Examples of Non-Controlling Secured Parties in a sentence

Each Non-Controlling Collateral Agent, on behalf of itself and the applicable Non-Controlling Secured Parties for which it acts as Collateral Agent, agrees not to object to, and shall not support any person in objecting to, any credit bid of the First Lien Obligations by the Controlling Collateral Agent on behalf of the Controlling Secured Parties, in accordance with Section 363(k) of the Bankruptcy Code or any comparable provision of any other Bankruptcy Law.

More Definitions of Non-Controlling Secured Parties

Non-Controlling Secured Parties means the First Lien Secured Parties which are not Controlling Secured Parties.

Non-Controlling Secured Parties means, (i) with respect to any Common Pari Passu Collateral, the Pari Passu Secured Parties which are not Controlling Secured Parties with respect to such Common Pari Passu Collateral and (ii) with respect to any Common Subordinated Lien Collateral, the Subordinated Lien Secured Parties which are not Controlling Secured Parties with respect to such Common Subordinated Lien Collateral.

Non-Controlling Secured Parties means the Senior Secured Parties which are not Controlling Secured Parties.

Non-Controlling Secured Parties means, at any time with respect to any Shared Collateral, the First Lien Secured Parties which are not Controlling Secured Parties at such time with respect to such Shared Collateral.

Non-Controlling Secured Parties means, at any time, any Secured Party represented by an Authorized Representative that is not the Applicable Authorized Representative at such time.

Non-Controlling Secured Parties means, with respect to any Shared Collateral, the Pari Debt Secured Parties which are not Controlling Secured Parties with respect to such Shared Collateral, it being understood for the avoidance of doubt that at any time clause (i) of the definition of the Applicable Collateral Agent is in effect, none of the Credit Agreement Secured Parties shall be Non-Controlling Secured Parties.