First Priority Collateral definition

First Priority Collateral means all assets, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any First Priority Secured Party as security for any First Priority Obligation.

First Priority Collateral means all of the Collateral with respect to which a Lien is granted as security for any First Priority Obligations.

First Priority Collateral means, with respect to (a) the Term Loan Agents and the Term Loan Lenders, the ABL Priority Collateral and (b) the ABL Agent and the ABL Lenders, the Term Loan Priority Collateral.

Examples of First Priority Collateral in a sentence

• II-5 Form of Joinder XXXXX FARGO BANK, N.A., as First Priority Collateral Agent By: Name: Title: XXXXX FARGO BANK, N.A., as Second Priority Collateral Agent By: Name: Title: XXXXX FARGO BANK, N.A., as Third Priority Collateral Agent By: Name: Title: XXXXX FARGO BANK, N.A., as Collateral Control Agent By: Name: Title: 5263374 08048307 Att.

• Notwithstanding anything to the contrary in this Agreement or any other Fund Document, from and after the Effective Date, the First Priority Collateral shall solely secure the Secured Obligations and all other Obligations shall constitute unsecured obligations of the Obligors.

• In connection therewith, the First Priority Collateral Agent may surrender, release or exchange all or any part thereof, or compromise or extend or renew for any period (whether or not longer than the original period) any indebtedness thereunder or evidenced thereby.

• The First Priority Collateral Agent hereby authorizes the Grantors to file any financing statements or amendments to financing statements in favor of the First Priority Collateral Agent required in order to perfect the First Priority Collateral Agent’s security interest of the additional Pledged Interests described hereinabove.

• No delay on the part of the First Priority Collateral Agent in the exercise of any right or remedy shall operate as a waiver thereof, and no single or partial exercise by the First Priority Collateral Agent of any right or remedy shall preclude other or further exercise thereof or the exercise of any other right or remedy.

More Definitions of First Priority Collateral

First Priority Collateral means all “Collateral,” as defined in the First Priority Debt Agreement or any other First Priority Debt Document, other than the “Separate Collateral,” as defined in the Second Priority Debt Documents, and any other assets of any Grantor now or at any time hereafter subject to, or purported to be subject to, Liens which secure, but only to the extent securing or purporting to secure, any First Priority Claim.

First Priority Collateral means all of the assets of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any First-Priority Obligation.

First Priority Collateral means all of the assets of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted or held as security for any First Priority Claim.

First Priority Collateral means the First Lien Collateral, the Initial Other First-Priority Collateral and all of the assets of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Other First-Priority Obligations (other than the First Lien Obligations and the Initial Other First Priority Obligations.

First Priority Collateral means any and all real property, owned by an Obligor, covered by the Collateral Documents and any and all other property of any Obligor, now existing or hereafter acquired, that may at any time be or become subject to a first priority security interest or Lien (subject to Permitted Liens) in favor of or for the benefit of the Agent, on behalf of itself and the Funds, to secure the Obligations. The First Priority Collateral shall be limited to the real property described on Schedule 1.01(a) (and the property described in the Mortgages encumbering such real property).

First Priority Collateral means all of the Collateral subject to Liens securing any or all of the First Priority Obligations.

First Priority Collateral means all right, title, and interest of the Company and each First Priority Guarantor in any assets or other Property, including but not limited to all assets and other Property of whatever nature, whether real, personal, or mixed, tangible or intangible, now owned or existing or hereafter acquired or arising, and including but not limited to all assets and other Property with respect to which a Lien or security interest is purported to or may be created or granted as security for any of the First Priority Obligations pursuant to any of the First Priority Documents, and all products and Proceeds of the foregoing. Without limiting the generality of the foregoing the First Priority Collateral includes any and all assets and other Property of the Company and each First Priority Guarantor in which the First Priority Collateral Trustee, for itself or for the benefit of the First Priority Indenture Trustee or the First Priority Holders, acquires a Lien or security interest or other interest after the commencement of any proceeding under any Bankruptcy Law.