Noteholder Priority Collateral definition

Noteholder Priority Collateral means the “Noteholder Collateral” (as defined in the Intercreditor Agreement).

Noteholder Priority Collateral has the meaning specified therefor in the Intercreditor Agreement.

Noteholder Priority Collateral means real property, fixtures and equipment of the Obligors and proceeds thereof (other than Senior Lender PP&E Proceeds and other than any real property, fixtures 135 or equipment that secures an obligation owed to an Obligor (excluding any obligation that is proceeds of property, fixtures or equipment that was Noteholder Priority Collateral) that constitutes Common Collateral).

Examples of Noteholder Priority Collateral in a sentence

• The Secured Notes are secured by a first priority security interest in and lien upon the Noteholder Priority Collateral and a second priority security interest in and lien upon, among other things, the Bank Priority Collateral.

• Prior to the final hearing before the Court to approve the transactions contemplated by this Agreement, the Borrowers and the Debtor Guarantors will file, and diligently pursue, a motion to recover against the Noteholder Priority Collateral (as defined in the Intercreditor Agreement) the costs and expenses of preserving such property pursuant to Section 506(c) of the Bankruptcy Code.

• So long as the Discharge of Senior Lender Claims has not occurred, the parties hereto agree that each Obligor shall not grant any Lien on any of its assets (other than Noteholder Priority Collateral), in favor of the Collateral Agent, the Trustee or the Noteholders unless such Obligor, has granted a similar Lien on such assets in favor of the Senior Agent or the Senior Lenders and any property (other than Noteholder Priority Collateral) subject to any such Lien shall constitute Common Collateral.

• None of Holdings, the Specified U.S. Borrower or any of its Subsidiaries shall deposit any funds or credit any amounts into any “Asset Sales Proceeds Account” (as defined in the Intercreditor Agreement), other than proceeds of Noteholder Priority Collateral.

• Noteholder Agent and Noteholders shall not have any responsibility or liability for the acts or omissions of Revolving Loan Lender, and Revolving Loan Lender shall not have any responsibility or liability for the acts or omissions of Noteholder Agent or any Noteholder, in each case arising in connection with such other Secured Creditor's use and/or occupancy of any of the Noteholder Priority Collateral.

More Definitions of Noteholder Priority Collateral

Noteholder Priority Collateral means all of the assets of each Grantor, whether real, personal or mixed, other than the Bank Priority Collateral.

Noteholder Priority Collateral as defined in the Intercreditor Agreement as in effect on the Issue Date.

Noteholder Priority Collateral has the meaning ascribed thereto in the recitals to this Agreement.

Noteholder Priority Collateral means (a) all Equipment; (b) all Real Estate; (c) all documents of title, policies and certificates of insurance, securities, chattel paper and other documents and instruments evidencing or pertaining to any and all items of Noteholder Priority Collateral identified in the other clauses of this definition; and (d) any and all products and proceeds of the foregoing (including any claim to any item referred to in this definition, and any claim against any third party for loss of, damage to or destruction of any or all of the Noteholder Priority Collateral, or for proceeds payable under, or unearned premiums with respect to, policies of insurance with respect to the Noteholder Priority Collateral) in whatever form, including cash, negotiable instruments and other instruments for the payment of money, investment property, chattel paper, security agreements and other documents.

Noteholder Priority Collateral means the following assets of each Grantor, whether now existing or hereafter arising, excluding the Noteholder Excluded Property:

Noteholder Priority Collateral means all assets of Parent (other than the Pledged Stock) and any other subsidiary of the Parent (other than the Borrower) and all now owned and hereafter acquired equipment, fixtures and real property of Borrower.

Noteholder Priority Collateral has the meaning given such term by the Intercreditor Agreement.