Second Lien Collateral definition

Second Lien Collateral means all “Collateral”, as defined in any Second Lien Document, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Second Lien Obligations.
Second Lien Collateral means all of the assets and property of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Second Lien Obligations.
Second Lien Collateral means all of the assets and property of any Loan Party, whether real, personal or mixed, with respect to which a Lien is granted or purported to be granted as security for any Second Lien Obligations.

Examples of Second Lien Collateral in a sentence

  • In addition, the Notes may be subject to redemption from time to time prior to their maturity pursuant to an Event of Loss Redemption, First Lien Collateral Asset Sale Redemption, JV Redemption, Second Lien Collateral Asset Sale Redemption or Non-Collateral Asset Sale Redemption, in each case, pursuant to and subject to the terms of the Indenture.


More Definitions of Second Lien Collateral

Second Lien Collateral means all assets of any Grantor now or at any time hereafter subject to Liens securing any Second Lien Obligations.
Second Lien Collateral means, collectively, all of the collateral securing (or purporting to secure) the Second Lien Obligations and all other property of whatever kind and nature, whether now existing or hereafter acquired, pledged or purported to be pledged as collateral or otherwise subject to a security interest or purported to be subject to a security interest under any Second Lien Document.
Second Lien Collateral means any collateral or other assets with respect to which a Lien is granted or purported to be granted pursuant to this Indenture or any Security Documents, as applicable, as security for any Second Lien Obligations.
Second Lien Collateral shall consist of a pledge by PIC AU Holdings LLC, a Delaware limited liability company, of 100% of the equity interest of PIC Acquisition Corp., a Delaware corporation, and all other assets securing the Co-Issuer Notes, subject to Liens permitted by the Co-Issuer Notes Indenture as in effect on the Issue Date and without giving effect to subsequent amendments or supplements thereto.
Second Lien Collateral means any “Collateral,” “Pledged Collateral” or similar term as defined in any Second Lien Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted, purported to be granted or required to be granted pursuant to a Second Lien Document as security for any Second Lien Obligations and shall include any property or assets subject to replacement Liens or adequate protection Liens in favor of any Second Lien Claimholder.
Second Lien Collateral means all of the Credit Facility Properties and the Second Lien Pledged Collateral, in each case, pledged as collateral to secure the Notes Obligations pursuant to the terms of the Security Documents.
Second Lien Collateral means all assets and properties subject to, or purported under the terms of any Second Lien Security Document to be made subject to, Liens securing any Second Lien Obligations and any other assets and properties subject to a Lien securing Second Lien Obligations, whether acquired by statute, operation of law, subrogation or otherwise (including any judgment lien and Liens acquired pursuant to Section 5.08 or otherwise in connection with an Insolvency or Liquidation Proceeding).