Junior Priority Agreement definition

Junior Priority Agreement means the collective reference to (a) the Existing Junior Priority Agreement, and (b) any Additional Junior Priority Agreement. Any reference to the Junior Priority Agreements hereunder shall be deemed a reference to any Junior Priority Agreement then extant.
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Junior Priority Agreement means that certain [Agreement], dated as of [●], 20[●], by and among [parties], as amended, restated, amended and restated, supplemented or otherwise modified from time to time.
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Junior Priority Agreement means the collective reference to any credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness incurred pursuant to Section 6.03(m) (and secured by Liens permitted pursuant to Section 6.01(n)) of the Existing First Priority Agreement (or comparable provisions in the Replacement First Priority Agreement) and Section 6.03(m) (and secured by Liens permitted pursuant to Section 6.01(n)) of the Existing Second Priority Agreement. Any reference to the Junior Priority Agreement hereunder shall be deemed a reference to any Junior Priority Agreement then extant. “Junior Priority Collateral” means all Common Collateral, whether now owned or hereafter acquired by the Borrower or any other Loan Party, in which a Lien is granted or purported to be granted to any Junior Priority Secured Party as security for any Junior Priority Obligation. “Junior Priority Documents” means the Junior Priority Agreement, each Junior Priority Security Document and each Junior Priority Guarantee. “Junior Priority Guarantee” means any guarantee by any Loan Party of any or all of the Junior Priority Obligations. “Junior Priority Lien” means any Lien created by the Junior Priority Security Documents.
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Examples of Junior Priority Agreement in a sentence

  • For avoidance of doubt, it is understood that nothing in this Agreement shall prevent any Second Priority Secured Party or Junior Priority Secured Party from exercising any available remedy to accelerate the maturity of any indebtedness or other obligations owing under the Second Priority Agreement or any Junior Priority Agreement, as applicable, or to demand payment under any guarantee in respect thereof.

  • For avoidance of doubt, it is understood that nothing in this Agreement shall prevent any First Lien Junior Priority Secured Party from exercising any available remedy to accelerate the maturity of any indebtedness or other obligations owing under the First Lien Junior Priority Agreement or to demand payment under any guarantee in respect thereof, subject to the provisions of this Agreement.

  • The Junior Priority Representative represents and warrants that it is authorized to enter into this Agreement, that this Agreement is binding upon it and that this Agreement is binding upon the Junior Priority [Agreement] Secured Parties.