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

• In exercising rights and remedies with respect to the Senior Priority Collateral, the Senior Priority Representatives and the Senior Priority Secured Parties may enforce the provisions of the Senior Priority Debt Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in the exercise of their sole discretion.

• Notwithstanding the foregoing, the relative rights and obligations of the Senior Priority Representatives and the Senior Priority Secured Parties (as amongst themselves) with respect to any Senior Priority Collateral shall be governed by the terms of the Equal Priority Intercreditor Agreement and in the event of any conflict between the Equal Priority Intercreditor Agreement and this Agreement, the provisions of the Equal Priority Intercreditor Agreement shall control.

• This is a continuing agreement of Lien subordination, and the Senior Priority Secured Parties may continue, at any time and without notice to the Second Priority Representatives or any Second Priority Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Issuer or any other Subsidiary constituting Senior Obligations in reliance hereon.

• The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively.

• Except for the limited agreements of the Senior Priority Representatives pursuant to Section 5.05 hereof, none of the Senior Priority Representatives or the Senior Priority Secured Parties shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Shared Collateral for the benefit of the Second Priority Representatives or the Second Priority Secured Parties.

More Definitions of Senior Priority Secured Parties

Senior Priority Secured Parties means (a) the ABL Facility Secured Parties, (b) the Existing Senior-Priority Secured Notes Secured Parties and (c) 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 (i) the Credit Agreement Secured Parties and (ii) the Additional Senior Priority Secured Parties with respect to each Series of Additional Senior Priority Obligations.

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 the Persons holding Senior Priority Claims, including the Senior Priority Agent and the trustee under the Senior Priority Notes Indenture.

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.