Working Capital Loan Collateral definition

Working Capital Loan Collateral means all of the following property and assets of each of the Working Capital Loan Parties, whether now existing or hereafter arising or acquired:
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Working Capital Loan Collateral. (a) the Reservation Agreements and Purchase Contracts which are now or hereafter assigned, endorsed or delivered to Lender pursuant to this Agreement or against which an Advance of the Working Capital Loan has been made; (b) all rights under all documents evidencing, securing or otherwise pertaining to such Purchase Contracts and Reservation Agreements; (c) all Borrower's rights under all escrow agreements and accounts pertaining to the foregoing; (d) the cash and non-cash proceeds of all of the foregoing, including without limitation (whether or not acquired with cash proceeds), all accounts, chattel paper, contract rights, documents, general intangibles, instruments, fixtures, equipment, inventory and other goods.
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Examples of Working Capital Loan Collateral in a sentence

  • The Working Capital Agent (on behalf of itself and the other Working Capital Loan Claimholders) and the Note Collateral Agent (on behalf of itself and the other Indenture Claimholders) each acknowledge that this Agreement shall constitute notice of their respective interests in the Working Capital Loan Collateral under and for any purpose such a notice may be required by the UCC.

  • In the event the Working Capital Agent desires to release or agrees to release any of its Liens on all or any part of the Working Capital Loan Collateral in connection with the exercise of remedies, including, without limitation, the sale, transfer or other disposition thereof, the Working Capital Agent shall provide the Note Collateral Agent with reasonable prior written notice thereof.

  • Section 506(c) of the Bankruptcy Code (and otherwise) for costs or expenses of preserving or disposing of any Working Capital Loan Collateral.

  • Borrower will undertake the diligent, timely and commercially reasonable collection of amounts delinquent under each Instrument which constitutes part of the Receivables Collateral and under each Purchase Contract and Reservation Agreement which constitute part of the Working Capital Loan Collateral and will bear the entire expense of such collection.

  • Thus, while White Oak does not directly seek payment of any amounts from the Debtors or their bankruptcy estates, its foreclosure and termination of leases is directly related to the Working Capital Loan Collateral.

  • Table of Contents upon such Working Capital Loan Collateral, the Note Collateral Agent and the Trustee agree to execute the same forthwith.

  • Borrower will not cancel or materially modify, or consent to or acquiesce in any material modification to any Reservation Agreements which constitute Working Capital Loan Collateral or waive the timely performance of the material obligations of the Purchaser under such Reservation Agreement.

  • Table of Contents Section 506(c) of the Bankruptcy Code (and otherwise) for costs or expenses of preserving or disposing of any Working Capital Loan Collateral.

  • To the extent any proceeds are received for any liability or indemnification and those proceeds are not compensation for a casualty loss with respect to any Working Capital Loan Collateral, the proceeds shall be applied (y) first, as required or permitted Table of Contents AMENDED AND RESTATED INTERCREDITOR AGREEMENT – Page 24 Westmoreland Energy, LLC, et al.

  • All Liens on the Working Capital Loan Collateral securing any Working Capital Loan Obligations shall be and remain first, prior, continuing and senior in right, priority, operation, effect and all other purposes and respects to all Liens on the Working Capital Loan Collateral securing any Indenture Obligations.

Related to Working Capital Loan Collateral

  • Working Capital Loan has the meaning specified in Section 2.1(c).

  • Working Capital Loans means any loan made to Acquiror by any of the Sponsor, an Affiliate of the Sponsor, or any of Acquiror’s officers or directors, and evidenced by a promissory note, for the purpose of financing costs incurred in connection with a Business Combination.

  • 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.

  • Loan Collateral With respect to any Mortgage Loan, the related Mortgaged Property and any personal property securing the related Mortgage Loan, including any lessor’s interest in such property, whether characterized or recharacterized as an ownership or security interest, and including any accounts or deposits pledged to secure such Mortgage Loan, and any Additional Collateral.

  • Working Capital Facility means, at any time, the aggregate amount of the Working Capital Lenders' Working Capital Commitments at such time.

  • Working Capital Lender means any Lender that has a Working Capital Commitment.

  • 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.

  • Working Capital Advance has the meaning specified in Section 2.01(c).

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

  • Working Capital Assets has the meaning as set forth in the Recitals of this Agreement.

  • Canadian Collateral means any and all property of any Canadian Loan Party covered by the Collateral Documents and any and all other property of any Canadian Loan Party, now existing or hereafter acquired, that may at any time be or become subject to a security interest or Lien in favor of the Administrative Agent to secure the Canadian Secured Obligations.

  • Working Capital Borrowings means borrowings incurred pursuant to a credit facility, commercial paper facility or similar financing arrangement that are used solely for working capital purposes or to pay distributions to the Partners; provided that when such borrowings are incurred it is the intent of the borrower to repay such borrowings within 12 months from the date of such borrowings other than from additional Working Capital Borrowings.

