Working Capital Collateral definition

Working Capital 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 Working Capital Obligations.

Working Capital Collateral means the collateral, including (i) all accounts receivable for goods sold and services rendered by Company or any of Company’s Subsidiaries, and rents license fees, and “payment intangibles” (as that term is defined in the UCC now or hereafter in effect) in respect of the foregoing and all proceeds or any of the foregoing (“Accounts”) (including, without limitation, all Accounts constituting proceeds of inventory); (ii) all rights of enforcement and collection, remedies, guarantees, supporting obligations, letter-of-credit rights and security interests, in each case, in respect of the Accounts; (iii) all books and records, information and data evidencing or describing the Accounts, whether compiled or derived by Company or any of its subsidiaries or to which the Company or any of its subsidiaries is entitled, in whatever form or medium, that at any time evidence or contain information relating to any of the Accounts or are otherwise necessary or helpful in the collection thereof or realization thereon; (iv) the lockbox where the proceeds of Accounts are deposited (including any and all funds and other payments deposited therein); (v) all accessions and additions to, and substitutions and replacements of, any and all of the foregoing; and (vi) all proceeds and products of the foregoing (including, without limitation, payment intangibles, as such term is defined in the UCC), securing the Permitted Working Capital Facility, on which Xxxxxxx Xxxxx has a Lien pursuant to the Working Capital Facility Security Agreement.

Working Capital Collateral means that portion of the Collateral consisting of cash, deposit accounts, receivables and inventory, together with all documents of title, letters of credit, books, records and files (whether in physical or electronic form) relating to the foregoing.

Examples of Working Capital Collateral in a sentence

• The Parties agree that, once the Rabobank Working Capital Collateral has been sold and removed from the Debtors’ operating locations, the Real Property Collateral is no longer necessary for the Debtors’ effective reorganization.

• The Rabobank Secured Parties therefore assert that the Insurance Proceeds are part of the Rabobank Working Capital Collateral to the extent, at a minimum, of the improvement costs and deductible.

• Upon the removal of all of the Rabobank Working Capital Collateral from the Real Property Collateral, or any individual premises comprising the Real Property Collateral, Compeer is entitled to, and cause exists to grant, an order modifying the automatic stay to allow Compeer to exercise its state law and contractual rights and remedies against the respective Real Property Collateral.

• Rabobank asserts that the Debtors used certain Rabobank Working Capital Collateral to improve the Real Property Collateral and to pay the deductible for the Insurance Claims.

• Pursuant to an intercreditor agreement among Rabobank, Compeer PCA, and Pipeline (the “ Intercreditor Agreement”), Rabobank’s asserted security interest in the Working Capital Collateral (as defined therein), comprising substantially all current-asset personal property of the Debtors, is senior to Compeer PCA’s security interest.

More Definitions of Working Capital Collateral

Working Capital Collateral means the following assets and property of the Company and any of the Guarantors, now owned or hereafter acquired or in which the Company or any Guarantor now has or hereafter acquires any interest:

Working Capital Collateral means all of each Borrower's now owned or hereafter acquired right, title, and interest in and to each of the following:

Working Capital Collateral means any property of the Company and its Subsidiaries securing any Working Capital Facility.

Working Capital Collateral means (a) the inventory, spare parts and mobile equipment of Inland and the Restricted Subsidiaries, whether now owned or hereafter acquired (and the proceeds thereof and the related books, records and other property incidental thereto), and (b) the Capital Stock of Ispat Inland Administrative Service Company and all notes receivable and accounts receivable by Inland from Ispat Inland Administrative Service Company (and the proceeds thereof), in each case to the extent pledged under and as more fully described in the Working Capital Security Documents.

Working Capital Collateral means the following property of Jupiter, in each case, whether now owned or existing or hereafter created, acquired or arising and wherever located: (a) Jupiter’s Accounts; (b) Jupiter’s Inventory, merchandise, materials, whether raw, work in progress or finished goods, packaging and shipping materials and all other tangible property held for sale or lease; (c) Proceeds of any of the foregoing, including Cash Proceeds and other non-cash Proceeds, and proceeds of any insurance policies covering any of the of the foregoing; (d) the Collections Account, (e) Jupiter’s records, to the extent related to any of the foregoing, including all books, records and other property at any time evidencing or relating to any of the foregoing, and all electronic means of storing such records; (f) to the extent not otherwise included above, all collateral support and Supporting Obligations relating to any of the foregoing; and (g) to the extent not otherwise included above, all products and accessions of or in respect of any of the foregoing.

Working Capital Collateral has the meaning set forth in the Subordination Agreement.

Working Capital Collateral is defined in the definition of "Collateral".