as promptly as practicable, with satisfactory lender's loss payable endorsements, naming Agent as a loss payee, assignee or additional insured, as appropriate, as its interest may appear, and showing only such other loss payees, assignees and additional insureds as are satisfactory to Agent and, with respect to the Term Loan Primary Collateral, the Majority Term Lenders.


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 of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • 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 B Facility means the facility described in Section 2.01(b) providing for an advance of the Term Loan B to the Borrower by the Term Loan B Lenders in the original principal amount of $565,000,000, as adjusted from time to time pursuant to the terms of this 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 provided in Section 6.4.

  • 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 has the meaning specified in Section 2.01(b).

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under the sole dominion and control of the Administrative Agent.

  • Term Loan C has the meaning set forth in Section 2.2(c).

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

  • 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” 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 has the meaning set forth in the recitals to this Agreement.

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