First Priority Collateral Trust Agreement definition

First Priority Collateral Trust Agreement means the First Priority Collateral Trust Agreement, dated as of the date hereof, among the Company and each First Priority Guarantor, the First Priority Collateral Trustee, and the First Priority Indenture Trustee, substantially in the form of Exhibit D hereto.
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First Priority Collateral Trust Agreement means the First Priority Collateral Trust Agreement, dated as of the date hereof, among the Company and each First Priority Guarantor, the First Priority Collateral Trustee, and the First Priority Indenture Trustee.
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First Priority Collateral Trust Agreement means the First Priority Collateral Trust Agreement as defined in the First Priority Indenture.
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Examples of First Priority Collateral Trust Agreement in a sentence

  • The First Priority Collateral Trust Agreement shall govern the possession, use, release, and disposition of the First Priority Collateral in accordance with the terms and subject to the conditions thereof, provided that, to the extent applicable, the Company shall cause TIA Section 314(d) to be complied with relating to the release of any First Priority Collateral.

  • Notwithstanding anything to the contrary herein, so long as the First Priority Collateral Trust Agreement is in effect, the rights of the First Priority Holders and the First Priority Indenture Trustee hereunder and the procedures herein for the exercise of remedies with respect to the First Priority Collateral shall be subject to the provisions of the First Priority Collateral Trust Agreement.

  • All conditions precedent to the execution and delivery of this Agreement by the First Priority Collateral Trustee under the First Priority Collateral Trust Agreement and the Intercreditor Agreement have been satisfied.

  • By this instrument it expressly recognizes the existence of the Secured Parties, and the capacity of the First Priority Collateral Trustee to act on behalf and benefit of its beneficiaries pursuant to the First Priority Collateral Trust Agreement (defined bellow), and the capacity of its legal representatives to execute this Instrument.

  • It is acting for the benefit of the beneficiaries under that certain First Priority Collateral Trust Agreement, dated as of the date hereof, by and among the First Priority Collateral Trustee, the Mortgagor, the First Priority Indenture Trustee under the First Priority Indenture, and the First Priority Guarantors identified therein (the “ First Collateral Trust Agreement”).

  • The First Priority Mortgagee and the Mortgagor submit to me and I hereby attach to the appendix hereof under the number of this deed and letter [•], a copy of each of the other First Priority Indenture and the First Priority Collateral Trust Agreement, in the English and executed by each of the parties thereto, and the Mortgagor and the First Priority Mortgagee represent that they know and understand such language.

  • Certain capitalized terms used herein not otherwise defined in this Agreement are used in this Agreement as defined in the Credit Agreement or the First Priority Collateral Trust Agreement (as defined herein).

  • The proceeds of any sale, disposition or other realization upon all or any part of the Mortgaged Assets shall be distributed in accordance with the priorities set forth in the First Priority Collateral Trust Agreement.


More Definitions of First Priority Collateral Trust Agreement

First Priority Collateral Trust Agreement has the meaning specified in the Preliminary Statements to this Agreement.
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First Priority Collateral Trust Agreement means that certain
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First Priority Collateral Trust Agreement means the First Priority Collateral Trust Agreement, to be dated on or before the Effective Date, among the Debtor or the Reorganized Debtor, as applicable, each of the guarantors party thereto, the collateral trustee and the indenture trustee parties thereto, in substantially the form set forth in the Plan Supplement.
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First Priority Collateral Trust Agreement means the Collateral Trust and Intercreditor Agreement dated as of April 1, 2003 by the Shared Grantors to the First Priority Collateral Trustees, as amended, amended and restated, supplemented, replaced or otherwise modified from time to time.
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Related to First Priority Collateral Trust Agreement

  • 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.

  • Collateral Trust Agreement means the Collateral Trust Agreement, dated as of the date hereof, among, among others, the Borrower, the subsidiaries of the Borrower party thereto from time to time as grantors, the MIP Shareholders party thereto from time to time and GLAS Trust Company LLC, in its respective capacities, including as Collateral Trustee.

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • Second Priority Collateral means any “Collateral” as defined in any Second Priority Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Second Priority Collateral Document as security for any Second Priority Debt Obligation.

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

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

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

  • Collateral Trustee has the meaning set forth in the preamble.

  • Basic Collateral Agency Agreement means the Amended and Restated Basic Collateral Agency Agreement, dated as of March 1, 2009, among Daimler Trust, the Administrative Agent, Daimler Title Co., as collateral agent, and MBFS USA, as lender and as servicer.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Trust Collateral Agent means such successor Person.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

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

  • Security Agreement Collateral means all "Collateral" as defined in the Security Agreement.

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

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • Pledge Agreement Collateral means all "Collateral" as defined in the Pledge Agreement.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • ABL Collateral Documents means all “Security Documents” as defined in the Original ABL Credit Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in connection with any ABL Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted securing any ABL Obligations or under which rights or remedies with respect to such Liens are governed, in each case as the same may be amended, supplemented, waived or modified from time to time.

  • Collateral Agency Agreement means that certain Collateral Agency Agreement dated as of the Effective Date among the Collateral Agent, the Administrative Agent and the Term Loan Administrative Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified or replaced from time to time.

  • ABL Collateral Agent means the “Collateral Agent” as defined in the ABL Credit Agreement.

  • Second Priority Liens means all Liens on the Second Priority Collateral securing the Second Priority Claims, whether created under the Second Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.