Junior Priority Collateral Documents definition

Junior Priority Collateral Documents means the Original Second Lien Collateral Documents and any Additional Collateral Documents in respect of any Junior Priority Obligations.

Junior Priority Collateral Documents means the Initial Junior Lien Security Agreement and the other “Collateral Documents” as defined in the Initial Junior Lien Agreement and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Junior Priority Debt Obligation.

Junior Priority Collateral Documents means [the [ ]i Second Lien Collateral Documents and]vii any Additional Collateral Documents in respect of any Junior Priority Obligations.

Examples of Junior Priority Collateral Documents in a sentence

• Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the Senior Priority Collateral Documents and the Junior Priority Collateral Documents constitute separate and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Collateral, the Senior Priority Obligations are fundamentally different from the Junior Priority Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding.

• Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the Senior Priority Collateral Documents and the Junior Priority Collateral Documents constitute separate and distinct grants of Liens and (ii) the Senior Priority Obligations are fundamentally different from the Junior Priority Obligations and must be separately classified in any Plan of Reorganization proposed or adopted in an Insolvency Proceeding because of, among other things, their differing rights in the Collateral.

• This Agreement is the First/Second Lien Intercreditor Agreement referred to in the Original First Lien Credit Agreement, the Original Second Lien Credit Agreement, each Additional Credit Facility, the Senior Priority Collateral Documents, the Junior Priority Collateral Documents and the Additional Collateral Documents.

• The Borrower agrees to deliver to the Designated Senior Representative copies of (i) any amendments, supplements or other modifications to the Junior Priority Collateral Documents and (ii) any new Junior Priority Collateral Documents promptly after effectiveness thereof.

• The Junior Lien Collateral Trustee and Junior Priority Parties shall be senior secured creditors in respect of the Other Collateral and may exercise any rights and remedies as secured or unsecured creditors they may have against the Borrower and any other Grantor in respect of the Other Collateral in accordance with the terms of the Junior Priority Debt Documents, the Junior Priority Collateral Documents, the Collateral Trust Agreement and applicable law.

More Definitions of Junior Priority Collateral Documents

Junior Priority Collateral Documents means the Junior-Priority Collateral Agreement, the Senior-Junior Intercreditor Agreement, the Junior-Priority Lien Pari Passu Intercreditor Agreement, dated as of June 22, 2018, by and among the Junior-Priority Collateral Agent, Regions Bank, in its capacity as trustee for each series of Existing Junior-Priority Secured Notes and each additional authorized representative from time to time party thereto, the intellectual property security agreements, the mortgages and each other agreement, instrument or other document entered into in favor of the Junior-Priority Collateral Agent or any of the other Junior-Priority Secured Parties for purposes of securing the Junior-Priority Obligations (including the guarantees thereof), as the same may be amended, restated, supplemented or otherwise modified from time to time.

Junior Priority Collateral Documents means the Junior Lien Security Agreement and the other “[Security Documents]” as defined in the Junior Lien Credit Agreement, the Junior Lien Pari Passu Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrower or any other Grantor for purposes of providing collateral security for any Junior Priority Debt Obligation, in each case, as may be amended, restated, amended and restated, modified, supplemented or replaced from time to time in accordance with the terms of this Agreement.

Junior Priority Collateral Documents means the Notes Collateral Documents and the Pari Passu Debt Obligation Collateral Documents.

Junior Priority Collateral Documents means the Collateral Trust Agreement and any security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, collateral agency agreements, control agreements or other grants or transfers for security executed and delivered by the Borrower or any other Grantor creating or perfecting (or purporting to create or perfect) a Lien upon Collateral in favor of the Junior Lien Collateral Trustee, for the benefit of any Junior Priority Party, in each case, as may be amended, restated, amended and restated, supplemented, replaced and/or otherwise modified from time to time.

Junior Priority Collateral Documents means the “Security Documents” as defined in the Junior Lien [________] and each of the collateral agreements, security agreements and other instruments and documents executed and delivered by the Borrowers or any Grantor for purposes of providing collateral security for any Junior Priority Debt Obligation.

Junior Priority Collateral Documents as defined in the Base Intercreditor Agreement.

Junior Priority Collateral Documents means the Junior Lien Security Documents and the other “Collateral Documents” as defined in the Junior Lien Agreement.