Third Lien Claimholders definition

Third Lien Claimholders means the “Third Lien Secured Parties” as defined in the Third Lien Loan Documents.
Sample 1Sample 2
Third Lien Claimholders means, at any relevant time, the holders of the Third Lien Obligations at that time, including the Third Lien Lenders and the agents under the Secured Note Facility Documents, provided that, with respect to any vote, consent or other action by the Third Lien Claimholders, “Third Lien Claimholders” shall mean the Third Lien Claimholders acting with such percentage vote as may be required by the Secured Note Facility Documents.
Sample 1
Third Lien Claimholders means, as of any date of determination, the holders of Extended Prepetition Debt in their capacity as such and the Third Lien Agent.
Sample 1

Examples of Third Lien Claimholders in a sentence

  • The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Representatives, the Senior Collateral Agents, the other Senior Claimholders, the Third Lien Representative, the Third Lien Collateral Agent and the other Third Lien Claimholders.

  • Except as otherwise provided herein, the Third Lien Claimholders will be entitled to manage and supervise their respective loans and extensions of credit under the Third Lien Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.

  • Except as otherwise provided herein, the Third Lien Claimholders will be entitled to manage and supervise their respective extensions of credit under the Third Lien Loan Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate.

  • This Agreement shall be binding upon the Senior Representatives, the Senior Collateral Agents, the other Senior Claimholders, the Third Lien Representative, the Third Lien Collateral Agent, the other Third Lien Claimholders, the Company and the other Grantors, and their respective successors and assigns from time to time.

  • Except for the arrangements contemplated by Section 6.5, none of the Senior Representatives, the Senior Collateral Agents or the Senior Claimholders shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Collateral for the benefit of the Third Lien Representative, the Third Lien Collateral Agent or the Third Lien Claimholders.

  • Following the Discharge of Senior Obligations, the Third Lien Collateral Agent and the other Third Lien Claimholders may, subject to any other agreements binding on the Third Lien Collateral Agent or such other Third Lien Claimholders, assert their rights under the UCC or otherwise to any proceeds remaining following a sale, Disposition or other liquidation of Collateral by, or on behalf of the Third Lien Claimholders.

  • This Agreement, the Senior Loan Documents and the Third Lien Loan Documents represent the entire agreement of the Grantors, the Senior Claimholders and the Third Lien Claimholders with respect to the subject matter hereof and thereof, and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof and thereof.

  • This Agreement and the rights and benefits hereof shall inure to the benefit of each of the Senior Claimholders and the Third Lien Claimholders and their respective successors and assigns from time to time.

  • All notices to the Third Lien Claimholders and the Senior Claimholders permitted or required under this Agreement shall be sent to the Third Lien Representative and the applicable Senior Representative, respectively.

  • There are no promises, undertakings, representations or warranties by the Senior Claimholders or the Third Lien Claimholders relative to the subject matter hereof and thereof not expressly set forth or referred to herein or therein.


More Definitions of Third Lien Claimholders

Third Lien Claimholders means, at any relevant time, the holders of Third Lien Obligations at that time, including the Third Lien Holders, the Third Lien Trustee and the other agents under the Third Lien Notes Documents.
Sample 1

Related to Third Lien Claimholders

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Claimholders means each of the First Lien Claimholders and the Second Lien Claimholders.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

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

  • ABL Agent means Bank of America, N.A., in its capacity as administrative agent and collateral agent under the ABL Facility Documentation, or any successor agent or under the ABL Facility Documentation.

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Closing Dates thereof among the Borrower, the other Credit Parties from time to time party thereto, the Second Lien Lenders and the Second Lien Administrative Agent, as the same may be amended, restated and/or modified from time to time subject to the terms thereof.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • 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);

  • 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 Lenders means each of the lenders from time to time under the Senior Credit Agreement.

  • First Lien Credit Agreement has the meaning set forth in the recitals hereto.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

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

  • Priority Lien Cap means, as of any date, the maximum aggregate principal amount of Indebtedness permitted to be incurred by clause (1) of the definition of Permitted Debt. For purposes of this definition, all letters of credit will be valued at the face amount thereof, whether or not drawn.

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Obligations covered hereby, the Initial Second Priority Representative and (ii) in the case of any other Second Priority Debt Facility, the Second Priority Debt Parties thereunder, the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

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

  • 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.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

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

  • Second Lien Lenders means the “Lenders” under and as defined in the Second Lien Credit Agreement.

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

  • ABL Lenders means the “Lenders” under and as defined in the ABL Credit Agreement.

  • Second Lien Collateral Agent means the “Collateral Agent” under and as defined in the Second Lien Credit Agreement.

  • 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;

  • Senior Lender means each holder of a Senior Note.