Subordinated Lien Creditors definition

Subordinated Lien Creditors means the Subordinated Lien Creditor Representative, the Trustee and, at any relevant time, the holders of Subordinated Lien Indebtedness at that time, including, without limitation, the holders of Notes.
Sample 1

Examples of Subordinated Lien Creditors in a sentence

  • This Agreement is a continuing agreement and shall (a) be binding upon the parties hereto and their successors and assigns (including all Senior Lien Creditors and Subordinated Lien Creditors), and (b) inure to the benefit of and be enforceable by the Parties, the Senior Lien Creditors and the Subordinated Lien Creditors and their respective successors, transferees and assigns.

  • Nothing in this Agreement shall impair, as between the Grantors and the Senior Lien Creditors, or as between the Grantors and the Subordinated Lien Creditors, the obligations of the Grantors to pay principal, interest, fees and other amounts as provided in the Senior Lien Documents and the Indenture Documents, respectively.

  • If an Enforcement Event has occurred and is continuing, the Subordinated Lien Creditor Representative, on behalf of the Subordinated Lien Creditors, may give the Senior Lien Administrative Agent written notice thereof (an “Enforcement Event Notice”), which notice shall constitute notice to each Senior Lien Creditor.

  • The relative rights of the Senior Lien Creditors and the Subordinated Lien Creditors in or to any distributions from or in respect of any Collateral or proceeds of Collateral shall continue after the filing of such Insolvency Proceeding on the same basis as prior to the date of such filing, subject to any court order approving the financing of, or use of cash collateral by, any Grantor as debtor-in-possession.

  • Interim judges, appointed in pursuance of Articles 6(3) and 19(4) of the Statute, shall have the same rights and functions as titular judges, except for the limitations expressly established.

  • This Agreement is solely for the benefit of the Parties (and their successors and assigns) and the holders of the Secured Liabilities (including the Senior Lien Creditors and the Subordinated Lien Creditors).

Related to Subordinated Lien Creditors

  • Senior Creditors means, (a) depositors of the Issuer, (b) creditors of the Issuer who are unsubordinated creditors of the Issuer, and (c) creditors of the Issuer whose claims are or are expressed to be subordinated to the claims of other creditors of the Issuer (other than those whose claims are in respect of obligations which constitute, or would but for any applicable limitation on the amount of such capital, constitute, Tier 1 capital or Tier 2 capital or whose claims rank or are expressed to rank pari passu with, or junior to, the claims of holders in respect of the Notes) (whether only in a Winding Up of the Issuer or otherwise);

  • Second Lien Claimholders means, at any relevant time, the holders of Second Lien Obligations at that time, including the Second Lien Lenders and the agents under the Second Lien Loan Documents.

  • Subordinated Creditors means all creditors the indebtedness of which is subordinated, in the event of the Winding-Up of DSB, in right of payment to the claims of depositors and other unsubordinated creditors of DSB other than those whose claims rank or is expressed to rank by operation of law or contract pari passu with, or junior to, the claims of the Noteholders. For this purpose indebtedness shall include all liabilities, whether actual or contingent;

  • Second Lien Credit Agreement means the Second Lien Credit Agreement, dated as of the Effective Date, among Holdings, the Borrowers, the lenders party thereto and Deutsche Bank AG New York Branch, as administrative agent and collateral agent.

  • First Lien Claimholders means, at any relevant time, the holders of First Lien Obligations at that time, including the First Lien Lenders and the agents under the First Lien Loan Documents.

  • Second Lien Agent means the “Agent” under and as defined in the Second Lien Credit Agreement.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • First Lien Credit Agreement has the meaning set forth in the Recitals to this Agreement.

  • First Lien Claims means, collectively, Claims against the Debtors arising under the Prepetition Term Loan Agreement.

  • Senior Lender means each holder of a Senior Note.

  • ABL Agent means Bank of America, N.A., in its capacity as administrative agent and collateral agent under the ABL Facility Documentation, or any successor agent or under the ABL Facility Documentation.

  • Secured Creditors shall have the meaning assigned that term in the respective Security Documents.

  • Parity Lien Obligations means Parity Lien Debt and all other Obligations in respect thereof.

  • Unsecured Creditors means, collectively, the Preferred Creditors and the Ordinary Creditors; and

  • Priority Lien Obligations means the Priority Lien Debt and all other Obligations in respect of Priority Lien Debt.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

  • Subordinated Liabilities means liabilities subordinated to the Borrower’s obligations to the Bank in a manner acceptable to the Bank in its sole discretion.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations and any Priority Debt Representatives.

  • Second Lien Obligations means the “Obligations” as defined in the Second Lien Credit Agreement.

  • Senior Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • First Lien Agent has the meaning given to such term in the Intercreditor Agreement.

  • Priority Lien Cap means $1,950.0 million.

  • Required Secured Creditors means (i) at any time when any Credit Document Obligations are outstanding or any Commitments under the Credit Agreement exist, the Required Lenders (or, to the extent provided in Section 13.12 of the Credit Agreement, each of the Lenders) and (ii) at any time after all of the Credit Document Obligations have been paid in full and all Commitments under the Credit Agreement have been terminated and no further Commitments may be provided thereunder, the holders of a majority of the Other Obligations.

  • Senior Lenders means each of the lenders from time to time under the Senior Credit Agreement.