Third Lien definition

Third Lien means a Lien granted by a Third Lien Document to the Third Lien Collateral Trustee, at any time, upon any Collateral by any Grantor to secure Third Lien Obligations (including Liens on such Collateral under the security documents associated with any Third Lien Substitute Facility).

Third Lien means the Liens on the Third Lien Collateral in favor of Third Lien Parties under Third Lien Collateral Documents.

Third Lien means a Lien granted by a Secured Debt Document to any trustee, agent or other representative, at any time, on a third priority basis, upon any Collateral of either Company or any other Grantor to secure Subordinated Lien Obligations.

Examples of Third Lien in a sentence

• For purposes of distribution, fractions of New Third Lien Notes, Cram Down Notes and New Common Stock shall be rounded down to the nearest whole number.

• The Tenant may demand the Lessor to surrender those belongings to him.

• On the Effective Date, Lyondell Chemical will authorize and issue the New Third Lien Notes.

• Capitalized terms used herein but not otherwise defined herein shall have the meanings assigned to such terms in the Third Lien Intercreditor Agreement.

• The Court notes that each of the First Lien Lender Group, Wilmington Trust Company, as Indenture Trustee for the Second Lien Notes and Wells Fargo Bank, N.A. as Successor Administrative Agent and Successor Collateral Agent for the Third Lien Lenders has objected to confirmation of the Plan pursuant to section 8(k)(ii) of the credit agreement.

More Definitions of Third Lien

Third Lien means a third-priority perfected security interest in such Collateral, subject to the Intercreditor Agreement or the Arazi/Lancaster Collateral Agreement, as applicable.

Third Lien means a Lien, junior to the Priority Liens and the Second Liens as provided in the Senior Intercreditor Agreement, granted by the Company or any Material Subsidiary in favor of the Collateral Agent for and on behalf of the holders of Third Lien Debt (and any collateral agent or representative in connection therewith), at any time, upon any property of the Company or any Material Subsidiary to secure Third Lien Obligations.

Third Lien means a Lien granted, or purported to be granted, by a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any other Grantor to secure Third Lien Obligations.

Third Lien. Notes As defined in the Restructuring Support Agreement.

Third Lien means a third-priority Lien (subject in priority as permitted under each applicable Secured Debt Document) granted by a Third Lien Document to the Third Lien Collateral Trustee, at any time, upon any Collateral by any Grantor to secure Third Lien Obligations (including Liens on such Collateral under the security documents associated with any Third Lien Substitute Facility).

Third Lien means a Lien granted by a Third Lien Security Document to the Third Lien Collateral Agent for the benefit of the Third Lien Secured Parties, at any time, upon any property of the Company or any other Guarantor to secure Third Lien Obligations.

Third Lien. Mortgages shall mean, collectively, each mortgage, deed of trust, leasehold mortgage, assignment of leases and rents, modifications and any other agreement, document or instrument pursuant to which any Lien on real property is granted to secure any Third Lien Obligations or under which rights or remedies with respect to any such Lien are governed.