Revolving Facility Liens definition

Revolving Facility Liens means Liens on the Revolving Facility Collateral created under Revolving Facility Security Documents to secure the Revolving Facility Obligations.
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Revolving Facility Liens means all Liens on the Revolving Facility Collateral securing the Revolving Facility Obligations, whether created under the Revolving Facility Security Instruments or acquired by possession, statute (including any judgment Lien), operation of law, subrogation or otherwise.
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Examples of Revolving Facility Liens in a sentence

  • In the event that any Term Facility Secured Party becomes a judgment lien creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Revolving Facility Liens and the Revolving Facility Obligations) to the same extent as all other Liens securing the Term Facility Obligations are subject to the terms of this Agreement.

  • The Term Facility Agent, on behalf of itself and the other Term Facility Secured Parties, further agrees that, prior to the Revolving Facility Obligations Payment Date, none of them shall assert or enforce any claim under Section 506(b) or 506(c) of the Bankruptcy Code or otherwise that is senior to or on a parity with the Revolving Facility Liens for costs or expenses of preserving or disposing of any Revolving Facility Priority Collateral.

  • The DIP Liens are legal, valid, binding, continuing, automatically perfected, non-avoidable, senior in priority, and superior to any security, mortgage, collateral interest, lien, or claim to any of the DIP Collateral, except that the DIP Liens shall be junior only to the Revolving Facility Liens, Revolving Facility Adequate Protection Liens, Permitted Liens and the Carve-Out.

  • The grant of the Revolving Facility Liens pursuant to the Revolving Facility Security Documents and the grant of the Shared Obligations Liens pursuant to the Shared Obligations Security Documents create separate and distinct Liens on the Collateral.