Working Capital Priority Collateral definition

Working Capital Priority Collateral has the meaning specified in Section 8.01(q).

Working Capital Priority Collateral means all of the following present and future assets and Property of the Company and any other Grantor with respect to which a Lien is granted as security for any Working Capital Obligations:

Working Capital Priority Collateral means all assets and properties of any kind whatsoever, real or personal, tangible or intangible, and wherever located that are owned by any Borrower or any Obligor (including, without limitation, all accounts, inventory, equipment, general intangibles, investment property, financial assets, books and records and all proceeds and products of any of the foregoing, including proceeds of insurance covering any or all of the foregoing, and any and all tangible or intangible property resulting from the sale, exchange, collection, or other disposition of any of the foregoing, or any portion thereof or interest therein, and the proceeds thereof), except for the Guggenheim Priority Collateral.

Examples of Working Capital Priority Collateral in a sentence

• The Term Loan Agent and Term Loan Claimholders and any 42 Additional Agent and any Additional Claimholders shall not, directly or indirectly, offer to provide, support any other Person in providing, provide or seek to provide DIP Financing secured by Liens equal or senior to the Liens on the Working Capital Priority Collateral, without the prior written consent of the Working Capital Agent.

• The Working Capital Representative shall have the sole and exclusive right, as against the Term Loan Representative, to adjust settlement of insurance claims in the event of any covered loss, theft or destruction of Working Capital Priority Collateral.

• Notwithstanding anything to the contrary herein, no prepayments of Loans shall be required or permitted pursuant to Sections 2.10(b) and (d) from the proceeds of Working Capital Priority Collateral unless and until such time, if any, as all obligations under the Revolving Credit Agreement have been repaid in full in cash or cash collateralized as required by the terms of the Revolving Credit Agreement.

• The Working Capital Lenders shall take a first priority lien and security interest on all assets of the Debtors, except for the Bay Harbour Priority Collateral described below, with guaranties and/or stock pledges of non-Debtor affiliates (the "Working Capital Priority Collateral").

• The Note Purchase Lenders shall take a first priority lien and security interest on the Retail Unit, the Contract for Sale, the 20% membership interest of the Debtors in Times Square Partners LLC ("TSP"), and all other ancillary documents relating to the Debtors' interests in the 1567 Broadway property (the "Bay Harbour Priority Collateral") and a second priority lien on the Working Capital Priority Collateral.

More Definitions of Working Capital Priority Collateral

Working Capital Priority Collateral means (all defined terms used in this definition but not defined in this Agreement shall have the respective meanings given such terms in the UCC):

Working Capital Priority Collateral means all Working Capital Collateral other than Term Loan Priority Collateral.

Working Capital Priority Collateral has the meaning ascribed to such term in the Intercreditor Agreement.

Working Capital Priority Collateral as defined in the Intercreditor Agreement (other than Excluded Property), including, upon the payment in full of the PP&E Obligations and the termination of the PP&E Commitment, all PP&E Priority Collateral (other than Excluded Property) and (ii) on and after the Amendment No. 7 Effective Date, (a) in the event of the consummation of the Secured Notes Offering, all property with respect to which the Agent holds a first lien pursuant to the terms of the Intercreditor Agreement — Secured Notes Indenture (other than Excluded Property), including, upon the payment in full of all obligations under the Secured Senior Notes and the Secured Notes Indenture, the Secured Notes Indenture Collateral (other than Excluded Property) or (b) in the event of the consummation of the Unsecured Notes Offering, all Collateral.

Working Capital Priority Collateral has the meaning specified in Section 8.01(q). “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 1.02

Working Capital Priority Collateral as defined in the Intercreditor Agreement, including, upon the payment in full of the CL Obligations and the termination of the CL Commitment, all CL Priority Collateral other than Real Property.

Working Capital Priority Collateral as defined in the Intercreditor Agreement (other than Excluded Property), including, upon the payment in full of the PP&E Obligations and the termination of the PP&E Commitment, all PP&E Priority Collateral (other than Excluded Property).