{"component": "definition", "props": {"groups": [{"samples": [{"hash": "2G2qo4U2J6m", "uri": "/contracts/2G2qo4U2J6m#subordinated-lien", "label": "Refinancing Amendment and Successor Administrative Agent Agreement (MRC Global Inc.)", "score": 28.7344284736, "published": true}, {"hash": "l1d79HIFSoL", "uri": "/contracts/l1d79HIFSoL#subordinated-lien", "label": "Term Loan Credit Agreement (MRC Global Inc.)", "score": 26.440109514, "published": true}, {"hash": "ecCEwYRbJU", "uri": "/contracts/ecCEwYRbJU#subordinated-lien", "label": "Indenture (Acco Brands Corp)", "score": 21.0, "published": true}], "size": 18, "snippet": "means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any Collateral of the Company or any Guarantor to secure Subordinated Lien Obligations.", "snippet_links": [{"key": "granted-by", "type": "definition", "offset": [13, 23]}, {"key": "security-document", "type": "clause", "offset": [26, 43]}, {"key": "the-collateral-trustee", "type": "clause", "offset": [47, 69]}, {"key": "at-any-time", "type": "clause", "offset": [71, 82]}, {"key": "of-the-company", "type": "clause", "offset": [104, 118]}, {"key": "to-secure", "type": "clause", "offset": [136, 145]}, {"key": "subordinated-lien-obligations", "type": "definition", "offset": [146, 175]}], "hash": "5ac8e788eec9d96348efe77c31525046", "id": 1}, {"samples": [{"hash": "ixdbBzuAdqj", "uri": "/contracts/ixdbBzuAdqj#subordinated-lien", "label": "Credit Agreement (Phoenix Capital Group Holdings, LLC)", "score": 34.4839151266, "published": true}, {"hash": "ll0IdJshqsH", "uri": "/contracts/ll0IdJshqsH#subordinated-lien", "label": "Credit Agreement (Phoenix Capital Group Holdings I LLC)", "score": 34.4236824093, "published": true}], "size": 7, "snippet": "means (i) any Lien for which the holder thereof has agreed, pursuant to a subordination agreement in form satisfactory to the Agent, that such Lien shall at all times be subordinated and postponed in favour of the Liens granted in favour of the Agent, or (ii) any Lien granted by an Obligor in respect of Affiliate Debt.", "snippet_links": [{"key": "the-holder", "type": "clause", "offset": [29, 39]}, {"key": "pursuant-to-a", "type": "definition", "offset": [60, 73]}, {"key": "subordination-agreement", "type": "definition", "offset": [74, 97]}, {"key": "form-satisfactory", "type": "clause", "offset": [101, 118]}, {"key": "the-agent", "type": "clause", "offset": [122, 131]}, {"key": "lien-shall", "type": "definition", "offset": [143, 153]}, {"key": "at-all-times", "type": "definition", "offset": [154, 166]}, {"key": "in-favour-of", "type": "clause", "offset": [197, 209]}, {"key": "the-liens", "type": "clause", "offset": [210, 219]}, {"key": "granted-by", "type": "definition", "offset": [269, 279]}, {"key": "an-obligor", "type": "clause", "offset": [280, 290]}, {"key": "in-respect-of", "type": "clause", "offset": [291, 304]}, {"key": "affiliate-debt", "type": "definition", "offset": [305, 319]}], "hash": "c0ac7648b7bfec1596f38432eb8042b5", "id": 2}, {"samples": [{"hash": "18xvD9G3fwH", "uri": "/contracts/18xvD9G3fwH#subordinated-lien", "label": "Subordination and Intercreditor Agreement", "score": 26.1704312115, "published": true}, {"hash": "gLYVD7QES0O", "uri": "/contracts/gLYVD7QES0O#subordinated-lien", "label": "Subordination and Intercreditor Agreement (Hollywood Media Corp)", "score": 23.9979466119, "published": true}, {"hash": "lD5ISw2SuAp", "uri": "/contracts/lD5ISw2SuAp#subordinated-lien", "label": "Subordination and Intercreditor Agreement (Hollywood Media Corp)", "score": 21.9555099247, "published": true}], "size": 5, "snippet": "means any Lien created by the Subordinated Security Documents.", "snippet_links": [{"key": "created-by", "type": "definition", "offset": [15, 25]}, {"key": "subordinated-security-documents", "type": "definition", "offset": [30, 61]}], "hash": "4ae35f230f100a8c8754aa45ccf37bd6", "id": 3}, {"samples": [{"hash": "dz0ziKVapXq", "uri": "/contracts/dz0ziKVapXq#subordinated-lien", "label": "Lien Subordination and Intercreditor Agreement (Solo Cup CO)", "score": 21.0, "published": true}], "size": 4, "snippet": "means a Lien granted by a Security Document to the Noteholder Collateral Trustee, at any time, on a junior and