Senior Lien Lenders definition

Senior Lien Lenders has the meaning assigned to that term in the introduction to this Agreement, as well as any Person designated as a “Lender” or “holder” or “investor” (or Person defined by a similar term) under any Senior Lien Credit Agreement.
Sample 1Sample 2Sample 3
Senior Lien Lenders means the Revolving Lenders and the Term Lenders.
Sample 1Sample 2
Senior Lien Lenders means the “Lenders” as defined in the Senior Lien Credit
Sample 1

Examples of Senior Lien Lenders in a sentence

  • The Senior Lien Lenders are reaping the benefit of the store closing sales at these locations and are receiving an increased revenue from the liquidation sales to pay down their pre-petition claims, while risking no exposure or risk of loss post-petition.

  • For the purposes hereof, the addresses of the parties hereto shall be addressed as follows or as may be designated by such party in a written notice to all of the other parties: If to Senior Lien Agent or Senior Lien Lenders With a copy to (or following the Discharge of the(prior to the Discharge of Term Loan Obligations): Cortland Capital Market Services LLC 225 W.

  • Thus, this significant availability demonstrates that the Prepetition Collateral exceeds the value of the Senior Lien Lenders’ interests and the Senior Lien Lenders will suffer no diminution in the value of their interests as a result of obtaining the DIP Financing.

  • Washington, 21st Floor Chicago, Illinois 60606Attn: Valerie Opperman and Legal DepartmentFax: (312) 376-0751Term Loan Obligations, if to Senior Lien Agent or Senior Lien Lenders): Bank of America, N.A.135 South LaSalle, 9th Floor Chicago, Illinois 60603 Attn: Brad H.

  • The Landlords should not unjustly bear the risk of administrative insolvency while other parties in interest benefit, and the Court should direct that the Landlords receive payment of March post-petition rent for the use of their property for the direct benefit of the Senior Lien Lenders.

  • Each Agent represents and warrants to the other that it has been authorized by ABL Lenders, Senior Lien Lenders, First Lien Lenders or Junior Lien Lenders, as applicable, under the applicable Credit Agreement, to enter into this Agreement and that each of the agreements, covenants, waivers, and other provisions hereof is valid, binding, and enforceable against the ABL Lenders, Senior Lien Lenders, First Lien Lenders and Junior Lien Lenders, as applicable, as fully as if they were parties hereto.

  • Moreover, allowing the Senior Lien Lenders access to storage and preservation of collateral at no cost would “result in a windfall benefit to the secured creditor to the detriment of a third party.” In re So Good South Potato Chip Co., 116 B.R. 144, 146 (Bankr.


More Definitions of Senior Lien Lenders

Senior Lien Lenders means the “Lenders” as defined in the ABL Revolving Facility.
Sample 1
Senior Lien Lenders shall have the meaning assigned to that term in the recitals hereto.
Sample 1
Senior Lien Lenders means the Persons which are parties from time to time as lenders under the Senior Lien Loan Agreement, and their successors and assigns (including any other lender or group of lenders that at any time succeeds to or refinances, replaces or substitutes for all or any portion of the Senior Lien Debt at any time and from time to time).
Sample 1
Senior Lien Lenders means the Senior Lien Lenders, together with the lenders under any Senior Secured Credit Agreement or Senior Lien Loan Documents.
Sample 1
Senior Lien Lenders means, collectively, The CIT Group/Business Credit, Inc., Citicorp USA, Inc. and each other party which hereafter becomes a lender under the Senior Lien Financing Agreement.
Sample 1

Related to Senior Lien Lenders

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

  • First Lien Lenders means the “Lenders” under and as defined in the First Lien Credit Agreement.

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • Junior Lien Debt means Indebtedness incurred by a Covenant Entity that is secured by a Lien that is junior to the Lien on the Collateral securing the Obligations.

  • Junior Lien Indebtedness means any Indebtedness (other than any ABL Facility) that is secured by a junior Lien to the Lien securing the Secured Obligations and that was permitted to be incurred and so secured hereunder.

  • Subordinated Lenders means each and every Person to whom any of the Subordinated Indebtedness are owed.

  • Prepetition Lenders means those lenders party to the Prepetition Credit Agreement from time to time.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • Senior Lender means each holder of a Senior Note.

  • DIP Lenders has the meaning assigned to such term in Section 2.05(b).

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • First Lien Credit Documents means the “Credit Documents” as defined in the First Lien Credit Agreement.

  • Priority Lien Debt has the meaning assigned to such term in the Intercreditor Agreement.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • First Lien/Second Lien Intercreditor Agreement means an intercreditor agreement substantially in the form of Exhibit H hereto, or such other customary form reasonably acceptable to the Administrative Agent and the Borrower, in each case, as such document may be amended, restated, supplemented or otherwise modified from time to time.

  • ABL Agent means Bank of America, N.A., in its capacity as administrative agent and collateral agent under the ABL Facility Documentation, or any successor agent or under the ABL Facility Documentation.

  • Second Lien Loan Documents means the “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.