Priority Lien Secured Parties definition

Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.
Priority Lien Secured Parties has the meaning set forth in the Collateral Trust Agreement.

Examples of Priority Lien Secured Parties in a sentence

  • If any Priority Lien Secured Party is required in any Insolvency or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of any Grantor any amount (a “Recovery”) for any reason whatsoever, then the Priority Lien Obligations shall be reinstated to the extent of such Recovery and the Priority Lien Secured Parties shall be entitled to a reinstatement of Priority Lien Obligations with respect to all such recovered amounts.

  • The provisions of this Agreement are and are intended solely for the purpose of defining the distinct and separate relative rights of the Priority Lien Secured Parties, the Second Lien Secured Parties and the Third Lien Secured Parties.

  • In exercising rights and remedies with respect to the Collateral, the Priority Lien Agent and the other Priority Lien Secured Parties may enforce the provisions of the Priority Lien Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in their sole discretion and regardless of whether such exercise and enforcement is adverse to the interest of any Second Lien Secured Party or Third Lien Secured Party.

  • The provisions of this Agreement are and are intended solely for the purpose of defining the distinct and separate relative rights of the Priority Lien Secured Parties and the Second Lien Secured Parties.

  • In exercising rights and remedies with respect to the Collateral, the Priority Lien Agent and the other Priority Lien Secured Parties may enforce the provisions of the Priority Lien Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in their sole discretion and regardless of whether such exercise and enforcement is adverse to the interest of any Second Lien Secured Party.


More Definitions of Priority Lien Secured Parties

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, at any time, the Credit Agreement Secured Parties and the Additional Priority Lien Secured Parties at such time.
Priority Lien Secured Parties means, as of any date of determination, the holders of Priority Lien Obligations at that time, including (i) each Priority Lien Representative and the Priority Lien Collateral Trustee, (ii) the noteholders and any other holders of Priority Lien Debt and (iii) counterparties to Swap Contracts in respect of Swap Obligations.
Priority Lien Secured Parties means, at any time, (i) each holder of First Lien Notes, each Priority Lien Collateral Agent, the First Lien Notes Trustee, each lender, holder, agent, Issuing Creditor or L/C Participant (each as defined in the Letter of Credit Facility) under the Letter of Credit Facility or other Series of Priority Lien Debt and (ii) the SVF Obligor or any other person, to the extent the SVF Obligor or such other person is subrogated to the rights of the Letter of Credit Facility Secured Parties (it being understood that the exercise by the SVF Obligor of any right of subrogation, reimbursement, contribution or any other right to enforce any remedy against the Company and the Guarantors shall be subject to Section 2.14(b) of the Letter of Credit Facility).
Priority Lien Secured Parties shall have the meaning assigned to such term in the Intercreditor Agreement.
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, 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.