Second Priority Lien Obligations definition

Second Priority Lien Obligations means the Second Priority Lien Debt and all other Obligations in respect of Second Priority Lien Debt.

Second Priority Lien Obligations means (a) the Notes Obligations and (b) all Other Second-Lien Obligations.

Second Priority Lien Obligations means the Obligations under any Pari Passu Indebtedness of the Issuer or a Subsidiary Guarantor that is secured by a Lien on the Collateral that is pari passu with the Lien securing the Notes and permitted to be incurred and so secured under Sections 4.10 and 4.13 hereof; provided that, except in the case of Other Second Priority Lien Obligations, an authorized representative of the holders of such Indebtedness shall have executed a joinder to the Second Lien Intercreditor Agreement.

Examples of Second Priority Lien Obligations in a sentence

• Such security interests are to be equal in priority to security interests granted for the benefit of holders of Second Priority Lien Obligations and junior in priority to security interests granted for the benefit of holders of Indebtedness that constitutes First Priority Lien Obligations.

• The Senior Intercreditor Agreement governs the relative rights and remedies, as lienholders, among holders of Liens securing First-Priority Lien Obligations and holders of Liens securing Second Priority Lien Obligations.

• The Notes are secured on a third-priority basis, Equally and Ratably with all other Third Priority Lien Obligations, by (a) a security interest in all the assets of the Company and the Guarantors other than Excluded Assets, and (b) a pledge of the equity interests in the Company and CalGen Expansion Company, LLC, subject to liens securing First Priority Lien Obligations and Second Priority Lien Obligations and to other Permitted Prior Liens.

• The New Agent agrees to become, with immediate effect, a party to and agrees to be bound by the terms of, the Second Lien Intercreditor Agreement as an Other Second Priority Lien Obligations Agent as if it had originally been party to the Second Lien Intercreditor Agreement as an Other Second Priority Lien Obligations Agent.

• The First Lien/Second Lien Intercreditor Agreement defines the relative rights, as lienholders, of holders of Liens securing First Priority Lien Obligations and holders of Liens securing Second Priority Lien Obligations.

More Definitions of Second Priority Lien Obligations

Second Priority Lien Obligations means the Term Facility Obligations and the Other Second-Priority Lien Obligations.

Second Priority Lien Obligations means the Notes and any other indebtedness secured by the Collateral on a second-priority basis, approved for designation as such by the Credit Facility Agent and the Second Lien Collateral Agent or pursuant to the Intercreditor Agreement between the Second Lien Collateral Agent and the Credit Facility Agent.

Second Priority Lien Obligations means all Obligations with respect to the Notes and the Note Guarantees and other Parity Lien Debt.

Second Priority Lien Obligations has the meaning assigned to such term in the Senior Lien Intercreditor Agreement.

Second Priority Lien Obligations means all Indebtedness and other Obligations under the Second Lien Notes.

Second Priority Lien Obligations means all Obligations with respect to the Notes and the Note Guarantees.

Second Priority Lien Obligations means (a) the Debt Incurred under the Notes (including any Additional Notes), (b) up to $15,000,000 of Secured Trade Debt and (c) Permitted Additional Second Priority Lien Obligations.