First Priority Creditors definition

First Priority Creditors means each “Secured Party” as defined in the First Priority Agreement, or any Persons that are designated under the First Priority Agreement as the “First Priority Creditors” for purposes of this Agreement.

First Priority Creditors means, at any relevant time, the holders of First Priority Obligations at that time, including the First Priority Lenders and the agents under the First Priority Loan Documents.

First Priority Creditors shall have the meaning assigned to such term in the preliminary statement of this Agreement.

Examples of First Priority Creditors in a sentence

• The First Priority Creditors who wish to receive their First Priority Credits under this Plan, applicable to the Labor Creditors, the Class III Unsecured Creditors, the Class IV Unsecured Creditors or the Strategic Supplier Creditors, as the case may be, may do so, provided they inform the Debtor within up to 30 (thirty) days counted from the Legal Approval of the Plan.

• Following Molinaro’s presenta- tion Patty Cec, Soil Conservation Technician, explained how the NRCS utilizes the global positioning system (GPS) for the planning of conserva- tion practice installation.

• If the Second Priority Representative does not exercise such right within 30 days after the first date on which a Purchase Event occurs, the First Priority Representative and the First Priority Creditors shall have no further obligations pursuant to this Section 5.12 for such Purchase Event and may take any further actions in their sole discretion in accordance with this Agreement and the other First Priority Documents.

• Are the Creditors Affected by the Plan and/or First Priority Creditors and/or third parties, including intermediary banks, financing agents, among others, that already granted or that may grant New Resources to OGX, upon subscription of the 1st Bridge Loan, 2nd Bridge Loan, DIP Loan, and/or the Additional Loan as set forth in Clause 4 and following of this Plan.

• When applicable, the term Credits held by First Priority Creditors will also be interpreted as the credits held by First Priority Creditors of OGX and/or OGX Austria and/or OGX International.

More Definitions of First Priority Creditors

First Priority Creditors means the “Lenders” as defined in the First Priority Agreement, or any Persons that are designated under the First Priority Agreement as the “First Priority Creditors” for purposes of this Agreement and notice of which designation is given in writing to the Second Priority Representative promptly after such designation.

First Priority Creditors has the meaning assigned to that term in the Secondary Intercreditor Agreement.

First Priority Creditors means the “Secured Creditors” as defined in the Existing First Priority Agreement, the “Lenders” as defined in each other First Priority Agreement or any Persons that are designated under the First Priority Agreement as the “First Priority Creditors” for purposes of this Agreement.

First Priority Creditors means the Secured Parties (as defined in the First Priority Debt Agreement).

First Priority Creditors means the holders of First Priority Indebtedness.

First Priority Creditors means the “Lenders”, the “Administrative Agent”, and the “Issuing Bank”, each as defined in the First Priority Agreement, and all other Persons that are designated under the First Priority Agreement as “First Priority Creditors” for purposes of this Agreement. “First Priority Default” means any “Event of Default” as defined in the First Priority Agreement. “First Priority Documents” means the First Priority Agreement, each First Priority Security Document and each First Priority Guarantee. “First Priority Guarantee” means any guarantee by any Loan Party of any or all of the First Priority Obligations. “First Priority Lien” means any Lien created by the First Priority Security Documents. “First Priority Obligations” means (a) all principal of and interest (including, without limitation, any Post-Petition Interest) and premium (if any) on all loans made pursuant to the First Priority Agreement, (b) all reimbursement obligations (if any) and interest thereon (including, without limitation, any Post-Petition Interest) with respect to any letter of credit or similar instruments issued pursuant to the First Priority Agreement, (c) all Hedging Obligations, (d) all Cash Management Obligations and (e) all guarantee obligations, fees, charges, expenses, indemnities and other amounts payable from time to time pursuant to the First Priority Documents, in each case whether direct or indirect, absolute or contingent, joint or several, primary or secondary and whether or not allowed or allowable in an Insolvency Proceeding. To the extent any payment with respect to any First Priority Obligation (whether by or on behalf of any Loan Party, as proceeds of security, enforcement of any right of setoff or otherwise) is declared to be a fraudulent conveyance or a preference in any respect, set aside or required to be paid to a debtor in possession, any Second Priority Secured Party, receiver or similar Person, then the obligation or part thereof originally intended to be satisfied shall, for the purposes of this Agreement and the rights and obligations of the First Priority Secured Parties and the Second Priority Secured Parties, be deemed to be reinstated and outstanding as if such payment had not occurred. To the extent that any interest, fees, expenses or other charges (including, without limitation, Post-Petition Interest) to be paid pursuant to the First Priority Agreement are disallowed by order of any court, including, without limitation, by order of a Bankruptcy Court i...

First Priority Creditors means (a) the parties identified as such in the introductory paragraph hereof, (b) each other “Lender” (as defined in the First Priority Documents), (c) any other holder of any of the First Priority Obligations, and (d) the successors and assigns of each of the foregoing.