First Priority Secured Parties definition

First Priority Secured Parties means, with respect to each Type of Common Collateral, the First Priority Representative and the holders of the First Priority Obligations.

First Priority Secured Parties means (a) the Credit Agreement Secured Parties and (b) the Other First-Priority Secured Parties, including the First-Priority Representatives.

First Priority Secured Parties means the First Priority Representative, the First Priority Creditors and any other holders of the First Priority Obligations.

Examples of First Priority Secured Parties in a sentence

• If none of the Notes Secured Parties exercise such right within the time periods set forth above, the First Priority Secured Parties shall have no further obligations pursuant to this Section 5.04 for such Purchase Event and may take any further actions in accordance with the First Priority Secured Debt Documents and this Agreement.

• This is a continuing agreement of Lien subordination, and the First Priority Secured Parties may continue, at any time and without notice to the Notes Secured Debt Representative or any Notes Secured Party, to extend credit and other financial accommodations and lend monies to or for the benefit of the Issuer or any Subsidiary constituting First Priority Secured Obligations in reliance hereon.

• The First Priority Secured Debt Representatives, the First Priority Secured Parties, the Notes Secured Debt Representative and the Notes Secured Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such circumstances or otherwise.

• The First Priority Secured Debt Representatives, the First Priority Secured Parties, and the Notes Secured Parties shall each be responsible for keeping themselves informed of (a) the financial condition of the Issuer and the Subsidiaries and all endorsers or guarantors of the First Priority Secured Obligations or the Notes Secured Obligations and (b) all other circumstances bearing upon the risk of nonpayment of the First Priority Secured Obligations or the Notes Secured Obligations.

• Until the Discharge of First Priority Secured Obligations, subject to the Specified Rights, no Notes Secured Party shall contest (i) any request by the First Priority Secured Parties for adequate protection (or any comparable relief) or (ii) any objection by the First Priority Secured Parties to any motion, etc.

More Definitions of First Priority Secured Parties

First Priority Secured Parties means (a) the Credit Agreement Secured Parties and (ii) the Other First-Priority Secured Parties with respect to each Series of Other First-Priority Obligations.

First Priority Secured Parties means the persons holding any First-Priority Obligations, including the First-Priority Collateral Agent.

First Priority Secured Parties means the First Lien Credit Agreement Secured Parties and any Additional First Priority Secured Parties.

First Priority Secured Parties means the Persons holding any First-Priority Obligations, including the First-Priority Collateral Agent.

First Priority Secured Parties means, at any time, (a) the First Priority Creditors, (b) the First Priority Agent, (d) the Issuing Bank, (e) each other Person to whom any of the First Priority Claims is owed (including any Affiliate of a First Priority Creditor to whom any First Priority Claims of the type described in clause (b) or (c) of the definition thereof is owed) and (f) the successors and assigns of each of the foregoing.

First Priority Secured Parties means, with respect to (a) any ABL Priority Collateral, the ABL Secured Parties and (b) any Term Loan/Notes Priority Collateral, the Term Loan/Notes Secured Parties.

First Priority Secured Parties has the meaning given to such term in the Intercreditor Agreement.