Junior Lien Obligations definition

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

Junior Lien Obligations means the Obligations with respect to Indebtedness permitted to be incurred under this Indenture which by its terms is or will be secured on a basis junior to the Liens securing the Notes pursuant to an intercreditor agreement; provided such Liens are permitted to be incurred under this Indenture.

Junior Lien Obligations means the Obligations with respect to other Indebtedness permitted to be Incurred under this Indenture, which is by its terms intended to be secured by the Collateral on a basis junior to the Notes; provided such Lien is permitted to be Incurred under this Indenture.

Examples of Junior Lien Obligations in a sentence

• Other than Parity Bonds, Parity Payment Agreements, Parity Lien Obligations, Parity Lien Obligation Payment Agreements and reimbursement obligations related to any of the foregoing, the Ordinance does not permit the issuance of Indebtedness secured by a pledge of the Revenue of the System that ranks senior to the Lien on the Revenue of the System securing the payment of the principal of and interest on the Bonds and other Junior Lien Obligations.

• The Bonds and the other Junior Lien Obligations are on a parity as to priority of payment and security as provided in Section 10 of Ordinance 18141.

• To the extent permitted by law, the County shall not grant the remedy of acceleration to any person holding any Parity Bonds, Parity Lien Obligations or Junior Lien Obligations upon the occurrence of an event of default with respect to such debt unless the County shall grant the Purchaser the right to accelerate amounts owed hereunder and pursuant to the Bonds upon the occurrence of an Event of Default.

More Definitions of Junior Lien Obligations

Junior Lien Obligations means any Additional Bonds or Additional Obligations payable from, and secured by a lien on the Revenues, which lien is junior to that of any Parity Bonds, but senior to that of the Subordinate Lien Bonds.

Junior Lien Obligations means Junior Lien Debt and all other principal (including reimbursement obligations and obligations to provide cash collateral with respect to letters of credit whether or not drawn), interest (including, to the extent legally permitted, all interest accrued thereon after the commencement of any insolvency or liquidation proceeding at the rate, including any applicable post-default rate even if such interest is not enforceable, allowable or allowed as a claim in such proceeding), premium (if any), fees, indemnifications, reimbursements, expenses, and other liabilities in respect thereof.

Junior Lien Obligations means any obligations secured by Xxxxxx Xxxxx.

Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof, together with Hedging Obligations that are secured, or intended to be secured, under the Junior Lien Documents if the provider of such Hedging Obligations has agreed to be bound by the terms of the Collateral Trust Agreement as a holder of Junior Lien Obligations or such provider’s interest in the Collateral is subject to the terms of the Collateral Trust Agreement as a holder of Junior Lien Obligations and if such Hedging Obligations are permitted to be incurred and so secured under each applicable Secured Debt Document.

Junior Lien Obligations means any Series of Indebtedness secured by Collateral on a second priority basis pursuant to the relevant security documents.

Junior Lien Obligations means any Obligations that are secured by a Lien that is junior in priority to the Liens securing the Notes Obligations and is subject to a customary (as reasonably determined by the Issuer as set forth in an Officers’ Certificate delivered to the Trustee and the Collateral Agent) junior priority intercreditor agreement among the Credit Agreement Administrative Agent, the Credit Agreement Collateral Agent, the Trustee, the Collateral Agent, the authorized agents of any holders of Future First Lien Obligations, and the authorized agent for any holders of Junior Lien Obligations (such intercreditor agreement, a “Junior Lien Intercreditor Agreement”).

Junior Lien Obligations means the Obligations with respect to Indebtedness permitted to be incurred under this Indenture, which is by its terms intended to be secured by the Collateral with a Junior Lien Priority relative to the Notes; provided such Lien is permitted to be incurred under this Indenture; provided, further, that the holders of such Indebtedness or their Junior Lien Representative shall become party to the Junior Lien Intercreditor Agreement and any other applicable intercreditor agreements.