Term Priority Collateral Account the “Term Priority Collateral Account” as defined in the Intercreditor Agreement.
Term Priority Collateral Account means a deposit account or securities account under the sole dominion and control of the Collateral Agent, and otherwise established in a manner reasonably satisfactory to the Collateral Agent, which deposit account or securities account holds exclusively identifiable proceeds of Term Priority Collateral.
Term Priority Collateral Account means one or more segregated Deposit Accounts and Securities Accounts maintained by the Borrower and its Domestic Subsidiaries from time to time, in each case with respect to which the proceeds of Term Priority Collateral are held and in each case which is subject to a perfected Lien in favor of the Collateral Agent (pursuant to a Control Agreement or other arrangements reasonably satisfactory to the Administrative Agent).
Examples of Term Priority Collateral Account in a sentence
Obligors shall not, and Obligors shall cause each of their Subsidiaries not to deposit any proceeds of Term Priority Collateral in any Deposit Account other than the Term Priority Collateral Account.
The Term Priority Collateral Account shall be a Deposit Account subject to a Deposit Account Control Agreement.
Deposit any proceeds of ABL Priority Collateral in the Term Priority Collateral Account or deposit any proceeds of Term Priority Collateral in any Deposit Account other than the Term Priority Collateral Account.
Deposit any proceeds of Term Priority Collateral in any Deposit Account other than the Term Priority Collateral Account.
The Term Priority Collateral Account shall be a Deposit Account subject to a Deposit Account ControlAgreement.
More Definitions of Term Priority Collateral Account
Term Priority Collateral Account means account number 4072419732 at Xxxxx Fargo Bank, N.A. (or any other replacement account therefor) established for the purpose of holding all Net Proceeds that a Loan Party receives from any Asset Sale of any Non-ABL Priority Collateral and other amounts received or held on account of the Non-ABL Priority Collateral, for the benefit and account of the Lenders.
Term Priority Collateral Account shall have the meaning set forth in Section 4.15(i)(ii) of this Agreement.
Term Priority Collateral Account means a deposit account or securities account that is Term Loan Priority Collateral and subject to a blocked account agreement under the First Lien Term Facility.
Term Priority Collateral Account the “Term Priority Collateral Account” as defined in the Intercreditor Agreement. Total Debt: at any time, the total Indebtedness of Company and its Subsidiaries at such time (excluding the Obligations); provided that for the avoidance of doubt, Total Debt shall include Specified Unsecured Prepetition Debt; provided, further that reimbursement obligations with respect to Permitted Surety Bonds that have not been drawn shall not constitute Total Debt.
Term Priority Collateral Account as defined in the Intercreditor Agreement. 39 Termination Value: in respect of any one or more Hedging Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s) and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedging Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender). Test Period: at any time, the most recently ended period of twelve (12) consecutive months for which financial statements and a Compliance Certificate have been delivered to the Agent pursuant to Section 10.1.2 at or prior to such time.
Term Priority Collateral Account means (a) the Initial Term Priority Collateral Account and (b) any Deposit Account or Securities Account of a Grantor or the Intercreditor Agent that is designated as a “Term Priority Collateral Account” in a written notice by the applicable Grantor or the Intercreditor Agent to the ABL Facility Agent and, if applicable, the Intercreditor Agent, in each case subject to a control agreement in favor of the Intercreditor Agent or any Non-ABL Collateral Agent into which shall only be deposited or credited identifiable Proceeds of Non-ABL Priority Collateral pending reinvestment thereof or application of the proceeds thereof in accordance with any applicable provisions of any Non-ABL Documents. Prior to the Discharge of the ABL Obligations, the ABL Facility Agent may also be a party to any control agreements in respect of any Term Priority Collateral Accounts, but, other than with the written consent of the Intercreditor Agent, at no time prior to the Discharge of each Series of such Non-ABL Obligations shall the ABL Facility Agent issue any instructions or entitlement orders to the account bank or the securities intermediary with respect to any funds on deposit in or credited to any Term Priority Collateral Account.
Term Priority Collateral Account the "Term Priority Collateral Account" as defined in the Intercreditor Agreement. <->40<-> Term SOFR: the forward-looking term rate for any period that is approximately (as determined by the Agent) as long as any of the Interest Period options set forth in the definition of "Interest Period" and that is based on SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Agent from time to time in its reasonable discretion. Third Amendment: that certain Third Amendment to Loan Agreement, with an effective date as of the Third Amendment Effective Date, among Borrower, the Guarantors party thereto, Agent and the Lenders party thereto. Third Amendment Effective Date: December 29, 2018.