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 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 as defined in the ABL/Term Loan Intercreditor Agreement whether or not the same remains in full force and effect.

ABL Priority Collateral means “ABL Priority Collateral” as defined in the Intercreditor Agreement.

ABL Priority Collateral means any and all of the following Collateral now owned or at any time hereafter acquired by Holdings, the Company or any other Grantor to the extent a security interest in such Collateral has been or may hereafter be granted to the ABL Facility Collateral Agent under the ABL Facility Security Documents: (a) all Accounts (except for identifiable accounts arising out of the sale of Notes Priority Collateral); (b) all Inventory; (c) to the extent evidencing, governing, securing or otherwise related to the items referred to in the preceding clauses (a) and (b), all (i) General Intangibles, (ii) Chattel Paper, (iii) Instruments and (iv) Documents; (d) all Payment Intangibles (including corporate tax refunds), other than any Payment Intangibles that represent tax refunds in respect of or otherwise relate to Real Estate Assets, Fixtures or Equipment; (e) all indebtedness (other than intercompany Indebtedness) owing to Holdings or any of its subsidiaries that arises from cash advances made after the date hereof to enable the obligor or obligors thereon to acquire Inventory (including without limitation, all payments received from Pledgors’ credit card clearing houses and processors or otherwise in respect of all credit card charges for sales of inventory by the Pledgors); (f) all collection accounts, deposit accounts, lockboxes, securities accounts and commodity accounts and any cash or other assets in any such accounts (other than separately identified cash proceeds in respect of Real Estate Assets, Fixtures or Equipment or any other Notes Priority Collateral); (g) to the extent relating to any of the items referred to in the preceding clauses (a) through (f) constituting ABL Priority Collateral, all Supporting Obligations and letter-of-credit rights; (h) books and records related to the foregoing; and (i) all products and proceeds of any and all of the foregoing in whatever form received, including proceeds of insurance policies related to Inventory of any Grantor and business interruption insurance and all collateral security and guarantees given by any Person with respect to any of the foregoing (in each case, except to the extent constituting identifiable products and proceeds of Notes Priority Collateral that would not otherwise constitute ABL Priority Collateral pursuant to clauses (a) through (h)). All capitalized terms used in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC.

ABL Priority Collateral has the meaning specified in the ABL Intercreditor Agreement.