First Priority Liens definition
First Priority Liens means all Liens that secure the First Priority Lien Obligations.
First Priority Liens means all Liens on the First Lien Collateral securing the First Lien Obligations, whether created under the First Lien Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.
First Priority Liens means all Liens that secure First-Priority Obligations.
Examples of First Priority Liens in a sentence
Notwithstanding the foregoing, it is understood that the Trustee shall have no obligation to direct the First Lien Collateral Agent to take any action to protect or enforce the First Priority Liens absent the written direction of the Holders.
More Definitions of First Priority Liens
First Priority Liens shall have the meaning assigned to such term in the Intercreditor Agreement.
First Priority Liens means the Liens securing the Note Obligations.
First Priority Liens means Liens securing the First Lien Obligations, which Liens are superior and prior in priority to the Liens securing the Junior Lien Obligations.
First Priority Liens means all Liens in favor of the collateral agents on Collateral securing the First Priority Obligations.
First Priority Liens means the Liens securing the Obligations of the Issuer in respect of the Securities and this Indenture.
First Priority Liens means any Liens created by the Company or any of the Guarantors on the Collateral securing any First Lien Indebtedness.
First Priority Liens means all Liens that secure the First Priority Notes Obligations.