First Lien Security Interest definition

First Lien Security Interest in account no. ______ maintained by the Securities Intermediary for the Grantor (the “Account”).
View Source
First Lien Security Interest shall have the meaning assigned to such term in Section 3.01.
View Source
First Lien Security Interest in all right, title or interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such Grantor or in which such Grantor now has or at any time in the future may acquire any right, title or interest (but excluding any Excluded Collateral, collectively, the “First-Lien Collateral”):
View Source

Examples of First Lien Security Interest in a sentence

  • Each of the Senior Note Purchasers appoints and authorizes Sankaty Advisors, LLC to act for the Senior Note Purchasers as the First Lien Collateral Agent in connection with the granting of a First Lien Security Interest in the Collateral as contemplated by this Agreement and the Collateral Documents on the terms set forth in the Collateral Documents.

  • IMA and IMA Limited acknowledge that they are validly indebted to Secured Party under the Loan and Security Agreement, as amended hereby, without defense, counterclaim or offset and that all obligations of IMA and IMA Limited thereunder and under the Notes continue to be secured by a valid, perfected First Lien Security Interest in the collateral.

  • Notice and Confirmation of Grant of First Lien Security Interest in Trademarks U.S. Patent and Trademark Office 1519 S.


More Definitions of First Lien Security Interest

First Lien Security Interest means any Lien on the First Lien Collateral granted in favor of the Collateral Agent for the benefit of the First Lien Claimholders, including under Section 3(i) of the Security Agreement.
View Source

Related to First Lien Security Interest

  • First Lien Security Documents means the Security Documents and any other agreement, document or instrument pursuant to which a lien is granted or purported to be granted securing First Lien Obligations or under which rights or remedies with respect to such liens are governed, in each case to the extent relating to the collateral securing the First Lien Obligations.

  • Priority Lien Security Documents means the Priority Credit Agreement (insofar as the same grants a Lien on the Collateral), each agreement listed in Part A of Exhibit B hereto, and any other security agreements, pledge agreements, collateral assignments, mortgages, deeds of trust, control agreements, or grants or transfers for security, now existing or entered into after the date hereof, executed and delivered by the Borrower or any other Grantor creating (or purporting to create) a Lien upon Collateral in favor of the Priority Lien Agent (including any such agreements, assignments, mortgages, deeds of trust and other documents or instruments associated with any Priority Substitute Credit Facility).

  • 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 Security Agreement means the “Security Agreement” as defined in the First Lien Credit Agreement.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations, each Priority Lien Representative and the Collateral Trustee.