Definition of Term Facility Secured Parties


Term Facility Secured Parties means, at any time, the Persons holding any Term Facility Obligations and the successors and permitted assigns thereof, including the Term Facility Agent and each other "Secured Party" as defined in any applicable Term Facility Document.

Examples of Term Facility Secured Parties in a sentence

The provisions of this Agreement are and are intended solely for the purpose of defining the relative rights of the Revolving Facility Secured Parties, on the one hand, and the Term Facility Secured Parties, on the other hand.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other RBL Facility Secured Parties, the other Term Facility Secured Parties, the Other First-Priority Lien Obligations Secured Parties and the Other Second-Priority Lien Obligations Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement.
Grantor is the legal or beneficial owner of, or has a license or, to the knowledge of such Grantor, other right to use, the Collateral granted or purported to be granted by it free and clear of any Lien, claim, option or, to the knowledge of such Grantor, right of others, except for the security interest created under this Agreement and Liens, claims, options or rights of others permitted under the Credit Agreement (including, without limitation, the Liens held by the Term Facility Secured Parties).
This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, as well as the other Term Facility Secured Parties and Revolving Facility Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement.
The Term Facility Administrative Agent, for itself and on behalf of the other Term Facility Secured Parties, hereby waives any and all rights the Term Facility Secured Parties may now or hereafter have under applicable law to revoke this Agreement or any of the provisions of this Agreement.