Senior Lien Secured Parties definition

Senior Lien Secured Parties means (a) the Credit Agreement Secured Parties and (ii) the Additional Senior Lien Secured Parties with respect to each Series of Additional Senior Lien Obligations.
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Senior Lien Secured Parties shall have the meaning assigned to that term in the introduction to this Agreement.
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Senior Lien Secured Parties. The Secured Parties, the Senior Lien Agent (as defined below) and each other holder of Senior Lien Obligations (as defined below). The Collateral Agent (or any successor or assigns thereto in connection with a Refinancing) is referred to herein as the “Senior Lien Agent”; provided that upon the incurrence of any other Senior Lien Obligations (as defined below), the “Senior Lien Agent” shall be the “Controlling Collateral Agent” (or equivalent term) as defined in the first lien intercreditor agreement among the Collateral Agent and the representatives for the holders of such other Senior Lien Obligations (the “First Lien Intercreditor Agreement”).
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Examples of Senior Lien Secured Parties in a sentence

  • This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other Senior Lien Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement.

  • The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Lien Secured Parties in relation to one another.

  • Nothing herein shall be construed to limit the relative rights and obligations as among the Senior Lien Secured Parties or as among the Junior Lien Secured Parties.

  • The Senior Lien Secured Parties and the Junior Lien Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Credit Party on the faith hereof.

  • Each Authorized Representative, on behalf of itself and its respective Senior Lien Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by any Authorized Representative.

  • This Agreement is solely for the benefit of the Senior Lien Agent, Senior Lien Secured Parties, Junior Lien Agent and Junior Lien Secured Parties.

  • The Senior Lien Agent, for and on behalf of itself and the Senior Lien Secured Parties, acknowledges and agrees that, concurrently herewith, the Junior Lien Agent, for the benefit of itself and the Junior Lien Secured Parties, has been, or may be, granted Liens upon all of the Collateral in which the Senior Lien Agent has been granted Liens and the Senior Lien Agent hereby consents thereto.

  • Each of the Senior Lien Agent, for and on behalf of itself and the Senior Lien Secured Parties, and the Junior Lien Agent, for and on behalf of itself and the Junior Lien Secured Parties, hereby irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such remedy of specific performance.

  • Nothing herein shall be construed to limit the relative rights and obligations as among the Senior Lien Secured Parties pursuant to the provisions of the Senior Lien Pari Passu Intercreditor Agreement.

  • As between the Senior Lien Secured Parties, the Applicable Authorized Representative shall have the right (but not the obligation) to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Shared Collateral.


More Definitions of Senior Lien Secured Parties

Senior Lien Secured Parties means the holders of any Senior Lien Obligations and any Senior Lien Debt Representatives, including the Current Asset Agent and the Term Agent.
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Senior Lien Secured Parties. The Secured Parties (as defined in the Guarantee and Security Agreement, dated as of January 31, 2014, by and among the Loan Parties party thereto and the Credit Agreement Administrative Agent, as such agreement may hereafter be amended, restated, amended and restated, supplemented, refinanced or otherwise modified from time to time), the Senior Lien Agent (as defined below) and each other holder of Senior Lien Obligations (as defined below) (collectively, the “Senior Lien Secured Parties”). The Administrative Agent (or any successor or assigns thereto in connection with a Refinancing) is referred to herein as the “Senior Lien Agent;” provided that upon the incurrence of any other Senior Lien Obligations (as defined below), the “Senior Lien Agent” shall be the “Controlling Collateral Agent” (or equivalent term) as defined in the first lien intercreditor agreement among the Administrative Agent and the representatives for the holders of such other Senior Lien Obligations (the “First Lien Intercreditor Agreement”).
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Senior Lien Secured Parties or (as applicable) “Credit Agreement Secured Party”, “Credit Agreement Secured Parties”, “Additional Senior Lien Secured Party” or “Additional Senior Lien Secured Parties” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Applicable Authorized Representative hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrowers or any Subsidiary or other Affiliate thereof as if such Person were not the Applicable Authorized Representative hereunder and without any duty to account therefor to any other Senior Lien Secured Party.
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Senior Lien Secured Parties has the meaning set forth in the Pari Passu Intercreditor Agreement.
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Senior Lien Secured Parties in the Pari Passu Intercreditor Agreement.
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Related to Senior Lien Secured Parties

  • Secured Parties means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the Supplemental Administrative Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.01(c).

  • 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 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);