Permitted Senior Liens definition

Permitted Senior Liens means (i) those Liens in favor of the holders of Permitted Priority Debt solely with respect to the Obligors’ accounts receivable and inventory and (ii) those Liens permitted under Sections 9.02(e) and (i).

Permitted Senior Liens means Permitted Liens of the types described in clauses (1), (3), (6) through (11), and (12) (solely to the extent of Permitted Liens securing Permitted Refinancing Indebtedness in respect of Indebtedness previously secured by a Permitted Senior Lien) of the definition of “Permitted Liens.”

Permitted Senior Liens means (a) Liens permitted under Section 7.01 which have priority by operation of law or as provided herein over the Liens granted to the Lender and (b) Liens permitted under Section 7.01(i) or (p).

Examples of Permitted Senior Liens in a sentence

• The Security Interest is and shall be prior to any other Lien on any of the Collateral, other than Permitted Senior Liens.

• The registered office and registered agent may be changed by the Managers from time to time by filing the address of the new registered office or the name of the new registered agent with the Secretary of State of the State of Delaware pursuant to the Act.

• For this purpose, the most effective social media means like Lions of Rojava and International Peshmerga Volunteers (IPV) have been examined as well.The analysis of armed groups also provided insights for a better understanding of the social surrounding that leads to radicalization and mobilization of anti-ISIS Western foreign fighters and the formation of terrorist organizations.

• The Loans and the other Obligations shall be secured by valid, first priority (subject in priority only to any Permitted Senior Liens), perfected and enforceable Liens in favor of the Administrative Agent, for the benefit of the holders of the Obligations, in all of the Collateral subject to the terms of the Security Documents.

• Borrower and each Guarantor has the power and authority to grant to Lender a first priority Lien (subject only to Permitted Senior Liens) in the Collateral owned by Borrower or such Guarantor as security for the Secured Obligations.

More Definitions of Permitted Senior Liens

Permitted Senior Liens means any Lien on all or a portion of any Second Lien Collateral that ranks senior to the Liens on the Second Lien Collateral securing the Notes and the related Guarantees in accordance with the terms of the 2029 Exchange Notes First Lien/Second Lien Intercreditor Agreement or any Acceptable Senior Intercreditor Agreement.

Permitted Senior Liens means Liens described in clauses (vi), (vii) and (viii) of the definition of “Permitted Liens”.

Permitted Senior Liens means Permitted Liens (x) referred to in clauses (a), (b), (c), (e) and (j) of the definition of Permitted Liens and applicable to the Collateral (other than Equity Interests constituting Collateral, as to which there shall be no Permitted Senior Liens), to the extent, but only to the extent, having priority by mandatory provisions of applicable law, and (y) referred to in clause (g) of the definition of Permitted Liens and applicable only to the ABL DIP Credit Priority Collateral.

Permitted Senior Liens means Permitted Liens which are non-consensual Permitted Liens, permitted purchase money Liens, the interests of lessors under Capital Leases, and, solely with respect to the Split Lien Priority Collateral, Liens securing the Indebtedness under the Split Lien Documents.

Permitted Senior Liens means the Liens set forth on Schedule 3.

Permitted Senior Liens means those Liens permitted under Sections 9.02(e) and (i).

Permitted Senior Liens means those Permitted Liens under Section 7.03(a)(i) (solely to the extent encumbering tangible assets in the possession of such Persons or tangible assets previously in the possession of such Persons to the extent such Persons could assert a valid and enforceable Lien on such Collateral), Section 7.03(a)(ii), Section 7.03(a)(iii), Section 7.03(a)(vi), Section 7.03(a)(vii), Section 7.03(a)(viii) (solely to the extent encumbering equipment and/or fixed assets being leased or being acquired through the incurrence of such purchase money Indebtedness), Section 7.03(a)(x), Section 7.03(a)(xi), Section 7.03(a)(xiii) (solely to the extent encumbering tangible assets in the possession of such Persons or tangible assets previously in the possession of such Persons to the extent such Persons could assert a valid and enforceable Lien on such Collateral), Section 7.03(a)(xiv) and Section 7.03(a)(xv), in each case, solely to the extent such Permitted Liens are valid, enforceable, and prior to the Liens of the Administrative Agent under applicable Law.