Senior Security Interests definition

Senior Security Interests shall have the meaning set forth in Section 8.1.7.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Senior Security Interests as defined in Recital E of this Agreement.

Senior Security Interests means the security interests previously granted by the Company to GR Match, LLC (“GRM”) in connection with: (i) the 9% Secured Convertible Promissory Note issued by the Company to GRM payable March 31, 2012; (ii) the Amended and Restated 9% Secured Convertible Promissory Note issued by the Company to GRM and payable March 31, 2012; and (iii) the Media and Marketing Services Agreement between GRM and the Debtor dated and effective as of July 19, 2011.

Examples of Senior Security Interests in a sentence

Subject to the rights of the Senior Creditors, for so long as the Senior Security Interests shall continue, the Secured Party, with the prior written consent of the Senior Creditors, or, at such time as the Senior Obligations shall have been paid in full, in its sole and absolute discretion, may elect to sell or cause the Collateral Agent to sell, the FMARC Collateral on any credit terms which it deems reasonable.
Subject to the rights of the Senior Creditors for so long as the Senior Security Interests shall continue, the Secured Party appoints Harr▇▇ ▇▇▇st and Savings Bank as its Collateral Agent and Harr▇▇ ▇▇▇st and Savings Bank accepts such appointment and agrees to act as Collateral Agent on behalf of the Secured Party to maintain custody and possession of the FMARC Collateral and to perform the other duties of the Collateral Agent in accordance with the provisions of this Pledge Agreement.
Subject to the rights of the Senior Creditors for so long as the Senior Security Interests shall continue, if, at any time, either the Collateral Agent acting on behalf of the Secured Party or the Secured Party notifies the Pledgor that it requires additional stock powers endorsed in blank, the Pledgor shall promptly execute in blank and deliver the requested power to the requesting party.
The Trustee or the Collateral Agent may enter into intercreditor agreements substantially in the form attached hereto as Exhibit E with the holders from time to time of Senior Security Interests in order to define the relative rights and priorities among the Holders of the Securities and the holders of the applicable Senior Obligations in respect of the Collateral.
Subject to any sale or other disposition of the FMARC Collateral pursuant to and in accordance with this Pledge Agreement or the Senior Pledge Agreements, and subject further to the rights of the Senior Creditors for so long as the Senior Security Interests shall continue, the FMARC Collateral shall be returned to the Pledgor on the Final Date.
The term "Senior Security Interests" shall mean any and all properly perfected, valid and enforceable liens existing as of July 11, 1997, of Pledgor to the Senior Creditors securing the Senior Obligations.
The security interest of the Secured Party in and to such additional FMARC Collateral shall be subordinate to the Senior Security Interests for so long as any Senior Obligation shall be outstanding, and for as long as such Senior Security Interests 4 shall continue.
The Collateral Agent shall, subject to the other terms and provisions of this Pledge Agreement and subject to the rights of the Senior Creditors for so long as the Senior Security Interests shall continue, act upon and in compliance with the Secured Party's written instructions delivered pursuant to this Pledge Agreement as promptly as possible following receipt of such written instructions.
Any such issuance shall be subject to the rights of the Secured Party under this Pledge Agreement and the Senior Creditors under the Senior Pledge Agreements for so long as the Senior Security Interests shall continue.
Debtor shall keep the Collateral free from any and all liens other than the Senior Security Interests.

More Definitions of Senior Security Interests

Senior Security Interests means any and all properly perfected, valid and enforceable liens existing as of July 11, 1997, of Pledgor to the Senior Creditors securing the Senior Obligations. The term "Responsible Officer" shall mean when used with respect to the Collateral Agent any officer within its principal corporate trust office located at 311 ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇cluding any Vice President, Managing Director, Assistant Vice President, Secretary, Assistant Secretary or Assistant Treasurer or any other officer of the Collateral Agent customarily performing functions similar to those performed by any of the above designated officers and also, with respect to a particular matter, any other officer to whom such matter is referred because of such officer's knowledge and familiarity with 3 the particular subject.

Senior Security Interests means the existing senior secured indebtedness by Debtor to ▇▇▇▇▇▇ ▇▇▇▇▇ outstanding as of the date hereof or that may accrue hereafter.

Senior Security Interests means the security interests in the Collateral granted under the Senior Pledge Agreement securing the Senior Secured Obligations.

Senior Security Interests means the existing senior secured debt of the Debtor as of the date hereof, which includes any amounts of indebtedness by Debtor to Platinum Partners Credit Opportunities Master Fund, LP, a Delaware limited partnership (“PPCO”) outstanding as of the date hereof or that may accrue hereafter.

Senior Security Interests means (i) the security interest and liens in TSI’s Accounts and Inventory in favor of the Senior Lender and all products and proceeds thereof (including, without limitation, insurance payable by reason of loss or damage to the foregoing collateral) and any property, securities, guaranties or monies of TSI which may at any time come into the possession of the Senior Lender, and (ii) any security interest or lien now existing or hereafter created in PHI’s Accounts or Inventory in favor of the Senior Lender and all products and proceeds thereof (including, without limitation, insurance payable by reason of loss or damage to the foregoing collateral) and any property, securities, guaranties or monies of PHI which may at any time come into the possession of the Senior Lender.

Senior Security Interests means Liens granted to the Senior Lenders pursuant to the Loan Agreement and certain "Loan Documents" (as defined in the Loan Agreement), as in effect on the date hereof or amended as permitted by the Subordination Agreement so that the obligations thereunder constitute Senior Indebtedness.