Revolving Credit Priority Collateral definition

Revolving Credit Priority Collateral means all “Revolving Credit Priority Collateral” as defined in the Intercreditor Agreement.

Revolving Credit Priority Collateral shall have the meaning provided to such term in the Intercreditor Agreement.

Revolving Credit Priority Collateral means, all present and future right, title and interest of the Company and each other Obligor in and to the following, whether now owned or hereafter acquired, existing or arising, and wherever located:

Examples of Revolving Credit Priority Collateral in a sentence

• Except for financing statements filed by or on behalf of Agent and financing statements filed by the agent under the Revolving Facility related to Revolving Credit Priority Collateral, as of the Closing Date, there are no effective financing statements covering any of the Collateral or any proceeds thereof on file in any applicable jurisdiction.

• Until the Revolving Credit Obligations Payment Date, the Term Loan Administrative Agent agrees, on behalf of itself and the other Term Loan Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Revolving Credit Priority Collateral, without the prior written consent of the Revolving Lender.

• So long as the Revolving Credit Termination Date has not occurred, the Revolving Lender, shall have the exclusive right, subject to the rights of the Revolving Borrowers under the applicable Documents, to settle and adjust claims in respect of the Revolving Credit Priority Collateral under policies of insurance and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu of condemnation, in respect of the Revolving Credit Priority Collateral.

• Promptly following the Term Loan Termination Date or Revolving Credit Termination Date, as the case may be, BFI or the Revolving Lender, as the case may be, shall, upon the request of the Revolving Lender or BFI, as the case may be, deliver the remainder of the Revolving Credit Priority Collateral, if any, in its possession to the designee of the requesting Secured Creditor (except as may otherwise be required by applicable law or court order).

• Not later than one Business Day following the receipt of any Net Cash Proceeds of any Asset Sale, Borrowers shall, and shall cause their Subsidiaries to, apply 100% of the Net Cash Proceeds received with respect thereto to make prepayments in accordance with Section 2.10(f); provided that, prior to the repayment in full of the Term Loan Indebtedness, only Net Cash Proceeds from Asset Sales of Revolving Credit Priority Collateral shall be subject to the provisions of this Section 2.10(b).

More Definitions of Revolving Credit Priority Collateral

Revolving Credit Priority Collateral has the meaning set forth in Section 8.03(f).

Revolving Credit Priority Collateral means all right, title and interest of the Revolving Borrowers in and to the following types of property, whether now owned or hereafter created, acquired or arising and wherever located: (i) all Payment Rights; (ii) all Inventory; (iii) all Documents relating to or evidencing any Inventory; (iv) all rights, remedies, security and liens, in, to and in respect of the types of property referred to in clauses (i), (ii) or (iii) above, including rights of stoppage in transit, replevin, repossession and reclamation and other rights and remedies of an unpaid vendor, lien or secured party, guaranties or other contracts of suretyship with respect to the Accounts and Inventory, deposits or other security for the obligation of any account debtor obligated on or in connection with any Account, and credit and other insurance relating to any Account; (v) all items of Inventory relating to, or which by sale have resulted in, Payment Rights, including all items of Inventory described in invoices or other documents or instruments with respect to, or otherwise representing or evidencing, any Payment Rights, and all returned, reclaimed or repossessed items of Inventory pertaining to any Payment Right; (vi) all amounts on deposit in the Lock-Box Account, except to the extent that any such amounts have been identified as proceeds of Term Loan Priority Collateral; (vii) all amounts on deposit in any Term Loan Priority Account, in each case, to the extent that any such amounts have been identified as proceeds of Revolving Credit Priority Collateral; (viii) all contracts and agreements for the sale of Inventory; (ix) all books, records, ledger cards, computer programs, software and other property at any time evidencing or relating to any or all of the foregoing; and (x) subject to the limitations set forth in clauses (vi) and (vii) of this definition, all proceeds of any of the items described in clauses (i) through (ix) above, in any form (including any insurance proceeds or claims by any Revolving Borrower against third parties, for loss or damage to or destruction of any or all of the foregoing). Notwithstanding the foregoing, in no event shall property that is otherwise Revolving Credit Priority Collateral constitute Term Loan Priority Collateral due to the fact that it was acquired by a Revolving Obligor with the cash proceeds of Term Loan Priority Collateral, and no proceeds of an advance under the Revolving Credit Agreement shall constitute Term Credit Priority Collateral...

Revolving Credit Priority Collateral in the Intercreditor Agreement.

Revolving Credit Priority Collateral shall have the meaning specifiedmean the “ABL Priority Collateral” as defined in the Intercreditor Agreement. 60358086_160358086_13

Revolving Credit Priority Collateral means (i) all deposit accounts of any Loan Party (other than Excluded Accounts) as well as all funds on deposit therein, (ii) all Accounts of any Loan Party, (iii) all hydrocarbon Inventory of any Loan Party, (iv) all related instruments, letters of credit, letter of credit rights, credit support, insurance, chattel paper, documents, supporting obligations, related payment intangibles, cash, cash equivalents, other related rights, claims, causes of action, books and records, accounting systems and other similar personal property of any Loan Party and (v) any proceeds or products of any of the foregoing. For the avoidance of doubt, “Revolving Credit Priority Collateral” shall not include (x) any plant, property or equipment of any Loan Party or (y) any Purchased Receivables Collateral.

Revolving Credit Priority Collateral means all of each Loan Party’s now owned or hereafter acquired Revolving Credit Collateral that constitutes:

Revolving Credit Priority Collateral means all “Collateral” as described in Annex A.