Pari Passu Lien means a Lien granted to the Pari Passu Collateral Agent (or any other holder, or representative of holders, of Pari Passu Indebtedness), at any time, upon any assets of the Company or any Guarantor to secure the Pari Passu Obligations.
Pari Passu Lien means a Lien on the Collateral that is pari passu with the Liens on the Collateral securing the Note Obligations.
Pari Passu Lien means a Lien granted, or purported to be granted, by a Pari Passu Lien Security Document to the Collateral Agent, at any time, upon any property of the Issuer or any other Grantor to secure Pari Passu Lien Obligations.
Examples of Pari Passu Lien in a sentence
Incremental Facilities (i) may rank either pari passu or junior in right of payment with the Term Loans and the Revolving Commitments and (ii) may either be unsecured or secured by a Permitted Lien (including Pari Passu Lien Debt, secured by Liens that secure any of the Facilities on a pari passu basis, or Junior Lien Debt, secured by Liens that secure any of the Facilities on a junior basis).
More Definitions of Pari Passu Lien
Pari Passu Lien means any Lien on the Common Collateral.
Pari Passu Lien means a Lien granted (or purported to be granted) by the Company or any Subsidiary Guarantor in favor of the Collateral Agent, at any time, upon any assets or property of the Company or any Subsidiary Guarantor to secure any Pari Passu Obligations.
Pari Passu Lien means the Lien in favor of the Collateral Trustee (for the benefit of the holders of Pari Passu Lien Obligations) securing Pari Passu Lien Obligations pursuant to the Collateral Trust Agreement.
Pari Passu Lien means any Lien granted or purported to be granted to the Collateral Agent or any other Pari Passu Lien Representative to secure any Pari Passu Lien Obligations.
Pari Passu Lien means a Lien granted, or purported to be granted, pursuant to a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any Subsidiary Guarantor to secure Pari Passu Lien Obligations.
Pari Passu Lien means a Lien granted (a) by a 2003 Collateral Document to the 2003 Credit Agent or (b) by a 2009 Collateral Document to the 2009 Credit Agent.