Credit Agreement Lien definition

Credit Agreement Lien means a Lien on any assets of the Company and its Subsidiaries (including the Lien on the outstanding capital stock of certain direct and indirect Subsidiaries of the Company) securing any Liabilities under the Credit Agreement.
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Credit Agreement Lien means any Lien in favor of National City Bank, as Administrative Agent pursuant to the Credit Agreement (and any successor administrative agent(s)), for the benefit of each Secured Party (under and as defined in the Credit Agreement) under the Credit Agreement.
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Credit Agreement Lien means any security interest in personal property in favor of the Collateral Agent pursuant to the Credit Agreement for the benefit of the Secured Parties (under and as defined in the Credit Agreement) under the Credit Agreement.
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Examples of Credit Agreement Lien in a sentence

  • Each Loan Party hereby represents and warrants to the Administrative Agent and the Lenders that, pursuant to the Security Instruments to which such Loan Party is a party, the Secured Obligations are secured by a first priority (subject to certain Liens permitted under Section 9.03 of the Credit Agreement) Lien on all of such Loan Party’s assets to the extent required by the Security Instruments.

  • Except as set forth in Schedule 3.20, as of the date of the Latest Balance Sheet, the Company and its Subsidiaries had good and legal title to all of the Properties and assets reflected as Properties and assets owned by the Company or any of its Subsidiaries in the Latest Balance Sheet, free and clear of all Liens other than (x) the Credit Agreement Lien, (y) other Permitted Liens and (z) other Liens that did not (and do not) materially adversely affect the use or value of such Properties and assets.

  • As of the date of this Agreement, except for shares of International Companies which are owned by Employees, all of the outstanding shares of capital stock of each of the Company's Subsidiaries are owned of record and beneficially by the Company or one or more of its Subsidiaries, in each case free and clear of any Lien except for the Credit Agreement Lien.

  • Upon delivery of the Purchased Units and payment therefor pursuant hereto, good and valid title to such Purchased Units, free and clear of all liens, encumbrances, equities or claims, including the Credit Agreement Lien, will pass to the Purchaser.

  • Each Grantor owns its Collateral free and clear of any Lien, except for any security interest (a) created by this Security Agreement and (b) that is a Permitted Lien or Credit Agreement Lien.

  • The Seller shall cause the Company and its Subsidiaries to apply all or a portion of the International Proceeds to the payoff of all obligations of the Loan Parties under the Credit Agreement with the effect that Union Bank, as collateral agent under the Financing Documents, shall terminate and release the Credit Agreement Lien.

  • Except for the Alpharma Credit Agreement Lien, Seller is not a party to any option, warrant, purchase right, or other contract or commitment (other than this Agreement) that could require Seller to sell, transfer, or otherwise dispose of any capital stock of the Target Company.

  • Parent shall cause the Alpharma Credit Agreement Lien to be released as of or prior to the Closing Date with respect to the Acquired Assets, the Target Shares and the assets of the Target Companies and the Target Subsidiaries.

  • The Loan Parties shall have delivered to the Administrative Agent reasonably satisfactory evidence that the Administrative Agent (on behalf of the Lenders) shall have a valid and perfected first priority (subject to Liens expressly permitted under Section 7.3 of the Credit Agreement) Lien and security interest in the Collateral described in each of the Security Documents.

  • Under the Final Cash Collateral Order, the Creditors’ Committee alleged that such Prepetition Credit Agreement Liens are invalid or unenforceable because, inter alia, there is no debt secured by such liens, and the Debtors and the Prepetition Lender disputed such allegations in all respects (the “Prepetition Credit Agreement Lien Allegations”).


More Definitions of Credit Agreement Lien

Credit Agreement Lien shall have the meaning specified in Section 4.01.
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Related to Credit Agreement Lien

  • Senior Credit Agreement means that Credit Agreement dated as of December 1, 2006 (as amended, supplemented or otherwise modified from time to time), among the Issuer, Holdings, IV, Holdings V, Holdings III, each lender from time to time party thereto and the Administrative Agent.

  • DIP Credit Agreement means the Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of April 1, 2009, among the Companies, the Investor and the other lenders and agents from time to time party thereto, after giving effect to all amendments, waivers, supplements, modifications and any substitutions therefor.

  • Prepetition Credit Agreement has the meaning specified in the recitals hereto.

  • U.S. Credit Agreement means that certain credit agreement dated as of even date herewith by and among the U.S. Borrower, as borrower, the lenders party thereto, as lenders, and the U.S. Administrative Agent, as administrative agent.

  • ABL Credit Agreement as defined in the recitals hereto.

