Intercreditor Collateral definition

Intercreditor Collateral means all “Pledged Collateral” (or equivalent term) as defined in the ABL Security Agreement as in effect on the date hereof.

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Intercreditor Collateral means ABL Collateral in which the Secured Parties have a Lien.

Intercreditor Collateral means ABL Collateral in which the Noteholder Secured Parties have a Lien.

Examples of Intercreditor Collateral in a sentence

For the avoidance of doubt, no such amendment, modification or waiver shall apply to or otherwise affect (a) any Non-Intercreditor Collateral or (b) any document, agreement or instrument which neither grants nor purports to ▇▇▇▇▇ ▇ ▇▇▇▇ on, nor governs nor purports to govern any rights or remedies in respect of, Intercreditor Collateral.
Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies the ABL Collateral Agent or the ABL Secured Parties may have with respect to the Intercreditor Collateral.
Nothing herein is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any Intercreditor Collateral.
Proceeds of Intercreditor Collateral include insurance proceeds and, therefore, the Lien Priority shall govern the ultimate disposition of insurance proceeds to the extent such insurance insures Intercreditor Collateral.
Notwithstanding the foregoing, the Intercreditor Collateral Agent shall have no duty or responsibility to exercise any discretion with respect to determining the nature of, receiving, holding and/or distributing all or any portion of the Collateral or any other collateral or funds held by the Intercreditor Collateral Agent pursuant to the terms of this Agreement.

More Definitions of Intercreditor Collateral

Intercreditor Collateral as defined in the ABL Intercreditor Agreement.

Intercreditor Collateral has the meaning assigned to such term in the applicable Intercreditor Agreement or, if no such Intercreditor Agreement is then in effect, the Indenture.

Intercreditor Collateral means, as to any Grantor, all right, title or interest of such Grantor in and to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest:

Intercreditor Collateral means the Installment Sales Agreement, the Installment Note and the Guarantee and all proceeds thereof and all proceeds of the conversion, voluntary or involuntary, of any of the foregoing into cash or other liquid property.

Intercreditor Collateral is defined in the EIGHT RECITAL hereto, together with all Proceeds therefrom.

Intercreditor Collateral means the Collateral and all other collateral in which there is a Security Interest purported to be granted to a Secured Party, other than (i) the Security Interest of the Trustee in and to the Debt Service Reserve Account referred to in the Indenture and any amounts on deposit therein and (ii) the Security Interest of any other Secured Party in any debt service reserve account maintained for the benefit of the lenders under its related Senior Debt Documents.

Intercreditor Collateral means ABL Collateral in which the Noteholder Secured Parties have a Lien. “Investment Grade Securities” means: