Senior Secured Obligations means, (a) with respect to the Term/Notes Priority Collateral, the Second-Priority Lien Obligations and, (b) with respect to the RBL Priority Collateral, the First-Priority Lien Obligations. The First-Priority Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the Second-Priority Lien Obligations shall, collectively, constitute a separate “Class” of Senior Secured Obligations.
Senior Secured Obligations shall have the meaning set forth in the Intercreditor Agreement.
Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by Collateral other than Revolving Facility Senior Collateral), the Senior Fixed Obligations, and (b) with respect to Term Loan Obligations, the Note Obligations and any Series of First Priority Lien Obligations other than Revolving Facility Obligations (to the extent such Obligations are secured by the Revolving Facility Senior Collateral), the Revolving Facility Obligations; all of the foregoing obligations described in clause (a) or clause (b) being a separate “Class” of Senior Secured Obligations.
Examples of Senior Secured Obligations in a sentence
During the effectiveness of a Notice of Default Distribution, any other Secured Party Representative in respect of Senior Secured Obligations (other than the Collateral Trustee) may deliver a separate Notice of Default Distribution, whether or not an event or condition described in clause (i)(a) or (i)(b) of the definition of “Notice of Default Distribution” has occurred or is continuing with respect to such Senior Secured Obligations.
More Definitions of Senior Secured Obligations
Senior Secured Obligations. As defined in the granting clause of the ACOLT Indenture.
Senior Secured Obligations means all obligations payable in respect of the Senior Loans under the Facility Agreement.
Senior Secured Obligations means, collectively, (a) all Senior Credit Facilities Obligations, (b) the Loan Obligations and (c) any Series of Additional Senior Secured Obligations.
Senior Secured Obligations shall have the meaning assigned to the term “Secured Obligations” in the Senior Security Agreement.
Senior Secured Obligations means (a) with respect to the ABL Obligations (to the extent such Obligations are secured by the Notes Priority Collateral), the applicable First-Priority Lien Obligations, and (b) with respect to the First-Priority Lien Obligations (to the extent such Obligations are secured by the ABL Priority Collateral), the ABL Obligations; the First-Priority Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the ABL Obligations shall constitute a separate “Class” of Senior Secured Obligations.
Senior Secured Obligations has the meaning assigned to it in the Collateral Agency Agreement.
Senior Secured Obligations means (i) in the case of FMC, (A) the Obligations, (B) the “Obligations” as defined in the Parent Guaranty and (C) the Astaris Secured Payments, and (ii) in the case of any other Loan Party or Guarantor, the obligations of such Loan Party or Guarantor under the Guaranties and the other Loan Documents to which it is a party.”