Junior Security Documents definition

Junior Security Documents means with respect to any Junior Secured Party, the Security Documents that secure the Junior Obligations.

Junior Security Documents means those documents pursuant to which any of the Borrowers shall xxxxx x Xxxx on any of the Junior Collateral in favor of Lender, including without limitation the Borrower Junior Security Agreements, the Holdings Junior Security Agreement, the Company Junior Trademark Security Agreement, the Holdings Junior Pledge Agreement, the Borrower Junior Pledge Agreements, the Subsidiary Junior Security Agreements, the Junior Collateral Assignment of Acquisition Agreement, and the Junior Collateral Access Agreements.

Junior Security Documents means the documents referred to in Schedule 2.

Examples of Junior Security Documents in a sentence

• On the terms and subject to the conditions contained in this Deed, the Senior Mortgagees consent to the execution and, where appropriate, registration of the Junior Security Documents substantially in the form of the drafts set out in the annexes hereto.

• Promptly following payment to the Second Mortgagee of the full amount of the Junior Indebtedness the Second Mortgagee will do whatever is necessary to discharge the Junior Security Documents and to release the Owner from any further obligations under or pursuant to the Junior Security Documents.

• Where any act requires the consent or approval of the First Mortgagee under the terms of any of the Senior Security Documents and the same or a similar act requires the consent or approval of the Second Mortgagee under any of the Junior Security Documents, the consent or approval of the First Mortgagee shall be deemed also to constitute the consent or approval of the Second Mortgagee.

• Promptly following payment to the Fourth Mortgagee of the full amount of the Junior Indebtedness the Fourth Mortgagee will do whatever is necessary to discharge the Junior Security Documents and to release the Owner from any further obligations under or pursuant to the Junior Security Documents.

• Where any act requires the consent or approval of the Senior Mortgagees under the terms of any of the Senior Security Documents and the same or a similar act requires the consent or approval of the Fourth Mortgagee under any of the Junior Security Documents, the consent or approval of the Senior Mortgagees shall be deemed also to constitute the consent or approval of the Fourth Mortgagee.

More Definitions of Junior Security Documents

Junior Security Documents means the documents referred to in Schedule 4 and annexed hereto.

Junior Security Documents means (a) with respect to any ABL First Lien Collateral, the Noteholder Security Documents, and (b) with respect to the Noteholder First Lien Collateral, the ABL Security Documents with respect to ABL Obligations secured by Junior Liens on such Collateral, if any.

Junior Security Documents any document under which Security is created whether at the date of this Deed or any later date securing any Liability of the Borrower to the Junior Lender including but not limited to the security documents referred to in Part 2 of the Schedule. Lenders: the Senior Lenders and the Junior Lender together, and Lender means any of the Lenders.

Junior Security Documents any document under which Security is created whether at the date of this Deed or any later date securing any Liability of the Borrower to the Junior Lender including but not limited to the security documents referred to in Part 2 of the Schedule. Liabilities: all present or future monies, obligations or liabilities, whether actual or contingent and whether owed jointly or severally, as principal or surety and/or in any other capacity.

Junior Security Documents means such second priority and third party security documents over or relating to the Ship as the Agent may permit the Borrower to execute in favour of the Builder as security for its obligations under the Building Contract pursuant to the Co-ordination Agreement. Last Availability Date means 31 July 2010 (or such later date as may be approved by the Lenders).

Junior Security Documents means the collective reference to the security documents delivered to the Junior Agents in connection with the Junior Credit Agreement granting a Lien on any asset or assets of any Person to secure the obligations and liabilities of the Borrower under the Junior Credit Agreement.

Junior Security Documents means the Second Equipment Charge, the Second Mortgages, the Second Security Agreements, the Second Xxxx Xxxxxxxxx Qualifying Contract Cash Deposit Account Pledge Agreement and the Second Share Pledge Agreements.