PRIOR LIENHOLDERS definition
PRIOR LIENHOLDERS means the holders of the Prior Liens.
- Home
- Dictionary
- PRIOR LIENHOLDERS
Related to PRIOR LIENHOLDERS
Prior Liens means Liens which, pursuant to the provisions of any Security Document, are or may be superior to the Lien of such Security Document.
Senior Liens means (a) with respect to the ABL Priority Collateral, all Liens securing the ABL Obligations and (b) with respect to the Term Loan Priority Collateral, all Liens securing the Term Loan Obligations.
Lienholder means a person with a security interest in particular property.
Prior Lien means a pre-existing mortgage, deed of trust or other Lien encumbering the Mortgaged Property.
Superior Lien With respect to any Mortgage Loan, any other mortgage loan relating to the corresponding Mortgaged Property which creates a lien on the Mortgaged Property which is senior to the Mortgage Loan.