Transaction Liens definition

Transaction Liens means the Liens granted by the Lien Grantors under the Security Documents.

Transaction Liens means the Liens on Collateral granted by the Credit Parties under the Security Documents.

Transaction Liens means the Liens granted by the Grantors under the Security Documents.

Examples of Transaction Liens in a sentence

• Upon the Disposition of any Collateral in a transaction permitted under the Credit Agreement and the other Loan Documents, the Transaction Liens on such Collateral shall be automatically released without further action or consent by the Collateral Agent or any other Person (including any other Secured Party).

• On the earlier of (A) the Final Payment Date or (B) the date on which the requisite percentage of the Lenders have approved the release of the Transaction Liens in accordance with Section 10.02 of the Credit Agreement, the Transaction Liens shall be fully and automatically released without further action by the Collateral Agent or any other Person (including any other Secured Party), and all rights to the Collateral shall revert to the applicable Grantor.

• Notwithstanding the foregoing, no Secured Party other than the Collateral Agent shall have the right to take any Enforcement Action with respect to the Collateral or the Subsidiary Guarantee Agreement or seek to exercise and enforce the Transaction Liens, and all such Enforcement Actions shall be effected solely through the Collateral Agent.

• Amounts deposited in the Excess Cash Account shall be held therein as Collateral for the Secured Obligations, provided that the Collateral Agent shall, to the extent required by (and otherwise on the terms set forth in) the proviso to Section 5.09 of the Credit Agreement, release and pay over to the Company free of the Transaction Liens such amounts as provided in such proviso.

• Notwithstanding the foregoing, no Secured Party other than the Collateral Agent shall have the right to take any Enforcement Action with respect to the Collateral, the Parent Guarantee Agreement or the Subsidiary Guarantee Agreement or seek to exercise and enforce the Transaction Liens, and all such Enforcement Actions shall be effected solely through the Collateral Agent.

More Definitions of Transaction Liens

Transaction Liens the Liens on Collateral granted by the Loan Parties under the Security Documents.

Transaction Liens means the Liens granted by the "Lien Grantors" under, and as defined in, any of the Security Documents.

Transaction Liens means the Liens granted by the Grantors to the Collateral Agent under the Security Documents.

Transaction Liens means the first priority Liens granted by the Grantors under the Security Documents.

Transaction Liens means the security interests granted by the Lien Grantors under this Agreement.

Transaction Liens means the Liens granted by the Limited Recourse Pledgor under the Security Documents.

Transaction Liens means the Liens granted by the Grantors to the Collateral Trustee under the Security Documents.