Junior Lien Lender definition

Junior Lien Lender means Hilco Capital LP, in its capacity as lender under the Junior Financing Agreement and, where relevant in the context, in its capacity as party to the other Junior Lien Financing Documents.
Sample 1
Junior Lien Lender means any “Lender”, under and as defined in the Junior Lien Credit Agreement.
Sample 1
Junior Lien Lender means a Second Lien Lender or a New Convertible Notes Lender.
Sample 1

Examples of Junior Lien Lender in a sentence

  • Junior Lien Affiliate — with respect to any Junior Lien Lender or the Junior Lien Agent, another Person who directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such Junior Lien Lender or the Junior Lien Agent, as the case may be.

  • The Senior Lien Representative is hereby authorized to make any such endorsements as agent for the Junior Lien Lender.

  • The Junior Lien Lender acknowledges and agrees that neither the Senior Lien Representative nor any other Senior Lien Secured Party has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectability or enforceability of any of the Senior Lien Debt Documents, the ownership of any Shared Collateral or the perfection or priority of any Liens thereon.

  • Each Junior Lien Agent agrees that neither it nor any Junior Lien Lender for which it is agent shall obtain a Lien on any asset or Collateral to secure all or any portion of the Junior Lien Indebtedness unless concurrently therewith, the First Lien Agent (on behalf of itself, the First Lien Co-Agent and the First Lien Lenders) obtains a Lien on such asset or Collateral and the parties hereby agree that all such Liens are and will be subject to this Agreement.

  • Until the Discharge of Senior Lien Obligations has occurred, the Junior Lien Lender agrees that it will not assert or enforce any claim under Section 506(c) of the Bankruptcy Code or any similar provision of any other Bankruptcy Law senior to or on a parity with the Liens securing the Senior Lien Obligations for costs or expenses of preserving or disposing of any Shared Collateral.

  • The Junior Lien Lender shall not be entitled to request or receive adequate protection except to the extent expressly set forth in this Section 6.03.

  • Consideration is needed to determine whether the population can be recovered at this site through natural regeneration and stock prevention.This will be investigated in 2006 and further surveys will be carried out to determine if other populations occur in the District.

  • In the event the Junior Lien Lender becomes a judgment lien creditor in respect of Shared Collateral as a result of its enforcement of its rights as an unsecured creditor in respect of Junior Lien Obligations, such judgment lien shall be subordinated to the Liens securing Senior Lien Obligations on the same basis as the other Liens securing the Junior Lien Obligations are so subordinated to such Liens securing Senior Lien Obligations under this Agreement.

  • Except as otherwise provided herein, the Junior Lien Lender assents to any such extension or postponement of the time of payment of the Senior Lien Obligations or any part thereof and to any other indulgence with respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the Senior Lien Obligations and to the addition or release of any other Person primarily or secondarily liable therefor.

  • Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit the Senior Lien Representative or any other Senior Lien Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by the Junior Lien Lender, including the seeking by the Junior Lien Lender of adequate protection or the assertion by the Junior Lien Lender of any of its rights and remedies under the Junior Lien Debt Documents or otherwise.


More Definitions of Junior Lien Lender

Junior Lien Lender has the meaning assigned to such term in the introductory paragraph of this Agreement and shall include any successor lender as provided in [Section] [Article] [•] of the Junior Lien Debt Agreement.
Sample 1

Related to Junior Lien Lender

  • Junior Lien Debt means Indebtedness incurred by a Covenant Entity that is secured by a Lien that is junior to the Lien on the Collateral securing the Obligations.

  • Junior Lien Indebtedness means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Junior Lien means a Lien, junior to the Liens on the Collateral securing the Secured Obligations as provided in the Collateral Agency and Intercreditor Agreement, granted by the Company or any Guarantor in favor of holders of Junior Lien Debt (or any Junior Lien Representative in connection therewith), at any time, upon any property of the Company or any Guarantor to secure Junior Lien Obligations; provided such Lien is permitted to be incurred under this Indenture.

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Junior Lien Documents means, collectively any indenture, credit agreement or other agreement governing each Series of Junior Lien Debt and the security documents related thereto.

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Subordinated Lender means each Seller, in its capacity as subordinated lender pursuant to the relevant Subordinated Loan Agreement.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • Second Lien Agent has the meaning set forth in the Intercreditor Agreement.

  • ABL Lender means any lender or holder or agent or arranger of Indebtedness under the ABL Credit Agreement.

  • Junior Liens means Liens on the Collateral that are junior to the Liens thereon securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans) pursuant to a Permitted Junior Intercreditor Agreement (it being understood that Junior Liens are not required to be pari passu with other Junior Liens, and that Indebtedness secured by Junior Liens may have Liens that are senior in priority to, or pari passu with, or junior in priority to, other Liens constituting Junior Liens).

  • Second Lien Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • DIP Lender means a lender under the DIP Facility.

  • Senior Lender means each holder of a Senior Note.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Junior Loan has the meaning provided in the Recitals hereto.

  • First Lien Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

  • Subordinated Lenders means the holders of Subordinated Debt.

  • Junior Lien Representative means any duly Authorized Representative of any holders of Junior Lien Obligations, which representative is party to the applicable security documents.

  • Junior Lien Priority means Indebtedness that is secured by a Lien on the Collateral that is junior in priority to the Liens on the Collateral securing the Obligations under the Notes and is subject to an intercreditor agreement (it being understood that junior Liens are not required to rank equally and ratably with other junior Liens, and that Indebtedness secured by junior Liens may be secured by Liens that are senior in priority to, or rank equally and ratably with, or junior in priority to, other Liens constituting junior Liens).