First Lien Holder definition

First Lien Holder means the lender and mortgagee under the First Lien Mortgage.

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First Lien Holder means the lender and beneficiary under the First Lien Deed of Trust.

First Lien Holder means each holder of any First Lien Obligations.

Examples of First Lien Holder in a sentence

• This is a continuing agreement of lien subordination in respect of the Collateral and the First Lien Holder may continue, at any time and without notice to the Second Lien Agent or any Second Lien Noteholder, to extend credit and other financial accommodations and lend monies to or for the benefit of the Borrower or any Grantor constituting First Lien Principal Obligations up to but not exceeding the First Lien Cap in reliance hereof.

• The Company shall give each First Lien Holder at least ten (10) days’ written notice of the date of closing (the “Put Right Closing Date”).

• The Borrower acknowledges and agrees that the value of any payments or distributions in cash, property or other assets received by the Second Lien Agent or the Second Lien Noteholders that are paid over to the First Lien Holder pursuant to this Agreement shall not reduce any of the Second Lien Obligations.

• Collateral or proceeds thereof received by the Second Lien Agent or any Second Lien Noteholder after a Discharge of First Lien Obligations and prior to the reinstatement of such First Lien Obligations shall be delivered to the First Lien Holder upon such reinstatement in accordance with Section 4.2.

• Each of the First Lien Holder and the Second Lien Agent may demand specific performance of this Agreement.

More Definitions of First Lien Holder

First Lien Holder means Citizens Bank of Pennsylvania in its capacity as agent for the Senior Lenders as defined in the Intercreditor Agreement and its successors and/or assigns. "Hazardous Materials", shall include, without limitation, asbestos (including, without limitation, asbestos in friable form), polychlorinated biphenyls, petroleum products, flammable or explosive materials, radioactive materials, hazardous materials, hazardous waste, hazardous or toxic substances or related materials, each as defined under or pursuant to any Environmental Law.

First Lien Holder means the lender and the mortgagee under the First Lien Mortgage.

First Lien Holder has the meaning assigned to that term in the Preamble to this Agreement.

First Lien Holder means National Bank of Commerce.

First Lien Holder means The Boeing Company and its successors and assigns and, acting on behalf of the First Lien Holder, its agents.

First Lien Holder means the holder of a promissory note, payment of which is secured by a first mortgage or first deed of trust encumbering and interest in a Condominium. "Mortgage" shall include a deed of trust and "Mortgagee" shall include the beneficiary of a deed of trust.

First Lien Holder means each Stockholder Party identified on Schedule 2 hereto as a First Lien Holder, and its Permitted Transferees.