Second Priority Secured Parties definition

Second Priority Secured Parties means the Indenture Secured Parties and all other Persons holding any Second Priority Claims, including the collateral agent for any Future Second Lien Indebtedness.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Second Priority Secured Parties means the holders of any Second Priority Obligations, in such capacity, and the Second Priority Representatives.

Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.

Examples of Second Priority Secured Parties in a sentence

All notices to the Second Priority Secured Parties and the Senior Priority Secured Parties permitted or required under this Agreement shall also be sent to each Second Priority Representative and each Senior Priority Representative, respectively.
None of the Senior Priority Representatives, the Senior Priority Secured Parties, the Second Priority Representatives or the Second Priority Secured Parties shall have any duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise.
The duties or responsibilities of each Senior Priority Representative under this Section 5.5(c) shall be limited solely to holding the Control Collateral as gratuitous bailee for the benefit and on behalf of each Second Priority Representative and each Second Priority Secured Party for purposes of perfecting the Liens held by the Second Priority Secured Parties.
Each Second Priority Representative represents and warrants that this Agreement is binding upon the Second Priority Secured Parties under its Debt Facility.
The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties on the one hand and the Second Priority Secured Parties on the other hand.

More Definitions of Second Priority Secured Parties

Second Priority Secured Parties means the Initial Second Priority Debt Secured Parties and any Additional Second Priority Secured Parties.

Second Priority Secured Parties means (a) the Initial Second-Priority Secured Parties and (b) the Other Second-Priority Secured Parties, including the Second-Priority Representatives.

Second Priority Secured Parties means the Indenture Secured Parties and all other Persons holding any Second-Priority Claims, including the collateral agent for any Future Second-Lien Indebtedness.

Second Priority Secured Parties means the “Secured Parties” as defined in the Second Lien Collateral Trust Agreement.

Second Priority Secured Parties means, with respect to (a) any ABL Priority Collateral, the Term Loan/Notes Secured Parties, and (b) any Term Loan/Notes Priority Collateral, the ABL Secured Parties.

Second Priority Secured Parties means the Second Priority Secured Debt Representatives and the holders of Second Priority Secured Obligations.

Second Priority Secured Parties means at any time the Collateral Trustee (in its capacity as the holder of the Lien on the Collateral securing the Second Priority Secured Obligations), each Second Priority Agent (for the benefit of the Banks under the applicable Second Priority Credit Agreement and itself as Administrative Agent thereunder), the other Agents (as such term is defined in each of the Second Priority Credit Agreements) and any other holder of Second Priority Secured Obligations outstanding at such time.