First Lien definition

First Lien. With respect to any second lien Mortgage Loan, the mortgage loan relating to the corresponding Mortgaged Property having a first priority lien.

First Lien. With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a first lien on the Mortgaged Property.

First Lien means a Lien granted by a Security Document to the Collateral Agent for the benefit of the holders of First Lien Debt, at any time, upon any property of the Company or any other Guarantor to secure First Lien Obligations.

Examples of First Lien in a sentence

• Creditor NameLien TypeMonthly PaymentLoan Amount/Amount to be DrawnCredit Limit(if applicable) First Lien Subordinate Lien$$$ First Lien Subordinate Lien$$$Does not apply NO YES 4c.

• First Lien Lender--A lender whose lien has first priority as a matter of law or by operation of a subordination agreement or other intercreditor agreement.

• A.5 – International First Lien Mortgage This section provides general guidance and data definitions for the International First Lien Mortgage Worksheet.

• A.5 – International First Lien Mortgage‌ This section provides general guidance and data definitions for the International First Lien Mortgage Worksheet.

• The Debtors are further permitted to share drafts and copies of Exhibits 1, 2, and 3 with (a) the lenders party to that certain Super-Priority Term Loan Credit Agreement dated January 21, 2020 (as amended) and that certain First Lien Credit Agreement dated April 20, 2017 (as amended) and their counsel, and(b) counsel to the official committee of unsecured creditors in the Chapter 11 Cases (the “UCC”) on a “professional eyes only” basis.

More Definitions of First Lien

First Lien means with respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a mortgage note which creates a first lien on the Mortgaged Property.

First Lien means the liens on the Collateral in favor of the Secured Parties under the Collateral Documents relating to the Notes and the other Secured Parties under the other Collateral Documents.

First Lien means the liens on the Collateral in favor of the Secured Parties under the Collateral Documents.

First Lien. With respect to any Second Lien Mortgage Loan, the mortgage loan relating to the corresponding Mortgaged Property having a first priority lien. Xxxxxxx Mac: Xxxxxxx Mac, or any successor thereto.

First Lien means the most senior mortgage or deed of trust on the property that is the subject of the notice of default or notice of sale.

First Lien means the Liens on the First-Lien Collateral in favor of the First-Lien Secured Parties under the First-Lien Collateral Documents.

First Lien means a Lien granted by the Company or any other Guarantor in favor of the First Lien Collateral Agent, at any time, upon any property of the Company or such other Guarantor to secure First Lien Obligations.