First Lien Notes Secured Parties definition
Examples of First Lien Notes Secured Parties in a sentence
The Trustee shall have, for its benefit and the benefit of the First Lien Notes Secured Parties, subject to certain liens of the Escrow Agent, a first-priority security interest in the Escrow Account to secure the payment of the Special Mandatory Redemption Price of the Notes; provided, however, that such liens and security interest shall automatically be released and terminate at such time as the Escrowed Property is released from the Escrow Account on the Completion Date.
Subject to the provisions of the First Lien Intercreditor Agreement and the Junior Lien Intercreditor Agreement, if any, the Trustee is authorized to receive any funds for the benefit of the First Lien Notes Secured Parties distributed under the Notes Collateral Documents, and to make further distributions of such funds according to the provisions of this Indenture.