Junior Claimholders means, with respect to the ABL Priority Collateral, the Term Loan Claimholders, and with respect to the Term Loan Priority Collateral, the ABL Claimholders.
Junior Claimholders means, as to any Collateral, the Claimholders whose Liens on such Collateral are junior and subordinate to the Liens of the other Claimholders on such Collateral pursuant to the terms of this Agreement. The parties hereto acknowledge that the Revolving Claimholders are the Junior Claimholders with respect to the Term Priority Collateral and the Term Claimholders are the Junior Claimholders with respect to the Revolving Priority Collateral, and that, accordingly, any reference herein to the “Junior Claimholders” shall be construed as a reference to the Revolving Claimholders insofar as the Term Priority Collateral is concerned and to the Term Claimholders insofar as the Revolving Priority Collateral is concerned.
Examples of Junior Claimholders in a sentence
The Junior Claimholders shall not object to, oppose, support any objection, or take any other action to impede, the right of any Priority Claimholder to make an election under Section 1111(b)(2) of the Bankruptcy Code (or similar provision of Bankruptcy Law).
The Junior Claimholders waive any claim they may hereafter have against any Priority Claimholder arising out of the election by any Priority Claimholder of the application of Section 1111(b)(2) of the Bankruptcy Code (or similar provision of Bankruptcy Law).
More Definitions of Junior Claimholders
Junior Claimholders means, at any relevant time, the holders of Junior Lien Obligations at that time, including Junior Creditors and Junior Agent, and any agents or trustee of any of the foregoing persons and each Permitted Additional Junior Lien Obligations Representative.
Junior Claimholders means, with respect to the ABL Priority Collateral, the Term Claimholders, and with respect to the Term Priority Collateral, the ABL Claimholders. “Junior Collateral” means, with respect to the ABL Debt, all Term Priority Collateral, and with respect to the Term Debt, all ABL Priority Collateral. “Junior Debt” means, with respect to the ABL Priority Collateral, the Term Debt, and with respect to the Term Priority Collateral, the ABL Debt. “Letters of Credit” means the “Letters of Credit”, as that term is defined in the ABL Credit Agreement. “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or preference, priority or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing). “Loan Documents” means ABL Documents or Term Documents, as the context requires. “Loan Parties” has the meaning specified in the recitals to this Agreement. “Material Owned Real Property” means (i) as of the date of this Agreement, all Real Property consisting of a fee or surface estate located in Tuscaloosa County or Jefferson County, Alabama owned by Holdings or any other Grantor that is essential to Holdings’ mine plan or surface operations (including the transportation and/or shipping of coal, support for mining activities and maintenance of underground and surface equipment) for the period from the date hereof to December 1, 2028 as determined by Holdings on the date hereof in its reasonable judgment, as set forth on the Schedule of Owned Real Property attached as Schedule 10(a) to the Term Security Agreement, and (ii) any other Real Property consisting of a fee or surface estate that Holdings or any other Grantor acquires an ownership interest in after the date hereof for the purpose of mining or conducting mining operations on such Real Property (including, without limitation, extraction of coal and other minerals and the processing and transport thereof) the fair value of which, as of the date of acquisition thereof, is equal to or greater than $10,000,000 as determined by the applicable tax assessor. “Mine” means any excavation or opening into the earth in the United States now and hereafter made from w...
Junior Claimholders means, at any relevant time, the holders of Junior Lien Obligations at that time, including the “Holders” (as such term is defined in the Junior Indenture) and the Junior Agent. “Junior Collateral” means, subject to any applicable limitations set forth in Section 2.3, all of the assets and property of any Grantor subject to the Lien of the Junior Agent and granted (or purported to be granted) and whether or not perfected as security for any Junior Lien Obligation under the Junior Lien Documents, as such agreements may be in effect from time to time; provided, that the assets and property of the Parent shall not be subject to the Lien of the Junior Agent or constitute Junior Collateral. “Junior Indenture” has the meaning set forth in the recitals to this Agreement. “Junior Lien Documents” means the Junior Indenture and the Junior Lien Security Documents. “Junior Lien Obligations” means all obligations and all amounts owing, due, or secured under the terms of the Junior Indenture (as in effect on the date hereof and as amended, restated, supplemented, Refinanced, modified, renewed, extended, refunded or replaced as permitted under this Agreement) or any other Junior Lien Documents, whether now existing or arising hereafter, including all principal, premium, interest, fees, attorneys’ fees, costs, charges, expenses, reimbursement obligations, indemnities, guarantees, and all other amounts payable under or secured by any Junior Lien Documents (including, in each case, all amounts accruing on or after the commencement of any Insolvency Proceeding relating to any Grantor, or that would have accrued or become due under the terms of the Junior Lien Documents but for the effect of the Insolvency Proceeding and irrespective of whether a claim for all or any portion of such amounts is allowable or allowed in such Insolvency Proceeding). “Junior Lien Security Documents” means the Collateral Documents (as defined in the Junior Indenture) and any other agreement, document, or instrument (other than this Agreement and any other intercreditor agreement) pursuant to which a Lien is granted (or purported to be granted), and whether or not perfected, securing any Junior Lien Obligations or under which rights or remedies with respect to such Liens are governed.