Examples of Term Loan Collateral Agreement in a sentence
Each party hereto agrees that each Credit Agreement, the Term Loan Collateral Agreement and the ABL Collateral Agreement shall contain the applicable provisions set forth on Schedule II hereto, or similar provisions approved by the ABL Agent and the Term Loan Agents, which approval shall not be unreasonably withheld or delayed.
Each party hereto agrees that each Credit Agreement, the Term Loan Collateral Agreement and the ABL Collateral Agreement shall contain the applicable provisions set forth on Schedule I hereto, or similar provisions approved by the ABL Agent and the Term Loan Agents, which approval shall not be unreasonably withheld or delayed.
Following execution and delivery of the Term Loan Agreement, the Term Loan Collateral Agreement and the ABL Intercreditor Agreement, this Agreement shall be subject to the ABL Intercreditor Agreement.
Notwithstanding the foregoing clauses (a) through (r), prior to the Discharge of the Term Loan Obligations (as defined in the Intercreditor Agreement), “Excluded Assets” shall not include any property or asset that is Term Loan Priority Collateral at any time such property or asset (i) constitutes “Collateral” or “Pledged Collateral” under the Term Loan Collateral Agreement and (ii) for the avoidance of doubt, is not an “Excluded Asset” under the Term Loan Collateral Agreement.
Concurrent with the execution and delivery of this Agreement, the Borrower and/or one or more of the Guarantors will enter into the Term Loan Agreement, the Term Loan Collateral Agreement and the ABL Intercreditor Agreement.