o Lien definition

o Lien as to any Person, any mortgage, lien, pledge, adverse claim, charge, security interest or other encumbrance in or on, or any interest or title of any vendor, lessor, lender or other Senior Secured Party to or of such Person under any conditional sale or other title retention agreement or Capital Lease with respect to, any property or asset of such Person. o Loans: the amounts loaned to the Company pursuant to this Agreement. Loans may be Revolving Loans, Swing Loans or Term Loans. o Loan Documents: this Agreement, the Notes, the Subsidiary Suretyship, the Pledge Agreements, the Subordination Agreements, the Security Agreement and any and all agreements, documents and instruments executed, delivered or filed pursuant to this Agreement, as the same may be amended, modified or supplemented from time to time; in addition, solely for purposes of the references to "Loan Documents" in the Subsidiary Suretyship, the Subordination Agreements, the Security Agreement, the Trademark Collateral Agreement, and the Pledge Agreements (or any other Loan Document) or to the extent necessary to afford the obligations under the documents referred to below the status of being guaranteed and secured pari passu with the other obligations hereunder, the term "Loan Document" shall also be deemed to include Interest Rate Protection Agreements which have been entered into in compliance with Section 8.32 (Interest Rate Protection) in favor of one or more Lenders or their Affiliates and all agreements, instruments and other documents relating to Letters of Credit. o Management Agreement: that certain Management Agreement between the Company and SPC dated as of May 12, 1999. o Management Fees: for any period, all fees and other amounts payable to SPC under the Management Agreement (including, without limitation, fees due, amounts accrued, and overhead and administrative costs allocated by SPC to the Company or any Subsidiary of the Company), but not SPC Expense Reimbursement. o Material Assets: inventory, accounts receivable, equipment, investment property, instruments (other than the notes in respect of the ESOP Loan) and general intangibles as defined in the Uniform Commercial Code, provided, however, notwithstanding the foregoing, it is acknowledged that FCC licenses may not be effectively pledged under existing law. Therefore, the Company and the Guarantors will pledge the proceeds of such licenses and what ever other rights respecting the FCC licenses may be pledged and will pledg...
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Related to o Lien

  • Subject Lien shall have the meaning provided in Section 10.2(a).

  • Permitted Lien means the individual and collective reference to the following: (a) Liens for taxes, assessments and other governmental charges or levies not yet due or Liens for taxes, assessments and other governmental charges or levies being contested in good faith and by appropriate proceedings for which adequate reserves (in the good faith judgment of the management of the Company) have been established in accordance with GAAP, (b) Liens imposed by law which were incurred in the ordinary course of the Company’s business, such as carriers’, warehousemen’s and mechanics’ Liens, statutory landlords’ Liens, and other similar Liens arising in the ordinary course of the Company’s business, and which (x) do not individually or in the aggregate materially detract from the value of such property or assets or materially impair the use thereof in the operation of the business of the Company and its consolidated Subsidiaries or (y) are being contested in good faith by appropriate proceedings, which proceedings have the effect of preventing for the foreseeable future the forfeiture or sale of the property or asset subject to such Lien and (c) Liens incurred in connection with Permitted Indebtedness.

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Priority Lien means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any property of the Company or any other Pledgor to secure Priority Lien Obligations.

  • Second Priority Lien means the Liens on the Second Priority Collateral in favor of Second Priority Debt Parties under Second Priority Collateral Documents.