Senior Priority Lien definition

Senior Priority Lien means a Lien granted (a) by an Original First Lien Collateral Document to the Original First Lien Agent or (b) by an Additional Collateral Document to any Additional Agent for the purpose of securing Senior Priority Obligations.

Senior Priority Lien means a Lien granted (a) by an Original First Lien Collateral Document to the Original First Lien Agent[, (b) a [ ] First Lien Collateral Document to [ ] First Lien Agent]viii or [(b/c)] by an Additional Collateral Document to any Additional Agent for the purpose of securing Senior Priority Obligations.

Senior Priority Lien means any Lien on Collateral in favor of the Senior-Priority Secured Parties that is senior in priority to the Lien on such Collateral in favor of the Junior-Priority Secured Parties pursuant to, and in accordance with, the Collateral Documents.

Examples of Senior Priority Lien in a sentence

• The rights as between the RBL Agent on one hand, and the notes collateral agent under the 1.125L Indenture on the other, are governed by that certain Senior Priority Lien Intercreditor Agreement dated as of May 23, 2018, with RBL Claims being “First-Priority Lien Obligations” thereunder, and 1.125L Notes Claims being “Second-Priority Lien Obligations” thereunder.

• Baker Hughes acknowledges that the Allowed Senior Priority Lien Claim in the amount of $11,500 has been paid in full.

• The First Stipulation and Agreed Order provided, among other things, that Baker Hughes shall have an (i) Allowed Senior Priority Lien Claim in the amount of $11,500 and (ii) an Allowed Unsecured Claim in the amount of $27,609.WHEREAS, on June 28, 2021, the Liquidating Trustee’s First Omnibus Objection to Certain Proofs of Claim (Satisfied Claims) (“Objection”) was filed [Docket no.

• The Parties will agree that the M&M Lien Claimant will have an Allowed Senior Priority Lien Claim in the amount of $7,493.02, subject to the M&M Lien Claimant’s compliance with the terms of this Stipulation and Agreed Order.2. The M&M Lien Claimant agrees (i) that its sole recovery under the Plan shall be on account of its Allowed Senior Priority Lien Claim and (ii) to waive any recovery on account of any Unsecured Claim, including any potential unsecured deficiency claim.

• There are three Intercreditor Agreements implicated by the Plan: (i) The Senior Priority Lien Intercreditor Agreement dated as of May 23, 2018, (ii) the Additional Priority Lien Intercreditor Agreement dated as of November 29, 2016, and (iii) the Priority Lien ICA.

More Definitions of Senior Priority Lien

Senior Priority Lien means a Lien granted by the Issuer or any Guarantor in favor of the Senior Priority Lien Collateral Agent at any time, upon any Property of the Issuer or any Guarantor to secure Senior Priority Lien Obligations (including Liens on such Collateral under the security documents associated with any Replacement Credit Facility).

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

Senior Priority Lien means a Lien granted (a) by a Note Collateral Document to the Note Collateral Agent or (b) by an Additional Collateral Document to any Additional Agent for the purpose of securing Senior Priority Obligations.

Senior Priority Lien means any lien on the Collateral created by the Company that is senior to the lien granted to the Securityholders under the Security Agreement and that secures debt permitted under section 4.06(e) of this Indenture, including, but not limited to the liens created under the Secured Credit Facility and under the $130,000,000 Post-Petition Loan and Security Agreement, dated as of June 28, 2006, by and among Silicon Graphics, Inc., Silicon Graphics Federal, Inc., and Silicon Graphics World Trade Corporation, on the one hand, and Morgan Stanley Senior Funding, Inc., Wells Fargo Foothill, Inc., Quadrangle Master Funding Ltd., Watershed Technology Holdings, LLC, and Encore Fund, L.P., on the other hand.”

Senior Priority Lien means (i) with respect to the Second Priority Secured Parties, Permitted Prior Liens and First Priority Liens, and (ii) with respect to the Other Junior Secured Parties, Permitted Prior Liens, First Priority Liens and Second Priority Liens.

Senior Priority Lien means any lien on the Collateral created by the Company that this senior to the lien granted to Securityholders under the Security Agreement and that secures debt permitted under Section 4.06(e) of this Indenture, including, but not limited to the liens created under the Secured Credit Facility.

Senior Priority Lien means a Lien granted (a) by an Original Senior Lien Collateral Document to the Original Senior Lien Agent, [, (b) a [ ]