ClimaCool definition
ClimaCool means ClimaCool Corp., an Oklahoma corporation.
ClimaCool means ClimaCool Corp., an Oklahoma corporation. "Climate Control Business" shall mean the business consisting of the manufacture and sale of hydronic fan coils and water source heat pumps as well as other products used in commercial and residential heating, ventilation and air conditioning systems conducted by ACP, CMI, IEC, Koax, ClimateCraft, EGI and ClimaCool. "ClimateCraft" shall mean ClimateCraft, Inc., an Oklahoma Corporation. "Closing Fee" shall mean a fee in an amount equal to 3.25% of the difference of (i) the aggregate principal amount of the Notes purchased by the Purchasers at the Closing minus (ii) the aggregate amount of the proceeds from the issuance of the Notes held in the Cash Collateral Account. "CMI" shall mean Climate Master, Inc., a Delaware corporation. "COBRA" shall have the meaning set forth in Section 5.19(m) hereof. "Code" shall mean the New York Uniform Commercial Code, as in effect from time to time. "Collateral Agent" shall have the meaning set forth in the first paragraph of this Agreement. "Collateral" shall mean, collectively, the First Priority Collateral and the Second Priority Collateral. "Collateral Access Agreement" shall mean a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession of, having a Lien upon, or having rights or interests in the Inventory, in each case, in form and substance satisfactory to the Required Holders.