Subordinate Liens definition

Subordinate Liens means all liens, security interests and assignments with respect to the Collateral securing payment or performance of the Borrowers’ obligations to Arrowhead for Subordinated Debt.

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Subordinate Liens means (A) with respect to the General Collateral, Liens of the type described in clauses (b), (c), (g), (h), (k), (l), (m), (n), (o), (p), (q), (r), (s) and (u) of the definition of Permitted Liens and (B) with respect to all other Pledged Collateral, Liens of the type described in clause (b) of the definition of Permitted Liens.

Subordinate Liens means (A) with respect to the General Collateral, Permitted Liens applicable to such Pledged Collateral (provided, however, that with respect to Liens of the type described in clauses (a) and (b) of the definition of Permitted Liens, such applicable Pledgor shall comply with the provisions of subsection 5(o) of this Agreement) and (B) with respect to all other Pledged Collateral, Liens of the type described in clauses (a) and (l) of the definition of Permitted Liens (provided, however, that with respect to Liens of the type described in clauses (a) and (l) of the definition of Permitted Liens, such applicable Pledgor shall comply with the provisions of subsection 5(o) of this Agreement).

Examples of Subordinate Liens in a sentence

• Pledgor will maintain good title to all Collateral free and clear of all Liens, except for (i) the first priority security interest created by this Agreement, and (ii) Permitted Subordinate Liens.

• The taking possession by Pledgee (for the benefit of Lenders) of all certificates, instruments and cash constituting Collateral from time to time and the filing of the financing statements delivered concurrently herewith by Pledgor to Pledgee will perfect Pledgee's security interest hereunder in the Collateral securing the Obligations, subject to no Liens other than Permitted Subordinate Liens.

• Secured Party further agrees that any and all Subordinate Liens shall be and remain expressly subject and subordinate to any renewal, extension, refinancing, consolidation, modification or supplement of the liens, rights, titles and interests of the Senior Liens, as well as any and all increases thereof.

• Authorization to Release, Limit or Subordinate Liens or to Release Guaranties 107 Section 9.13.

• Pledgor will cause to be terminated any financing statement or other registration with respect to the Collateral, except such as may exist or as may have been filed in favor of (or otherwise assigned to) Pledgee or with respect to Permitted Subordinate Liens.

• Pledgor has good and marketable title to the Collateral free and clear of all Liens, encumbrances or adverse claims, except for the Lien created by this Agreement and Permitted Subordinate Liens.

• Pledgor has and will have at all times full right, power and authority to grant a security interest in the Collateral to Pledgee in the manner provided herein, free and clear of any Lien other than Permitted Subordinate Liens.

• Except for the Liens granted to the Lender pursuant to the Facility Agreements and any Subordinate Liens consented to by the Lender in writing, Borrower owns each item of the Collateral free and clear of any and all Liens or claims of others.

• Authorization to Release, Limit or Subordinate Liens or to Release Guaranties 92 Section 11.13.

• Borrower has good title to all property listed on ------------- Schedule A annexed hereto subject to no Lien other than the Liens held by Lender which will be first perfect Liens covering such property and the Permitted Subordinate Liens covered by the Subordination Agreements.

More Definitions of Subordinate Liens

Subordinate Liens means (A) with respect to the General Collateral, Liens of the type described in clauses (b), (c), (d), (f), (g) and (h) of the definition of Permitted Liens and Liens of the type described in SUBSECTION 5[(D)] of this Agreement (PROVIDED, HOWEVER, that such Pledgor shall comply with the provisions of SUBSECTION 5(O) of this Agreement) and (B) with respect to all other Pledged Collateral, Liens of the type described in SUBSECTION 5(O) of this Agreement (PROVIDED, HOWEVER, that such Pledgor shall comply with the provisions of SUBSECTION 5(O) of this Agreement).

Subordinate Liens means Liens in favor of Lender, securing all or any portion of the Obligation, including, but not limited to, Rights in any Collateral created in favor of Lender, whether by mortgage, pledge, hypothecation, assignment, transfer, or other grant or creation of Liens.

Subordinate Liens has the meaning set forth in Section 5.8.

Subordinate Liens means all liens, security interests, pledges, hypothecations, mortgages and other security devices (except for the Letter of Credit) now or at any time hereafter securing the Subordinate Obligations.

Subordinate Liens means the Liens which are subject to the Velt▇▇ ▇▇▇ordination Agreement.