Junior Secured Obligations Collateral definition

Junior Secured Obligations Collateral means the Collateral in respect of which the Junior Representative (on behalf of itself and the Junior Secured Obligations Secured Parties) holds a Junior Lien.
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Junior Secured Obligations Collateral means the Collateral in respect of which any Junior Representative (on behalf of itself and the applicable Junior Secured Obligations Secured Parties) holds a Junior Lien.
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Junior Secured Obligations Collateral means, (a) with respect to the ABL Obligations, the Non-ABL Priority Collateral, and (b) with respect to the Non-ABL Obligations, the ABL Priority Collateral.
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Examples of Junior Secured Obligations Collateral in a sentence

  • The Junior Representative agrees to execute and deliver (at the sole cost and expense of the Grantors) all subordination agreements and other instruments as shall be reasonably requested by the Senior Representative to confirm and evidence any subordination of Junior Secured Obligations Collateral provided for in this Section 2.01(a).

  • No Action With Respect to Junior Secured Obligations Collateral Subject to Senior Liens 7 SECTION 2.03.

  • So long as the Discharge of Senior Secured Obligations has not occurred, without the prior written consent of the Applicable Senior Representative, no Junior Secured Obligations Collateral Document may be amended, supplemented or otherwise modified or entered into to the extent that any provisions therein as so amended, supplemented or modified, or the terms of any new Junior Secured Obligations Collateral Document, would be prohibited by any of the terms of this Agreement.

  • Each Junior Representative and each Junior Collateral Agent agrees to execute and deliver (at the sole cost and expense of the applicable Grantors) all such authorizations and other instruments as shall reasonably be requested by the applicable Senior Representative or the Applicable Senior Collateral Agent to evidence and confirm any release of Junior Secured Obligations Collateral provided for in this Section.