Subordinate Secured Parties definition

Subordinate Secured Parties means, at any time, the party or parties identified in Schedule A that a Consortium Member has notified in writing to the Operator, the Trustee and Paying Agent and the Account Bank is a secured creditor with respect to such Consortium Member’s share of the Crude Oil Sales Contract Revenues and a beneficiary of the Crude Oil Sales Contract Assignment with respect to such share.
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Subordinate Secured Parties means the Subordinate Agent and the Subordinate Lenders.
Sample 1
Subordinate Secured Parties means the Subordinate Agent and the SubordinateLenders.
Sample 1

Examples of Subordinate Secured Parties in a sentence

  • On April 17, 2015, MDW Pan LLP and the Subordinate Secured Parties entered into the Subordinate Credit Agreement.

  • The Subordinate Secured Parties are granted, pursuant to sections 361(2) and 363(c)(2) of the Bankruptcy Code, a junior priority replacement lien on, and security interest in, all property of each of the Debtors and each such Debtor’s estate, except for the Excluded Collateral.

  • In general, the Subordination Agreement provides for debt subordination, payment subordination, and lien subordination in favor of the Senior Secured Parties and prohibits the Subordinate Secured Parties from taking certain actions in any bankruptcy cases without the consent of the Senior Agent or until such time that the Senior Secured Obligations are paid in full.

  • In a final order only, the Debtors will stipulate that (1) the Subordinate Secured Parties are entitled to all of the rights and benefits of section 552(b) of the Bankruptcy Code and (2) the “equities of the case” exception under section 552(b) of the Bankruptcy Code shall not apply to the Subordinate Secured Parties with respect to proceeds, product, or profits of any of the Prepetition Collateral or Postpetition Collateral. Limited Sale Process.

  • In a final order only, the Debtors will waive any surcharge claim under section 506(c) of the Bankruptcy Code incurred in connection with the preservation, protection or enhancement of, or realization by the Subordinate Secured Parties upon the Postpetition Collateral. 552(b) Waiver.

  • Following good faith negotiations, in exchange for the valuable consideration provided herein, the Senior Agent, the Subordinate Agent, the Debtors and the Committee have agreed to the following treatment for the Subordinate Agent Secured Claim in exchange for, among other things, the agreement of the Subordinate Agent and the other Subordinate Secured Parties to support confirmation of the Plan:  The Subordinate Agent shall not receive any Distribution on account of the Subordinate Agent Secured Claim.

  • Note that in a final order approving the Motion, the Subordinate Secured Parties will seek approval to have senior replacement liens in Avoidance Actions. Junior Replacement Liens.

Related to Subordinate Secured Parties

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Term Loan Secured Parties means the Term Loan Representative, the Term Loan Creditors and any other holders of the Term Loan Obligations.

  • Senior Lender means each holder of a Senior Note.

  • Second Lien Secured Parties means the Indenture Second Lien Secured Parties and the Additional Second Lien Secured Parties.

  • ABL Secured Parties means “Secured Parties” as defined in the ABL Credit Agreement.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Senior Secured Parties means the Credit Agreement Secured Parties and any Additional Senior Debt Parties.

  • Subordinated Creditor means any creditor of Tenant which is a party to a Subordination Agreement in favor of Landlord.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

  • Subordinate Lender means the person or entity named as such in the first paragraph of this Agreement and any other person or entity who becomes the legal holder of the Subordinate Note after the date of this Agreement.

  • First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

  • Second Lien Noteholders means the holders of Second Lien Notes.

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Prepetition Secured Parties means the “Secured Parties” under, and as defined in, the Prepetition Credit Agreement, in each case as amended, modified or supplemented through the Petition Date.

  • Second Lien Loan Documents means the “Loan Documents” as defined in the Second Lien Credit Agreement.

  • Notes Secured Parties means the Trustee, the Collateral Agent and the Holders of the Notes.

  • Secured Parties means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05, and the other Persons the Obligations owing to which are or are purported to be secured by the Collateral under the terms of the Collateral Documents.

  • Second Lien Bank Loan means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

  • Subordinate Obligations means, collectively, the Subordinate Notes and any Other Subordinate Obligations.

  • Senior Representative means, with respect to any series of Permitted First Priority Refinancing Debt, Permitted Second Priority Refinancing Debt or other Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Second Lien Agent means has the meaning assigned to the term “Administrative Agent” in the Second Lien Credit Agreement.

  • Additional First Lien Secured Parties means the holders of any Additional First Lien Obligations and any trustee, authorized representative or agent of such Additional First Lien Obligations.

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.