Lender Lien definition

Lender Lien means any present or future first-priority Lien securing the Obligation and assigned, conveyed, or granted to or created in favor of Administrative Agent for the benefit of Lenders.

Lender Lien means any Lien which arises from acts or claims against a Loan Participant not related to the transactions contemplated by the Operative Documents.

Lender Lien means any present or future first-priority Lien securing the Obligation and assigned, conveyed, and granted to or created in favor of Agent for the benefit of Lenders under the Loan Documents.

Examples of Lender Lien in a sentence

• This Agreement will inure to the benefit of and bind the respective parties to this Agreement, and their successors and assigns, including any party acquiring the Third Party Loan and Third Party Lender Lien by sale, assignment, or other transfer from Third Party Lender.

• During the term of the 504 Loan, Third Party Lender will not exercise any cross-default, "deem at-risk," or any other provisions in documents evidencing the Third Party Loan or Third Party Lender Lien which allow Third Party Lender to make demand on the Third Party Loan prior to maturity unless the Third Party Loan is in material default.

• After completion of the Project, the Third Party Lender may not make future advances under the Third Party Loan except for reasonable costs of collection, maintenance, and protection of the Third Party Loan and Third Party Lender Lien.

• The Third Party Lender represents that the Third Party Loan is fully advanced; does not exceed the amount stated in the Authorization; and, will not exceed the amount allowed by the Authorization, plus reasonable costs of collection, maintenance, and protection of the Third Party Lender Lien.

• Within thirty (30) days after the expiration of any cure period for any continuing material default of the Third Party Loan or Third Party Lender Lien, Third Party Lender must provide written notice (referencing SBA’s loan number for the 504 Loan) of the default to CDC and SBA.

More Definitions of Lender Lien

Lender Lien the Lien on the Collateral granted by Borrower to Lender pursuant to Article III of this Agreement.

Lender Lien means any present or future Lien (subject only to any applicable Permitted Lien) securing the Obligation and assigned, conveyed, or granted to or created in favor of Agent for the benefit of Lenders.

Lender Lien means any Lien attributable to a Lender on or against an Aircraft, Airframe, Engine, any interest therein or any other portion of the Collateral, arising out of any claims against such Person that are not related to the Loan Documents, or out of any act or omission of such Person that is not related to the transactions contemplated by, or that constitutes a breach by such Person of its obligations under, the Loan Documents. If any Indemnitee fails to comply with any duty or obligation under this Section 6.11 with respect to any Claim, such Indemnitee shall not be entitled to any indemnity with respect to such Claim under this Section 6.11 to the extent (x) such failure was prejudicial to Owner or (y) Owner’s indemnification obligations are increased as a result of such failure.

Lender Lien means any Lien on any part of the Mortgage Estate arising as a result of or in connection with (a) claims against or affecting the Administrative Agent or the Lenders and that are not related to the transactions contemplated by the Operative Documents, (b) any act or omission of any such party (including, in the case of the Administrative Agent, such Person in its individual capacity or in its capacity as agent) that is not related to the transactions contemplated by the Operative Documents, or (c) Taxes (including claims therefor) or other losses, costs or expenses imposed on any such party (including, in the case of the Administrative Agent, such Person in its individual capacity or in its capacity as agent) for which Borrower is not obligated to indemnify pursuant to the Credit Agreement or any other Operative Document.

Lender Lien means any Lien attributable to any Lender on or against the Aircraft, any interest therein or any other portion of the Collateral, arising out of any claim against such Lender that is not related to the Basic Agreements, or out of any act or omission of such Lender that is not related to the transactions contemplated by, or constitutes a breach by it of its obligations under, the Basic Agreements.

Lender Lien means any present or future first-priority Lien (provided that applicable Permitted Liens may exist, however, no intention to subordinate the first priority Lien granted in favor of Agent for the benefit of Lenders is to be hereby implied or expressed by the permitted existence of such Permitted Liens) securing the Obligation and assigned, conveyed, or granted to or created in favor of Agent for the benefit of Lenders.

Lender Lien means, in respect of an Aircraft, any Lien on the Airframe, any related Engine or Part arising as a result of or in connection with (i) claims against or affecting any Lender, the Security Trustee, the Facility Agent or Ex-Im Bank (each a "LENDER PERSON") or any of their respective Affiliates (other than in the case of Ex-Im Bank, the United States of America, or any agency or instrumentality thereof) that are not related to the transactions contemplated by the Operative Documents (but specifically excluding any debt, liability or other obligation imposed on any Lender Person or any of its Affiliates as a result of the use, operation or maintenance of such Aircraft while subject to the Lease for such Aircraft and any Lien created pursuant to any Operative Document), (ii) any act or omission of any Lender Person or any of its Affiliates (other than in the case of Ex-Im Bank, the United States of America, or any agency or instrumentality thereof) that is not related to the transactions contemplated by the Operative Documents, or (iii) Taxes (including claims therefor) or Claims imposed on any Lender or any of its respective Affiliates (other than in the case of Ex-Im Bank, the United States of America, or any agency or instrumentality thereof) for which no Lessee is obligated to indemnify pursuant to any of the Operative Documents.