Examples of ABL Security Agreement in a sentence
Unless otherwise defined herein, terms defined in the ABL Security Agreement and used herein have the meaning given to them in the ABL Security Agreement.
Capitalized terms used but not defined herein have the meanings assigned in the Credit Agreement, the ABL Credit Agreement, the Security Agreement or the ABL Security Agreement, as applicable, unless otherwise noted herein.
The remaining earnings (“undistributed earnings”) are allocated to Class A Common Stock (“CLA”) and Class B Common Stock (“CLB”) to the extent each security may share in earnings as if all the earnings for the period had been distributed.
Notwithstanding anything to the contrary contained in this Agreement, the priorities with respect to all security interests granted to the Collateral Agent hereunder and under the other Credit Documents and to the ABL Collateral Agent under the ABL Security Agreement and the other ABL Credit Documents shall be governed by the terms and provisions of the Intercreditor Agreement.
The Borrower shall not designate any Deposit Account or Securities Account as a “Pledged Account” under the ABL Security Agreement unless the Borrower shall have provided prior or contemporaneous written notice of such designation to the Collateral Agent, accompanied by a certificate of an Authorized Officer of the Borrower certifying that such Deposit Account or Securities Account, as the case may be, complies and will continue to comply with the requirements of this paragraph.