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.
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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
Junior Lien Lender means a Second Lien Lender or a New Convertible Notes Lender.
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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.

  • As between the Grantors and the Junior Lien Lender, the foregoing provisions will not limit or otherwise affect the obligations of the Grantors contained in any Junior Lien Debt Document with respect to the incurrence of additional Senior Lien Obligations.

  • This Agreement shall be binding upon the Senior Lien Representative, the Senior Lien Secured Parties, the Junior Lien Lender, the Grantors party hereto and their respective permitted successors and permitted assigns.

  • The Junior Lien Credit Agreement shall provide that each Junior Lien Lender shall be required to execute a writing, which may include the Junior Lien Credit Agreement, agreeing to be bound by the terms hereof, and providing that any assignment or transfer of any or all of the Junior Lien Indebtedness to any other Person without such other Person’s written agreement to be bound hereby shall be null and void.

  • By: Name: Title: Exhibit C Form of Intercreditor Agreement [See attached] INTERCREDITOR AGREEMENT Among WILMINGTON TRUST, NATIONAL ASSOCIATION, as Senior Lien Representative, NAVIOS SHIPMANAGEMENT HOLDINGS CORPORATION, as Junior Lien Lender, NAVIOS MARITIME HOLDINGS INC.

  • The Junior Lien Lender agrees that notice received two (2) calendar days prior to the entry of an order approving such usage of cash or other collateral or approving such financing shall be adequate notice.

  • Harvard may amend Schedule 2 from time to time to reflect any Permitted Asset Transfer, merger or liquidation effected in accordance with the terms of this Agreement and subject to the consent of the Junior Lien Lender.

  • Not less technical work has been drawn up in such as good idea of an arrangement might apply during pendency ofsuit they wish.

  • The Junior Lien Lender agrees that it will take such further action and shall execute and deliver such additional documents and instruments (in recordable form, if requested) as the Senior Lien Representative may reasonably request to effectuate the terms of, and the Lien priorities contemplated by, this Agreement.

  • If any Junior Lien Agent or any Junior Lien Lender violates any of the terms of this Agreement, in addition to any remedies in law, equity, or otherwise, First Lien Agent or First Lien Co-Agent may restrain such violation in any court of law and may, in its own or in any Obligor’s name, interpose this Agreement as a defense in any action by any Junior Lien Agent or any Junior Lien Lender.


More Definitions of Junior Lien Lender

Junior Lien Lender means any “Lender”, under and as defined in the Junior Lien Credit 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 granted by a security document to the Collateral Trustee, at any time, upon any Collateral to secure Junior Lien Obligations.

  • 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 or instrument pursuant to which Junior Lien Debt is incurred and the documents pursuant to which Junior Lien Obligations are granted.

  • 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 means the administrative agent and collateral agent under the Second Lien Term Loan Agreement, its successors, assigns, or any replacement agent appointed pursuant to the terms of the Second Lien Term Loan 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 each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Junior Lien Representative means in the case of any series of Junior Lien Indebtedness, the trustee, agent or representative of the holders of such series of Junior Lien Indebtedness who is appointed as a representative of the Junior Lien Indebtedness (for purposes related to the administration of security interests) pursuant to the applicable Junior Lien Document governing such series of Junior Lien Indebtedness, together with its successors and assigns in such capacity.

  • 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 First Lien Note Obligations and is subject to a Junior Lien 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).