Current Asset Collateral means all the “ABL Priority Collateral” as defined in the ABL Intercreditor Agreement.
Current Asset Collateral means all the “ABL Priority Collateral” as defined in the Intercreditor Agreement.
Current Asset Collateral means the “Revolving Priority Collateral” as defined in the Intercreditor Agreement.
Examples of Current Asset Collateral in a sentence
Subject to the obligation to disgorge, which must be asserted by Debtors within 2 business days of this Order, based upon a claim that the Lessor does not have a valid interest in the Revolving First Lien Collateral solely on the claim that the documents with respect to the Lease do not provide that the Prepetition Current Asset Collateral secures the Lease, as determined by a final order, the Lessor shall have a perfected and unavoidable first perfected security interest in the Escrow Account.
More Definitions of Current Asset Collateral
Current Asset Collateral means (i) Accounts and Chattel Paper (in each case, other than to the extent constituting identifiable proceeds of Fixed Asset Collateral), and Credit Card Accounts Receivables; (ii) Deposit Accounts (and all balances, cash, checks and other negotiable instruments, funds and other evidences of payment held therein) and Securities Accounts (and all balances, cash, checks, securities, securities entitlements, financial assets and instruments (whether negotiable or otherwise), funds and other evidences of payment held therein), other than a Deposit Account or Securities Account containing exclusively identifiable proceeds of Fixed Asset Collateral; (iii) all Inventory; (iv) to the extent evidencing, governing, securing or otherwise reasonably related to any of the foregoing assets described in clauses (i) through (iii), all Documents, General Intangibles, Instruments, Investment Property (other than equity interests in Subsidiaries), Commercial Tort Claims, Letters of Credit, Letter-of-Credit Rights and Supporting Obligations; provided, however, that to the extent any of the foregoing also evidence, govern, secure or otherwise reasonably relate to any Fixed Asset Collateral only that portion that evidences, governs, secures or primarily relates to Current Asset Collateral shall constitute Current Asset Collateral; provided, further, that the foregoing shall not include any Intellectual Property; (v) all books, records and documents related to the foregoing (including databases, customer lists and other records, whether tangible or electronic, which contain any information relating to any of the foregoing); and (vi) all Proceeds and products of any or all of the foregoing in whatever form received, including proceeds of business interruption and other insurance and claims against third parties. For purposes of this definition, capitalized terms used but not defined elsewhere in this Agreement shall have the meanings set forth in Articles 8 or 9 of the UCC.
Current Asset Collateral shall have the meaning of "Collateral" as provided in the Junior Current Asset Security Agreement.
Current Asset Collateral as defined in the Intercreditor Agreement.
Current Asset Collateral means, all Current Assets and shall include, collectively, all of the personal property in which First Priority Liens are granted (or purported to be granted) pursuant to the Security Documents as security for the Obligations including, without limitation, all Accounts and Inventory of Borrowers and certain of the Guarantors.
Current Asset Collateral that portion of the Collateral comprised of Accounts, Chattel Paper, Commercial Tort Claims, Documents, Instruments, Inventory, Investment Property, Letters of Credit (which for the purpose of this definition only, shall have the meaning given to such term in the UCC), Letter-of-Credit Rights, Supporting Obligations and General Intangibles (to the extent such General Intangibles arise or relate to any of the foregoing, but excluding Intellectual Property), and all products and proceed thereof (including, without limitation, cash proceeds, Cash Collateral, cash held in Deposit Accounts (other than cash held in Deposit Accounts which is clearly identifiable as proceeds of Equipment, Real Estate, fixtures or Intellectual Property), and proceeds of insurance with respect to any of the foregoing). CWA: the Clean Water Act (33 U.S.C. §§ 1251 et seq.).
Current Asset Collateral has the meaning assigned to such term in the ABL Intercreditor Agreement.
Current Asset Collateral shall have the meaning assigned to such term in the Amended and Restated Collateral Agreement.