Third Priority Creditors definition

Third Priority Creditors means the “Holders” as defined in the Third Priority Agreement, or any Persons that are designated under the Third Priority Agreement as the “Third Priority Creditors” for purposes of this Agreement.
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Third Priority Creditors means, with respect to any series, issue or class of Third Priority Debt, the holders or lenders of such Third Priority Debt.
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Third Priority Creditors means the “Holders”, as defined in the Third Priority Debt Agreement.
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Examples of Third Priority Creditors in a sentence

  • Until the First Priority Debt has been Paid in Full, the First Priority Creditor, or any agent or trustee therefore, shall have the exclusive right to exercise rights and remedies with respect to the Collateral without any consultation with or the consent of either the Second or Third Priority Creditors.

  • Thereafter, until the Second Priority Debt has been Paid in Full, the Second Priority Creditor, or any agent or trustee therefore, shall have the exclusive right to exercise rights and remedies with respect to the Collateral without any consultation with or the consent of the Third Priority Creditors.


More Definitions of Third Priority Creditors

Third Priority Creditors means the PIK Holders, or any Persons that are designated under the Third Priority Agreement as the “Third Priority Creditors” for purposes of this Agreement.
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Related to Third Priority Creditors

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

  • First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

  • 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);

  • Notes Priority Collateral has the meaning set forth in the Intercreditor Agreement.