First Priority Lenders definition

First Priority Lenders means the lenders from time to time party to the Credit Agreement, together with their respective successors and assigns; provided that the term “First Priority Lender” shall in any event also include each letter of credit issuer and swingline lender under the Credit Agreement.

First Priority Lenders means, with respect to (a) any ABL Priority Collateral, the ABL Lenders and (b) any Term Loan Priority Collateral, the Term Loan Lenders.

First Priority Lenders means the Lenders under and as defined in the First Priority Loan Documents.

Examples of First Priority Lenders in a sentence

• The automatic stay shall be lifted on the Effective Date and the First Priority Lenders shall have the right to exercise their rights under their existing loan documents.

• With respect to any portion of the Common Collateral, except as expressly set forth in Section 5.5, neither the First Priority Agent nor the First Priority Lenders shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Common Collateral for the benefit of the Second Priority Agent and the Second Priority Lenders.

• The Prepetition Agents, the First Priority Lenders and the Second Priority Lenders are permitting the use of their Cash Collateral in good faith.

• However, it is the opinion of the Debtors that value of the property in its current condition or its value if the property were put up for sale at a foreclosure sale would be insufficient to provide payment to any creditors but the existing First Priority Lenders.

• First Priority Lenders) properly perfected their security interests and liens in and on the Prepetition Collateral, and (c) the First Priority Liens (i) constitute valid, binding, enforceable and perfected first priority security interests and liens on the Prepetition Collateral and (ii) are not subject to avoidance, reduction, disallowance, impairment or subordination by the Debtors pursuant to the Bankruptcy Code or applicable non-bankruptcy law.

More Definitions of First Priority Lenders

First Priority Lenders means the Persons holding First Priority Claims, including the Credit Agent.

First Priority Lenders means the “Lenders” as defined in the First Priority Agreement, or any Persons that are designated under the First Priority Agreement as the “First Priority Lenders” for purposes of this Agreement.

First Priority Lenders means, with respect to (a) any ABL Priority Collateral, the ABL Lenders, and (b) any Term Loan Priority Collateral, the Term Loan Lenders.

First Priority Lenders has the meaning set forth in the first WHEREAS clause of this Agreement.

First Priority Lenders means the “Lenders” from time to time party to, and as defined in, the First Priority Credit Agreement, together with their respective successors and assigns; provided that the term “First Priority Lender” shall also include each letter of credit issuer and swingline lender under the First Priority Credit Agreement, any affiliate of a Lender that is a holder of First Priority Obligations and the “Issuing Bank,” the “Swingline Lender,” the “Administrative Agent” and the “Syndication Agent,” or similar agency position thereof, under (and each as defined in) the First Priority Credit Agreement and any other lender or investor that is a holder of a First Priority Obligation.

First Priority Lenders has (so long as the Intercreditor Agreement is in effect) the meaning set forth in the Intercreditor Agreement.

First Priority Lenders means, with respect to the Senior Priority Collateral, the Senior Lenders, and with respect to the Term Priority Collateral, the Term Lenders.