Parity Lien Secured Parties definition

Parity Lien Secured Parties means the holders of Parity Lien Obligations and any Parity Debt Representatives.

Parity Lien Secured Parties has the meaning assigned to the term “Second Lien Secured Parties” in the Intercreditor Agreement.

Parity Lien Secured Parties means the Trustee, for the benefit of the holders of the Notes, the Secured Hedge Counterparties, the Collateral Trustee and any other holder of Parity Lien Debt.

Examples of Parity Lien Secured Parties in a sentence

• The Collateral Trustee and its successors and assigns under this Agreement will hold the Trust Estate in trust for the benefit solely and exclusively of all current and future Parity Lien Secured Parties as security for the payment of all present and future Parity Lien Obligations.

• The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Obligations will be secured equally and ratably by the Parity Lien established in favor of the Collateral Trustee for the benefit of the Parity Lien Secured Parties, notwithstanding the time of incurrence of any Parity Lien Obligations or time or method of creation or perfection of any Parity Liens securing such Parity Lien Obligations.

• The parties to this Agreement agree that the payment and satisfaction of all of the Parity Lien Obligations will be secured equally and ratably by the Parity Liens established in favor of the Collateral Trustee for the benefit of the Parity Lien Secured Parties, notwithstanding the time of incurrence of any Parity Lien Obligations or time or method of creation or perfection of any Parity Liens securing such Parity Lien Obligations.

• The obligations of ION with respect to the New Second Lien Convertible Notes, the obligations of the Guarantors under the guarantees, all other Parity Lien Obligations and the performance of all other obligations of ION, the Guarantors and ION’s other Restricted Subsidiaries under the Note Documents will be secured equally and ratably by second-priority Liens in the Collateral granted to the Collateral Agent for its benefit, the benefit of the Trustee and the benefit of the Parity Lien Secured Parties.

• The Collateral Trustee acknowledges that for purposes of perfecting the security interests hereunder, all property in the possession or control of the Collateral Trustee will be held by the Collateral Trustee both as trustee for the benefit of the Priority Lien Secured Parties and as trustee for the benefit of the Parity Lien Secured Parties, subject to the terms of the Collateral Trust Agreement.

More Definitions of Parity Lien Secured Parties

Parity Lien Secured Parties means the holders of Parity Lien Notes Obligations and each Parity Lien Representative.

Parity Lien Secured Parties means the holders of Parity Lien Obligations (including, for the avoidance of doubt, the “Secured Parties” under and as defined in the Senior Third Lien Credit Agreement and the “Secured Parties” under and as defined in the Junior Third Lien Credit Agreement), the Senior Third Lien Collateral Trustee, the Junior Third Lien Collateral Trustee, the Collateral Trustee and each Parity Lien Representative.

Parity Lien Secured Parties has the meaning set forth in the Collateral Trust Agreement.

Parity Lien Secured Parties means, at any time, the holders of the Second Lien Notes, the Trustee, the Collateral Agent, each other Parity Lien Representative and each other holder of any Parity Lien Obligations.

Parity Lien Secured Parties means (a) the Notes Secured Parties and (b) each Other Parity Lien Secured Party. For the avoidance of doubt, the Parity Lien Secured Parties include the Applicable Parity Lien Representative.

Parity Lien Secured Parties has the meaning assigned to the term “Collateral Trust Secured Parties” in the Intercreditor Agreement.

Parity Lien Secured Parties means, at any time, (i) the Holders, each Parity Lien Collateral Agent, the Trustee, each lender, holder, agent, Issuing Creditor or L/C Participant (each as defined in the Letter of Credit Facility as in effect on the date hereof) under the Letter of Credit Facility or other Series of Parity Lien Debt and (ii) and the SVF Obligor or any other person, to the extent the SVF Obligor or such other person is subrogated to the rights of the Letter of Credit Facility Secured Parties (it being understood that the exercise by the SVF Obligor of any right of subrogation, reimbursement, contribution or any other right to enforce any remedy against the Company and the Guarantors shall be subject to Section 2.14(b) of the Letter of Credit Facility).