Senior Secured Party definition

Senior Secured Party means any Senior Lender.

Senior Secured Party has the meaning assigned to such term in the Collateral and Intercreditor Agreement.

Senior Secured Party means each “Secured Party” under and as defined in the Senior Lien Credit Agreement , each lender, issuer, agent and other secured party under any Post-Petition Financing and each other holder of Senior Lien Obligations, in each case other than the Senior Lien Administrative Agent.

Examples of Senior Secured Party in a sentence

• Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the asserting by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

• Nothing contained herein shall, except as expressly provided herein, prohibit or in any way limit any Senior Representative or any other Senior Secured Party from objecting in any Insolvency or Liquidation Proceeding or otherwise to any action taken by any Second Priority Debt Party, including the seeking by any Second Priority Debt Party of adequate protection or the assertion by any Second Priority Debt Party of any of its rights and remedies under the Second Priority Debt Documents or otherwise.

• Neither any Senior Representative nor any other Senior Secured Party shall have any duty to any Second Priority Representative or Second Priority Debt Party to act or refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreement with the Borrower or any Subsidiary (including the Second Priority Debt Documents), regardless of any knowledge thereof that they may have or be charged with.

• No failure by any Senior Secured Party to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Financing Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

• Each Second Priority Representative, for itself and on behalf of each Second Priority Debt Party under its Second Priority Debt Facility, waives any claim it may hereafter have against any senior claimholder arising out of the election by any Senior Secured Party of the application of Section 1111(b)(2) of the Bankruptcy Code.

More Definitions of Senior Secured Party

Senior Secured Party means each holder from time to time of the Senior Obligations.

Senior Secured Party shall have the meaning given to such term in Section 1.1 of the Intercreditor Agreement.

Senior Secured Party means the “Secured Party” as defined in the Senior Mortgage.

Senior Secured Party means each Senior Secured Creditor, the P1 Intercreditor Agent, the P1 Collateral Agent, and the P1 Accounts Bank.

Senior Secured Party. MEANS COBANK, ACB, AS THE ADMINISTRATIVE AGENT UNDER THE LOAN AGREEMENT REFERRED TO IN THE SENIOR SECURITY AGREEMENT (THE "SENIOR LOAN AGREEMENT"), THE BANKS UNDER THE SENIOR LOAN AGREEMENT, AND EACH OF THEM, AND ANY ONE OR MORE OF THEM.

Senior Secured Party means any commercial lending institution or bank and any investment entity or person that loans, invests, makes available any credit instrument for operation of Borrower's business, or commits to perform any of the foregoing, in an amount of not less than Three Million Dollars ($3,000,000) in the aggregate. A list of each Senior Secured Party as of the Effective Date is attached in Annex 6.

Senior Secured Party means JP Morgan Chase Bank, N.A.