ML Facility Collateral definition
ML Facility Collateral means all right, title and interest of Ainsworth and the Guarantors in and to the equipment installed as part of the second OSB production line located at the Grande Prairie facility, the acquisition of which by Ainsworth was financed under the Merrill Lynch Facility and a trailing funds account established under the Merrill Lynch Facility, together with all parts, spare parts, renewals, components, replacements, substitutions and alternatives therefor and thereof, all manufacturer’s and other warranties applicable thereto, all intellectual property relating thereto, or the use thereof, and all attachments, increases, additions and accessions thereto, all appliances, instruments, appurtenances, accessories, furnishings, fixtures and other equipment of whatever nature from time to time incorporated in, or installed in or attached thereto and all proceeds therefrom (cash and non-cash), including the proceeds of all insurance policies thereof or other payment as indemnity or compensation for loss of or damage to such property or any right to such payment and including personal property in any form or fixtures derived directly or indirectly from any dealing with such property or proceeds therefrom and all deeds, books, accounts, invoices, letters, papers, chattel paper, documents of title, documents, disks and other records in any form, electronic or otherwise, evidencing or relating thereto; and all other rights and benefits in respect thereof; and all other “Collateral” (as defined in the Merrill Lynch Facility in effect on the Issue Date).
ML Facility Collateral means all right, title and interest of the Company and the Guarantors in and to the equipment installed as part of the second OSB production line located at the Grande Prairie facility, the acquisition of which by the Company was financed under the M▇▇▇▇▇▇ L▇▇▇▇ Facility and a trailing funds account established under the M▇▇▇▇▇▇ L▇▇▇▇ Facility, together with all parts, spare parts, renewals, components, replacements, substitutions and alternatives therefor and thereof, all manufacturer’s and other warranties applicable thereto, all intellectual property relating thereto, or the use thereof, and all attachments, increases, additions and accessions thereto, all appliances, instruments, appurtenances, accessories, furnishings, fixtures and other equipment of whatever nature from time to time incorporated in, or installed in or attached thereto and all proceeds therefrom (cash and non-cash), including the proceeds of all insurance policies thereof or other payment as indemnity or compensation for loss of or damage to such property or any right to such payment and including personal property in any form or fixtures derived directly or indirectly from any dealing with such property or proceeds therefrom and all deeds, books, accounts, invoices, letters, papers, chattel paper, documents of title, documents, disks and other records in any form, electronic or otherwise, evidencing or relating thereto; and all other rights and benefits in respect thereof; and all other “Collateral” (as defined in the M▇▇▇▇▇▇ L▇▇▇▇ Facility in effect on the Issue Date)
ML Facility Collateral means all collateral pledged in support of the obligations under the ML Facility or any other property or assets (including any shares of the Company) provided to the lenders or their agents as collateral in connection with the ML Facility, including, but not limited to:
Examples of ML Facility Collateral in a sentence
Grand Avenue will apply the Cyber Power Acquisition Purchase Price to repay in full the ML Facility (with an outstanding principal and interest balance of approximately $48,339,022 as of December 31, 2008) and will cause the release of the ML Facility Collateral, including a share charge over 54,600,652 shares of Company Common Stock, pledged by the Major Shareholder in support thereof and related share and asset charges over the shares and certain assets of the Cyber Power Group Companies.