Junior Lien Secured Parties definition

Junior Lien Secured Parties means the holders of Junior Lien Obligations and each Junior Lien Representative.

Junior Lien Secured Parties means the holders of any Junior Lien Obligations and any Authorized Representative with respect thereto.

Junior Lien Secured Parties means (i) the Secured Parties (as defined in the Prepetition Second Lien Notes Documents) and (ii) any Additional Junior Priority Secured Parties (as defined in the Junior Intercreditor Agreement).

Examples of Junior Lien Secured Parties in a sentence

• The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the First Lien Secured Parties on the one hand and the Junior Lien Secured Parties on the other hand.

• Each Grantor understands that the foregoing Intercreditor Agreement is for the sole benefit of the First Lien Secured Parties and the Junior Lien Secured Parties and their respective successors and assigns, and that such Grantor is not an intended beneficiary or third party beneficiary thereof except to the extent otherwise expressly provided therein.

• In the event of any express conflict between the terms of this Agreement and the terms of theCollateral Trust Agreement, the Collateral Trust Agreement shall control and govern, provided that this provision shall not be interpreted in any way to affect any rights expressly provided to the Junior Lien Secured Parties under this Agreement unless such rights are expressly prohibited or restricted under the Collateral Trust Agreement.

• Except as expressly set forth in Section 5.5 hereof, neither the First Lien Representative nor any First Lien Secured Party shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Collateral for the benefit of the Junior Lien Representative or any Junior Lien Secured Parties.

• If a proper proof of claim has not been filed in the form required in such Insolvency or Liquidation Proceeding at least ten (10) days prior to the expiration of the time for filing thereof, the First Lien Representative shall have the right (but not the duty) to file an appropriate claim for and on behalf of the Junior Lien Secured Parties with respect to any of the Junior Priority Obligations or any of the Collateral.

More Definitions of Junior Lien Secured Parties

Junior Lien Secured Parties means (i) a Junior Lien Collateral Agent and (ii) the holders from time to time of any Junior Lien Obligations and each Junior Lien Representative.

Junior Lien Secured Parties means the holders of Junior Lien Obligations and each Junior Lien Representative and the Junior Lien Collateral Trustee.

Junior Lien Secured Parties means the Initial Junior-Lien Secured Parties and, with respect to any series, issue or class of Junior-Lien Debt, the holders of such Indebtedness, the Authorized Representative and the Collateral Agent with respect thereto, any trustee or agent therefor under any related Junior-Lien Debt Documents and the beneficiaries of each indemnification obligation undertaken by the Company or any Grantor under any related Junior- Lien Debt Documents, in each case, solely in such party’s capacity as a holder of, or agent, trustee or similar representative for holders of, Junior-Lien Secured Debt.

Junior Lien Secured Parties has the meaning assigned to that term in the introduction to this Agreement.

Junior Lien Secured Parties means (i) holders of Existing Second Priority Notes (including the holders of any Additional Notes (as defined in the Existing Second Priority Notes Indentures) subsequently issued under and in compliance with the terms of the Existing Second Priority Notes Indentures), (ii) the Junior Lien Collateral Agent and (iii) the holders from time to time of any other Junior Lien Obligations and each Junior Lien Representative.

Junior Lien Secured Parties means (i) the Secured Parties (as defined in the Second Lien Notes Documents) and (ii) any Additional Junior Priority Secured Parties (as defined in the Junior Intercreditor Agreement).

Junior Lien Secured Parties. The lenders or debtholders (the “Junior Lien Lenders”) and the agent or trustee (the “Junior Lien Agent”) under the Junior Lien Debt Documents that are entitled to the benefit of a junior lien on the Collateral (collectively, the “Junior Lien Secured Parties”).