Term Loan Primary Collateral definition

Term Loan Primary Collateral means all “Collateral” as described in Annex B; provided, however, that to the extent that identifiable proceeds of Revolving Credit Primary Collateral are deposited or held in any Deposit Accounts or Securities Accounts that constitute Term Loan Primary Collateral, then (as provided in Section 3.5 below) such Collateral or other identifiable proceeds shall be treated as Revolving Credit Primary Collateral.
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Term Loan Primary Collateral has the meaning specified in the Intercreditor Agreement.
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Term Loan Primary Collateral or "Revolving Loan Primary Collateral"; (ii) in writing and signed by all Revolving Lenders, to do any of the following: (1) increase the aggregate Revolving Loan Commitments, (2) reduce the principal of, or interest on, any amount payable hereunder in respect of Revolving Credit Loans or under any Revolving Note, or any fees or expenses related thereto, other than those payable only to Fleet in its capacity as Agent, which may be reduced by Fleet unilaterally, (3) decrease any interest rate payable hereunder in respect of the Revolving Credit Loans, (4) postpone any date fixed for any payment of principal of, or interest on, any amounts payable hereunder, each other than those payable only to Fleet in its capacity as Agent, which may be postponed by Fleet unilaterally, and other than in respect of the Term Loan and the Term Loan Notes, (5) change the definition of the term Availability Block or (6) amend the definition of the terms "Majority Revolving Lenders" and "Supermajority Revolving Lenders"; (iii) in writing and signed by all Term Lenders affected thereby, to do any of the following: (1) reduce the principal of, or interest on, any amount payable in respect of the Term Loan or under any Term Note, including any fees or expenses related thereto, (2) decrease any interest rate payable hereunder in respect of the Term Loan, (3) postpone any date fixed for any payment of principal of, or interest on, any amounts payable hereunder in respect of the Term Loan or the Term Notes or any fees or expenses related thereto, (4) amend the definition of the terms "Majority Term Lenders", "Term Loan", "Term Lender" or "Term Loan Representative", (5) amend any provision hereof that requires Agent to act at the direction of Majority Term Lenders or the Term Loan Representative, (6) increase the number of Lenders or any class of Lenders or any of them required to take any action in the case of any action requiring the consent solely of Majority Term Lenders, (7) release any Lien on any Collateral except in connection with a sale or other disposition pursuant to subsection 8.2.9, (8) amend or waive any provision of Section 5.1, 5.2, 5.3, 5.4, 6.1, 8.1.10 or 8.2.5 as it relates to the Term Loan Primary Collateral, (9) amend any provision of Section 1.3, 2.6 or 8.2.9 or (10) modify any rights expressly granted to the Term Loan Representative or any Term Lender; (iv) in writing and signed by Majority Term Lenders, to amend any Mortgage; (v) in writing and signed by Agent...
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Examples of Term Loan Primary Collateral in a sentence

  • Please allow for one extra business day when sending your files to the Desjardins Data Centre on or around these dates.

  • The Agent (a) acknowledges that it has received a copy of the Intercreditor Agreement, (b) consents to the subordination of Liens on the Term Loan Primary Collateral as defined, and provided for, in the Intercreditor Agreement, (c) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement and (d) solely with respect to each Lender, is authorized and instructed to enter into the Intercreditor Agreement as agent for and representative of such Lender.

  • The Term Loan Agent agrees to turn over to the Revolving Agent with appropriate endorsements any Term Loan Primary Collateral in its possession upon payment in full of the Priority Term Loan Debt in cash.

  • Concurrently with any such repayment, Borrower shall be required to pay to the Term Lenders all remaining outstanding principal of, and all accrued interest on, the Term Loan, and all other amounts then due and owing to the Term Lenders; provided, however, that without the consent of Agent and the Revolving Lenders, no such amounts shall be paid out of any source other than proceeds of the Term Loan Primary Collateral.

  • After the occurrence and during the continuance of a Term Loan Event of Default, but prior to the commencement of an Insolvency Proceeding, the written request of the Term Loan Agent delivered to the Revolving Agent requesting that the Revolving Agent release its lien on any Term Loan Primary Collateral to be sold or otherwise disposed of, such written request to be delivered to the Revolving Agent not less than five (5) days prior to the proposed sale or disposition of any Term Loan Primary Collateral.

  • The Revolving Credit Collateral Agent, on behalf of itself and the Revolving Credit Claimholders, agrees that the Term Loan Claimholders and the Term Loan Collateral Agent have no duty to them in respect of the maintenance or preservation of the Term Loan Primary Collateral, the Term Loan Obligations or otherwise.

  • Senator Wardner) (Representative Wald) ANNUITY TRANSFERS AN ACT to amend and reenact section 50-24.1-02.8 of the North Dakota Century Code, relating to transfers involving annuities.BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: 216 SECTION 1.

  • During any such Mortgage Access Period, the Term Loan Collateral Agent and its representatives (and persons employed on their behalf) may continue to operate, service, maintain, process and sell the Term Loan Primary Collateral, as well as to engage in bulk sales of Term Loan Primary Collateral.

  • The Air Intake Tunnel, by design, also helps prevent the spread of fire into plant ventilating systems.

  • Nothing contained herein shall be construed to in any way limit the right of the Term Loan Collateral Agent to object to any motion or other application by the Revolving Credit Collateral Agent seeking relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Term Loan Primary Collateral.


More Definitions of Term Loan Primary Collateral

Term Loan Primary Collateral means the “Term Loan Priority Collateral” as defined in the Term Loan Intercreditor Agreement (Xxxxx).
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Term Loan Primary Collateral means the Eligible Equipment of Borrowers listed in Schedule 1.2 attached hereto.
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Related to Term Loan Primary Collateral

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.

  • Primary Collateral With respect to any Cross-Collateralized Mortgage Loan, any Mortgaged Property (or portion thereof) designated as directly securing such Cross-Collateralized Mortgage Loan and excluding any Mortgaged Property (or portion thereof) as to which the related lien may only be foreclosed upon by exercise of the cross-collateralization provisions of such Cross-Collateralized Mortgage Loan.

  • Term Loan Collateral means all of the assets of any Grantor, whether real, personal or mixed, upon which a Lien is granted or purported to be granted to any Term Loan Agent under any of the Term Loan Collateral Documents.

  • Term Loan Collateral Agent means Credit Suisse, Cayman Islands Branch, as collateral agent for the lenders under the Term Loan Credit Agreement, together with its respective successors and permitted assigns under the Term Loan Credit Agreement exercising substantially the same rights and powers, or such other agent as may from time to time be appointed thereunder.

  • Term Loan Advances are each defined in Section 2.1.1(a).

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

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan B has the meaning set forth in Section 2.2(b).

  • Term Loan A has the meaning set forth in Section 2.2(a).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

  • Term Loan as defined in Section 2.1.

  • Letter of Credit Collateral Account means a special deposit account maintained by the Administrative Agent, for the benefit of the Administrative Agent, the Issuing Bank and the Lenders, and under its sole dominion and control.

  • Additional Collateral Loan Each Mortgage Loan that is supported by Additional Collateral.

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

  • Borrower Collateral means all of Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

  • Second Lien Term Loans means the “Term Loans” under and as defined in the Second Lien Credit Agreement.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

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

  • Term Loan Credit Agreement has the meaning set forth in the recitals to this Agreement.

  • Term Loan Facilities means the Term Loan A Facility and the Term Loan B Facility.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Collateral Loan means a loan, debt obligation, debt security or participation therein acquired by the Borrower.