International Collateral definition

International Collateral means all Property in or upon which a Lien is granted or purported to be granted pursuant to the International Security Documents.

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International Collateral shall have the meaning set forth in the International Security Agreement.

International Collateral means any Collateral in which a Lien is hereafter granted by a International Obligor in favor of the Collateral Agent.

Examples of International Collateral in a sentence

Any such Person shall benefit from this Article 10 to the extent provided by the Administrative Agent and the International Collateral Agent.
The Administrative Agent, the International Collateral Agent and its respective Affiliates may make loans and other extensions of credit to, acquire Equity Interests and Equity Equivalents of, engage in any kind of business with, any International Loan Party or Affiliate thereof as though it were not acting as Administrative Agent or International Collateral Agent and may receive separate fees and other payments therefor.
The Administrative Agent and the International Collateral Agent shall not be required to exercise any discretion or take, or to omit to take, any action, including with respect to enforcement or collection, except any action it is required to take or omit to take (i) under any International Loan Document or (ii) pursuant to instructions from the Required Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders).
The Liens created by the International Security Documents will constitute valid and perfected Liens on the International Collateral described therein subject in priority to no other Liens whatsoever.
Subject to the provisions of Section 11.11(a), each of the Administrative Agent, the International Collateral Agent, the International Loan Parties, the Lenders, the L/C Issuers and each of their Related Persons is authorized (but not required) to transmit, post or otherwise make or communicate, in its sole discretion, Electronic Transmissions in connection with any International Loan Document and the transactions contemplated therein.
Each of the Administrative Agent, the International Collateral Agent, each Lender and each L/C Issuer agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application made; provided, however, that the failure to give such notice shall not affect the validity of such setoff and application.
Each payment undertaking of an International Loan Party to the International Collateral Agent under this Section 10.12 is hereinafter to be referred to as a “Parallel Debt”.
The Administrative Agent and the International Collateral Agent may, upon any term or condition it specifies, delegate or exercise any of its rights, powers and remedies under, and delegate or perform any of its duties or any other action with respect to, any International Loan Document by or through any trustee, co-agent, employee, attorney-in-fact and any other Person (including any International Secured Party).
Each Lender and L/C Issuer hereby directs the Administrative Agent and the International Collateral Agent, as applicable, and the Administrative Agent and International Collateral Agent (as applicable) hereby agree, upon receipt of reasonable advance notice from the Borrower, to execute and deliver or file such documents and to perform other actions reasonably necessary to release such Liens when and as directed in this Section 10.10.
The rights under this Section 11.8 are in addition to any other rights and remedies (including other rights of setoff) that the Administrative Agent, the International Collateral Agent, the Lenders and the L/C Issuers and their Affiliates and other International Secured Parties may have.

More Definitions of International Collateral

International Collateral means the following: (i) All presently existing or hereafter acquired or created accounts which are, have been or will be arising from the export of goods and services or from the sale of goods and services destined for export (any and all of the foregoing being the "International Accounts"); (ii) All inventory in all of its forms, wherever located, now or hereafter existing and whether acquired by purchase, merger or otherwise and all raw materials and work in process therefor, all finished goods thereof and all materials used or consumed in the manufacture, packing, shipping, advertising, selling, leasing or production thereof, and all accessions thereto and products thereof, including in any event all accessions thereto and products thereof, which inventory and accessions and products are, have been or will be part of or used in goods or services exported or in goods or services sold destined for export, or will be designated as export-related (any and all such inventory, accessions and products being the "International Inventory"); (iii) All General Intangibles, claims, choses in action and all rights now or hereafter existing, acquired or created, arising under or in connection with any contract for the sale or performance of goods and services destined for export, including the right to payment thereunder not yet earned by performance and not yet evidenced by an International Account (including, without limitation, all of Grantor's rights under any Export Order or Indirect Export Order) and all rights to receive payments under any letter of credit related to the foregoing (any and all of the foregoing being the "International Contract Rights"); and (iv) The proceeds (cash and non-cash) of the International Accounts, the International Inventory and the International Contract Rights described in the foregoing clauses (i), (ii) and (iii) (including, without limitation, the proceeds of any sale or other disposition of such International Collateral) whether now existing or hereafter at any time or from time to time arising (the "International Proceeds").