Senior Secured Parties definition

Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.
Senior Secured Parties means (a) with respect to the ABL Priority Collateral, all ABL Secured Parties and (b) with respect to the Term Loan Priority Collateral, all Term Loan Secured Parties.

Examples of Senior Secured Parties in a sentence

  • As provided for in the Final Order, on the Maturity Date, the Senior Secured Parties shall be entitled to immediate payment of all outstanding Obligations without further application to or order of the Bankruptcy Court.

  • Each Guarantor hereby guarantees to the Senior Secured Parties the performance and prompt payment in full when due (whether at stated maturity, upon acceleration, upon any optional or mandatory prepayment or otherwise) of the Guaranteed Obligations in each case strictly in accordance with their terms.

  • None of the Loan Parties shall issue any Equity Interests unless such Equity Interests are immediately pledged to the Collateral Agent (for the benefit of the Senior Secured Parties) on a first priority perfected basis.


More Definitions of Senior Secured Parties

Senior Secured Parties shall have the meaning given such term in the Intercreditor Agreement.
Senior Secured Parties has the meaning ascribed to such term in the Collateral Agency and Accounts Agreement.
Senior Secured Parties means Agent, Senior Lenders and Bank Product Providers.
Senior Secured Parties means the ABL Secured Parties and the Term Secured Parties, collectively.
Senior Secured Parties shall have the meaning assigned to the termSecured Parties” in the Senior Security Agreement.