Priority Lien Secured Parties definition

Priority Lien Secured Parties means, at any time, the Priority Lien Agent, each lender or issuing bank under the Priority Credit Agreement, each holder, provider or obligee of any Hedging Obligations and Bank Product Obligations that is a lender under the Priority Credit Agreement or an Affiliate (as defined herein or in the Priority Credit Agreement) thereof and is a secured party (or a party entitled to the benefits of the security) under any Priority Lien Document, the beneficiaries of each indemnification obligation undertaken by any Grantor under any Priority Lien Document, each other Person that provides letters of credit, guarantees or other credit support related thereto under any Priority Lien Document and each other holder of, or obligee in respect of, any Priority Lien Obligations (including pursuant to a Priority Substitute Credit Facility), in each case to the extent designated as a secured party (or a party entitled to the benefits of the security) under any Priority Lien Document outstanding at such time.
Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

Examples of Priority Lien Secured Parties in a sentence

All agreements, statements, representations and warranties made by the Pledgor herein or in any certificate or other instrument delivered by the Pledgor or on its behalf under this Agreement shall be considered to have been relied upon by the Priority Lien Secured Parties and shall survive the execution and delivery of this Agreement and the other Priority Lien Documents regardless of any investigation made by the Priority Lien Secured Parties or on their behalf.

In the event of any express conflict between the terms of this Agreement and the terms of the Collateral Trust Agreement, the Collateral Trust Agreement shall control and govern, provided that this provision shall not be interpreted in any way to affect any rights expressly provided to the Priority Lien Secured Parties under this Agreement unless such rights are expressly prohibited or restricted under the Collateral Trust Agreement.

All filings, registrations and recordings necessary or reasonably requested by the Collateral Trustee or any Priority Lien Representative to create, preserve, protect and perfect the security interests granted by the Pledgor to the Collateral Trustee for the benefit of the Priority Lien Secured Parties in respect of the Collateral have been accomplished by the Pledgor to the extent that such security interests can be perfected under the UCC and Title 49.

It is the desire and intent of the Pledgor, the Collateral Trustee and the Priority Lien Secured Parties that this Agreement shall be enforced against the Pledgor to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought.

There are no filings, registrations or recordings necessary to create, preserve, protect or perfect the security interests granted by the Pledgor to the Collateral Trustee for the benefit of the Priority Lien Secured Parties in respect of the Collateral under Title 49.


More Definitions of Priority Lien Secured Parties

Priority Lien Secured Parties has the meaning set forth in the Collateral Trust Agreement.
Priority Lien Secured Parties means the holders of Priority Lien Obligations and the Priority Lien Representatives.
Priority Lien Secured Parties means the holders of Priority Lien Obligations and each Priority Lien Representative.
Priority Lien Secured Parties means the holders of Priority Lien Obligations and the Priority Lien Representatives. “Requirements” has the meaning provided in Section 6(ii) hereof.
Priority Lien Secured Parties means, at any time, the Credit Agreement Secured Parties and the Additional Priority Lien Secured Parties at such time.