Prior Liens definition

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.
Prior Liens means, collectively, the Liens identified in Schedule B annexed to this Mortgage.
Prior Liens means, collectively, the Liens identified in Schedule III annexed hereto relating to those items of Collateral identified in such Schedule.

Examples of Prior Liens in a sentence

  • B Prior Liens on Real Estate CCC’s security interest in the collateral, such as the actual storage structure, shall constitute the sole security interest in collateral.

  • The Agent holds a first-priority security interest in and continuing lien upon substantially all of Blackjewel L.L.C.’s assets, subject only to certain Permitted Prior Liens (as defined in the Riverstone Agreement).

  • All Mortgaged Properties are free and clear of Liens, except for Prior Liens and all of such other properties are free and clear of Liens, other than Permitted Liens.

  • The provisions of the Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Prior Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein.

  • Any reference herein to the Lien of the Collateral Agent being “first priority” or words of similar effect shall mean that such Lien is a first priority Lien, subject only to the prior Lien securing the Revolving Obligations to the extent set forth in the Intercreditor Agreement and any other Permitted Prior Liens.


More Definitions of Prior Liens

Prior Liens means those Liens and other encumbrances permitted by paragraphs (a), (c), (d), (e), (f), (i), (j), (l), (n), (o), (p), (q), (r), (dd), or (ff) of Section 6.02; provided that with licenses permitted under paragraphs (q) or (ff) of Section 6.02 shall be deemed “Prior Liens” solely to the extent that such licenses are non-exclusive.
Prior Liens means, collectively, the Liens identified in Schedule B annexed to this Deed of Trust.
Prior Liens means, collectively, the Liens identified in ----------- Schedule B annexed to this Mortgage. ----------
Prior Liens means the Liens of the Prior Lienholders created under the Prior Lienholders Security Agreements.
Prior Liens means those Liens and other encumbrances (A) permitted by paragraphs (a), (c), (d), (e), (f), (g), (h), (i), (j), (m), (n), (o), (p), (q), (r), (u), (v), (y), (aa), (bb), (dd), (ee) or (gg) of Section 6.02, (B) consisting of deposits or other Liens on cash or Permitted Investments permitted by any paragraph of Section 6.02 (without prejudice to the requirements of the proviso in paragraph (l) of Section 6.02), or (C) that otherwise have priority over the liens in favor of the Collateral Agent by operation of law; provided, that licenses permitted under paragraphs (q) or (ee) of Section 6.02 shall be deemed “Prior Liens” solely to the extent that such licenses are nonexclusive.
Prior Liens has the meaning assigned to such term in the Mortgage.
Prior Liens shall have the meaning provided in the Security Agreement.