Senior Priority Secured Parties definition

Senior Priority Secured Parties means, at any time, all of the Senior Priority Agents and all of the Senior Priority Creditors.

Senior Priority Secured Parties means the First Lien Credit Agreement Secured Parties and any Additional Senior Secured Parties.

Senior Priority Secured Parties means, collectively, (a) each Senior-Priority Agent, (b) the Senior-Priority Holders, (c) the Issuing Banks with respect to letters of credit or similar instruments under the Senior-Priority Non-ABL Loan Agreement, (d) each other Person to whom any Senior-Priority Obligations are owed (including any Person to whom Term Loan Hedging/Cash Management Obligations are owed) and (e) the successors and assigns of each of the foregoing.

Examples of Senior Priority Secured Parties in a sentence

• The DIP Lenders party to the Commitment Letter constitute the Required Secured Parties under (and as defined in) the Collateral Agency and Intercreditor Agreement and Senior Priority Secured Parties under (and as defined in) the Base Intercreditor Agreement.

• The Senior Priority Secured Parties will be entitled to manage and supervise their respective loans and extensions of credit under the Senior Priority Debt Documents in accordance with law and as they may otherwise, in their sole discretion, deem appropriate, and the Senior Priority Secured Parties may manage their loans and extensions of credit without regard to any rights or interests that the Non-Senior Priority Parties have in the Collateral or otherwise, except as otherwise provided in this Agreement.

• The Designated Senior Priority Representative, the Designated Second Priority Representative or the Designated Senior Subordinated Priority Representative (as applicable) is hereby authorized to make any such endorsements as agent for each of the Creditors (other than the Senior Priority Secured Parties) (as applicable).

• Nothing in this agreement shall impair or otherwise adversely affect any rights or remedies the Senior Priority Representatives or the Senior Priority Secured Parties may have with respect to the Senior Priority Collateral.

• This Agreement shall be binding upon the Senior Priority Representatives, the Senior Priority Secured Parties, the Non-Senior Priority Parties, Holdings, the Borrowers, the other Debtors party hereto and their respective successors and assigns.

More Definitions of Senior Priority Secured Parties

Senior Priority Secured Parties means (a) the ABL Facility Secured Parties, (b) the Credit Agreement Secured Parties, (c) the Existing Secured Notes Secured Parties and (d) any Additional Senior-Priority Obligation Secured Parties

Senior Priority Secured Parties as defined in the Base Intercreditor Agreement.

Senior Priority Secured Parties means, (a) with respect to the ABL Priority Collateral, prior to the Discharge of ABL Priority Obligations, the ABL Secured Parties, and (b) with respect to the Note Priority Collateral, prior to the Discharge of Note Priority Obligations, the Note Secured Parties.

Senior Priority Secured Parties means (x) with respect to the Second Priority Secured Parties, the First Priority Secured Parties, (y) with respect to the Third Priority Secured Parties, the First Priority Secured Parties and the Second Priority Secured Parties, and (z) with respect to the Other Junior Secured Parties, the First Priority Secured Parties, the Second Priority Secured Parties and the Third Priority Secured Parties.

Senior Priority Secured Parties means the holders from time to time of any Senior Priority Obligations, the Senior Priority Collateral Agent and each other Senior Priority Representative.

Senior Priority Secured Parties means, at any time, any Person who is holding a Senior Priority Obligation or to whom a Senior Priority Obligation is otherwise owing.

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 reason of mandatory provisions of law, any of the attachment, perfection or priority of any Collateral Agent’s or any secured party’s security interest in any Collateral is governed by the Uniform Commercial Code as in effect from time to time in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of definitions related to such provisions. 1.2.