  • Bank Credit Agreement means the Revolving Credit and Term Loan Agreement, dated as of January 26, 2015, by and among the Company and certain of its Subsidiaries, Bank of America, N.A., as administrative agent, and the other financial institutions party thereto, as amended, restated, joined, supplemented or otherwise modified from time to time, and any renewals, extensions or replacements thereof, which constitute the primary bank credit facility of the Company and its Subsidiaries.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Credit Agreements means any promissory note, mortgage, loan agreement, indenture or similar instrument or agreement to which the Company or any of its Subsidiaries is or becomes a borrower, as such instruments or agreements may be amended, restated, supplemented or otherwise modified from time to time and including any one or more refinancing or replacements thereof, in whole or in part, with any other debt facility or debt obligation, for as long as the payee or creditor to whom the Company or any of its Subsidiaries owes such obligation is not an Affiliate of the Company.

  • First Lien Loan Documents means the “Loan Documents” as defined in the First Lien Credit Agreement.

  • Credit Agreement Collateral Documents means the Security Agreement, the other Collateral Documents (as defined in the Credit Agreement) and each other agreement entered into in favor of the Credit Agreement Collateral Agent for the purpose of securing any Credit Agreement Obligations.

  • New Credit Agreement means the Credit Agreement, dated as of the Issue Date, by and among Level 3 Parent, LLC, Level 3 Financing, Inc., Wilmington Trust, National Association, as administrative agent, the New Credit Agreement Agent and each lender party thereto from time to time, as may be amended, restated, supplemented or otherwise modified from time to time.

  • Borrower Credit Agreement Obligations the collective reference to the unpaid principal of and interest on the Loans and Reimbursement Obligations and all other obligations and liabilities of the Borrower (including, without limitation, interest accruing at the then applicable rate provided in the Credit Agreement after the maturity of the Loans and Reimbursement Obligations and interest accruing at the then applicable rate provided in the Credit Agreement after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) to the Administrative Agent or any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Credit Agreement, this Agreement, or the other Loan Documents, or any Letter of Credit, or any other document made, delivered or given in connection therewith, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise (including, without limitation, all fees and disbursements of counsel to the Administrative Agent or to the Lenders that are required to be paid by the Borrower pursuant to the terms of any of the foregoing agreements).

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • Existing ABL Credit Agreement means that certain ABL credit agreement, dated as of April 19, 2013, among Petco Animal Supplies, Inc., the lenders party thereto, Bank of America, N.A., (as successor to Credit Suisse AG) as administrative agent, Xxxxx Fargo Bank, National Association, as collateral agent, and the subsidiaries of Petco Animal Supplies, Inc. from time to time party thereto, as amended by that certain First Amendment to the ABL Credit Agreement, dated as of November 21, 2014.

  • Senior Secured Credit Agreement means that certain Credit Agreement, dated as of September 27, 2018, among the Borrowers, the lenders from time to time party thereto, JPMCB as administrative agent, JPMCB as collateral agent, and the other parties thereto, as amended, restated, amended, restated, extended, supplemented, refinanced or otherwise modified from time to time.

  • Term Credit Agreement means the Term Credit Agreement and any other agreement extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing all or any portion of the Term Obligations, whether by the same or any other agent, lender or group of lenders and whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

  • Exit Facility Credit Agreement means the credit agreement, Filed with the Plan Supplement, which credit agreement shall contain terms and conditions consistent in all respects with those set forth on the Exit Facility Term Sheet and, to the extent any terms and conditions are not set forth on or contemplated therein, such other terms and conditions as are acceptable to the Special Restructuring Committee and the Majority Noteholders in the manner set forth in the Restructuring Support Agreement.

  • Credit Agreement Collateral Agent has the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Prior Credit Agreement has the meaning specified in the Recitals hereto.

  • Credit Facility Agreement means the Credit Facility and Reimbursement Agreement dated as of May 1, 2003, between the Bond Bank and the Bank providing for the timely payment, when due, of a portion of the principal of and interest on the Notes, all subject to such conditions and under such terms as described in Article X of the Indenture.

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Credit Agreement Secured Parties means the “Secured Parties” as defined in the Credit Agreement.

  • Credit Agreement has the meaning assigned to such term in the preliminary statement of this Agreement.

  • Credit Agreement Obligations means the “Obligations” as defined in the Credit Agreement.

  • Credit Agreement Documents means the collective reference to any Credit Agreement, any notes issued pursuant thereto and the guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced (whether or not upon termination, and whether with the original lenders or otherwise), restructured, repaid, refinanced or otherwise modified, in whole or in part, from time to time.

  • Credit Agreement Agent means, at any time, the Person serving at such time as the “Agent” or “Administrative Agent” under the Credit Agreement or any other representative then most recently designated in accordance with the applicable provisions of the Credit Agreement, together with its successors in such capacity.