First Priority Guarantees definition

First Priority Guarantees means any and all guarantees of the First Priority Obligations and documents reflecting Guarantee Obligations regarding the First Priority Obligations, but not including the First Priority Indenture, as the same may be amended, supplemented, or otherwise modified from time to time.

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First Priority Guarantees has the meaning assigned to that term in the Recitals to this Agreement.

First Priority Guarantees the collective reference to the Initial Guarantees and the Additional Guarantees.

Examples of First Priority Guarantees in a sentence

Satmex agrees to pay or to reimburse the Collateral Trustee for any and all payments made by the Collateral Trustee in respect of all search, filing, recording and registration fees, taxes, excise taxes and other similar imposts which may be payable or determined to be payable in respect of the execution and delivery, performance, or enforcement of this Trust Agreement, the First Priority Guarantees and the First Priority Security Documents.
The rights, remedies, powers, and privileges in the First Priority Guarantees and under this First Priority Indenture, the First Priority Securities, each other First Priority Document, and any other document or instrument between a First Priority Guarantor and the Company or between a First Priority Guarantor and the First Priority Indenture Trustee are cumulative and not exclusive of any rights, remedies, powers, and privilege provided by law.
By accepting the benefits of this Trust Agreement, the First Priority Security Documents and the First Priority Guarantees, each Secured Party and the Indenture Trustee agrees to act in accordance with this Trust Agreement and not take any action inconsistent herewith.
If and so long as an Enforcement Period is in effect, the Collateral Trustee shall, subject to the provisions of subsection 3.5(b), exercise the rights and powers vested in it by this Trust Agreement, the First Priority Guarantees and the First Priority Security Documents, and shall not be liable with respect to any action taken by it, or omitted to be taken by it, in accordance with the direction of the Requisite First Priority Holders.
The Collateral Trustee shall have the right at any time to seek instructions concerning the administration of this Trust Agreement, the First Priority Guarantees and the First Priority Security Documents from any court of competent jurisdiction.
The Collateral Trustee shall also deliver a notice to the Indenture Trustee regarding the taking of any enforcement action or the exercise of any remedies by the Collateral Trustee with respect to the First Priority Security Documents, the First Priority Collateral or the First Priority Guarantees, which notice shall be delivered promptly after the occurrence of any such event.

More Definitions of First Priority Guarantees

First Priority Guarantees means the guarantees of the First Priority Notes.

First Priority Guarantees shall have the meaning ascribed to it in the preamble.