Senior Security Interest definition

Senior Security Interest means any security interest in or lien on the “Collateral” (as defined in the Senior Loan Agreement) in favor of Lender arising from the Senior Debt.

Senior Security Interest means the first priority security interest in the Pledged Collateral created pursuant to the Pledge Agreement of even date herewith between GECC, as agent under the Credit Agreement (as defined below) for the benefit of the lenders party thereto, and the Pledgor (the "Senior Pledge Agreement").

Senior Security Interest means the security interest in the Collateral granted to the Senior Lender which is senior to the security interest granted to the Secured Party hereunder. Except as otherwise provided herein or defined in the Note, all other terms used in this Security Agreement shall have the meanings given under Chapter 9.1 of the Indiana Uniform Commercial Code, or in any other article if not defined in Chapter 9.1.

Examples of Senior Security Interest in a sentence

• Junior Creditor hereby subordinates to Senior Creditor any security interest or lien that Junior Creditor may have in any assets or property of Borrower to and in favor of the Senior Security Interest.

• Such Security Interest shall be subject to the prior lien and security interest granted under the Revolving Loan Documentation as security for the payment or performance, as the case may be, in full of the Revolver Obligations (the "Senior Security Interest").

• For the avoidance of doubt (and in each place where this agreement makes reference to Liens permitted pursuant to Section 6.02 of the Indenture), the Senior Security Interest shall be considered a Lien expressly permitted pursuant to Section 6.02 of the Indenture.

• B The Grantor and Credit Agreement Collateral Agent have entered into the Senior Security Interest Agreement pursuant to the terms of the Credit Agreement (as defined below).

• Each Guarantor covenants with Purchasers and Agent that such Guarantor shall not grant any security interest in or permit any lien, claim or encumbrance upon any of its assets in favor of any person or entity other than liens and security interests in favor of Purchasers and Agent and the Senior Security Interest and/or Permitted Indebtedness.

More Definitions of Senior Security Interest

Senior Security Interest means any security interest in or Subordination Agreement – BioMed / Zosano Pharma -1-

Senior Security Interest means the security interest in and lien on the Collateral granted by the Corporation to the Secured Party under the Senior Security Agreement (as defined in the Indenture).

Senior Security Interest means the Security Interest as defined in and provided for by the Senior Pledge Agreement.

Senior Security Interest in respect of any sums secured or owed to the First Creditor pursuant to the Assignment and Senior Security Interest in respect of any sums secured or owed to the Second Creditor pursuant to the Purchase Agreement PARI PASSU and PRO-RATA in proportion to each the First and Second Creditors' contribution to the Senior Security Interest Purchase Price;

Senior Security Interest has the meaning set forth in Section 2.01(a).

Senior Security Interest means the first-priority security interests in the Collateral granted pursuant to the Senior Security Agreement by the Grantors to the Senior Collateral Agent, for the ratable benefit of the Senior Secured Parties to secure the payment and performance of the Senior Obligations.

Senior Security Interest means and includes any perfected security interest granted in connection with a Permitted Financing Transaction.