Revolving Loan Priority Collateral definition

Revolving Loan Priority Collateral shall have the meaning assigned to such term in the Intercreditor Agreement.

Revolving Loan Priority Collateral means all Collateral other than Term Loan Priority Collateral.

Revolving Loan Priority Collateral means all assets and properties of the Loan Parties (other than the Term Loan Priority Collateral), including without limitation the following: (i) Accounts, Receivables and payment intangibles (other than Accounts under contracts for sale of Term Loan Priority Collateral), (ii) chattel paper (other than chattel paper relating to Term Loan Priority Collateral), (iii) deposit accounts and investment accounts (and all cash, checks and other negotiable instruments, funds and other evidences of payment held therein, but not any identifiable proceeds of Term Loan Priority Collateral), (iv) investment property, (v) all Inventory, (vi) general intangibles consisting of payment intangibles, (vii) to the extent evidencing, governing, securing or otherwise related to any of the foregoing and the other Revolving Loan Priority Collateral, all documents, general intangibles (excluding all Intellectual Property, but including loans or advances payable by a Loan Party to any other Loan Party), instruments, investment property, commercial tort claims, letters of credit, supporting obligations and letter of credit rights, (viii) all books, records and documents related to the foregoing (including databases and other records, whether tangible or electronic, which contain any information relating to any of the foregoing), and (ix) all proceeds and products of any or all of the foregoing in whatever form received, and proceeds of business interruption and other insurance and claims against third parties. Extraordinary receipts constituting proceeds of judgments relating to any of the property referred to in the preceding sentence, insurance proceeds and condemnation awards in respect of any such property, indemnity payments in respect of any such property and purchase price adjustments in connection with any such property shall constitute Revolving Loan Priority Collateral.

Examples of Revolving Loan Priority Collateral in a sentence

• Notwithstanding anything to the contrary in Sections 2.11(a) and 2.11(b), if any Revolving Credit Agreement or any Alternative Facility is outstanding, to the extent a prepayment is required under the Revolving Credit Agreement or any such Alternative Facility due to any Net Asset Sale Proceeds or Net Insurance/Condemnation Proceeds constituting the proceeds of Revolving Loan Priority Collateral or ABL Collateral, no prepayment shall be required under Sections 2.11(a) and 2.11(b).

• Prior to the Term Loan Termination Date, any Collateral (other than Revolving Loan Priority Collateral) in the possession or under the control of any Revolving Loan Creditor shall be forthwith delivered to the Term Loan Agent, except as otherwise may be required by applicable law or court order.

• Notwithstanding anything to the contrary contained herein, any purchaser or assignee of Revolving Loan Priority Collateral pursuant to the exercise by Revolving Loan Agent of any of its rights or remedies with respect thereto shall have the right to sell or otherwise dispose of any such Revolving Loan Priority Collateral to which any such Intellectual Property is affixed.

• To the extent any Term Loan Creditor has received proceeds of Revolving Loan Priority Collateral or a Distribution from Revolving Loan Priority Collateral to which such Term Loan Creditor would not have been entitled under this Agreement had such reinstatement occurred prior to receipt of such proceeds or such Distribution, such Term Loan Creditor shall turn over such proceeds or such Distributions to the Revolving Agent for reapplication to the Revolving Loan Obligations in accordance with this Agreement.

• Notwithstanding anything to the contrary in this Agreement or any other Loan Document, so long as any Revolving Loan Obligations are outstanding, the actions and deliverables required by this Section 5.12 with respect to the Administrative Agent’s security interest in any Revolving Loan Priority Collateral shall be subject to the terms of the Intercreditor Agreement and required only to the extent required under the Revolving Loan Documents.

More Definitions of Revolving Loan Priority Collateral

Revolving Loan Priority Collateral means all Collateral as more particularly set forth on Annex A annexed hereto.

Revolving Loan Priority Collateral means all Revolving Loan Collateral consisting of Accounts, Inventory, related Documents, Instruments, books and records, Deposit Accounts and Securities Accounts (except to the extent established to hold proceeds of Term Loan Priority Collateral), contracts giving rise to Accounts, Supporting Obligations for Accounts, payment intangibles related to any of the foregoing, claims arising from or with respect to any of the foregoing, and all products and Proceeds (in any form, including insurance proceeds) of any of the foregoing (but excluding any of the foregoing to the extent arising from the sale, lease, license, assignment or other disposition of, or constituting the identifiable Proceeds of, Term Loan Priority Collateral).

Revolving Loan Priority Collateral means the Collateral described on Schedule 1.165 hereto.

Revolving Loan Priority Collateral means all of the undertaking, property and assets, present and future, of each Obligor set forth on Schedule 1.128 hereto including the Accounts and Inventory but excluding (a) the Mexican Obligor Collateral and (b) any Accounts arising from the sale of Tranche B Loan Priority Collateral.

Revolving Loan Priority Collateral has the meaning of the term "ABL Priority Collateral" set forth in the Intercreditor Agreement.

Revolving Loan Priority Collateral means the assets and properties of Debtors, other than the Term Loan Priority Collateral and the Term Lender Lease Priority Collateral.

Revolving Loan Priority Collateral means any Collateral consisting of Accounts or Inventory or any Proceeds thereof.