Parity Lien definition

Parity Lien means a Lien granted by a security document to the Collateral Trustee, at any time, upon any Collateral to secure Parity Lien Obligations.
Parity Lien means a Lien granted by the Company or any Subsidiary Guarantor in favor of the Collateral Trustee, at any time, upon any property of the Company or any Subsidiary Guarantor to secure the Parity Lien Obligations.
Parity Lien means a Lien granted to the Collateral Agent or other Parity Lien Representative under any Parity Lien Indebtedness for the benefit of the holders thereof, at any time, upon the Collateral to secure Parity Lien Obligations.

Examples of Parity Lien in a sentence

  • Any Asset Sale Offer will be made in accordance with the procedures set forth in this Indenture and the agreements governing such Parity Lien Indebtedness and pari passu Indebtedness.


More Definitions of Parity Lien

Parity Lien means a Lien granted under a Collateral Document to the Collateral Agent, at any time, upon any property of any Guarantor providing security to secure Parity Lien Obligations.
Parity Lien means a Lien granted by an Issuer or any Guarantor in favor of the Collateral Trustee pursuant to a Security Document, at any time, upon any property of any Issuer or any Guarantor to secure Parity Lien Obligations.
Parity Lien means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any Guarantor to secure Parity Lien Obligations.
Parity Lien means a Lien granted by a Collateral Document to the Collateral Agent upon any property of the Company or any other Obligor to secure Parity Lien Obligations.
Parity Lien means any pledge, lien, security interest, encumbrance or charge of any kind on
Parity Lien means a Lien granted by the Company or any Guarantor in favor of the Collateral Agent pursuant to a Security Document, at any time, upon any property of the Company or any Guarantor to secure Parity Lien Obligations.
Parity Lien means a Lien granted under or pursuant to a Parity Lien Document, at any time, upon any property of the Company or any Guarantor to secure Parity Lien Obligations.