First Priority Liens definition

First Priority Liens means all Liens that secure the First Priority Lien Obligations.

First Priority Liens means the first priority Liens securing the First Lien Obligations.

First Priority Liens means all Liens on the First Lien Collateral securing the First Lien Obligations, whether created under the First Lien Security Documents or acquired by possession, statute (including any judgment lien), operation of law, subrogation or otherwise.

Examples of First Priority Liens in a sentence

• REPRESENTATIONS AND WARRANTIES 9 4.1 Perfected First Priority Liens 10 4.2 Jurisdiction of Organization or Incorporation; Chief Executive Office 10 4.3 Pledged Notes; Pledged Stock 10 4.4 Receivables 10 4.5 Contracts 10 SECTION 5.

• No Objection: No Second Lien Claimholder will object to or oppose a sale or other disposition of any Collateral (or any portion thereof) under Section 363 of the Bankruptcy Code or any other provision of the Bankruptcy Code if the First Lien Claimholders shall have consented to such sale or disposition of such Collateral and all First Priority Liens and Second Priority Liens will attach to the proceeds of the sale.

• In the event that any Second Priority Secured Party becomes a judgment lien creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the First Priority Liens and the First Priority Obligations) to the same extent as all other Liens securing the Second Priority Obligations are subject to the terms of this Agreement.

• In the event that any Second Priority Secured Party becomes a judgment lien creditor as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subject to the terms of this Agreement for all purposes (including in relation to the First Priority Liens and the First Priority Obligations) to the same extent as all other Second Priority Liens securing the Second Priority Obligations are subject to the terms of this Agreement.

• The First Priority Liens shall be and remain senior in right, priority, operation, effect and all other respects to the Second Priority Liens for all purposes, whether or not the First Priority Liens are subordinated in any respect to any other Lien securing any other obligation of the Borrower, any other US Grantor or any other person.

More Definitions of First Priority Liens

First Priority Liens shall have the meaning assigned to such term in the Intercreditor Agreement.

First Priority Liens means all Liens that secure the First-Priority Lien Obligations.

First Priority Liens means the Liens securing the Note Obligations.

First Priority Liens means all Liens that secure First Priority Claims

First Priority Liens means the Liens securing the Obligations of the Issuer in respect of the Securities and this Indenture.

First Priority Liens means any Liens created by the Company or any of the Guarantors on the Collateral securing any First Lien Indebtedness.

First Priority Liens means, valid and perfected first priority security interests in favor of the Collateral Agent for the benefit of the Finance Parties and securing the Finance Obligations.