  • First Lien Last Out Loan means a loan that, prior to an event of default under the applicable Related Contract, is entitled to receive payments pari passu with other senior secured loans of the same Obligor, but following an event of default under the applicable Related Contract, such Collateral Loan becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property. Fitch: Fitch, Inc., or its successor in interest.

  • Permitted Prior Working Capital Lien means, with respect to any borrower under a Bank Loan, a security interest to secure a senior facility for such borrower and/or any of its parents and/or subsidiaries; provided that (i) such Bank Loan has a second priority lien on the collateral that is subject to the first priority lien of such senior facility (or a pari passu lien on such collateral), (ii) such senior facility is not secured by any other assets (other than a pari passu lien or a second priority lien, subject to the pari passu or first priority lien of the Bank Loan) and does not benefit from any standstill rights or other agreements (other than customary rights) with respect to any other assets and (iii) the maximum outstanding principal amount of such senior facility is not greater than 15% of the aggregate enterprise value of such borrower (as determined at the time of closing of the transaction, and thereafter an enterprise value for such borrower determined in a manner consistent with the valuation methodology applied in the valuation for such borrower as determined by the Advisor (so long as it has the necessary delegated authority) or the Borrower’s board of directors (or the appropriate committee thereof with the necessary delegated authority) in a commercially reasonable manner, including the use of an Approved Third-Party Appraiser in the case of Unquoted Investments).

  • First Lien Loans means the loans made under the First Lien Credit Agreement.

  • Prepetition Collateral shall refer to (i) all of the Borrower’s personal property upon which a security interest may be granted under the Uniform Commercial Code, (ii) all of the Borrower’s real property, (iii) all of the Borrower’s assets in or upon which a lien or other security interest has otherwise been granted in favor or for the benefit of the Prepetition Agent and the Prepetition Lenders in connection with, pursuant to, or under, the Prepetition Credit Agreement and the other Prepetition Financing Documents, and (iv) any of the Borrower’s assets otherwise held by the Prepetition Agent or any Prepetition Lender or otherwise provided to the Prepetition Agent or any Prepetition Lender as security for the Prepetition Indebtedness, in each case that existed as of the Petition Date or at any time prepetition and, subject to section 552 of the Bankruptcy Code, postpetition proceeds, products, offspring, rents and profits of all of the foregoing.

  • Permitted First Priority Refinancing Debt means any secured Indebtedness incurred by the Borrower in the form of one or more series of senior secured notes or senior secured loans; provided that (i) such Indebtedness is secured by the Collateral on a pari passu basis with the Obligations and is not secured by any property or assets of Holdings and its Subsidiaries other than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such Indebtedness does not mature prior to the Maturity Date of the Refinanced Debt and such Indebtedness shall have a Weighted Average Life to Maturity that is not shorter than the Refinanced Debt, (iv) to the extent applicable, the security agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent), (v) no Restricted Subsidiary guarantees such Indebtedness unless it is a Subsidiary Guarantor (or becomes a Subsidiary Guarantor substantially concurrently with the incurrence of such Indebtedness); provided that, if, at any time, such Restricted Subsidiary ceases to be a Guarantor, it shall not guarantee such Indebtedness, (vi) the other terms and conditions of such Indebtedness (excluding pricing, fees, rate floors, premiums, optional prepayment or optional redemption provisions) reflect market terms and conditions at the time of incurrence and issuance; provided, that, to the extent such terms and documentation are not substantially identical to the Indebtedness being refinanced, (x) such terms (taken as a whole) shall be less favorable to the providers of such Permitted First Priority Refinancing Debt than those applicable to the Indebtedness being refinanced, except, in each case, for financial or other covenants or other provisions contained in such Indebtedness that are applicable only after the then Latest Maturity Date, or (y) such documentation shall be reasonably acceptable to the Administrative Agent and (vii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party to a Pari Passu Intercreditor Agreement and the Administrative Agent shall have become a party to the Pari Passu Intercreditor Agreement (or any then-existing Pari Passu Intercreditor Agreement shall have been amended or replaced in a manner reasonably acceptable to the Administrative Agent, which results in such Senior Representative having rights to share in the Collateral as provided in clause (i) above). Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

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

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

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

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

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

  • Net Financing Proceeds means the cash proceeds received by the Partnership in connection with any borrowing by or on behalf of the Partnership (whether or not secured), or distributed to the Partnership in respect of any such borrowing by any Subsidiary Entity, after deduction of all costs and expenses incurred by the Partnership in connection with such borrowing, and after deduction of that portion of such proceeds used to repay any other indebtedness of the Partnership, or any interest or premium thereon.

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

  • Working Capital Units shall have the meaning given in the Recitals hereto.