First Lien Secured Obligations definition

First Lien Secured Obligations means the “Guaranteed Obligations” as defined in the First Lien Guarantee Agreement.
First Lien Secured Obligations as defined in the Intercreditor Agreement.
First Lien Secured Obligations means the “First Lien Secured Obligations” as defined in the Closing Date Intercreditor Agreement.

Examples of First Lien Secured Obligations in a sentence

  • Subject to the terms of this Agreement, until the Discharge of First Lien Secured Obligations has occurred, the First Lien Representatives shall be entitled to deal with the Pledged Collateral in accordance with the terms of the First Lien Loan Documents as if the Liens of the Second Lien Secured Parties under the Second Lien Security Documents did not exist.

  • The Prepetition First Lien Roll-Up shall be subject to this Court's right to unwind the paydown of the Revolving Loans in the event that there is a timely and successful challenge to the validity, enforceability, extent, perfection, and priority of the Prepetition First Priority Liens and the Prepetition First Lien Secured Obligations, or a determination that the Prepetition First Lien Secured Obligations were undersecured as of the Petition Date.

  • Upon the payment in full in cash of the First Lien Secured Obligations, the Second Lien Secured Obligations and the Third Lien Secured Obligations, this Article VII shall cease to be of any effect except for this Section 7.12.

  • Prior to the Discharge of the First Lien Secured Obligations, the Second Lien Secured Parties will not enter into, authorize or direct, any amendment of or supplement to any Second Lien Security Document relating to any Collateral that would make such document inconsistent in any material respect with the comparable provisions of the First Lien Security Document upon such Collateral.

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More Definitions of First Lien Secured Obligations

First Lien Secured Obligations means the Obligations under (i) the Credit Agreements and (ii) any other Indebtedness secured on a pari passu first lien basis with such Obligations; provided that such Indebtedness is expressly permitted to be so incurred, secured and guaranteed on such basis by the then existing documents governing the First Lien Secured Obligations and the Second Lien Secured Obligations and the holders of such Indebtedness or their Designated Representative shall have become party to the First Lien/Second Lien Intercreditor Agreement.
First Lien Secured Obligations means the “First-Lien Indebtedness”, as such term is defined in the Intercreditor Agreement.
First Lien Secured Obligations means the “Secured Obligations” as defined in the First Lien Credit Agreement.
First Lien Secured Obligations means, at any time, (a) the First Lien Credit Agreement Secured Obligations, (b) all Cash Management Obligations (and guarantees thereof) secured under the First Lien Security Documents securing the First Lien Credit Agreement and (c) the Additional First Lien Secured Obligations; provided that, notwithstanding anything to the contrary in this Agreement, the term “First Lien Secured Obligations” shall exclude any obligation (other than any obligation in respect of any DIP Financing permitted to be incurred under Section 2.07 hereof and to which the Second Lien Secured Parties are required to consent or otherwise do consent) that was not permitted to be incurred and secured by First Liens on the First Lien Collateral, by this Agreement and by each First Lien Loan Document and each Second Lien Debt Document in effect at the time of such incurrence.
First Lien Secured Obligations shall exclude any obligation (other than any obligation in respect of any DIP Financing permitted to be incurred under Section 2.07 hereof and to which the Second Lien Secured Parties are required to consent or otherwise do consent) that was not permitted to be incurred and secured by First Liens on the First Lien Collateral, by this Agreement and by each First Lien Loan Document and each Second Lien Debt Document in effect at the time of such incurrence.
First Lien Secured Obligations means all obligations defined as “Obligations” in the First-Lien Guarantee and Collateral Agreement and the other First-Lien Security Documents.