ABL Priority Collateral definition
ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.
ABL Priority Collateral means all Collateral consisting of the following:
ABL Priority Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.
Examples of ABL Priority Collateral in a sentence
The obligations of the Company and the Guarantors to the Purchasers under the Senior Notes shall be secured by (a) a first-priority lien, subject to Permitted Liens, in the Notes Priority Collateral and (b) perfected, second priority security interests (subject to Permitted Liens) in the ABL Priority Collateral.
The Notes and the Guarantees will be secured by first-priority Liens and security interests on the Notes Priority Collateral and by second-priority Liens and security interests on the ABL Priority Collateral subject to the terms and conditions set forth in the Indenture, the Security Documents and the Intercreditor Agreements.
More Definitions of ABL Priority Collateral
ABL Priority Collateral shall have the meaning assigned to such term in the ABL/Term Loan Intercreditor Agreement.
ABL Priority Collateral means all now-owned or hereafter acquired ABL Collateral that constitutes:
ABL Priority Collateral as defined in the ABL/Term Loan Intercreditor Agreement whether or not the same remains in full force and effect.
ABL Priority Collateral means all Collateral consisting of the following (including for the avoidance of doubt, any such assets that, but for the application of Section 552 of the Bankruptcy Code (or any similar provision of any foreign Debtor Relief Laws), would be ABL Priority Collateral):
ABL Priority Collateral means “ABL Priority Collateral” as defined in the Intercreditor Agreement.
ABL Priority Collateral with respect to each Grantor, all such Grantor’s now existing or hereinafter arising (i) Inventory, (ii) Receivables, (iii) any and all Instruments, Documents, Chattel Paper (including Electronic Chattel Paper) and other contracts, in each case evidencing or substituted for any Receivable, (iv) guarantees, Supporting Obligations, Letter-of-Credit Rights, security and other credit enhancements for the Receivables, (v) Documents with respect to Inventory, (vi) claims and causes of action in any way relating to any of the Receivables or Inventory, (vii) Deposit Accounts, including lockbox and securities accounts, into which any proceeds of Receivables or Inventory are deposited (including all cash, Cash Equivalents (as defined in the ABL Financing Agreement), Financial Assets and other funds on deposit therein or credited thereto) but only with respect to and including such Proceeds of ABL Priority Collateral, (viii) rights to any Goods represented by any of the foregoing, including rights to returned, reclaimed or repossessed Goods, (ix) reserves and credit balances arising in connection with or pursuant thereto, (x) unpaid seller’s or lessor’s rights (including rescission, replevin, reclamation, repossession and stoppage in transit) relating to the foregoing or arising therefrom, (xi) insurance policies or rights relating to any of the foregoing, (xii) General Intangibles pertaining to any and all of the foregoing (including all rights to payment, including those arising in connection with bank and non-bank credit cards), (xiii) promissory notes, deposits or property of Account Debtors securing the obligations of any such Account Debtors to the Grantors or any one of them and (xiv) all books and records (and any electronic media and software related thereto) pertaining to any of the foregoing, and all substitutions, replacements, Accessions, products or Proceeds (including, without limitation, insurance proceeds, cash and Cash Equivalents) of any of the foregoing; provided, however, that, as certified by the chief financial officer of the Company, any Collateral, regardless of type, received in exchange for ABL Priority Collateral pursuant to the terms of the ABL Financing Agreement and the Term Loan/Euro RCF Agreement shall be treated as ABL Priority Collateral under this Agreement, the Term Loan/Euro RCF Security Agreements and the ABL Security Agreements; provided, further, that as certified by the chief financial officer of the Company, any Collateral o...
ABL Priority Collateral has the meaning specified in the ABL Intercreditor Agreement.