Pari Passu Liens definition

Pari Passu Liens means any Lien on the Collateral granted for the benefit of the holders of the Existing Notes that is required by the terms of the Existing Notes Indentures as a result of the grant of security interests pursuant to any Collateral Document.

Pari Passu Liens means Liens securing Obligations ranking pari passu with the Notes that by their terms are intended to be secured equally and ratably with the Notes and are permitted pursuant to the applicable provisions of this Indenture and the Security Documents.

Pari Passu Liens has the meaning set forth in Section 5.1(b)(i).

Examples of Pari Passu Liens in a sentence

• The Pari Passu Liens granted pursuant to this provision shall be (A) granted concurrently with the granting of any such Liens, and (B) granted pursuant to instruments, documents and agreements which are no less favorable to the Trustee and the Holders of the Notes than those granted to secure the Existing Senior Notes.

• The Pari Passu Liens granted pursuant to this provision shall be (i) granted concurrently with the granting of any such Initial Liens, and (ii) granted pursuant to instruments, documents and agreements which are no less favorable to the trustee and the holders of the Notes than those granted to secure the Existing Senior Notes.

• The Debtor Should Be Authorized to Grant Pari Passu Liens on RUS Collateral and Priming Liens in Respect of Other Prepetition Collateral.

• Each Prepetition Agent, in its sole discretion, may file a photocopy of this Stipulation and Order with any applicable filing or recording office in lieu of any other financing statement, mortgage, notice or lien or similar instrument, and all applicable filing and recording officers are authorized to accept a copy of this Stipulation and Order for filing and recording as notice and evidence of the Prepetition Term Loan/PGN Adequate Protection Liens.3. No Superior or Pari Passu Liens.

More Definitions of Pari Passu Liens

Pari Passu Liens means any Lien on the Collateral granted to the Administrative Agent for the benefit of the Pari Passu Noteholders pursuant to the U.S. Security Agreement, the Canadian Security Agreement and/or any of the other Security Documents securing the Pari Passu Notes Obligations.

Pari Passu Liens means Liens on the Collateral, which Liens on any item of Collateral shall rank pari passu to the Notes Liens on such item of Collateral (but without regard to the control of remedies), pursuant to a Customary Intercreditor Agreement.

Pari Passu Liens means the Liens granted by the Collateral Documents securing the Senior Notes, obligations under the Note Purchase Agreement and other related obligations as contemplated by the Collateral Documents.

Pari Passu Liens means, in the case of any Term Loan Collateral, all Liens securing the Multi-Currency Claims and the Noteholder Claims.

Pari Passu Liens means any Lien on the Collateral granted for the benefit of the holders of the Pari Passu Notes.

Pari Passu Liens means the Liens created or evidenced or expressed to be created or evidenced under or pursuant to the Pari Passu Collateral Security Documents.

Pari Passu Liens means the Liens securing the Pari Passu Lien Obligations.