Second Priority Secured Obligations definition

Second Priority Secured Obligations means (i) all principal of and interest (including, without limitation, any interest which accrues after the commencement of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization of the Borrower, whether or not allowed or allowable as a claim in any such proceeding) on any Tranche A Loan, (ii) all other amounts payable by the Borrower hereunder or under the 1996 Loan Documents, to the extent properly allocable to the Tranche A Loans, and (iii) any renewals or extensions of any of the foregoing.

Second Priority Secured Obligations means (i) the obligations of the Borrower the Synthetic Lease Obligations and (ii) any renewals or extensions of the foregoing.

Second Priority Secured Obligations means, collectively, the 2011 Second Priority Secured Obligations, the 2012 Second Priority Secured Obligations and the Second Priority Additional Debt Obligations.

Examples of Second Priority Secured Obligations in a sentence

• For purposes of determining the amount of Second Priority Secured Obligations relating to any obligation with respect to which a Pledgor is a guarantor (including by way of providing security), the total amount of such Second Priority Secured Obligations shall be calculated without duplication of the amount of such direct or primary obligation secured by the Pledged Collateral and the related guaranty obligations of the Pledgors secured by the Pledged Collateral.

• Each Pledgor hereby pledges to Collateral Agent and grants to Collateral Agent, in each case for the ratable benefit of the Second Priority Secured Parties, a second priority security interest in all of such Pledgor’s right, title and interest in and to the Pledged Collateral to secure the Second Priority Secured Obligations (as defined in Section 2).

• The Senior Secured Obligations and the Second Priority Secured Obligations collectively are referred to herein as the “Secured Obligations”.

• Neither the Second Priority Collateral Agent nor any of the other Second Priority Secured Parties shall be liable for failure to collect or realize upon any of the Second Priority Secured Obligations or any collateral security or guaranty therefor, or any part thereof, or for any delay in so doing, nor shall the Second Priority Collateral Agent or any of the other Second Priority Secured Parties be under any obligation to take any action whatsoever with regard thereto.

• The Senior Secured Obligations, the Second Priority Secured Obligations and the Third Priority Secured Obligations collectively are referred to herein as the “Secured Obligations”.

More Definitions of Second Priority Secured Obligations

Second Priority Secured Obligations means all Obligations.

Second Priority Secured Obligations means all Obligations under, or with respect to, this Agreement.

Second Priority Secured Obligations shall have the meaning provided in Section 11(b) hereof.

Second Priority Secured Obligations means (a) the Second Lien Note Secured Obligations and (b) the Other Indenture Debt Secured Obligations.

Second Priority Secured Obligations means at any time any obligations, whether matured or unmatured, contingent or liquidated, of each Grantor arising out of or evidenced by the Second Priority Secured Agreements, whether for principal, interest, expenses, premiums, indemnities, fees or other amounts, whether or not such obligations are due and payable at such time.

Second Priority Secured Obligations has the meaning given to the term “Junior Priority Secured Obligations” in the Second Priority Pari Passu Intercreditor Agreement.

Second Priority Secured Obligations means all obligations (whether or not constituting future advances, obligatory or otherwise) of the Issuers and any and all of the Guarantors from time to time arising under or in respect of this Agreement, the Second Priority Indenture, the Second Notes and the other Collateral Documents (including, without limitation, the obligations to pay principal, interest and all other charges, fees, expenses, commissions, reimbursements, premiums, indemnities and other payments related to or in respect of the obligations contained in this Agreement, the Second Priority Indenture, the Second Notes and the other Collateral Documents), in each case whether (i) such obligations are direct or indirect, secured or unsecured, joint or several, absolute or contingent, due or to become due whether at stated maturity, by acceleration or otherwise, (ii) arising in the regular course of business or otherwise, (iii) for payment or performance and/or (iv) now existing or hereafter arising (including, without limitation, interest and other obligations arising or accruing after the commencement of any bankruptcy, insolvency, reorganization or similar proceeding with respect to any Pledgor or any other Person, or which would have arisen or accrued but for the commencement of such proceeding, even if such obligation or the claim therefor is not enforceable or allowable in such proceeding).