Notes Priority Collateral definition

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

Notes Priority Collateral shall have the meaning assigned to such term in the ABL Intercreditor Agreement.

Notes Priority Collateral means all now owned or hereafter acquired Notes Collateral that constitutes:

Examples of Notes Priority Collateral in a sentence

• Any Collateral of any type received in exchange for ABL Priority Collateral or Notes Priority Collateral pursuant to certain enforcement actions or during an Insolvency Proceeding will be treated as priority Collateral of the same type as that for which it was received in exchange (ABL Priority Collateral or Notes Priority Collateral, as the case may be).

• Obligations under the 2014 Indenture are guaranteed by NWH Guarantor and are secured by a first priority lien on the Notes Priority Collateral and a second priority lien on the ABL Priority Collateral.

• Liens on the Notes Priority Collateral in favor of any collateral agent relating to such collateral agent’s administrative expenses with respect to the Notes Priority Collateral.

• The First Lien Notes are secured by senior liens on the Notes Priority Collateral.

• The Prepetition ABL Facility is secured by (a) first priority liens on all Accounts, Inventory, Revolver Extraordinary Receipts, Deposit Accounts, Money on Deposit in Security Accounts (each as defined in the Prepetition ABL Facility), and all proceeds and products of this property (the “Prepetition ABL Priority Collateral”) and (b) second priority liens on all Prepetition Term Notes Priority Collateral.

More Definitions of Notes Priority Collateral

Notes Priority Collateral means the following of any Grantor: (i) Equipment; (ii) Real Estate Assets; (iii) intellectual property; (iv) Equity Interests in all direct Subsidiaries of any Grantor; (v) intercompany indebtedness of the Issuer and its Subsidiaries; (vi) all other assets of any Grantor, whether real, personal or mixed (including the Revenue Account and other Fixed Asset Accounts and the Fixed Asset Collateral Proceeds Account), in each case, not constituting ABL Priority Collateral prior to the discharge of ABL Obligations; (vii) to the extent evidencing, governing, securing or otherwise reasonably related to any of the foregoing, all documents, general intangibles, instruments, 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 ABL Priority Collateral only that portion that evidences, governs, secures or reasonably relates to Notes Priority Collateral shall constitute Notes Priority Collateral; (viii) 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); (ix) insurance and claims against third parties to the extent arising on account of Notes Priority Collateral (excluding, however, the proceeds of and payments under all policies of business interruption insurance); and (x) all proceeds and products of any or all of the foregoing in whatever form received, but excluding any property that is directly acquired prior to the commencement of any case or proceeding under the Bankruptcy Code or any similar Bankruptcy Law with cash proceeds of any Notes Priority Collateral and does not otherwise constitute Notes Priority Collateral upon its acquisition. Subject to certain provisions of the Intercreditor Agreement, upon a discharge of ABL Obligations, all ABL Priority Collateral shall become Notes Priority Collateral.

Notes Priority Collateral means “Notes Priority Collateral” as defined in the Intercreditor Agreement.

Notes Priority Collateral means all assets of the Company and the Guarantors other than (a) the Excluded Assets and (b) the ABL Priority Collateral.

Notes Priority Collateral has the meaning assigned to the term “Notes Priority Collateral” in the Intercreditor Agreement.

Notes Priority Collateral means any and all Collateral other than the ABL Priority Collateral. “Notice Date” shall have the meaning provided in Section 2.16(a).

Notes Priority Collateral means all Collateral other than ABL Priority Collateral, including all real estate, Equipment, Intellectual Property and Equity Interests of Subsidiaries.

Notes Priority Collateral has the meaning given to such term in the Senior Lien Intercreditor Agreement.