Second Priority Secured Parties definition

Second Priority Secured Parties means the Second Priority Representative, the Second Priority Creditors and any other holders of the Second Priority Obligations.

Second Priority Secured Parties means the “Secured Parties” as defined in the Second Lien Collateral Trust Agreement.

Second Priority Secured Parties means (a) the Initial Second-Priority Secured Parties and (b) the Other Second-Priority Secured Parties, including the Second-Priority Representatives.

Examples of Second Priority Secured Parties in a sentence

• The Senior Representatives, the Senior Secured Parties, the Second Priority Representatives and the Second Priority Secured Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise.

• To the extent that the foregoing provisions are not complied with for any reason, without limiting any other rights and remedies available to the First Priority Secured Parties, the Second Priority Representative and the other Second Priority Secured Parties agree that any amounts received by or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.4 shall be subject to Section 4.1.

• The Second Priority Secured Parties agree that none of them shall be entitled to benefit from any avoidance action affecting or otherwise relating to any distribution or allocation made in accordance with this Agreement, whether by preference or otherwise, it being understood and agreed that the benefit of such avoidance action otherwise allocable to them shall instead be allocated and turned over for application in accordance with the priorities set forth in this Agreement.

• The Second Priority Representative, on behalf of itself and the Second Priority Secured Parties, expressly waives all notice of the acceptance of and reliance on this Agreement by the First Priority Secured Parties.

• Each Second Priority Agent, on behalf of itself and each applicable Second Priority Secured Party, acknowledges that it and the applicable Second Priority Secured Parties is not entitled to rely on any credit decision or other decisions made by any First Lien Agent or any Senior Lender in taking or not taking any action under the applicable Second Priority Document or this Agreement.

More Definitions of Second Priority Secured Parties

Second Priority Secured Parties means the Indenture Secured Parties and all other Persons holding any Second-Priority Claims, including the collateral agent for any Future Second-Lien Indebtedness.

Second Priority Secured Parties means, with respect to (a) any ABL Priority Collateral, the Term Loan/Notes Secured Parties, and (b) any Term Loan/Notes Priority Collateral, the ABL Secured Parties.

Second Priority Secured Parties means the Initial Second Priority Secured Parties and the Other Second Priority Secured Parties.

Second Priority Secured Parties means the holders of the Second Priority Lien Obligations (including the holders of the Second Priority Notes, the Second Priority Term Loan Administrative Agent and the lenders under the Second Priority Term Loan Agreement).

Second Priority Secured Parties shall have the meaning assigned to such term in the Intercreditor Agreement.

Second Priority Secured Parties means the Indenture Secured Parties and all other Persons holding any Second Priority Claims, including the collateral agent for any Future Second Lien Indebtedness and any sub-agent of any Second Priority Agent.

Second Priority Secured Parties means the Trustee and the Collateral Agent and each holder of Secured Obligations.