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

  • Each of the Senior Lien Secured Parties irrevocably authorizes the applicable Collateral Agent, at its option and in its discretion, to release any Lien on any Shared Collateral granted to or held by the Collateral Agent under any Senior Lien Security Document in accordance with Section 2.04 or upon receipt of a written request from the Company stating that the releases of such Lien is permitted by the terms of each then extant Secured Credit Document.

  • If, despite the provisions of this Section 2.01(a), any Senior Lien Secured Party shall receive any payment or other recovery in excess of its portion of payments on account of the Senior Lien Obligations to which it is then entitled in accordance with this Section 2.01(a), such Senior Lien Secured Party shall hold such payment or recovery in trust for the benefit of all Senior Lien Secured Parties for distribution in accordance with this Section 2.01(a).

  • As between the Senior Lien Secured Parties, the Controlling Collateral Agent shall have the right 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.

  • 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.


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 means the “Trustee”, the “Collateral Trustee” and the “Holders” each as defined in the Senior Lien Debt Agreement.
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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 means (i) the Exchangeable Notes Secured Parties, (ii) the Initial Senior Secured Parties and (iii) the Additional Senior Lien Secured Parties with respect to each Series of Additional Senior Lien Obligations.
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Related to Senior Lien Secured Parties

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

  • Secured Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.

  • 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.

  • 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.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • 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);

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