Senior Priority Collateral Documents definition

Senior Priority Collateral Documents means the Original First Lien Collateral Documents[, the [ ] First Lien Collateral Documents]viii and any Additional Collateral Documents in respect of Senior Priority Obligations.

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Senior Priority Collateral Documents means the “Security Documents” as defined in the First Lien Credit Agreement, the First Lien Intercreditor Agreement (upon and after the initial execution and delivery thereof by the initial parties thereto) and each of the security agreements and other instruments and documents executed and delivered by Holdings, the Borrower or any other Grantor for purposes of providing collateral security for any Senior Priority Obligation.

Senior Priority Collateral Documents means collectively, the Existing Secured Notes Collateral Documents, the Credit Agreement Collateral Documents, the ABL Facility Collateral Documents and the Additional Senior-Priority Obligation Collateral Documents.

Examples of Senior Priority Collateral Documents in a sentence

• Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the Senior Priority Collateral Documents and the Junior Priority Collateral Documents constitute separate and distinct grants of Liens and (ii) because of, among other things, their differing rights in the Collateral, the Senior Priority Obligations are fundamentally different from the Junior Priority Obligations and must be separately classified in any plan of reorganization proposed or adopted in an Insolvency Proceeding.

• The Senior Priority Representative may Exercise Any Secured Creditor Remedies under the Senior Priority Collateral Documents or applicable law as to any Collateral; provided, however, that any Exercise of Secured Creditor Remedies with respect to any Collateral by the Senior Priority Representative is at all times subject to the provisions of this Agreement, including Section 4.1 hereof and of the Base Intercreditor Agreement.

• Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant to the Senior Priority Collateral Documents and the Junior Priority Collateral Documents constitute separate and distinct grants of Liens and (ii) the Senior Priority Obligations are fundamentally different from the Junior Priority Obligations and must be separately classified in any Plan of Reorganization proposed or adopted in an Insolvency Proceeding because of, among other things, their differing rights in the Collateral.

• The Senior Priority Representative may Exercise Any Secured Creditor Remedies under the Senior Priority Collateral Documents or applicable law as to any Collateral subject to the provisions of this Agreement, including Section 4.01 hereof.

• If none of the Second Priority Secured Parties exercise such right within 30 days after the first date on which a Purchase Event occurs, the Senior Priority Secured Parties shall have no further obligations pursuant to this Section 5.07 for such Purchase Event and may take any further actions in their sole discretion in accordance with the Senior Priority Collateral Documents and this Agreement.

More Definitions of Senior Priority Collateral Documents

Senior Priority Collateral Documents means all ABL Collateral Documents and Additional Collateral Documents relating to any Senior Priority Obligations.

Senior Priority Collateral Documents as defined in the Base Intercreditor Agreement.

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

Senior Priority Collateral Documents means the Security Documents and any other agreement, document or instrument pursuant to which a Lien is granted by any Grantor securing any Senior Priority Obligations or under which rights or remedies with respect to such Liens are governed. “Senior Priority Credit Party” means each “Loan Party” as defined in the Revolving Credit Agreement. “Senior Priority Default” means an “Event of Default” or equivalent term (as defined in any of the Senior Priority Documents). “Senior Priority Documents” means the Revolving Credit Agreement and the other Loan Documents (as defined in the Revolving Credit Agreement), any agreements governing customary secured bank product or hedging obligations constituting Secured Bank Product Obligations (as defined in the Revolving Credit Agreement) and each of the other agreements, documents and instruments providing for or evidencing any other Senior Priority Obligation, and any other document or instrument executed or delivered at any time in connection with any Senior Priority Obligations, including any intercreditor or joinder agreement among holders of Senior Priority Obligations to the extent such are effective at the relevant time, as each may be amended, restated, supplemented, modified, renewed or extended from time to time in accordance with the provisions of this Agreement. “Senior Priority Mortgages” means a collective reference to each mortgage, deed of trust and other document or instrument under which any Lien on real property owned or leased by any Grantor is granted to secure any Senior Priority Obligations or (except for this Agreement) under which rights or remedies with respect to any such Liens are governed. “Senior Priority Obligations” means all “Obligations” (as defined in the Revolving Credit Agreement) and other obligations of every nature of each Grantor from time to time owed to any Senior Priority Claimholder or any other respective Affiliates under the Senior Priority Documents, whether for principal, interest, reimbursement of amounts drawn under letters of credit, fees, expenses, indemnification or otherwise. “Senior Priority Obligations” shall include all Post-Petition Interest with respect to the Indebtedness under the Senior Priority Documents. “Senior Priority Secured Parties” means the Secured Parties (as defined in the Revolving Security Agreement). “UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York; provided, however, that, in the event that, by r...

Senior Priority Collateral Documents means any agreement, document or instrument pursuant to which a Lien is now or hereafter granted (or purported to be granted) to secure any Senior Priority Obligations or under which rights or remedies with respect to any such Liens are at any time governed.

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

Senior Priority Collateral Documents means, collectively, the Revolving Credit Collateral Documents, the 2016 Secured Notes Collateral Documents and the Senior Priority Fixed Asset Collateral Documents.