Notes Collateral definition

Notes Collateral means all property subject, or purported to be subject from time to time, to a Lien under any Security Documents.

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Notes Collateral means any and all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Notes Obligations.

Notes Collateral means the portion of the Collateral as to which the Notes and the Guarantees have a first-priority security interest (subject to any Permitted Liens).

Examples of Notes Collateral in a sentence

• Promptly following the existence of any ABL Default, the ABL Agent shall provide notice thereof to each Notes Collateral Agent (provided that the failure of the ABL Agent to give such notice shall not result in any liability to the ABL Agent or affect the enforceability of any provision of this Agreement).

• In entering into this Agreement, or in taking (or forbearing from) any action under or pursuant to this Agreement, the First-Out Notes Collateral Agent shall have and be protected by all of the rights, immunities, indemnities and other protections granted to it under the First-Out Note Documents.

• The foregoing shall not be construed to prohibit any Notes Collateral Agent from enforcing the provisions of this Agreement or otherwise acting in accordance with this Agreement.

• The ABL Agent, for and on behalf of itself and the ABL Secured Parties, agrees that no payment to a Notes Collateral Agent or any Notes Claimholder pursuant to the provisions of this Agreement shall entitle the ABL Agent or any ABL Secured Party to exercise any rights of subrogation in respect thereof until the Discharge of Notes Obligations shall have occurred.

• The Second-Out Notes Collateral Agent shall have no duties or obligations under or pursuant to this Agreement other than such duties as may be expressly set forth in this Agreement.

More Definitions of Notes Collateral

Notes Collateral means all property subject, or purported to be subject from time to time, to a Lien under any Security Documents. The Notes Collateral does not include the Excluded Assets. The Notes Collateral includes any license described in the last sentence of Section 4.14.

Notes Collateral means (i) at any time that there is no ABL Facility in place, all Collateral and (ii) at any time that there is an ABL Facility in place subject to the Collateral Trust and Agency Agreement, all Collateral other than ABL Collateral..

Notes Collateral means all now owned or hereafter acquired Collateral other than the Revolving Credit Primary Collateral, including, without limitation:

Notes Collateral shall include (as provided in Section 3.4 below) identifiable proceeds (including lease payments under leases of Equipment) of Notes Collateral that are deposited or held in any Deposit Accounts or Securities Accounts, in each case other than the Net Cash Proceeds Account, after an Enforcement Notice, except to the extent that the Notes Collateral Agent has been provided with a Net Cash Proceeds Letter of Credit, in connection with the receipt by any Grantor of, and in the amount of, such identifiable proceeds in which case the term “Notes Collateral” shall not include such identifiable proceeds.

Notes Collateral means “Noteholder First Lien Collateral” as defined in the Intercreditor Agreement.

Notes Collateral means “Notes Priority Collateral” as such term is defined in the Intercreditor Agreement.

Notes Collateral means the portion of the Collateral as to which the First Lien Notes Secured Parties have a first-priority security interest subject to certain Permitted Liens.