Transaction Liens definition

Transaction Liens means the Liens granted by the Lien Grantors under the Security Documents.

Transaction Liens means the Liens on Collateral granted by the Credit Parties under the Security Documents.

Transaction Liens means the Liens granted by the Pledgors under the Security Documents.

Examples of Transaction Liens in a sentence

• Upon the Disposition of any Collateral in a transaction permitted under the Credit Agreement and the other Loan Documents, the Transaction Liens on such Collateral shall be automatically released without further action or consent by the Collateral Agent or any other Person (including any other Secured Party).

• In each case, it will promptly make all Intellectual Property Filings necessary to record the Transaction Liens on such Recordable Intellectual Property.

• On the earlier of (A) the Final Payment Date or (B) the date on which the requisite percentage of the Lenders have approved the release of the Transaction Liens in accordance with Section 10.02 of the Credit Agreement, the Transaction Liens shall be fully and automatically released without further action by the Collateral Agent or any other Person (including any other Secured Party), and all rights to the Collateral shall revert to the applicable Grantor.

• When such Mortgages have been duly recorded, such Transaction Liens will rank prior to all other Liens (except Permitted Liens) on such Real Property Collateral.

• Notwithstanding the foregoing, no Secured Party other than the Collateral Agent shall have the right to take any Enforcement Action with respect to the Collateral or the Subsidiary Guarantee Agreement or seek to exercise and enforce the Transaction Liens, and all such Enforcement Actions shall be effected solely through the Collateral Agent.

More Definitions of Transaction Liens

Transaction Liens means the Liens granted by the Grantors to the Collateral Agent under the Security Documents.

Transaction Liens the Liens on Collateral granted by the Loan Parties under the Security Documents.

Transaction Liens means the first priority Liens granted by the Grantors under the Security Documents.

Transaction Liens means the Liens granted by the Grantors under this Agreement.

Transaction Liens means Liens on Collateral granted by the Company and the Subsidiary Guarantors under the Security Documents.

Transaction Liens the Liens granted by the Grantors under the Security Documents.

Transaction Liens means Liens imposed by Applicable Law for current Taxes or governmental assessments, charges or claims not yet due and payable (or for current Taxes that may thereafter be paid without penalty or interest), which arise as a consequences of the transactions contemplated by this Agreement and which will be released following payments and filings to be made by Seller as required under this Agreement.