{"component": "definition", "props": {"groups": [{"snippet_links": [{"key": "created-by", "type": "definition", "offset": [15, 25]}, {"key": "first-priority-security-documents", "type": "definition", "offset": [30, 63]}], "samples": [{"hash": "4VhreMaOgY2", "uri": "/contracts/4VhreMaOgY2#first-priority-lien", "label": "Intercreditor Agreement (Party City Holdco Inc.)", "score": 34.7768669128, "published": true}, {"hash": "eA1nRxZHutm", "uri": "/contracts/eA1nRxZHutm#first-priority-lien", "label": "Credit Agreement (Rivian Automotive, Inc. / DE)", "score": 32.8056144714, "published": true}, {"hash": "7tZLF0tGLrG", "uri": "/contracts/7tZLF0tGLrG#first-priority-lien", "label": "Intercreditor Agreement (Endo International PLC)", "score": 31.4558525085, "published": true}], "size": 53, "snippet": "means any Lien created by the First Priority Security Documents.", "hash": "fb0847c0d024f001b6f89da52518ef8f", "id": 1}, {"snippet_links": [{"key": "type-of", "type": "definition", "offset": [22, 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"/contracts/56qjkblkV48#first-priority-lien", "label": "Credit Agreement (ATD Corp)", "score": 25.6926765442, "published": true}, {"hash": "3DI0VhcYUE2", "uri": "/contracts/3DI0VhcYUE2#first-priority-lien", "label": "Credit Agreement (ATD Corp)", "score": 25.6297054291, "published": true}, {"hash": "b28SYWYJewD", "uri": "/contracts/b28SYWYJewD#first-priority-lien", "label": "Credit Agreement (ATD Corp)", "score": 25.5612602234, "published": true}], "size": 11, "snippet": "means any Lien on any asset of any U.S. Loan Party that is granted under the Senior Secured Notes Security Documents and that, pursuant and subject to the provisions of the Intercreditor Agreement, is senior in priority to the Liens of the Agent on the U.S. Collateral.", "hash": "cc0dce8aa3be61ff48694eb567e4afb0", "id": 8}, {"snippet_links": [{"key": "created-by", "type": "definition", "offset": [15, 25]}, {"key": "first-priority-documents", "type": "definition", "offset": [30, 54]}], "samples": [{"hash": 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Senior Secured Notes Indenture, the Credit Agreement, the Other <strong>First Priority Lien</strong> Obligations Credit Documents, the other relevant Senior Lender Documents or the other relevant Second Priority Documents, as applicable.", "For all purposes hereof and the Intercreditor Agreement, the Issuer hereby designates the Obligations pursuant to the Credit Agreement as in effect on the Issue Date as <strong>First Priority Lien</strong> Obligations.", "For all purposes hereof and the Intercreditor Agreements, the Issuer hereby designates the Obligations pursuant to the Credit Agreements as in effect on the Issue Date as <strong>First Priority Lien</strong> Obligations and designates the Note Obligations as <strong>First Priority Lien</strong> Obligations (as defined in each Existing Second Priority Notes Indenture).", "It will maintain a <strong>First Priority Lien</strong> in the Collateral for the benefit of the Secured Parties, their successors, transferees and assigns.", "The Borrowers, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grant to the Administrative Agent, for the benefit of L/C Issuer, and agree to maintain, a <strong>First Priority Lien</strong> in all such Cash Collateral as security for the Defaulting Lenders\u2019 obligation to fund participations in respect of Letters of Credit, to be applied pursuant to clause (ii) below.", "The Intercreditor Agreements shall define the relative rights, as lienholders, of holders of Note Obligations and Other Second-Lien Obligations on the one hand and holders of <strong>First Priority Lien</strong> Obligations on the other hand.", "If so permitted, as a condition precedent to the effectiveness of such designation, the applicable Other <strong>First Priority Lien</strong> Obligations Agent or the administrative agent or trustee and collateral agent for such Future Second Lien Indebtedness shall execute and deliver to each First Lien Agent and Second Priority Agent, a joinder agreement to this Agreement in form and substance reasonably satisfactory to the Credit Agreement Agent.", "In furtherance of Section 2.03, prior to the Discharge of First Lien Obligations, if the New Third Lien Obligations are secured by assets of the Grantors that do not also secure the First Lien Obligations, the applicable Grantors shall promptly grant a <strong>First Priority Lien</strong> on such assets to secure the First Lien Obligations.", "If the new Term Obligations under the new Term Documents are secured by assets of the Grantors of the type constituting ABL Priority Collateral that do not also secure the ABL Obligations, then the ABL Obligations shall be secured at such time by a <strong>First Priority Lien</strong> on such assets to the same extent provided in the ABL Security Documents with respect to the other ABL Priority Collateral.", "Guarantors have agreed to guarantee the obligations of Borrower hereunder and to secure their respective Obligations by granting to Collateral Agent, for the benefit of Secured Parties, a <strong>First Priority Lien</strong> on substantially all of their respective assets, including a pledge of all of the Equity Interests of each of their respective Domestic Subsidiaries (including Borrower) subject to the terms of the Pledge and Security Agreement."], "related": [["first-priority-liens", "First Priority Liens", "<strong>First Priority Liens</strong>"], ["second-priority-lien", "Second Priority Lien", "Second Priority Lien"], ["second-priority-liens", "Second Priority Liens", "Second Priority Liens"], ["priority-lien", "Priority Lien", "Priority Lien"], ["first-priority-lien-obligations", "First Priority Lien Obligations", "<strong>First Priority Lien</strong> Obligations"]], "related_snippets": [], "updated": "2026-02-20T04:24:22+00:00"}, "json": true, "cursor": ""}}