Intervening Creditor definition

Intervening Creditor has the meaning assigned to such term in Section 2.01(a).

Intervening Creditor shall have the meaning assigned to such term in Section 2.01(a).

Intervening Creditor shall have the meaning assigned to such term in Section 2.01.

Examples of Intervening Creditor in a sentence

• In furtherance of the foregoing, in the event First Lien Obligations of any Class shall be subject to an Impairment in the form of an Intervening Lien of any Intervening Creditor, the value of any Shared Collateral or Proceeds that are allocated to such Intervening Creditor shall be deducted solely from the Shared Collateral or Proceeds to be distributed in respect of First Lien Obligations of such Class.

• In furtherance of the foregoing, in the event First Lien Obligations of any Class of Pari Passu Lien Indebtedness shall be subject to an Impairment in the form of an Intervening Lien of any Intervening Creditor, the value of any Shared Collateral or Proceeds that are allocated to such Intervening Creditor shall be deducted solely from the Shared Collateral or Proceeds to be distributed in respect of First Lien Obligations of such Class.

• In furtherance of the foregoing, in the event First Lien Obligations of any Class of First Lien Obligations shall be subject to an Impairment in the form of an Intervening Lien of any Intervening Creditor, the value of any Shared Collateral or Proceeds that are allocated to such Intervening Creditor shall be deducted solely from the Shared Collateral or Proceeds to be distributed in respect of First Lien Obligations of such Class.

• In furtherance of the foregoing, in the event Pari Passu Lien Obligations of any Class of Pari Passu Lien Obligations shall be subject to an Impairment in the form of an Intervening Lien of any Intervening Creditor, the value of any Shared Collateral or Proceeds that are allocated to such Intervening Creditor shall be deducted solely from the Shared Collateral or Proceeds to be distributed in respect of Pari Passu Lien Obligations of such Class.

• In furtherance of the foregoing, in the event the Secured Obligations of a Class shall be subject to an Impairment in the form of an Intervening Lien of any Intervening Creditor, the value of any Collateral or Proceeds that are allocated to such Intervening Creditor shall be deducted solely from the Collateral or Proceeds to be distributed in respect of the Secured Obligations of such Class.

More Definitions of Intervening Creditor

Intervening Creditor has the meaning set forth in Section 2.1(b)(i).

Intervening Creditor shall have the meaning set forth in Section 4.1(g).

Intervening Creditor shall (a) with respect to the Senior Priority Obligations, have the meaning specified in Section 4.1(f), and (b) with respect to the Junior Priority Obligations, have the meaning specified in Section 4.1(h).

Intervening Creditor has the meaning set forth in Section 2.7.

Intervening Creditor shall have the meaning assigned to such term in Section 4.01(a).

Intervening Creditor has the meaning set forth in Section 3.5(e).

Intervening Creditor has the meaning assigned to such term in Section 2.01(a). “Joinder Agreement” means a joinder to this Agreement substantially in the form of Annex II hereto.