Junior Priority Secured Parties definition

Junior Priority Secured Parties means, at any time, all of the Junior Priority Agents and all of the Junior Priority Creditors.

Junior Priority Secured Parties means the holders from time to time of any Junior Priority Obligations, the Junior Priority Collateral Agent and each other Junior Priority Representative.

Junior Priority Secured Parties means (a) the holders of the Obligations in respect of any or all of the Existing Junior-Priority Secured Notes, (b) the respective Representative(s) with respect thereto and (c) the successor and assigns of each of the foregoing.

Examples of Junior Priority Secured Parties in a sentence

• The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively.

• Nothing in this Agreement shall be deemed to subordinate the right of any Junior Priority Secured Party to receive payment to the right of any Senior Priority Secured Party (whether before or after the occurrence of an Insolvency Proceeding), it being the intent of the Parties that this Agreement shall effectuate a subordination of Liens as between the Senior Priority Secured Parties, on the one hand, and the Junior Priority Secured Parties, on the other hand, but not a subordination of Indebtedness.

• The Senior Priority Secured Parties and the Junior Priority Secured Parties may continue, at any time and without notice to the other Parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Credit Party on the faith hereof.

• The Senior Priority Secured Parties and the Junior Priority Secured Parties may continue, at any time and without notice to the other Parties hereto, to extend credit and other financial accommodations, lend monies and provide indebtedness to, or for the benefit of, any Credit Party on the faith hereof.

• To fulfil the provisions of the Education (Student Registration) Regulations The Cherwell School (River Learning Trust) is required to keep an admissions register that includes the name and address of every person considered, in law, to be the parent of a student.

More Definitions of Junior Priority Secured Parties

Junior Priority Secured Parties means the Secured Parties (as defined in the Junior Priority Security Agreement).

Junior Priority Secured Parties means (a) the Notes Secured Parties and (b) the Pari Passu Secured Parties.

Junior Priority Secured Parties means, (a) with respect to the ABL Priority Collateral, prior to the Discharge of ABL Priority Obligations, the Note Secured Parties, and (b) with respect to the Note Priority Collateral, prior to the Discharge of Note Priority Obligations, the ABL Secured Parties.

Junior Priority Secured Parties means, collectively, (a) each Junior-Priority Collateral Agent, (b) each Junior-Priority Holder, (c) the Junior-Priority Secured Notes Trustees, (d) each other person to whom any of the Junior-Priority Debt is owed and (e) the successors, replacements and assigns of each of the foregoing; sometimes being referred to herein individually as a “Junior-Priority Secured Party”.

Junior Priority Secured Parties means at any time the Collateral Trustee (in its capacity as the holder of the Lien on the Collateral securing the Junior Priority Additional Debt Obligations), any Junior Priority Additional Debt Representatives and any other holder of Junior Priority Additional Debt Obligations outstanding at such time.

Junior Priority Secured Parties means at any time the Collateral Trustee (in its capacity as the holder of the Lien on the Collateral securing the Junior Priority Secured Obligations), the Junior Priority Agent and any other holder of Junior Priority Secured Obligations outstanding at such time (and including, for the avoidance of doubt, any Holder Representative in respect of such Junior Priority Secured Obligations).

Junior Priority Secured Parties means the Junior Priority Agents, all other Persons holding the Junior Priority Obligations and all other “Secured Parties” (or any equivalent term referring to the holder of a secured claim under any future Junior Priority Indenture entered into to extend, replace, Refinance or refund in whole or in part the Indebtedness and other obligations outstanding under the Existing Junior Priority Indenture (or then existing extensions, replacements, Refinancings or refundings thereof)) as defined in the Junior Priority Indenture.