Third Priority Creditors definition

Third Priority Creditors means the “Holders” as defined in the Third Priority Agreement, or any Persons that are designated under the Third Priority Agreement as the “Third Priority Creditors” for purposes of this Agreement.

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Third Priority Creditors means the “Holders”, as defined in the Third Priority Debt Agreement.

Third Priority Creditors means the PIK Holders, or any Persons that are designated under the Third Priority Agreement as the “Third Priority Creditors” for purposes of this Agreement.

Examples of Third Priority Creditors in a sentence

Until the First Priority Debt has been Paid in Full, the First Priority Creditor, or any agent or trustee therefore, shall have the exclusive right to exercise rights and remedies with respect to the Collateral without any consultation with or the consent of either the Second or Third Priority Creditors.
If after the time the First Priority Debt has been Paid in Full and prior to the time the Second Priority Debt has been Paid in Full, the Third Priority Creditors shall, at any time, receive any Proceeds of any Collateral, they shall pay such proceeds over to the Second Priority Creditors in accordance with the terms of this Section 4.
If prior to the time the First Priority Debt has been Paid in Full, the Second Priority Creditors and/or the Third Priority Creditors shall, at any time, receive any Proceeds of any Collateral, they shall pay such proceeds over to the First Priority Creditors in accordance with the terms of this Section 4.
Thereafter, until the Second Priority Debt has been Paid in Full, the Second Priority Creditor, or any agent or trustee therefore, shall have the exclusive right to exercise rights and remedies with respect to the Collateral without any consultation with or the consent of the Third Priority Creditors.

More Definitions of Third Priority Creditors

Third Priority Creditors means, with respect to any series, issue or class of Third Priority Debt, the holders or lenders of such Third Priority Debt.