Junior Lien Collateral definition

Junior Lien Collateral means any “Collateral” as such term is defined in any Junior-Lien Debt Document or any other assets of the Company or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Junior-Lien Collateral Document as security for any Junior-Lien Obligation.

Junior Lien Collateral means all of the assets of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted or purported to be granted as security for any Junior Lien Obligations pursuant to a Junior Lien Security Document.

Junior Lien Collateral means, collectively, the MSR Junior Lien Collateral and the LOC Junior Lien Collateral.

Examples of Junior Lien Collateral in a sentence

• Each Junior Lien Representative and each Junior Lien Collateral Agent, on behalf of itself and each other Junior Lien Claimholder represented by it, hereby waives any right it may have under applicable law to revoke this Agreement or any of the provisions of this Agreement.

• All notices to the First Lien Collateral Agent or the Junior Lien Collateral Agent permitted or required under this Agreement may be sent to the First Lien Collateral Agent or the Junior Lien Collateral Agent, respectively, as provided in the Intercreditor Agreement.

• The Junior Lien Collateral Agent, the Second Lien Trustees and each Junior Lien Representative represent and warrant that this Agreement is binding upon the Junior Lien Secured Parties.

• Without limitation to the foregoing, each Grantor agrees to take such further action and to execute and deliver such additional documents and instruments (in recordable form, if requested) as the First Lien Collateral Agent, the New First Lien Trustee or the Junior Lien Collateral Agent (or any of their respective agents or representatives) may reasonably request to effectuate the terms of and the lien priorities contemplated by the Intercreditor Agreement.

• Each of the Initial Junior-Lien Authorized Representative and the Initial Junior-Lien Collateral Agent represents and warrants that this Agreement is binding upon the Initial Junior-Lien Authorized Representative, the Initial Junior- Lien Collateral Agent and the Initial Junior-Lien Secured Parties.

More Definitions of Junior Lien Collateral

Junior Lien Collateral shall have the meaning assigned to such term in the Intercreditor Agreement.

Junior Lien Collateral means, at any time, any “Collateral” or “Mortgaged Property” (each, as defined in any Junior Lien Loan Document) and all of the assets and property of the Company or any other Grantor, whether real, personal or mixed, in which the holders of Junior Lien Obligations (or the Junior Lien Collateral Agent) hold, purport to hold or are required to hold, a security interest at such time, including any property subject to Liens granted pursuant to Section 6 to secure Junior Lien Obligations, including any property or assets subject to replacement Liens or adequate protection Liens in favor of any Junior Lien Claimholder.

Junior Lien Collateral means all right, title and interest of any Loan Party in, to and under the Non-Operated Properties and all production rights with respect thereto and all real and personal property related to the Non-Operated Properties, in which a Lien is granted or purported to be granted in favor of the Junior Creditor as security for any Junior Lien Obligations. For the avoidance of doubt, the Junior Lien Collateral shall never include any of the Escrow Account Collateral.

Junior Lien Collateral means all “collateral,” as defined in any Junior Lien Security Documents, and any other assets of any Grantor now or at any time hereafter subject to Liens which secure, but only to the extent securing, any Junior Lien Obligations.

Junior Lien Collateral has a meaning given in the Granting Clause.

Junior Lien Collateral means, at any time, any “Collateral” or “Mortgaged Property” (each, as defined in any Junior Lien Loan Document) and all of the assets and property of the Company or any other Grantor, whether real, personal or mixed, in which the holders of Junior Lien Obligations (or the Junior Lien Collateral Agent) hold a valid and perfected security interest at such time (or are deemed pursuant to Section 2 to hold a valid and perfected security interest), including any property subject to Liens granted pursuant to Section 6 to secure Junior Lien Obligations, including any property or assets subject to replacement Liens or adequate protection Liens in favor of any Junior Lien Claimholder.

Junior Lien Collateral means that portion of the Collateral (other than any First Lien Collateral) in which the Secured Parties have a perfected security interest, subject only to Permitted Collateral Liens and Specified Prepetition Liens.