Term Secured Parties definition

Term Secured Parties shall have the meaning assigned to that term in the introduction to this Agreement.

Term Secured Parties has the meaning assigned that term in the Intercreditor Agreement.

Term Secured Parties has the meaning given to the term “Secured Parties” in the Term Credit Agreement.

Examples of Term Secured Parties in a sentence

• The ABL Agent is not and shall not be deemed to be a fiduciary of any kind for the Term Secured Parties or any other Person.

• The ABL Secured Parties and the Term Secured Parties may continue, at any time and without notice to the other parties hereto, to extend credit and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Credit Party on the faith hereof.

• Without limiting the generality of the foregoing, the Term Secured Parties shall not be obligated to see to the application of any Proceeds of the ABL Priority Collateral deposited into any Deposit Account or be answerable in any way for the misapplication thereof.

• The Term Agent represents and warrants to the ABL Agent that it has the requisite power and authority under the Term Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the Term Secured Parties and that this Agreement shall be binding obligations of the Term Agent and the Term Secured Parties, enforceable against the Term Agent and the Term Secured Parties in accordance with its terms.

• Until the Discharge of ABL Obligations has occurred, the Term Agent, on behalf of itself and the Term Secured Parties, agrees not to seek relief from the automatic stay or any other stay in any Insolvency Proceeding in respect of any portion of the ABL Priority Collateral without the ABL Agent’s express written consent.

More Definitions of Term Secured Parties

Term Secured Parties means the Term Agent and the Term Lenders.

Term Secured Parties means, at any time, the Term Agent, the Collateral Trustee, the trustees, agents and other representatives of the Lenders and holders of other Term Priority Lien Debt (including Designated Hedge Providers), the beneficiaries of each indemnification obligation undertaken by any Grantor under any Term Priority Lien Document and each other holder of, or obligee in respect of, any holder or lender pursuant to any Term Priority Lien Document outstanding at such time; provided that the Additional Term Secured Parties shall not be deemed Term Secured Parties.

Term Secured Parties means the Secured Creditors as defined in the Term Credit Agreement, or in any credit agreement or comparable document in respect of a Permitted Refinancing of the Term Loan.

Term Secured Parties means, collectively, in respect of the Term Loan Facility, the Term Loan Lenders, the Lead Arranger, the Agents, any Secured Hedging Counterparty, each other Indemnitee and any other holder of any Term Loan Obligation thereunder, and shall include all former Agents and Term Loan Lenders to the extent that any Term Loan Obligation owing to such Persons thereunder were incurred while such Persons were Agents or Term Loan Lenders, as applicable, and such Term Loan Obligation have not been paid or satisfied in full.

Term Secured Parties means the Term Loan Secured Parties and any Additional Debt Secured Parties.

Term Secured Parties means the lenders and agents under the Term Credit Agreement (including, without limitation, the holders of Bermuda Guaranteed Obligations) and the Secured Hedge Counterparties and shall include all former lenders and agents under the Term Credit Agreement and Secured Hedge Counterparties to the extent that any Term Obligations owing to such Persons were incurred while such Persons were lenders or agents under the Term Credit Agreement or Secured Hedge Counterparties and such Term Obligations have not been paid or satisfied in full and all new Term Secured Parties to the extent set forth in Section 2.4(f) hereof.

Term Secured Parties means the lenders and agents under the Term Credit Agreement and the Secured Hedge Counterparties and shall include all former lenders and agents under the Term Credit Agreement and Secured Hedge Counterparties to the extent that any Term Obligations owing to such Persons were incurred while such Persons were lenders or agents under the Term Credit Agreement or Secured Hedge Counterparties and such Term Obligations have not been paid or satisfied in full and all new Term Secured Parties to the extent set forth in Section 2.4(f) hereof.