subordinated basis, upon any Collateral of either of the Issuers or any other Grantor to secure Subordinated Lien Obligations.", "snippet_links": [{"key": "granted-by", "type": "definition", "offset": [13, 23]}, {"key": "security-document", "type": "clause", "offset": [26, 43]}, {"key": "noteholder-collateral-trustee", "type": "definition", "offset": [51, 80]}, {"key": "at-any-time", "type": "clause", "offset": [82, 93]}, {"key": "the-issuers", "type": "clause", "offset": [164, 175]}, {"key": "to-secure", "type": "clause", "offset": [197, 206]}, {"key": "subordinated-lien-obligations", "type": "definition", "offset": [207, 236]}], "hash": "17a06f8ffbc7d386af331ac60b5587df", "id": 4}, {"samples": [{"hash": "l1d79HIFSoL", "uri": "/contracts/l1d79HIFSoL#subordinated-lien", "label": "Term Loan Credit Agreement (MRC Global Inc.)", "score": 26.440109514, "published": true}, {"hash": "hDLI5yjQxGQ", "uri": "/contracts/hDLI5yjQxGQ#subordinated-lien", "label": "Loan, Security and Guarantee Agreement (MRC Global Inc.)", "score": 25.5503080082, "published": true}, {"hash": "1wswVhc3f9T", "uri": "http://investor.mrcglobal.com/static-files/61740bc4-4bcc-498b-b8ae-372e8439459b", "label": "investor.mrcglobal.com", "score": 10.1704312115, "published": false}], "size": 3, "snippet": "means a Lien granted by a Secured Document to the trustee, agent or other representative (so long as such trustee, agent or other representative is or becomes a party to the Collateral Trust Agreement), at any time, on a junior and subordinated basis, upon any Collateral of either MRC Global or any other Grantor to secure Subordinated Lien Obligations.", "snippet_links": [{"key": "granted-by", "type": "definition", "offset": [13, 23]}, {"key": "secured-document", "type": "definition", "offset": [26, 42]}, {"key": "to-the-trustee", "type": "clause", "offset": [43, 57]}, {"key": "other-representative", "type": "definition", "offset": [68, 88]}, {"key": "a-party", "type": "clause", "offset": [159, 166]}, {"key": "collateral-trust-agreement", "type": "clause", "offset": [174, 200]}, {"key": "at-any-time", "type": "clause", "offset": [203, 214]}, {"key": "to-secure", "type": "clause", "offset": [314, 323]}, {"key": "subordinated-lien-obligations", "type": "definition", "offset": [324, 353]}], "hash": "23b68ab3557174b8a5c050b72dda3593", "id": 5}, {"samples": [{"hash": "1eDiDCGCqy9", "uri": "/contracts/1eDiDCGCqy9#subordinated-lien", "label": "First and Subordinated Lien Intercreditor Agreement (CVR Energy Inc)", "score": 23.160164271, "published": true}, {"hash": "78JhzSkNsk2", "uri": "/contracts/78JhzSkNsk2#subordinated-lien", "label": "Credit and Guaranty Agreement (CVR Energy Inc)", "score": 21.2080766598, "published": true}, {"hash": "4q1cpQbS6MU", "uri": "https://investors.cvrenergy.com/static-files/2ab3b401-6cb0-4123-b517-40a48ce8e400", "label": "investors.cvrenergy.com", "score": 9.9637234771, "published": false}], "size": 3, "snippet": "means a Lien granted by a Secured Debt Document to the trustee, agent or other representative at any time, on a junior priority basis, upon any Collateral of either Company or any other Grantor to secure Subordinated Lien Obligations.", "snippet_links": [{"key": "granted-by", "type": "definition", "offset": [13, 23]}, {"key": "secured-debt-document", "type": "definition", "offset": [26, 47]}, {"key": "to-the-trustee", "type": "clause", "offset": [48, 62]}, {"key": "other-representative", "type": "definition", "offset": [73, 93]}, {"key": "at-any-time", "type": "clause", "offset": [94, 105]}, {"key": "junior-priority", "type": "definition", "offset": [112, 127]}, {"key": "to-secure", "type": "clause", "offset": [194, 203]}, {"key": "subordinated-lien-obligations", "type": "definition", "offset": [204, 233]}], "hash": "fd7a6b2c0aba6c60a5d90ffba4d5fb70", "id": 6}, {"samples": [{"hash": "hzaXLTsezZn", "uri": "/contracts/hzaXLTsezZn#subordinated-lien", "label": "Subordination and Intercreditor Agreement (P&f Industries Inc)", "score": 21.8240930869, "published": true}, {"hash": "cVLvTCmJMJ4", "uri": "/contracts/cVLvTCmJMJ4#subordinated-lien", "label": "Subordination and Intercreditor Agreement (P&f Industries Inc)", "score": 21.8240930869, "published": true}], "size": 