First Priority Liens definition

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

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

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

Examples of First Priority Liens in a sentence

• All Liens purported to be created in any Collateral pursuant to any Collateral Document in favor of Collateral Agent are First Priority Liens.

• Subject to the terms of the Intercreditor Agreement, such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Collateral Agent and shall constitute valid, perfected and enforceable First Priority Liens subject only to Permitted Liens.

• Subject to the terms of the Intercreditor Agreement, the Mortgages or instruments related thereto shall be duly recorded or filed in such manner and in such places as are required by law to establish, perfect, preserve and protect the First Priority Liens in favor of the Collateral Agent required to be granted pursuant to the Mortgages and all taxes, fees and other charges payable in connection therewith shall be paid in full.

• Such Mortgages shall be granted pursuant to documentation reasonably satisfactory in form and substance to the Administrative Agent and the Collateral Agent and shall constitute valid and enforceable perfected First Priority Liens subject only to Permitted Collateral Liens or other Liens acceptable to the Collateral Agent.

• The Second Priority Representative, on behalf of itself and the other Second Priority Secured Parties, further agrees that, prior to the First Priority Obligations Payment Date, none of them shall assert or enforce any claim under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise that is senior to or on a parity with the First Priority Liens for costs or expenses of preserving or disposing of any Common Collateral.

More Definitions of First Priority Liens

First Priority Liens means the first priority Liens securing the First Lien Obligations.

First Priority Liens shall have the meaning assigned to such term in the Intercreditor Agreement.

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

First Priority Liens means the Liens securing the Note Obligations.

First Priority Liens means Liens securing the First Lien Obligations, which Liens are superior and prior in priority to the Liens securing the Junior Lien Obligations.

First Priority Liens means the Liens securing the Obligations of the Issuer in respect of the Securities and this Indenture.

First Priority Liens means any Liens created by the Company or any of the Guarantors on the Collateral securing any First Lien Indebtedness.