Indenture Lien definition
Examples of Indenture Lien in a sentence
Merchant may, with the consent of the Indenture Lien Holders, elect to receive, in lieu of proceeds net of expenses and Agent’s commission, a lump sum payment, on a per Store basis, in an amount to be agreed upon between Merchant, in consultation with the Indenture Lien Holders and Agent, in which case all costs and expenses associated with the disposition thereof shall be borne by Agent.
To the extent that the rights and benefits herein conferred on the Secured Holders or the Representative under any Note or Note Indentures shall be held to exceed the rights and benefits required so to be conferred by the Indenture Lien Restrictions of such Note Indentures, such rights and benefits shall be limited so as to provide to such Secured Holders and such Representative only those rights and benefits that are required by the Indenture Lien Restrictions of such Note Indentures.
Subject to the limitations provided in Section 8.2(a), the Owner Trustee, in its individual capacity, shall have a lien ("Owner Trustee Lien") on the Trust Assets for any indemnity due hereunder which lien shall be prior to all other liens other than the lien under the Indenture to secure the Notes (the "Indenture Lien").
To the extent this Agreement provides any rights or benefits to the Secured Holders and their respective Representatives under the Notes and Note Indentures, this Agreement is intended solely to comply with the Indenture Lien Restrictions of the Note Indentures to secure the unpaid Secured Obligations arising thereunder, equally and ratably with the Secured Obligations arising under the Credit Agreements.
No financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except such as have been filed (i) in favor of the Administrative Agent, for the ratable benefit of the Banks, pursuant to this Agreement or (ii) in connection with the Indenture Lien (if any).
Except for (a) the security interest granted to the Administrative Agent for the ratable benefit of the Banks pursuant to this Agreement and (b) the Indenture Lien (if any), the Company owns each item of the Collateral free and clear of any and all Liens or claims of others.
This Agreement is intended to comply with the Indenture Lien Restrictions and shall be construed to give effect to such intention.
Each Grantor owns its Collateral free and clear of any Lien, except for any security interest (a) created by this Security Agreement and (b) in the case of Collateral other than the Capital Stock of each Subsidiary pledged hereunder, that is a Permitted Lien or Indenture Lien.
No financing statement or other public notice with respect to all or any part of the Collateral is on file or of record in any public office, except such as have been filed (i) in favor of the Administrative Agent, for the ratable benefit of the Banks, pursuant to this Agreement, (ii) in the case of the Contract, in connection with the Indenture Lien (if any) or (iii) in the case of the PERC Rebates, any Lien permitted by Section 6.5(o) of the Credit Agreement.
Any and all rights not herein expressly given to the Note Holders and their respective Representatives are expressly reserved to the Credit Parties and their Representatives, it being understood that, in the absence of a requirement to provide equal and ratable security set forth in such Indenture Lien Restrictions, this Agreement would not have been accepted by the Credit Parties to the extent that it provides any rights or benefits to such Secured Holders and their respective Representatives.