First Priority Creditors definition

First Priority Creditors means each “Secured Party” as defined in the First Priority Agreement, or any Persons that are designated under the First Priority Agreement as the “First Priority Creditors” for purposes of this Agreement.

First Priority Creditors means, at any relevant time, the holders of First Priority Obligations at that time, including the First Priority Lenders and the agents under the First Priority Loan Documents.

First Priority Creditors shall have the meaning assigned to such term in the preliminary statement of this Agreement.

Examples of First Priority Creditors in a sentence

• In the Exercise of Secured Creditor Remedies, the First Priority Agent and the First Priority Creditors may enforce the provisions of the First Priority Loan Documents and Exercise Any Secured Creditor Remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion, subject to the terms of this Agreement.

• The data collected is to be used as the basis for creating the concrete strategy to ensure that customary practices, including in- formal systems for the settlement of disputes, are better integrated into the Lao legal system - or can be combined with it, so as to respect the cultural traditions of the various ethnic groups, but also in line with the general principles of a Rule of Law state.

• If, for any reason other than a default by the First Priority Creditors, the Second Priority Creditors fail to purchase and pay for the First Priority Obligations after the delivery of the Second Priority Purchase Notice, the Second Priority Creditors shall be liable to the First Priority Creditors for any losses or damages, including fees and disbursements to counsel, incurred by them by reason of such failure to purchase and pay.

• Except as expressly provided in this Agreement, nothing in this Agreement impairs or otherwise adversely affects any rights or remedies the First Priority Agent or the First Priority Creditors may have with respect to the First Priority Collateral.

• Any Pari Passu Collateral Accounts or proceeds received by the Collateral Agent, the First Priority Creditors or the Second Priority Creditors in connection with the exercise of any right or remedy (including set off) relating to the Pari Passu Collateral Accounts in contravention of this Agreement shall be segregated and held in trust and forthwith paid over and applied as set forth in Section 4.2.

More Definitions of First Priority Creditors

First Priority Creditors means the “Lenders” as defined in the First Priority Agreement, or any Persons that are designated under the First Priority Agreement as the “First Priority Creditors” for purposes of this Agreement and notice of which designation is given in writing to the Second Priority Representative promptly after such designation.

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

First Priority Creditors means the “Secured Creditors” as defined in the Existing First Priority Agreement, the “Lenders” as defined in each other First Priority Agreement or any Persons that are designated under the First Priority Agreement as the “First Priority Creditors” for purposes of this Agreement.

First Priority Creditors means the Secured Parties (as defined in the First Priority Debt Agreement).

First Priority Creditors means the holders of Indebtedness under the Credit Agreement and any other secured Indebtedness which was incurred in accordance with this Indenture and secured by a first priority Lien on the Collateral in accordance with Section 4.16.

First Priority Creditors means the "Lenders" as defined in the First Priority Agreement, or any Persons that are designated under the First Priority Agreement as the "First Priority Creditors" for purposes of this Agreement.

First Priority Creditors means (a) the parties identified as such in the introductory paragraph hereof, (b) each other “Lender” (as defined in the First Priority Documents), (c) any other holder of any of the First Priority Obligations, and (d) the successors and assigns of each of the foregoing.