First Priority Collateral Documents definition

First Priority Collateral Documents means any agreement, document or instrument pursuant to which a Lien is granted securing any First Priority Claims or under which rights or remedies with respect to such Liens are governed.

First Priority Collateral Documents means any agreement, instrument or document entered into in favor of the applicable Authorized Representative for the holders of any Series of First-Priority Obligations for purposes of securing such Series of First-Priority Obligations.

First Priority Collateral Documents means (a) the First Lien Collateral Documents, (b) Initial Other First-Priority Collateral Documents, and (c) any documents now existing or entered into after the date hereof that create Liens on any assets or properties of any Grantor to secure any Other First-Priority Obligations, in each case, as Refinanced from time to time in accordance with the terms thereof and subject to the terms hereof.

Examples of First Priority Collateral Documents in a sentence

• The First Priority Secured Obligations owed to each First Priority Secured Holder under the First Priority Collateral Documents shall continue to be effective, or to be reinstated, as the case may be, as to any payment in respect of any First Priority Secured Obligation that is rescinded or must otherwise be returned by an First Priority Secured Holder upon the occurrence or as a result of applicable provisions of the Bankruptcy Code, all as though such payment has not been made.

• After any retiring First Priority Collateral Agent’s resignation hereunder as First Priority Collateral Agent, the provisions of this Agreement and the First Priority Collateral Documents shall inure to its benefit as to any actions taken or omitted to be taken by it under this Agreement or the First Priority Collateral Documents while it was First Priority Collateral Agent hereunder.

• The provisions of this Agreement are inapplicable to the Liens created pursuant to the PCS Pledge Agreement, the Xxxxxxxxx.xxx Pledge Agreement and, except as provided in Section 5.02(e), the Exchange Debt First Priority Collateral Documents.

• In particular, the Control Agent shall have no duty to investigate whether the obligations of any Grantor to the Senior Agent or the Second Lien Agent or any other First Priority Lender or Second Priority Lender is in default or whether the Senior Agent or the Second Lien Agent is entitled under the First Priority Collateral Documents or the Second Priority Collateral Documents, as applicable, or otherwise to give any instructions or notice of exclusive control.

• The First Priority Collateral Parties, the First Priority Representatives and the other First Priority Secured Holders are third-party beneficiaries to this Agreement and the other First Priority Collateral Documents and may from time to time enforce their rights as explicit beneficiaries hereunder pursuant to the terms and conditions of this Agreement and the other First Priority Collateral Documents.

More Definitions of First Priority Collateral Documents

First Priority Collateral Documents means the Initial First Priority Collateral Agreement and the other Security Documents (as defined in the Initial First Priority Credit Agreement) and each of the security agreements and other instruments and documents executed and delivered by any Grantor for purposes of providing collateral security for the First Priority Debt Obligations.

First Priority Collateral Documents means any agreement, instrument or document entered into in favor of any Authorized Representative for purposes of securing any Series of First-Priority Obligations.

First Priority Collateral Documents has the meaning assigned to that term in the Secondary Intercreditor Agreement.

First Priority Collateral Documents means the Equipment Loan and Security Agreement and any documents or agreements now existing or entered into after the date hereof that create or purport to create Liens on Common Collateral to secure any First Priority Obligations or grant rights or remedies with respect to such Liens, as the same may be amended, restated, replaced, refinanced, supplemented or otherwise modified from time to time in a manner not prohibited by the terms hereof.

First Priority Collateral Documents means the “Collateral Documents” as such term is defined in the First Priority Credit Agreement.

First Priority Collateral Documents shall have the meaning provided in the Senior Notes Indenture.

First Priority Collateral Documents means the First Lien Term Loan Collateral Documents and the Revolving Credit Collateral Documents.