3, "snippet": "a Lien on Subordinated Debt Collateral granted by any Subordinated Debt Document to, or acquired or held by, the Subordinated Creditor, at any time, upon any Subordinated Debt Collateral that is also Senior Debt Collateral of any Obligor to secure the Subordinated Debt.", "snippet_links": [{"key": "granted-by", "type": "definition", "offset": [39, 49]}, {"key": "subordinated-debt-document", "type": "definition", "offset": [54, 80]}, {"key": "subordinated-creditor", "type": "clause", "offset": [113, 134]}, {"key": "at-any-time", "type": "clause", "offset": [136, 147]}, {"key": "senior-debt-collateral", "type": "clause", "offset": [200, 222]}, {"key": "to-secure", "type": "clause", "offset": [238, 247]}, {"key": "the-subordinated-debt", "type": "clause", "offset": [248, 269]}], "hash": "62280217942025c9fdaee2429634ba94", "id": 7}, {"samples": [{"hash": "j0sxcWqW3Xe", "uri": "/contracts/j0sxcWqW3Xe#subordinated-lien", "label": "Subordination Agreement (Coinstar Inc)", "score": 21.0, "published": true}, {"hash": "dkNNd3jzweH", "uri": "/contracts/dkNNd3jzweH#subordinated-lien", "label": "Credit Agreement (Coinstar Inc)", "score": 21.0, "published": true}], "size": 2, "snippet": "means the Lien secured by the Security Agreement (\u201cSecurity Agreement\u201d) dated as of January 31, 2003 between the Debtor and the Subordinated Creditor securing the repayment of all or any portion of the Subordinated Debt.", "snippet_links": [{"key": "the-lien", "type": "clause", "offset": [6, 14]}, {"key": "the-security-agreement", "type": "clause", "offset": [26, 48]}, {"key": "dated-as-of", "type": "definition", "offset": [72, 83]}, {"key": "the-debtor", "type": "clause", "offset": [109, 119]}, {"key": "subordinated-creditor", "type": "clause", "offset": [128, 149]}, {"key": "repayment-of", "type": "clause", "offset": [163, 175]}, {"key": "the-subordinated-debt", "type": "clause", "offset": [198, 219]}], "hash": "f8e77dfecf5993a89883158bc91b5f43", "id": 8}, {"samples": [{"hash": "jK1cmLfFJQ6", "uri": "/contracts/jK1cmLfFJQ6#subordinated-lien", "label": "Warehouse Credit Agreement (Firstcity Financial Corp)", "score": 18.0, "published": true}, {"hash": "ciV2inSYRm4", "uri": "/contracts/ciV2inSYRm4#subordinated-lien", "label": "Warehouse Credit Agreement (Firstcity Financial Corp)", "score": 18.0, "published": true}], "size": 2, "snippet": "A Lien approved in writing by the Lender, and which secures any Subordinated Debt.", "snippet_links": [{"key": "in-writing", "type": "definition", "offset": [16, 26]}, {"key": "by-the-lender", "type": "clause", "offset": [27, 40]}, {"key": "subordinated-debt", "type": "definition", "offset": [64, 81]}], "hash": "b69d4c33a1d354ba1f473812ad5dc2fd", "id": 9}, {"samples": [{"hash": "7vmu2ne6jac", "uri": "/contracts/7vmu2ne6jac#subordinated-lien", "label": "Loan Agreement (PDG Environmental Inc)", "score": 21.0, "published": true}], "size": 1, "snippet": "means the subordinate lien granted by Parent to Subordinated Lender in certain assets of the Parent pursuant to that certain Security Agreement, dated May 14, 2009, among Parent, Bank and Subordinated Lender, subject to the terms and conditions of the Subordination Agreement.", "snippet_links": [{"key": "subordinate-lien", "type": "definition", "offset": [10, 26]}, {"key": "by-parent", "type": "clause", "offset": [35, 44]}, {"key": "subordinated-lender", "type": "clause", "offset": [48, 67]}, {"key": "certain-assets", "type": "clause", "offset": [71, 85]}, {"key": "the-parent", "type": "clause", "offset": [89, 99]}, {"key": "pursuant-to", "type": "definition", "offset": [100, 111]}, {"key": "security-agreement", "type": "definition", "offset": [125, 143]}, {"key": "the-subordination-agreement", "type": "clause", "offset": [248, 275]}], "hash": "566202feb72e4d9a18c95112d6c5c88d", "id": 10}], "next_curs": "Cl4SWGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjoLEhpEZWZpbml0aW9uU25pcHBldEdyb3VwX3Y1NiIac3Vib3JkaW5hdGVkLWxpZW4jMDAwMDAwMGEMogECZW4YACAA", "definition": {"size": 58, "title": "Subordinated Lien", "snippet": "means a Lien granted by a Security Document to the Collateral Trustee, at any time, upon any Collateral of the Company or any Guarantor to secure