First Lien Secured Parties definition

First Lien Secured Parties means (i) the Credit Agreement Secured Parties and (ii) the Additional First-Lien Secured Parties with respect to each Series of Additional First-Lien Obligations.

First Lien Secured Parties means the holders of First Lien Obligations, each First Lien Representative and the Collateral Agent.

First Lien Secured Parties means the Initial First Lien Secured Parties and any Additional First Lien Secured Parties.

Examples of First Lien Secured Parties in a sentence

• Each Second Lien Creditor agrees that the grants of Security Interests on the Collateral pursuant to the First Lien Security and the Second Lien Security constitute two separate and distinct grants of Security Interests, that the First Lien Secured Parties and the Second Lien Creditors do not share a “commonality of interest” with respect to their claims, and that the Second Lien Creditors will not object to any such classification.

• Any Security Interest now or hereafter held by or for the benefit of the First Lien Secured Parties (or any of them) shall be senior in right, priority, operation, effect and all other respects to any and all Security Interests now or hereafter held by or for the benefit of the Second Lien Creditors (or any of them).

• In any Insolvency Proceeding which requires the classification of claims of creditors for voting purposes on any proposal under the Bankruptcy and Insolvency Act (Canada) or a plan of compromise, arrangement or reorganization (each, a “Plan”), the parties hereto agree that the Borrowers and the Material Subsidiaries shall establish separate classes for the claims of the First Lien Secured Parties and the Second Lien Creditors in recognition of their different interests.

More Definitions of First Lien Secured Parties

First Lien Secured Parties means the Secured Parties and the Future Secured Debt Secured Parties and any representative on their behalf for such purposes, collectively (other than the holders (and any such representative on their behalf) of any Future Secured Debt Obligations that are secured by a Lien ranking junior to the Lien securing the Obligations).

First Lien Secured Parties means, collectively, (a) First Lien Agent, (b) the First Lien Lenders, (c) the issuing bank or banks of letters of credit or similar instruments under the First Lien Loan Agreement, (d) each other person to whom any of the First Lien Debt (including First Lien Debt constituting Bank Product Obligations) is owed and (e) the successors, replacements and assigns of each of the foregoing; sometimes being referred to herein individually as a “First Lien Secured Party”.

First Lien Secured Parties has the meaning set forth in the Intercreditor Agreement.

First Lien Secured Parties means (a) the Collateral Agent, (b) the Trustee, (c) the “Secured Parties,” as defined in the Senior Credit Facilities, (d) the “Secured Parties,” as defined in the Security Documents and (e) any Additional First Lien Secured Parties.

First Lien Secured Parties the “Secured Parties” as defined in the First Lien Collateral Agreement.

First Lien Secured Parties means (1) the Senior Secured Credit Facility Secured Parties in- cluding the lenders party to the Bilateral Letter of Credit Facilities, (2) the Notes Secured Parties and (3) any Additional First Lien Secured Parties.

First Lien Secured Parties means the Secured Parties and the Permitted Other Indebtedness Secured Parties and any representative on their behalf for such purposes (other than in the case of Permitted Other Indebtedness Secured Parties whose Permitted Other Indebtedness Obligations are secured by a Lien ranking junior to the Lien securing the Obligations, such Permitted Other Indebtedness Secured Parties, the Collateral Agent and any other representative on their behalf), collectively.