Definition of TDI Collateral


TDI Collateral means all assets, whether now owned or hereafter acquired by any TDI Group Party, in which a Lien is granted or purported to be granted to any Senior Creditor or Subordinated Creditor as security for any Senior Obligation or Subordinated Obligation including, without limitation, all Equity Interests owned by the Borrower or any of its Subsidiaries in any TDI Group Party.
Sample 1

Examples of TDI Collateral in a sentence

For the avoidance of doubt, any amounts advanced to a Loan Party as part of a DIP Financing shall not apply toward or be restricted by the Senior TDI Collateral Limit and shall not be subject to Section 6.1.
Senior Creditor shall object to or contest, or support any other Person in contesting or objecting to, in any proceeding (including without limitation, any Insolvency Proceeding), the validity, extent, perfection, priority or enforceability of any security interest in the TDI Collateral granted to the Subordinated Lender.
This Agreement shall be binding upon and inure to the benefit of each of the parties hereto and each of the Senior Creditors and Subordinated Creditors and their respective successors and assigns, and nothing herein is intended, or shall be construed to give, any other Person any right, remedy or claim under, to or in respect of this Agreement or any Senior Collateral or TDI Collateral.
The Subordinated Creditors hereby (a) represent and warrant that they hold no Senior Collateral that is not TDI Collateral and (b) other than as permitted hereunder agree not to acquire any Senior Collateral that is not TDI Collateral until the Senior Obligations Repayment Date has occurred.
No Subordinated Creditor shall object to or contest, or support any other Person in contesting or objecting to, in any proceeding (including without limitation, any Insolvency Proceeding), the validity, extent, perfection, priority or enforceability of any security interest in the Senior Collateral (including, without limitation, any TDI Collateral) granted to the Senior Agent.