Working Capital Collateral definition

Working Capital 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 Working Capital Obligations.

Working Capital Collateral means the collateral, including (i) all accounts receivable for goods sold and services rendered by Company or any of Company’s Subsidiaries, and rents license fees, and “payment intangibles” (as that term is defined in the UCC now or hereafter in effect) in respect of the foregoing and all proceeds or any of the foregoing (“Accounts”) (including, without limitation, all Accounts constituting proceeds of inventory); (ii) all rights of enforcement and collection, remedies, guarantees, supporting obligations, letter-of-credit rights and security interests, in each case, in respect of the Accounts; (iii) all books and records, information and data evidencing or describing the Accounts, whether compiled or derived by Company or any of its subsidiaries or to which the Company or any of its subsidiaries is entitled, in whatever form or medium, that at any time evidence or contain information relating to any of the Accounts or are otherwise necessary or helpful in the collection thereof or realization thereon; (iv) the lockbox where the proceeds of Accounts are deposited (including any and all funds and other payments deposited therein); (v) all accessions and additions to, and substitutions and replacements of, any and all of the foregoing; and (vi) all proceeds and products of the foregoing (including, without limitation, payment intangibles, as such term is defined in the UCC), securing the Permitted Working Capital Facility, on which Xxxxxxx Xxxxx has a Lien pursuant to the Working Capital Facility Security Agreement.

Working Capital Collateral means the following property of Jupiter, in each case, whether now owned or existing or hereafter created, acquired or arising and wherever located: (a) Jupiter’s Accounts; (b) Jupiter’s Inventory, merchandise, materials, whether raw, work in progress or finished goods, packaging and shipping materials and all other tangible property held for sale or lease; (c) Proceeds of any of the foregoing, including Cash Proceeds and other non-cash Proceeds, and proceeds of any insurance policies covering any of the of the foregoing; (d) the Collections Account, (e) Jupiter’s records, to the extent related to any of the foregoing, including all books, records and other property at any time evidencing or relating to any of the foregoing, and all electronic means of storing such records; (f) to the extent not otherwise included above, all collateral support and Supporting Obligations relating to any of the foregoing; and (g) to the extent not otherwise included above, all products and accessions of or in respect of any of the foregoing.

Examples of Working Capital Collateral in a sentence

• The parties hereto agree that it is their intention that the Working Capital Collateral, the Term Loan Collateral and the Additional Collateral be identical.

• All Liens on the Working Capital Collateral securing any Working Capital Indebtedness shall be and remain senior in all respects and prior to all Liens on the Working Capital Collateral securing any other Indebtedness for all purposes.

• At any time that an Event of Default exists, DIP Lender shall be authorized to use any Springing Lien Collateral (whether or not constituting Collateral), including, without limitation, any furniture or equipment of Debtors, and any used or leased premises of a Debtor, in connection with DIP Lender's sale, collection or other disposition of any of the Working Capital Collateral.

• At the end of each calendar quarter, the Lender shall have received an officer certificate from the Facility A Borrower setting forth in reasonable detail the value of each type of collateral included in the Working Capital Collateral, which shall be no less than the aggregate principal amount of loans under the Working Capital Facility outstanding on such date.

• If the Fixed Asset Collateral Trustee or any Fixed Asset Claimholder shall, at any time, receive any proceeds of any insurance policy or award with respect to any Working Capital Collateral, it shall pay such proceeds to the Working Capital Agent and promptly notify the Company of such payment.

More Definitions of Working Capital Collateral

Working Capital Collateral means all of the Borrowing Base Type Collateral and all other Collateral.

Working Capital Collateral has the meaning set forth in the Subordination Agreement.

Working Capital Collateral means the following assets and property of the Company and any of the Guarantors, now owned or hereafter acquired or in which the Company or any Guarantor now has or hereafter acquires any interest:

Working Capital Collateral is defined in the definition of "Collateral".

Working Capital Collateral means (a) the inventory, spare parts and mobile equipment of Inland and the Restricted Subsidiaries, whether now owned or hereafter acquired (and the proceeds thereof and the related books, records and other property incidental thereto), and (b) the Capital Stock of Ispat Inland Administrative Service Company and all notes receivable and accounts receivable by Inland from Ispat Inland Administrative Service Company (and the proceeds thereof), in each case to the extent pledged under and as more fully described in the Working Capital Security Documents.

Working Capital Collateral means any property of the Company and its Subsidiaries securing any Working Capital Facility.

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