Examples of Senior Lien in a sentence

Take all appropriate action on Order Authorizing the Issuance, Sale and Delivery of Fort Bend County, Texas, Senior Lien Toll Road Revenue Refunding Bonds, Series 2024; the execution of documents; and the approval of certain other matters relating thereto.
Notwithstanding any contrary provision of this Agreement or any other agreement between Holders and the Corporation and any of the Subsidiaries of the Corporation, the lien of the Holders are and at all times shall at all times be junior and subordinate to the Senior Lien of Senior Lender which secures the Senior Obligations of the Corporation.

More Definitions of Senior Lien

Senior Lien. With respect to any Junior Mortgage Loan, any liens on the related Mortgaged Property of higher priority.

Senior Lien means a prior lien which has precedence as to the property under the lien over another lien or encumbrance.

Senior Lien. With respect to any Second Mortgage Loan, the mortgage loan relating to the corresponding Property having a first priority lien; and with respect to any Third Mortgage Loan, the mortgage loans relating to the corresponding Property having first and second priority liens.

Senior Lien means the first security interest placed upon a property to secure payment of a debt or performance of an obligation before one or more junior liens;