Senior Secured Obligations definition

Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by the Noteholder First Lien Collateral), the Noteholder Obligations, and (b) with respect to Noteholder Obligations (to the extent such Obligations are secured by the Revolving Facility First Lien Collateral), the Revolving Facility Obligations.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Senior Secured Obligations means the Obligations under and as defined in the Guarantee and Collateral Agreement.

Senior Secured Obligations shall have the meaning set forth in the Intercreditor Agreement.

Examples of Senior Secured Obligations in a sentence

Anything contained herein to the contrary notwithstanding, this Section 2.04(b) shall not apply to any proceeds of Senior Secured Obligations Collateral realized in a transaction not prohibited by the Senior Documents and as to which the possession or receipt thereof by a Junior Representative or other Junior Secured Obligations Secured Party is otherwise permitted by the Senior Documents.
The lien priorities provided for herein shall not be altered or otherwise affected by any amendment, modification, supplement, extension, increase, renewal, restatement or Replacement of either the Junior Secured Obligations (or any part thereof) or the Senior Secured Obligations (or any part thereof).
If any Junior Secured Obligations Secured Party receives any proceeds of Senior Secured Obligations Collateral in contravention of the foregoing, such proceeds will be turned over to the applicable Senior Representative.

More Definitions of Senior Secured Obligations

Senior Secured Obligations means, (a) with respect to the Term/Notes Priority Collateral, the Second-Priority Lien Obligations and, (b) with respect to the RBL Priority Collateral, the First-Priority Lien Obligations. The First-Priority Lien Obligations shall, collectively, constitute one “Class” of Senior Secured Obligations and the Second-Priority Lien Obligations shall, collectively, constitute a separate “Class” of Senior Secured Obligations.

Senior Secured Obligations means (a) with respect to the Revolving Facility Obligations (to the extent such Obligations are secured by Collateral other than Revolving Facility Senior Collateral), the Senior Fixed Obligations, and (b) with respect to Term Loan Obligations, the Note Obligations and any Series of First Priority Lien Obligations other than Revolving Facility Obligations (to the extent such Obligations are secured by the Revolving Facility Senior Collateral), the Revolving Facility Obligations; all of the foregoing obligations described in clause (a) or clause (b) being a separate “Class” of Senior Secured Obligations.

Senior Secured Obligations. As defined in the granting clause of the ACOLT Indenture.

Senior Secured Obligations has the meaning assigned to such term in the Collateral and Intercreditor Agreement.

Senior Secured Obligations shall have the meaning assigned to the term “Secured Obligations” in the Senior Security Agreement.

Senior Secured Obligations means all obligations payable in respect of the Senior Loans under the Facility Agreement.

Senior Secured Obligations means (i) in the case of FMC, (A) the Obligations, (B) the “Obligations” as defined in the Parent Guaranty and (C) the Astaris Secured Payments, and (ii) in the case of any other Loan Party or Guarantor, the obligations of such Loan Party or Guarantor under the Guaranties and the other Loan Documents to which it is a party.”