Prior Liens definition

Prior Liens means Liens which, pursuant to the provisions of any Security Document, are or may be superior to the Lien of such Security Document.

Prior Liens means, collectively, the Liens identified in Schedule B annexed to this Mortgage.

Prior Liens means, collectively, the Liens identified in Schedule III annexed hereto relating to those items of Collateral identified in such Schedule.

Examples of Prior Liens in a sentence

• B Prior Liens on Real Estate CCC’s security interest in the collateral, such as the actual storage structure, shall constitute the sole security interest in collateral.

• All Mortgaged Properties are free and clear of Liens, except for Prior Liens and all of such other properties are free and clear of Liens, other than Permitted Liens.

• Any reference herein to the Lien of the Collateral Agent being “first priority” or words of similar effect shall mean that such Lien is a first priority Lien, subject only to the prior Lien securing the Revolving Obligations to the extent set forth in the Intercreditor Agreement and any other Permitted Prior Liens.

• The provisions of the Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Prior Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein.

• For the avoidance of doubt, the Adequate Protection Liens shall be senior in priority to the liens securing the Pre-Petition Obligations and shall be subject to the DIP Liens, the Carve-Out, and the Permitted Prior Liens, in all respects.

More Definitions of Prior Liens

Prior Liens means, collectively, the Liens identified in Schedule B annexed to this Deed of Trust.

Prior Liens means, collectively, the Liens identified in ----------- Schedule B annexed to this Mortgage. ----------

Prior Liens means those Liens and other encumbrances permitted by paragraphs (a), (c), (d), (e), (f), (i), (j), (l), (n), (o), (p), (q), (r), (dd), or (ff) of Section 6.02; provided that with licenses permitted under paragraphs (q) or (ff) of Section 6.02 shall be deemed “Prior Liens” solely to the extent that such licenses are non-exclusive.

Prior Liens means those Liens and other encumbrances permitted by paragraphs (a), (c), (d), (e), (f), (g), (i), (j), (l), (n), (o), (p), (q), (r), (x), (y), (aa), (dd), or (ff) of Section 6.02; provided that licenses permitted under paragraphs (q) or (ff) of Section 6.02 shall be deemed “Prior Liens” solely to the extent that such licenses are non-exclusive.

Prior Liens means the Liens of the Prior Lienholders created under the Prior Lienholders Security Agreements.

Prior Liens means, with respect to each Mortgaged Property, the exceptions to title described in the Title Policy insuring the Lien of the Mortgage thereon.

Prior Liens has the meaning assigned to such term in the Mortgage.