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.

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Prior Liens means, collectively, the Liens identified in Schedule B annexed to this Mortgage.

Prior Liens means those Liens and other encumbrances permitted by paragraphs (a), (c), (d), (e), (f), (g), (i), (j), (l), (n), (o), (p), (q), (r), (x), (y), (aa), (dd), or (ff) of Section 6.02; provided that 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.

Examples of Prior Liens in a sentence

• 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.

• 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.

• Borrower's Obligations shall be secured by a Lien upon all of the Collateral, which Lien at all times shall be superior and prior to all other Liens, except Permitted Prior Liens.

• As provided in and limited by the Security Documents, such security interests are junior in priority to Permitted Prior Liens.

• The Company will not, and will not permit any Guarantor to, create, incur, assume or suffer to exist any Lien upon or with respect to any item constituting Collateral except for the Lien of the Security Documents relating thereto, the Prior Liens applicable thereto and other Liens expressly permitted by such Security Documents.

More Definitions of Prior Liens

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

Prior Liens means, collectively, the Liens identified in Schedule B annexed to this Deed of Trust.

Prior Liens means Liens permitted pursuant to Section 6.02 other than Liens permitted pursuant to clause (c) of the definition of “Excepted Liens”.

Prior Liens means the Liens of the Prior Lienholders created under the Prior Lienholders Security Agreements.

Prior Liens means, with respect to each Mortgaged Property, the exceptions to title described in the Title Policy insuring the Lien of the Mortgage thereon.

Prior Liens has the meaning assigned to such term in the Mortgage.

Prior Liens shall have the meaning provided in the Security Agreement.