First Priority Indenture Trustee definition

First Priority Indenture Trustee is defined in the Recitals hereto.
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First Priority Indenture Trustee means the party named as such in the preamble to the First Priority Indenture and any permitted successor thereto.
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First Priority Indenture Trustee means the party named as such in the preamble to this First Priority Indenture and any permitted successor thereto.
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Examples of First Priority Indenture Trustee in a sentence

  • First Priority Indenture” means the Indenture dated as ofNovember 30, 2006, by and among the Satmex, the First Priority Guarantors and the First Priority Indenture Trustee, as amended, supplemented or otherwise modified from time to time.

  • Upon delivery by the Reorganized Debtors of the Distributions in conformity with Section 3.02 of the Plan to the First Priority Indenture Trustee, the Reorganized Debtors shall be released of all liability with respect to the delivery of such distributions.

  • The First Priority Indenture Trustee shall not be required to give any bond, surety or other security for the performance of its duties with respect to its administration of distributions.

  • First Priority Collateral Trust Agreement” means that certaincollateral trust agreement dated November 30, 2006, between Satmex, each of the First Priority Guarantors (defined therein), HSBC Bank USA, National Association in its capacity as First Priority Collateral Trustee, and US Bank, National Association, in its capacity as the First Priority Indenture Trustee.

  • The First Priority Indenture Trustee shall have received an amount sufficient to make the Distributions under the Plan required to be made to the Holders of First Priority Note Claims pursuant to Sections 3.03 and 7.03(c) of the Plan.

  • The proceeds of the New Satmex Notes Offering will be released from the New Satmex Notes Offering Escrow Account (or, if applicable, amounts under the Bridge Facility will be made available to the Debtors) and will be used to make Distributions to the First Priority Indenture Trustee.

  • The First Priority Indenture Trustee shall be the Disbursing Agent for the Allowed First Priority Note Claims.

  • Intercreditor Agreement” means the Intercreditor Agreement datedNovember 30, 2006, among the Company, the First Priority Collateral Trustee, the First Priority Indenture Trustee, the Second Priority Collateral Trustee, and the Second Priority Indenture Trustee.

  • The Debtors or Reorganized Debtors may not waive (i) the condition set forth in section 9.02(h) without the prior consent of the Supporting Second Priority Noteholders, the First Priority Indenture Trustee and the Ad Hoc Committee of First Priority Noteholders, and (ii) the conditions set forth in Section 9.02(e) without the prior consent of the Series B Directors.

  • Distributions under the Plan to Holders of such Allowed First Priority Note Claims shall be made by the Reorganized Debtors to the First Priority Indenture Trustee, which in turn, shall make distributions to the Holders of such Allowed Claims.


More Definitions of First Priority Indenture Trustee

First Priority Indenture Trustee means HSBC Bank USA, National Association, as trustee for First Priority Securities and any permitted successor thereto.
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First Priority Indenture Trustee has the meaning assigned to that term in the Recitals to this Agreement.
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First Priority Indenture Trustee means US Bank, National
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Related to First Priority Indenture Trustee

  • First Priority Documents means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee.

  • Collateral Trustee has the meaning set forth in the preamble.

  • First Priority Liens means all Liens that secure the First Priority Lien Obligations.

  • Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

  • Second Priority Liens means all Liens on the Second Priority Collateral securing the Second Priority Claims, whether created under the Second Priority Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.

  • Indenture Trust Estate means all money, instruments, rights and other property that are subject or intended to be subject to the lien and security interest of the Indenture for the benefit of the Noteholders (including all Collateral Granted to the Indenture Trustee), including all proceeds thereof.

  • First Priority Lien means any Lien created by the First Priority Security Documents.

  • Indenture Trustee Fee means a fee that is separately agreed to between the Master Servicer and the Indenture Trustee.

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

  • Second Priority Collateral Documents means the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second Priority Claims or under which rights or remedies with respect to such Liens are at any time governed.

  • indenture trustee or “institutional trustee” means the Trustee.

  • Second Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.

  • Equal Priority Intercreditor Agreement means the Equal Priority Intercreditor Agreement substantially in the form of Exhibit G-1 among (x) the Collateral Agent and (y) one or more representatives of the holders of one or more classes of Permitted Additional Debt and/or Permitted Equal Priority Refinancing Debt, with any immaterial changes and material changes thereto in light of the prevailing market conditions, which material changes shall be posted to the Lenders not less than five Business Days before execution thereof and, if the Required Lenders shall not have objected to such changes within five Business Days after posting, then the Required Lenders shall be deemed to have agreed that the Administrative Agent’s and/or Collateral Agent’s entry into such intercreditor agreement (with such changes) is reasonable and to have consented to such intercreditor agreement (with such changes) and to the Administrative Agent’s and/or Collateral Agent’s execution thereof.

  • Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.

  • Second Priority Lien means the Liens on the Second Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents.

  • Collateral Agency and Intercreditor Agreement means that certain Collateral Agency and Intercreditor Agreement, dated as of January 31, 2008 (as amended, amended and restated, supplemented or otherwise modified from time to time in compliance with the terms of this Indenture), by and among the Company, the other guarantors from time to time party thereto, the secured debt representatives and the Collateral Agent.

  • Lowest Priority As of any date of determination, the Class of Subordinate Certificates then outstanding with the latest priority for payments pursuant to Section 4.02(a), in the following order: Class B-3, Class B-2, Class B-1, Class M-3, Class M-2 and Class M-1 Certificates.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • First Priority means, with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that such Lien is the only Lien to which such Collateral is subject, other than any Permitted Lien.

  • Collateral Documents means, collectively, the Security Agreement, each of the Mortgages, collateral assignments, security agreements, pledge agreements, intellectual property security agreements or other similar agreements delivered to the Administrative Agent and the Lenders pursuant to Section 6.11 or Section 6.13, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties.

  • First Priority Lien Obligations means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuer and its Restricted Subsidiaries under the agreements governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuer or any of its Restricted Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services, in each case owing to a Person that is a holder of Indebtedness described in clause (i) or Obligations described in clause (ii) or an Affiliate of such holder at the time of entry into such Hedging Obligations or Obligations in respect of cash management services.

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

  • Permitted Priority Liens means (i) Liens permitted under Section 9.02(c), (d), (e), (f), (g), and (j), and (ii) Liens permitted under Section 9.02(b) provided that such Liens are also of the type described in Section 9.02(c), (d), (e), (f), (g), and (j).

  • Secured Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.

  • First Priority Obligations means (a) with respect to the Existing First Priority Agreement, all “Obligations” of each Loan Party as defined in the Existing First Priority Agreement and (b) with respect to each other First Priority Agreement, all “Obligations” of each Loan Party as defined in such First Priority Agreement, and shall in any event include (i) all principal of and interest (including without limitation any Post-Petition Interest) and premium (if any) on all loans made or other indebtedness issued or incurred pursuant to such First Priority Agreement, (ii) all reimbursement obligations (if any) and interest thereon (including without limitation any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to such First Priority Agreement, (iii) all Specified Swap Agreements, (iv) all Specified Cash Management Agreements and (v) all guarantee obligations, fees, expenses and other amounts payable from time to time pursuant to the applicable First Priority Documents, in each case whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred.

  • Second Priority Debt Documents means the Initial Second Priority Debt Documents and, with respect to any series, issue or class of Second Priority Debt, the promissory notes, indentures, Collateral Documents or other operative agreements evidencing or governing such Indebtedness, including the Second Priority Collateral Documents.