Subordinated Lien Obligations.", "id": "subordinated-lien", "examples": ["The Grantors acknowledge and agree that, to the extent permitted by applicable law, the value of any payments or distributions in cash, property or other assets received by the <strong>Subordinated Lien</strong> Claimholders that are paid over to the Prior Lien Claimholders pursuant to this Agreement shall not reduce any of the <strong>Subordinated Lien</strong> Obligations.", "Each Prior Lien Agent with respect to any Collateral is hereby authorized by the <strong>Subordinated Lien</strong> Agents and the <strong>Subordinated Lien</strong> Claimholders with respect to such Collateral to make any such endorsements as agent for any <strong>Subordinated Lien</strong> Agent or any <strong>Subordinated Lien</strong> Claimholder.", "Notwithstanding the foregoing provisions of this Section 8.5, none of the <strong>Subordinated Lien</strong> Claimholders shall have any claim against any of the Prior Lien Claimholders for any impairment of any subrogation rights herein granted to the <strong>Subordinated Lien</strong> Claimholders.", "Each <strong>Subordinated Lien</strong> Agent, on behalf of the applicable <strong>Subordinated Lien</strong> Claimholders, hereby irrevocably, absolutely, and unconditionally waives any and all rights or powers any <strong>Subordinated Lien</strong> Claimholder may have at any time under applicable law or otherwise to have its <strong>Subordinated Lien</strong> Collateral, or any part thereof, marshaled upon any foreclosure or other enforcement of such <strong>Subordinated Lien</strong> Agent\u2019s Liens.", "No <strong>Subordinated Lien</strong> Claimholder shall oppose or seek to challenge any claim by any Prior Lien Agent or any Prior Lien Claimholder for allowance in any Insolvency or Liquidation Proceeding of Prior Lien Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Lien on such Prior Lien Claimholder\u2019s Prior Lien Collateral, without regard to the existence of the <strong>Subordinated Lien</strong> Obligations with respect to such Collateral.", "If any <strong>Subordinated Lien</strong> Agent or any <strong>Subordinated Lien</strong> Claimholders shall, at any time, receive any Proceeds of any such insurance policy or any such award or payment with respect to ABL Priority Collateral in contravention of this Agreement, it shall segregate and hold in trust and forthwith pay such amount over to the Prior Lien Agent in accordance with the terms of Section 4.2.", "This Additional Secured Debt Designation is being executed and delivered in order to designate additional secured debt as either Revolving Credit Secured Obligations, Pari Passu Debt or <strong>Subordinated Lien</strong> Debt entitled to the benefit of the Intercreditor Agreement.", "In entering into this Agreement, or in taking (or forbearing from) any action under or pursuant to this Agreement, the <strong>Subordinated Lien</strong> Collateral Trustee shall have and be protected by all of the rights, immunities, indemnities and other protections granted to it under the Second Lien Documents and the <strong>Subordinated Lien</strong> Documents.", "The <strong>Subordinated Lien</strong> Collateral Trustee shall not have any duties or obligations under or pursuant to this Agreement other than such duties as may be expressly set forth in this Agreement as duties on its part to be performed or observed.", "The <strong>Subordinated Lien</strong> Collateral Trustee is executing and delivering this Agreement solely in its capacity as such and pursuant to direction set forth in the applicable Second Lien Documents and the <strong>Subordinated Lien</strong> Documents; and in so doing, the <strong>Subordinated Lien</strong> Collateral Trustee shall not be responsible for the terms or sufficiency of this Agreement for any purpose."], "related": [["senior-lien", "Senior Lien", "Senior Lien"], ["senior-class-debt-parties", "Senior Class Debt Parties", "Senior Class Debt Parties"], ["second-lien", "Second Lien", "Second Lien"], ["abl-agent", "ABL Agent", "ABL Agent"], ["valid-lien", "Valid lien", "Valid lien"]], "related_snippets": [], "updated": "2025-07-06T21:58:41+00:00"}, "json": true, "cursor": ""}}