Second Liens definition

Second Liens means Liens created or purported to be created under the Second Lien Security Documents securing any Second Lien Secured Obligations.

Second Liens means the Liens on the Collateral granted by the Company and the Guarantors to the applicable Collateral Agent (if applicable, also acting in the name of the Holders and other Secured Parties) to secure the payment and performance of all or any Security Agreement Obligations, and all replacements, renewals and other modifications of such Liens.

Second Liens means (i) the second and junior liens and security interests granted in the Collateral in favor of the Second Lien Agent on behalf of the Second Lien Secured Parties, as security for the payment and performance of the Second Lien Obligations and (ii) the second and junior liens and security interests granted in the Collateral in favor of the Collateral Agent on behalf of the Second Lien Secured Parties, as security for the payment and performance of the Second Lien Obligations.

Examples of Second Liens in a sentence

• For QM, a loan will be considered a Higher Priced Mortgage Loan if the APR exceeds the Average Prime Offer Rate by 1.50% or more percentage points on conforming First Liens and 3.50% or more percentage points on Second Liens.

• A loan will be considered a Higher Priced Mortgage Loan under the HPML Appraisal Rule if the APR exceeds the Average Prime Offer Rate by 1.50% or more percentage points on Conforming First Liens, 2.50% for Jumbo First Liens and 3.50% or more percentage points on Second Liens.

• For QM, a loan will be considered a Higher Priced Covered Transaction if the APR exceeds the Average Prime Offer Rate by 1.50% or more percentage points on conforming First Liens and 3.50% or more percentage points on Second Liens.

• Non-Performing Second Liens (180 or more daysdelinquent) $1.00 Write-down=$0.10Credit 3.

• All Second Liens and Third Liens will remain attached to and enforceable against all proceeds so held or remitted, subject to the priorities set forth in this Agreement.

More Definitions of Second Liens

Second Liens means Liens on the Collateral that are equal and ratable with the Liens securing the Obligations (and other obligations that are secured equally and ratably with the Obligations).

Second Liens means Liens on the Collateral that are (or would have been, to the extent Second Lien Notes do not exist at such time) equal and ratable with the Liens securing the Second Lien Notes (and other obligations that are secured equally and ratably with the Second Lien Notes).

Second Liens means the Liens securing the Second Lien Obligations.

Second Liens means all Liens in favor of the Second Lien Agent, for the benefit of the Second Secured Creditors, on any Assets, whether such Liens are now in existence or arise hereafter, up to the amount of the permitted Second Secured Obligations.

Second Liens means the Liens securing any Second Lien Obligations.

Second Liens means the Liens on Common Collateral securing the Term Loan Obligations.

Second Liens has the meaning set forth in Section 3.2(b).