Second Priority Documents definition

Second Priority Documents means each Second Priority Agreement, each Second Priority Security Document and each Second Priority Guarantee.

Second Priority Documents means the Noteholder Documents and any other document or instrument evidencing or governing any Future Second Lien Indebtedness.

Second Priority Documents means, with respect to (a) any ABL Priority Collateral, the Term Loan Documents and (b) any Term Loan Priority Collateral, the ABL Loan Documents.

Examples of Second Priority Documents in a sentence

• The consent by the First-Priority Secured Parties to the execution and delivery of the Second-Priority Documents to which the First-Priority Secured Parties have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the First-Priority Secured Parties to the Issuer or any other Grantor or any Subsidiary thereof shall be deemed to have been given and made in reliance upon this Agreement.

• Nothing in this Agreement is intended to or shall impair the obligations of Holdings, the Issuer or any other Grantor, which are absolute and unconditional, to pay the First-Priority Obligations and the Second-Priority Obligations as and when the same shall become due and payable in accordance with the terms of the First-Priority Documents and the Second-Priority Documents, respectively.

• Notwithstanding anything to the contrary in this Agreement, the Second-Priority Representatives and the other Second-Priority Secured Parties may exercise rights and remedies as an unsecured creditor against the Issuer or any Subsidiary of the Issuer that has guaranteed the Second-Priority Obligations in accordance with the terms of the applicable Second-Priority Documents and applicable law.

• Each Second-Priority Secured Party, by its acceptance of the benefits of the Second-Priority Documents to which it is a party, agrees to be bound by the agreements herein made by it and the Second-Priority Representative representing it, on its behalf.

More Definitions of Second Priority Documents

Second Priority Documents means (a) the Indenture, the Notes, the Second Priority Collateral Documents and each of the other agreements, documents or instruments evidencing or governing any Second Priority Claims and (b) any other related documents or instruments executed and delivered pursuant to any Second Priority Document described in clause (a) above evidencing or governing any Obligations thereunder.

Second Priority Documents means, with respect to any Type of Common Collateral, the Loan Documents governing the related Second Priority Obligations.

Second Priority Documents means the Noteholder Documents and any other document or instrument evidencing or governing any Future Second-Lien Indebtedness.

Second Priority Documents means (a) the Initial Second-Priority Documents and (b) the Other Second-Priority Documents.

Second Priority Documents means (a) the Second Lien Documents and (b) the Other Second-Priority Documents.

Second Priority Documents means the Second Priority Indenture Documents and the Other Second Priority Documents.

Second Priority Documents means any document or instrument evidencing or governing any Future Second Lien Indebtedness.