Revolving Credit Priority Collateral definition

Revolving Credit Priority Collateral means all “Revolving Credit Priority Collateral” as defined in the Intercreditor Agreement.

Revolving Credit Priority Collateral shall have the meaning provided to such term in the Intercreditor Agreement.

Revolving Credit Priority Collateral means, all present and future right, title and interest of the Company and each other Obligor in and to the following, whether now owned or hereafter acquired, existing or arising, and wherever located:

Examples of Revolving Credit Priority Collateral in a sentence

• Except for financing statements filed by or on behalf of Agent and financing statements filed by the agent under the Revolving Facility related to Revolving Credit Priority Collateral, as of the Closing Date, there are no effective financing statements covering any of the Collateral or any proceeds thereof on file in any applicable jurisdiction.

• Until the Revolving Credit Obligations Payment Date, the Term Loan Administrative Agent agrees, on behalf of itself and the other Term Loan Secured Parties, that none of them will seek relief from the automatic stay or from any other stay in any Insolvency Proceeding or take any action in derogation thereof, in each case in respect of any Revolving Credit Priority Collateral, without the prior written consent of the Revolving Lender.

• BFI shall give the Revolving Lender at least 10 Business Days’ written notice prior to taking any Enforcement Action as to any Revolving Credit Priority Collateral, which notice may be given during the pendency of any Standstill Period.

• Prior to the Revolving Credit Obligations Payment Date, the Revolving Lender shall have the sole and exclusive right, as between the Term Loan Administrative Agent on the one hand and the Revolving Lender on the other hand, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Revolving Credit Priority Collateral.

• After the occurrence of the Revolving Credit Termination Date, BFI, shall have the exclusive right, subject to the rights of the Revolving Borrowers under the applicable Documents, to settle and adjust claims in respect of the Revolving Credit Priority Collateral under policies of insurance and to approve any award granted in condemnation or similar proceeding, or any deed in lieu of condemnation, in respect of the Revolving Credit Priority Collateral.

More Definitions of Revolving Credit Priority Collateral

Revolving Credit Priority Collateral has the meaning set forth in Section 8.03(f).

Revolving Credit Priority Collateral means all now owned or hereafter acquired: (a) Accounts, other than “payment intangibles” (as defined in Article 9 of the UCC) which constitute identifiable proceeds of Pari Passu Priority Collateral, (b) all Inventory or documents of title for any Inventory; (c) Deposit Accounts (other than any Deposit Accounts that are Net Cash Proceeds Accounts), Securities Accounts (other than any Securities Accounts that are Net Cash Proceeds Accounts), Instruments (solely to the extent constituting or evidencing obligations owing (i) for property that has been sold, leased, licensed, assigned or otherwise disposed of or (ii) for services rendered or to be rendered, and excluding Intercompany Notes of Subsidiaries) and Chattel Paper (solely to the extent constituting or evidencing obligations owing (i) for property that has been sold, leased, licensed, assigned or otherwise disposed of or (ii) for services rendered or to be rendered); provided, however, that to the extent Instruments or Chattel Paper that constitute identifiable proceeds of Pari Passu Priority Collateral are deposited or held in any such Bank Accounts or Securities Accounts after an Enforcement Notice, then (as provided in Section 5.5) such Instruments, Chattel Paper or other identifiable proceeds shall be treated as Pari Passu Priority Collateral, as the case may be; (d) Revolving Credit General Intangibles; (e) right, title and interest in and to any Receivables Purchase Agreement; (f) any credit insurance policy maintained with respect to Accounts of any Loan Party; (g) Records, Letters of Credit, Letter of Credit Rights, “supporting obligations” (as defined in Article 9 of the UCC), commercial tort claims or other claims and causes of action, in each case, to the extent related primarily to any of the foregoing; and (h) substitutions, replacements, accessions, products and proceeds (including insurance proceeds, licenses, royalties, income, payments, claims, damages and proceeds of suit) of any or all of the foregoing.

Revolving Credit Priority Collateral in the Intercreditor Agreement.

Revolving Credit Priority Collateral means “ABL Priority Collateral” under and as defined in the Intercreditor Agreement.

Revolving Credit Priority Collateral means all of each Loan Party’s now owned or hereafter acquired Revolving Credit Collateral that constitutes:

Revolving Credit Priority Collateral means all “Collateral” as described in Annex A.

Revolving Credit Priority Collateral means (i) all deposit accounts of any Loan Party (other than Excluded Accounts) as well as all funds on deposit therein, (ii) all Accounts of any Loan Party, (iii) all hydrocarbon Inventory of any Loan Party, (iv) all related instruments, letters of credit, letter of credit rights, credit support, insurance, chattel paper, documents, supporting obligations, related payment intangibles, cash, cash equivalents, other related rights, claims, causes of action, books and records, accounting systems and other similar personal property of any Loan Party and (v) any proceeds or products of any of the foregoing. For the avoidance of doubt, “Revolving Credit Priority Collateral” shall not include (x) any plant, property or equipment of any Loan Party or (y) any Purchased Receivables Collateral.