Parity Liens definition
Parity Liens means Liens on any Collateral pari passu in lien priority with the Liens on such Collateral securing the Initial Facilities or any other Parity Lien Debt.
Parity Liens means any Liens granted by a security document to the Collateral Trustee, at any time, upon any Collateral to secure Parity Lien Obligations.
Parity Liens as defined in the Collateral Trust Agreement.
Examples of Parity Liens in a sentence
In addition, if the Company exercises Covenant Defeasance, each Subsidiary Guarantor will be released from all of its obligations with respect to its applicable guarantee and the Parity Liens upon the Collateral will be released to the extent provided in the Note Security Documents and will no longer secure the Notes and Guarantees Outstanding under this Indenture or any other Obligations.
More Definitions of Parity Liens
Parity Liens means third priority Liens on Fixed Asset Collateral securing Parity Lien Obligations and third priority Liens on Current Asset Collateral securing Parity Lien Obligations.
Parity Liens means Liens securing Other Pari Passu Obligations.
Parity Liens means, collectively, (a) the Primary Collateral Parity Liens, (b) the IR Collateral Parity Liens, (c) if the requirements set forth in clause (1) under the caption “Description of Collateral and Security — Provisions of the Indenture Relating to Security — Covenant with Respect to DB Facility Collateral and ML Facility Collateral” have been satisfied, any Lien granted to the Collateral Trustee upon any DB Facility Collateral to secure Parity Lien Obligations and (d) if the requirements set forth in clause (2) under the caption “Description of Collateral and Security — Provisions of the Indenture Relating to Security — Covenant with Respect to DB Facility Collateral and ML Facility Collateral” have been satisfied, any Lien granted to the Collateral Trustee upon any ML Facility Collateral to secure Parity Lien Obligations.
Parity Liens means, collectively, (a) the Primary Collateral Parity Liens, (b) the IR Collateral Parity Liens, (c) if the requirements set forth in Section 11.05(a) have been satisfied, any Lien granted to the Collateral Trustee upon any DB Facility Collateral to secure Parity Lien Obligations and (d) if the requirements set forth in Section 11.05(b) have been satisfied, any Lien granted to the Collateral Trustee upon any ML Facility Collateral to secure Parity Lien Obligations.
Parity Liens shall have the meaning assigned to such term in the Senior Secured Note Indenture.
Parity Liens means any Lien granted, or purported to be granted, by a Security Document to the Collateral Agent, at any time, upon any property of the Issuer or any Guarantor to secure Parity Lien Obligations.