Term Loan Liens definition

Term Loan Liens means the Liens and security interests granted by the Loan Parties to Term Loan Agent to secure the Term Loan Debt under the Term Loan Documents.

Term Loan Liens means the Liens on the Collateral in favor of the Term Loan Claimholders under Term Loan Collateral Documents.

Term Loan Liens means all Liens on the Collateral securing the Term Loan Obligations, whether created under the Term Loan Collateral Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise and whether or not created following the commencement of any Insolvency or Liquidation Proceeding, now or hereafter held by or on behalf of the Term Loan Agent or any other Term Loan Secured Party, or any agent or trustee therefor.

Examples of Term Loan Liens in a sentence

• In the event that any ABL Secured Party becomes a judgment lien creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Term Loan Liens and the Term Loan Obligations) to the same extent as all other Liens securing the ABL Obligations are subject to the terms of this Agreement.

• In the event that any ABL Secured Party becomes a judgment lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the Term Loan Liens and the Term Loan Obligations) to the same extent as all other Liens securing the ABL Obligations are subject to the terms of this Agreement.

• All Term Loan Liens will remain attached to, and enforceable against all Proceeds so held or remitted, subject to the priorities set forth in this Agreement.

• For the avoidance of doubt, (i) the Prepetition Liens shall be junior to the (A) Carve-Out; (B) DIP Liens; (C) Priority Indemnity Liens; and (D) the Adequate Protection Liens described below; (ii) the Prepetition Revolver Liens are junior to the Prepetition Permitted Revolver Liens; and (iii) the Prepetition Term Loan Liens are junior to the Prepetition Permitted Liens.8. DIP Superpriority Claims.(a) Working Capital Superpriority Claim.

• The ABL Representative, on behalf of itself and the other ABL Secured Parties, further agrees that, prior to the Term Loan Obligations Payment Date, none of them shall assert or enforce any claim under Section 506(c) of the Bankruptcy Code or otherwise that is senior to or on a parity with the Term Loan Liens for costs or expenses of preserving or disposing of any Term Loan Priority Collateral.

More Definitions of Term Loan Liens

Term Loan Liens means Liens permitted under Section 8.02(n) in favor of the Term Loan Agent pursuant to the Term Loan Documents to secure the Term Loan Obligations.

Term Loan Liens means any Liens securing the Term Loan Obligations.

Term Loan Liens all Liens in favor of the Collateral Agent on Collateral securing the Obligations.

Term Loan Liens is defined in the May 1998 Amendment Agreement.

Term Loan Liens means all Liens in favor of the Term Loan Collateral Agent on Col- lateral securing the Term Loan Obligations.

Term Loan Liens means any Lien securing the Term Loan Obligations (as such term is defined in the Intercreditor Agreement).

Term Loan Liens means the Liens granted by the Loan Parties pursuant to the Security Documents on all or any portion of the Collateral in support of the Borrower’s, Holdings’ and each other Loan Party’s Term Loan Obligations, which Liens shall rank Equally and Ratably with the Liens securing the obligations in respect of the Loan Documents.