Permitted Prior Lien definition

Permitted Prior Lien means any Lien that has priority over the Lien of the Collateral Agent for the benefit of the First Lien Secured Parties which Lien was permitted under each First Lien Document.

Permitted Prior Lien means any Lien that has priority over the Lien of the Lenders,which Lien was permitted under each Secured Note and any Additional Secured Note.

Permitted Prior Lien means any Lien that has priority over the Lien of the Collateral Agent for the benefit of the Pari Passu Lien Secured Parties which Lien was permitted under each Pari Passu Lien Debt Document.

Examples of Permitted Prior Lien in a sentence

• Nothing herein shall constitute a finding or ruling by this Court that any alleged Permitted Prior Lien is valid, senior, enforceable, prior, perfected, or non-avoidable.

• The right of a seller of goods to reclaim such goods under section 546(c) of the Bankruptcy Code is not a Permitted Prior Lien and is expressly subject to the DIP Liens.

• The right of a seller of goods to reclaim such goods under section 546(c) of the Bankruptcy Code is not a Permitted Prior Lien and is expressly subject to the DIP Liens (as defined herein).

• Moreover, nothing shall prejudice the rights of any party-in-interest to challenge the validity, priority, enforceability, seniority, avoidability, perfection, or extent of any alleged Permitted Prior Lien and/or security interests.

• Moreover, nothing herein shall prejudice the rights of any party-in-interest, including, but not limited to, the Debtor DIP Loan Parties, the DIP Agent, the DIP Secured Parties, the Prepetition Agent, or the Prepetition Secured Parties to challenge the validity, priority, enforceability, seniority, avoidability, perfection, or extent of any alleged Permitted Prior Lien and/or security interests.

More Definitions of Permitted Prior Lien

Permitted Prior Lien means a Permitted Lien of the type described in clauses (2), (3), (4), (5) or (13) of the definition thereof, or of the type described in clause (17) with respect to Liens of the type described in clause (2), (4), (5) or (13) of the definition thereof.

Permitted Prior Lien means any Lien that has priority over the Lien of the Priority Collateral Trustee for the benefit of the Priority Lien Secured Parties which Lien was permitted under each Priority Lien Document.

Permitted Prior Lien as defined in Section 10.2.2(j).

Permitted Prior Lien. Permitted Liens identified under any of (i) clauses (a), (b), (c), (d) and (f) of the definition of “Excepted Liens” and (ii) any of clauses (c), (d) and (e) of Section 10.2.2.

Permitted Prior Lien means any Lien that has priority over the Lien granted to the Collateral Trustee for the benefit of the Secured Parties and which Lien was permitted under each Secured Debt Document.

Permitted Prior Lien means any Lien that has priority over the Lien of the Collateral Trustee for the benefit of the Secured Parties, which Lien was permitted under the documentation with respect to Secured Obligations.

Permitted Prior Lien shall have the meaning assigned to such term in Section 3.19(b).