Senior Claimholders definition

Senior Claimholders means, at any relevant time, individually and collectively, the Senior Agents, the Senior Lenders, or any other holders of the Senior Obligations at that time.

Senior Claimholders means, as to any Collateral, the Claimholders whose Liens on such Collateral are senior to the Liens of the Claimholders of the other Class on such Collateral pursuant to the terms of this Agreement. The parties hereto acknowledge that the ABL Claimholders are the Senior Claimholders with respect to the ABL Priority Collateral and the Term Claimholders are the Senior Claimholders with respect to the Term Priority Collateral, and that, accordingly, any reference herein to the “Senior Claimholders” shall be construed as a reference to the ABL Claimholders insofar as the ABL Priority Collateral is concerned and to the Term Claimholders insofar as the Term Priority Collateral is concerned.

Senior Claimholders means (a) with respect to the ABL Priority Collateral, the ABL Claimholders and (b) with respect to the Term Loan Priority Collateral, the Term Loan Claimholders.

Examples of Senior Claimholders in a sentence

• Nothing contained in this Agreement shall preclude any of the Senior Claimholders from discontinuing the extension of credit to any Obligor (whether under the Senior Loan Documents or otherwise) or from taking (without notice to any Subordinated Claimholder, any Obligor, or any other Person) any other action in respect of the Senior Obligations or the Collateral which such Senior Claimholder is otherwise entitled to take with respect to the Senior Obligations or the Collateral.

• None of the Senior Claimholders or the Subordinated Claimholders, as applicable, shall have any obligation whatsoever to the others to assure that the Control Collateral is genuine or owned by any Obligor or any other Person or to preserve their respective rights or benefits or those of any other Person.

• In connection with any DIP Financing, if any Liens on the Collateral held by the Senior Claimholders are subject to a surcharge or are subordinated to an administrative priority claim, a professional fee “carve out,” or fees owed to the United States Trustee, then the Liens on the Collateral of the Subordinated Claimholders shall also be subordinated to such interest or claim and shall remain subordinated to the Liens on the Collateral of the Senior Claimholders consistent with this Agreement.

• If any Senior Claimholder is required in any Insolvency Proceeding or otherwise to turn over, disgorge or otherwise pay to the estate of any Grantor any amount paid in respect of Senior Lien Obligations (a “Recovery”), then such Senior Claimholders shall be entitled to a reinstatement of Senior Lien Obligations with respect to all such recovered amounts, and all rights, interests, priorities and privileges recognized in this Agreement shall apply with respect to any such Recovery.

• Each Junior Collateral Agent, on behalf of itself and its Related Claimholders, also agrees that the Senior Collateral Agents and the other Senior Claimholders have no duty, express or implied, fiduciary or otherwise, to them in respect of the maintenance or preservation of the Collateral in which a Senior Claimholder has a Senior Lien, the Senior Obligations or otherwise.

More Definitions of Senior Claimholders

Senior Claimholders means the Initial First Lien Claimholders, any Additional First Lien Claimholders, the Initial Second Lien Claimholders and any Additional Second Lien Claimholders.

Senior Claimholders means, at any relevant time, the holders of Senior Obligations at that time (solely in their capacities as such), including the Senior Lenders and the Senior Administrative Agent under the Senior Loan Documents. “Senior Collateral” means all of the present and future assets and property of any Obligor, whether real, personal or mixed, with respect to which a Lien is granted (or purported to be granted) as security for any Senior Obligations. “Senior Collateral Documents” means the Security Agreements and Security Documents (each as defined in the Senior Credit Agreement) and any other agreement, document or instrument pursuant to which a Lien is granted (or purported to be granted) securing any Senior Obligations or under which rights or remedies with respect to such Liens are governed. “Senior Credit Agreement” as defined in the Recitals to this Agreement. “Senior Lenders” means the “Lenders” under and as defined in the Senior Credit Agreement. “Senior Loan Documents” means (i) the Senior Credit Agreement and the other Loan Documents (as defined in the Senior Credit Agreement) and all promissory notes, agreements, documents and instruments now or at any time hereafter executed and delivered by any of the Obligors or any other Person to, with or in favor of the Senior Administrative Agent, Senior Administrative Agent or any Senior Claimholder in connection therewith or related thereto, as all of the foregoing now exist or may hereafter

Senior Claimholders means the Exchange Credit Facility Secured Parties, the Existing Credit Facility Secured Parties and the Additional Senior Claimholders with respect to each Series of Additional Senior Obligations.

Senior Claimholders means the holders from time to time of the Obligations.

Senior Claimholders means the Senior ABL Claimholders and the Senior Term Loan Claimholders.

Senior Claimholders means the holders of any Class of Senior Obligations. “Senior Obligations” means any Class of Secured Obligations that is secured

Senior Claimholders means the holders of any Class of Senior Obligations.