Permitted Senior Liens definition

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

Examples of Permitted Senior Liens in a sentence

• Prepetition Permitted Senior Liens; Continuation of Prepetition Liens.

• As security for the DIP Loan and as adequate protection, the Debtors request the DIP Lender be secured pursuant to Section 364(c)(2) of the Bankruptcy Code, subject to the Carve-Out and Permitted Senior Liens including, but not limited to, the lien held by FNA Jersey associated with the tax sale certificate,5 by a first priority perfected lien on, and security interest in, all present and after acquired property of the Debtors.

• Notwithstanding anything herein to the contrary, the DIP Priming Liens shall be (i) senior in all respects to the Prepetition Liens on DIP Notes Priority Collateral, (ii) senior to any Adequate Protection Liens on DIP Notes Priority Collateral, (iii) subordinate only to any Prepetition Notes Permitted Senior Liens and (iv) not subordinate to any lien, security interest or mortgage that is avoided and preserved for the benefit of the Debtors and their estates under section 551 of the Bankruptcy Code.

• 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 and, from and after the date that a Revolving Facility is in effect, the Intercreditor Agreement.

• Under the Plan, all of the Debtors’ cash as of the Effective Date, other than (a) cash required to fund the Administrative Claims Reserve and the Professional Fee Reserve and (b) asset sale proceeds being held in escrow for the benefit of holders of Permitted Senior Liens (as defined in the Final DIP Order), would be available to fund the Liquidating Trust.

More Definitions of Permitted Senior Liens

Permitted Senior Liens means, with respect to any item of Collateral, a Lien thereon, senior to the Liens thereon granted or created pursuant to the Security Documents in favour of the Secured Parties permitted to be created or to exist pursuant to clause (c), (d), (e), (f), (g), (i), (j), (k), (o), (s), (u) or, to the extent relating to the foregoing, (x) of the definition of “Permitted Liens”.

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

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.

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 the Liens set forth on Schedule 3.

Permitted Senior Liens means liens on assets of OmniCell securing any Permitted Senior Debt; provided, however, that any liens on SureMed Assets securing Permitted Senior Debt shall be junior in priority to Xxxxxx'x first priority perfected security interest in such SureMed Assets.

Permitted Senior Liens means, with respect to any item of Collateral, a Lien thereon, senior to the Liens thereon granted or created pursuant to the Collateral Agreements in favor of the Trustee, the Collateral Agent and the Holders permitted to be created or to exist pursuant to (i) clause (5), (6), (7), (8), (12) or (11) (to the extent that the original Lien related to the Lien permitted pursuant to clause (11) of the definition of “Permitted Liens” was permitted pursuant to clause (5), (6), (7), (8), or (12) of the definition of “Permitted Liens”) of the definition of “Permitted Liens” to the extent having priority pursuant to applicable law or (ii) clause (1), (3), (9), (10), (13), (14) or (11) (to the extent that the original Lien related to the Lien permitted pursuant to clause (11) of the definition of “Permitted Liens” was permitted pursuant to clause (1), (3), (9), (10), (13) or (14) of the definition of “Permitted Liens”) of the definition of “Permitted Liens”.