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 shall have the meaning assigned to such term in the preliminary statement of this Agreement.
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 creditors entitled to benefit from the First Priority Collateral under the First Priority Agreement.

Examples of First Priority Creditors in a sentence

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  • 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.

  • 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.

  • 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, 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 has the meaning assigned to that term in the Secondary Intercreditor Agreement.
First Priority Creditors means the Secured Parties (as defined in the First Priority Debt Agreement).
First Priority Creditors means the holders of First Priority Indebtedness.
First Priority Creditors means the creditors under the New Senior Revolving Credit Facility and this Indenture.
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, collectively, the “Bank Products Providers”, the “Banks”, and the “Secured Hedge Providers”, as each such term is defined in the PEL Credit Agreement.