Replacement Liens definition

Replacement Liens means, with respect to any Lien, any modification, replacement, renewal or extension of such Lien; provided that (i) such modification, replacement, renewal or extension of such Lien does not extend to any additional property other than (A) after-acquired property (to the extent such after-acquired property would have been subject to such Lien prior to such modification, replacement, renewal or extension) and (B) proceeds and products thereof, and (ii) any Indebtedness secured by such Liens is permitted by Section 6.01.

Replacement Liens with respect to any Lien, any modification, replacement, renewal or extension of such Lien; provided that (i) such modification, replacement, renewal or extension of such Lien does not extend to any additional property other than (A) after-acquired property (to the extent such after-acquired property would have been subject to such Lien prior to such modification, replacement, renewal or extension) and (B) proceeds and products thereof, and (ii) any Indebtedness secured by such Liens is permitted by Section 6.2.

Replacement Liens shall have the meaning set forth in the Approval Order.

Examples of Replacement Liens in a sentence

• The Wells Fargo Replacement Liens shall not be made subject to or pari passu with any lien or security interest by any other order entered by the Court in any of the Chapter 11 Cases.

• The Debtors shall execute and deliver to Wells Fargo all such financing statements, deeds of trust, mortgages, notices of liens, and other similar instruments and documents as Wells Fargo may reasonably request to evidence, confirm, validate or perfect, or to insure the contemplated priority of, the Wells Fargo Replacement Liens.

• Notwithstanding anything to the contrary contained herein, the Wells Fargo Replacement Liens shall not attach to the Specified Vessel Collateral or the Avoidance Action Proceeds.

• Notwithstanding the foregoing, the Debtors authorized to and shall execute and deliver to First Midwest such financing statements, mortgages, instruments and other documents as First Midwest may reasonably request from time to time in respect of the Replacement Liens.

• The Fortress Replacement Liens shall not be made subject to or pari passu with any lien or security interest by any other order entered by the Court in any of the Chapter 11 Cases.

More Definitions of Replacement Liens

Replacement Liens means (a) with respect to the Pre-Petition BMO Credit Facilities, the replacement Liens granted to the Pre-Petition BMO Agent on all Collateral for and to the extent of the post-petition use of Pre-Petition BMO Collateral and proceeds thereof and for any post-petition diminution in value of Pre-Petition BMO Collateral, and (b) with respect to the Pre-Petition CoBank Credit Facilities, the replacement Liens granted to the Pre-Petition CoBank Agent on all Collateral for and to the extent of the post-petition use of Pre-Petition CoBank Collateral and proceeds thereof and for any post-petition diminution in value of Pre-Petition CoBank Collateral

Replacement Liens has the meaning set forth in Section 6.8.

Replacement Liens shall have the meaning assigned to such term in the Final Order.

Replacement Liens as defined in the Interim Order or, following entry of the Final Order, the Final Order.

Replacement Liens shall have the meaning set forth in Section 9(b) of this Agreement.

Replacement Liens means First Priority Liens in the DIP Collateral granted to the Prepetition First Priority Lender pursuant to this Order, subject only to Postpetition Liens, Carveout, and Permitted Liens.

Replacement Liens means SHL’s Liens in the Collateral granted pursuant to the Financing Order.