Junior Lien Obligations definition

Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof.

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Junior Lien Obligations means any Indebtedness and other Obligations that are secured by Liens on the Collateral ranking junior in priority to the Liens securing the Notes and the Note Guarantees, including without limitation all obligations under the Junior Lien Documents; provided, that the holders of such Indebtedness or their Junior Lien Representative shall become party to the Junior Lien Intercreditor Agreement and any other applicable intercreditor agreements.

Junior Lien Obligations means the Obligations with respect to other Indebtedness permitted to be incurred under this Indenture, which is by its terms intended to be secured by the Collateral on a basis junior to the Notes.

Examples of Junior Lien Obligations in a sentence

In furtherance of Section 2.5 hereof (but subject to Section 2.1(d)), if the New Senior Lien Obligations are secured by assets of the Credit Parties that do not also secure the Junior Lien Obligations, the applicable Credit Parties shall promptly grant a valid and perfected Lien on such assets to secure the Junior Lien Obligations (subject to the Lien Priority).
All Collateral and all Proceeds received by any Senior Lien Agent after the Discharge of Senior Lien Obligations has occurred shall be forthwith paid over, in kind or funds and currency received, to the Designated Junior Lien Agent for application to the payment of the Junior Lien Obligations in accordance with the Junior Lien Documents.
Until the Discharge of Senior Lien Obligations has occurred, each Junior Lien Agent, on behalf of itself and the Junior Lien Secured Parties represented by it, agrees not to seek relief from or modification of the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the Collateral, any Proceeds thereof or any Lien in respect of the Junior Lien Obligations, in each case without the Designated Senior Lien Agent’s express prior written consent.
If a Senior Lien Secured Party breaches its obligations to sell its Purchase Obligations under this Article 8 (a “Defaulting Creditor”), no other Senior Lien Secured Party will be obligated to purchase the Defaulting Creditor’s Purchase Obligations for resale to the holders of the Junior Lien Obligations.
Each of the Senior Lien Agents and the Junior Lien Agents hereby assumes responsibility for keeping itself informed of the financial condition of the Credit Parties and all other circumstances bearing upon the risk of nonpayment of the Senior Lien Obligations or the Junior Lien Obligations.

More Definitions of Junior Lien Obligations

Junior Lien Obligations means the Obligations with respect to other Indebtedness permitted to be Incurred under this Indenture, which is by its terms intended to be secured by the Collateral on a basis junior to the Notes; provided such Lien is permitted to be Incurred under this Indenture.

Junior Lien Obligations means obligations under Debt that is unsecured or is secured by a Lien on a junior basis to the Liens securing the Notes Obligations and subject to a customary intercreditor agreement.

Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof, including, without limitation, interest and premium (if any) (including post-petition interest whether or not allowable), and all guarantees of any of the foregoing.

Junior Lien Obligations means the Obligations with respect to Indebtedness permitted to be incurred under this Indenture, which is by its terms intended to be secured by the Collateral with a Junior Lien Priority relative to the Notes; provided such Lien is permitted to be incurred under this Indenture; provided, further, that the holders of such Indebtedness or their Junior Lien Representative shall become party to the Junior Lien Intercreditor Agreement and any other applicable intercreditor agreements.

Junior Lien Obligations means any obligations secured by ▇▇▇▇▇▇ ▇▇▇▇▇.

Junior Lien Obligations means any Series of Indebtedness secured by Collateral on a second priority basis pursuant to the relevant security documents.

Junior Lien Obligations means any Additional Bonds or Additional Obligations payable from, and secured by a lien on the Revenues, which lien is junior to that of any Parity Bonds, but senior to that of the Subordinate Lien Bonds.