First Priority Secured Parties definition

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.

First Priority Secured Parties means (a) the Credit Agreement Secured Parties and (b) the Other First-Priority Secured Parties, including the First-Priority Representatives.

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

Examples of First Priority Secured Parties in a sentence

• With respect to each Type of Collateral, the First Priority Representative, on behalf of itself and the other First Priority Secured Parties, hereby agree that each Secured Party assumes responsibility for keeping itself informed of the financial condition of the relevant Grantors and all other circumstances bearing upon the risk of nonpayment of the First Priority Obligations.

• This is a continuing agreement and the First Priority Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Grantor on the faith hereof.

• This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties hereto and its respective successors and assigns and shall inure to the benefit of and bind each of First Priority Secured Parties and the other Secured Parties.

• Until the First Priority Obligations Payment Date, no Representative nor any Secured Party (other than the First Priority Representative and the First Priority Secured Parties) shall seek to exercise any rights under Section 1111(b) of the Bankruptcy Code or any similar provision under any Debtor Relief Law.

• All rights of First Priority Secured Parties to exercise any rights under Section 1111(b) of the Bankruptcy Code or any similar provision of any other Debtor Relief Law, if any, are reserved and unaltered by this Agreement.

More Definitions of First Priority Secured Parties

First Priority Secured Parties means (a) the Credit Agreement Secured Parties and (ii) the Other First-Priority Secured Parties with respect to each Series of Other First-Priority Obligations.

First Priority Secured Parties means the persons holding any First-Priority Obligations, including the First-Priority Collateral Agent.

First Priority Secured Parties means the First Lien Credit Agreement Secured Parties and any Additional First Priority Secured Parties.

First Priority Secured Parties means the Persons holding any First-Priority Obligations, including the First-Priority Collateral Agent.

First Priority Secured Parties means, at any time, (a) the First Priority Creditors, (b) the First Priority Agent, (d) the Issuing Bank, (e) each other Person to whom any of the First Priority Claims is owed (including any Affiliate of a First Priority Creditor to whom any First Priority Claims of the type described in clause (b) or (c) of the definition thereof is owed) and (f) the successors and assigns of each of the foregoing.

First Priority Secured Parties means, with respect to (a) any ABL Priority Collateral, the ABL Secured Parties and (b) any Term Loan/Notes Priority Collateral, the Term Loan/Notes Secured Parties.

First Priority Secured Parties shall have the meaning set forth in the Intercreditor Agreement.