First Lien Loan Parties definition

First Lien Loan Parties has the meaning assigned to the term “Loan Parties” in the First Lien Credit Agreement.
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First Lien Loan Parties shall have the meaning assigned to that term in the recitals to this Agreement.
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First Lien Loan Parties means "Loan Parties", as defined in the First Lien Credit Agreement.
Sample 1

Examples of First Lien Loan Parties in a sentence

  • Each of the Original First Lien Agent (on behalf of the Original First Lien Secured Parties) and the [ ]i [First/Second]ii Lien Agent (on behalf of the [ ]i [First/Second]ii Lien Secured Parties) and, by their acknowledgment hereof, the Original First Lien Loan Parties and the [ ]i [First/Second]ii Lien Loan Parties, desire to agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests as provided herein.

  • Separately, certain of the Prepetition First Lien Loan Parties have granted liens on certain real property owned in fee by such Prepetition First Lien Loan Parties by way of mortgages, and/or deeds of trust in connection with the Prepetition First Lien Obligations (the “Prepetition First Lien Mortgages”).

  • To the knowledge of Borrower, the use by Borrower (or one or more of the First Lien Loan Parties) of the Intellectual Property that is material to the conduct of its business as currently conducted, does not infringe on the rights of any person, which infringement, individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect.

  • Borrower (or one or more of the First Lien Loan Parties) owns, or is licensed or otherwise has the right to use, all Intellectual Property that is material to the conduct of its business as currently conducted except as would not reasonably be expected to result in a Material Adverse Effect.

  • Lender acknowledges that the Class A Manager, the Class B Manager, Lender and each of their respective affiliates have affirmative obligations in favor of the Borrower and other First Lien Loan Parties pursuant to certain agreements among such parties.

  • The following shall apply in determining the number of years' experience credit applicable for increment purposes.

  • As of the Petition Date, without defense, counterclaim, or offset of any kind, the First Lien Loan Parties were jointly and severally indebted to the First Lien Agent and the First Lien Lenders in the aggregate amount of approximately $38,073,109.14, in each case, to the extent provided in the First Lien Loan Documents (collectively, the “First Lien Obligations”).

  • To secure the First Lien Obligations, the First Lien Loan Parties granted to the First Lien Agent, for the benefit of itself and the First Lien Lenders, first-priority liens on and security interests in (collectively, the “Prepetition RBL Liens”) all “Collateral” as defined in the First Lien Credit Agreement (collectively, the “Prepetition First Lien Collateral”).

  • Xxxxxx, xx the Securityholder Agent, are entering into an Agreement and Plan of Reorganization (the "MERGER AGREEMENT") which provides for the merger (the "MERGER") of Silicon Acquisition Corp., a California corporation to be formed by Parent as a wholly-owned subsidiary of Parent ("MERGER SUB"), and the Company.

  • To secure the First Lien Obligations, the First Lien Loan Parties granted to the First Lien Agent, for the benefit of itself and the First Lien Lenders, for fair consideration and reasonably equivalent value, first-priority liens on and security interests in (collectively, the “Prepetition First Lien Credit Facility Liens”) all “Collateral” as defined in the First Lien Credit Agreement (collectively, the “Prepetition First Lien Collateral”).


More Definitions of First Lien Loan Parties

First Lien Loan Parties the Borrower, the Cayman Borrower, the Guarantors, the Foreign Subsidiaries who are guarantors thereunder and each other Subsidiary of Holdings that is a party to a Loan Document (as defined in the First Lien Credit Agreement as in effect on the date hereof).
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Related to First Lien Loan Parties

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

  • Second Lien Loan Documents means the Second Lien Credit Agreement and the other “Loan Documents” under and as defined in the Second Lien Credit Agreement, as each such document may be amended, renewed, restated, supplemented or otherwise modified from time to time.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • First Lien Loans means the “Loans” (or any comparable term) as defined in the First Lien Credit Agreement.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Second Lien Loans means the “Loans” as defined in the Second Lien Credit Agreement and shall, for the avoidance of doubt, include Incremental Second Lien Loans.

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • First Lien Bank Loan means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Second Lien Secured Parties means, at any relevant time, the holders of Second Lien Obligations at such time, including without limitation the Second Lien Lenders and the agents under the Second Lien Credit Agreement.

  • First Lien Credit Agreement means the Credit Agreement, dated as of the Closing Date, among Holdings, the Borrower, the guarantors party thereto, the lenders party thereto, the other parties from time to time party thereto, and the First Lien Administrative Agent.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

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

  • Second Lien Credit Agreement means that certain Second Lien Credit Agreement, dated as of December 30, 2020, among Vine Energy Holdings LLC, as borrower, the lenders from time to time party thereto and Xxxxxx Xxxxxxx Senior Funding, Inc. as Administrative Agent (as defined therein) and Collateral Agent (as defined therein), as further amended, restated, amended and restated, extended, supplemented or otherwise modified from time to time

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • First Lien/First Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, as such document may be amended, restated, supplemented or otherwise modified from time to time.

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

  • Prepetition Loan Documents means the “Loan Documents” as defined in the Prepetition Credit Agreement, in each case as amended, supplemented, or modified from time to time prior to the Petition Date.

  • DIP Lender means a lender under the DIP Facility.

  • First Lien Last Out Loan Any Collateral Obligation that would be a Senior Secured Loan except that, following a default, such Collateral Obligation becomes fully subordinated to other senior secured loans of the same Obligor and is not entitled to any payments until such other senior secured loans are paid in full.

  • Term Loan Security Documents means the “Security Documents” as defined in the Term Loan Credit Agreement.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Term Loan Priority Collateral as defined in the Intercreditor Agreement.