RCF Collateral definition

RCF Collateral means all assets, whether now owned or hereafter acquired, existing or arising by any Loan Party and wherever located, in which a Lien is granted or purported to be granted to any RCF Creditor as security for any RCF Obligations, including the RCF Priority Collateral and the Other Collateral.
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RCF Collateral means any assets required to be pledged to the secured parties under the Amended and Restated Security Agreement dated July 12, 2002 among the Company, the Subsidiary Guarantors and PNC Bank, National Association, as agent, pursuant to the terms thereof as in effect as of the Issue Date and without giving effect to any amendments thereto.
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RCF Collateral has the meaning given to that term in the Intercreditor Agreement.
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Examples of RCF Collateral in a sentence

  • Any notes that Recipient creates regarding the Confidential Information shall also be deemed Confidential Information.

  • Subject to Section 4.6(b), the Term Loan/Euro RCF Collateral Agent shall pay over to the ABL Administrative Agent all remaining moneys and other property held by the Term Loan/Euro RCF Collateral Agent or received by the Term Loan/Euro RCF Collateral Agent with respect to the Term Loan/Euro RCF Priority Collateral on or prior to the first Business Day falling after the Term Loan/Euro RCF Obligations have been paid in full in cash and the related commitments have been terminated.

  • Unless and until the Discharge of ABL Obligations has occurred, all proceeds of any such insurance policy or any such award with respect to the ABL Priority Collateral shall be paid to the ABL Administrative Agent to the extent provided under the ABL Documents and thereafter to the Term Loan/Euro RCF Collateral Agent to the extent provided under the Term Loan/Euro RCF Documents and then to the owner of the subject property or as a court of competent jurisdiction may otherwise direct.

  • Subject to Section 4.6(b), the Term Loan/Euro RCF Collateral Agent further covenants and agrees that after payment in full in cash of the Term Loan/Euro RCF Obligations, the Term Loan/Euro RCF Collateral Agent shall take all actions and do all things reasonably requested by the ABL Administrative Agent to promptly transfer or assign any Term Loan/Euro RCF Priority Collateral (or interest therein) to the ABL Administrative Agent for the purpose of perfecting and protecting the ABL Second Priority Lien.

  • The Company agrees that each ABL Security Document and Term Loan/Euro RCF Security Document shall include the following language (or language to similar effect approved by the ABL Administrative Agent and Term Loan/Euro RCF Collateral Agent): “Intercreditor Agreement.

  • With respect to the Term Loan/Euro RCF Priority Collateral identified in clause (ii) above, the Term Loan/Euro RCF Collateral Agent shall not transfer to any other Person or return or reassign to the Grantors possession or control of any such Term Loan/Euro RCF Priority Collateral unless the ABL Administrative Agent shall have consented thereto or all ABL Obligations have been satisfied in full.

  • With respect to the ABL Priority Collateral identified in clause (ii) above, the ABL Administrative Agent shall not transfer to any other Person or return or reassign to the Grantors possession or control of any such ABL Priority Collateral unless the Term Loan/Euro RCF Collateral Agent shall have consented thereto or all Term Loan/Euro RCF Obligations have been satisfied in full.

  • BKRF shall deliver to Vitol copies of each Borrowing Base Certificate as and when required to be delivered to the Administrative Agent pursuant to Section 2.12 (Weekly Determinations; Borrowing Base Certification) of the RCF Agreement, and shall notify Vitol of any adjustment to the Borrowing Base Certificate made by the Administrative Agent pursuant to Section 5.27 (RCF Collateral Administration) of the RCF Agreement.

  • Subject to Section 4.6(b), the ABL Administrative Agent further covenants and agrees that after payment in full of the ABL Obligations, the ABL Administrative Agent shall take all actions and do all things reasonably requested by the Term Loan/Euro RCF Collateral Agent to promptly transfer or assign any ABL Priority Collateral (or interest therein) to the Term Loan/Euro RCF Collateral Agent for the purpose of perfecting and protecting the Term Loan/Euro RCF Second Priority Lien.

  • Subject to Section 4.6(b), the ABL Administrative Agent shall pay over to the Term Loan/Euro RCF Collateral Agent all remaining moneys and other property held by the ABL Administrative Agent in the ABL Collateral Account or received by the ABL Administrative Agent with respect to the ABL Priority Collateral on or prior to the first Business Day falling after the ABL Obligations have been satisfied in full.


More Definitions of RCF Collateral

RCF Collateral means collateral subject to the RCF Collateral Documents.
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Related to RCF Collateral

  • Priority Collateral means the ABL Priority Collateral or the Term Priority Collateral, as applicable.

  • ABL Priority Collateral has the meaning set forth in the Intercreditor Agreement.

  • U.S. Collateral means any and all property owned, leased or operated by a Person covered by the U.S. Collateral Documents and any and all other property of any U.S. Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Secured Obligations.

  • UCC Collateral is defined in Section 3.03.

  • ABL Collateral means 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 ABL Obligations.