Revolving Collateral definition

Revolving Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Revolving Obligations (including, for the avoidance of doubt, any such Revolving Collateral that, but for the application of Section 552 of the Bankruptcy Code, would constitute Revolving Collateral).

Revolving Collateral has the meaning specified in Section 2(c).

Revolving Collateral shall have the meaning assigned to such term in the Intercreditor Agreement.

Examples of Revolving Collateral in a sentence

• Except as expressly permitted under the Indenture, no Assets (other than any Delayed Drawdown Collateral Obligations or Revolving Collateral Obligations) shall be purchased if such Assets may give rise to any obligation or liability on the Issuer’s part to the Obligor or issuer thereof to take any action or make any payment other than at the Issuer’s option.

• The ABL Revolving Collateral Agent and each Term Agent each represents and warrants to the other that it has been authorized by ABL Re- volving Lenders, lenders under the First Lien Credit Facility or holders of Notes, as applicable, under the ABL Revolving Credit Agreement, the Indenture or the First Lien Credit Facility, as applicable, to enter into this Agreement.

• Consistent with, but not in limitation of, the preceding sen- tence, the ABL Revolving Collateral Agent and each Term Agent, on behalf of the applicable Claimhold- ers, irrevocably acknowledges that this Agreement constitutes a “subordination agreement” within the meaning of both New York law and Section 510(a) of the Bankruptcy Code.

• The Revolving Collateral Agent and Revolving Claimholders shall have no duty to advise the Notes Collateral Agent and Notes Claimholders of information known to it or them regarding such condition or any such circumstances or otherwise.

• Without limiting the generality of the foregoing or of the other provisions of this Agreement, in seeking specific performance in any Insolvency Proceeding, the Revolving Collateral Agent or the Notes Collateral Agent may seek such or any other relief as if it were the “holder” of the claims of the other agent’s Claimholders under Section 1126(a) of the Bankruptcy Code or otherwise had been granted an irrevocable power of attorney by the other agent’s Claimholders.

More Definitions of Revolving Collateral

Revolving Collateral means any and all of the following assets and properties now owned or at any time hereafter acquired by any Pledgor to the extent constituting Pledged Collateral, Article 9 Collateral or Real Property Collateral: (a) all Accounts; (b) all Inventory; (c) to the extent evidencing, governing, securing or otherwise related to the items referred to in the preceding clauses (a) and (b), all (i) General Intangibles, (ii) Chattel Paper, (iii) Instruments and (iv) Documents; (d) all Payment Intangibles (including corporate tax refunds), other than any Payment Intangibles that represent tax refunds in respect of or otherwise relate to real property, Fixtures or Equipment; (e) all payments received from the Pledgors’ credit card clearinghouses and processors or otherwise in respect of all credit card charges for sales of Inventory by the Pledgors; (f) all collection accounts, deposit accounts and commodity accounts and any cash or other assets in any such accounts; (g) to the extent relating to any of the items referred to in the preceding clauses (a) through (f) constituting Revolving Collateral, all Supporting Obligations and Letter-of-Credit Rights; (h) all books and records related to the foregoing; and (i) all products and Proceeds of any and all of the foregoing in whatever form received, including proceeds of insurance policies related to Inventory of any Pledgor and business interruption insurance (in each case, except to the extent constituting proceeds of Note Collateral). All capitalized terms used in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC.

Revolving Collateral means all of the property described on Schedule 3 hereto in or upon which the Agent for the benefit of the Revolving Secured Parties has a Lien.

Revolving Collateral means all rights, title and interest in any and all Property, whether now owned or hereafter acquired by any Revolving Loan Party, in which a Lien is granted or purported to be granted to any Revolving Secured Party as security for any Revolving Obligation, wherever located.

Revolving Collateral. All of each Borrower's

Revolving Collateral as defined in the Intercreditor Agreement is hereby amended to specifically exclude the property covered by the Assignment (as defined in the Dairy Facility Reimbursement Agreement) and the property covered by the Deed of Trust (as defined in the Dairy Facility

Revolving Collateral means Collateral with respect to which a Lien has been granted pursuant to the Revolving Credit Facility securing Revolving Obligations.

Revolving Collateral shall have the meaning assigned to the term “Revolving Facility Collateral” in the First Out Credit Agreement.