Second Priority Lien Obligations definition

Second Priority Lien Obligations means the Second Priority Lien Debt and all other Obligations in respect of Second Priority Lien Debt.

Second Priority Lien Obligations means (a) the Notes Obligations and (b) all Other Second-Lien Obligations.

Second Priority Lien Obligations means all Obligations with respect to the Notes and the Note Guarantees and other Parity Lien Debt.

Examples of Second Priority Lien Obligations in a sentence

• The Senior Intercreditor Agreement governs the relative rights and remedies, as lienholders, among holders of Liens securing First-Priority Lien Obligations and holders of Liens securing Second Priority Lien Obligations.

• The Notes are secured on a third-priority basis, Equally and Ratably with all other Third Priority Lien Obligations, by (a) a security interest in all the assets of the Company and the Guarantors other than Excluded Assets, and (b) a pledge of the equity interests in the Company and CalGen Expansion Company, LLC, subject to liens securing First Priority Lien Obligations and Second Priority Lien Obligations and to other Permitted Prior Liens.

• SECTION 2.01 The New Agent agrees to become, with immediate effect, a party to and agrees to be bound by the terms of, the Second Lien Intercreditor Agreement as an Other Second Priority Lien Obligations Agent as if it had originally been party to the Second Lien Intercreditor Agreement as an Other Second Priority Lien Obligations Agent.

• The First Lien/Second Lien Intercreditor Agreement defines the relative rights, as lienholders, of holders of Liens securing First Priority Lien Obligations and holders of Liens securing Second Priority Lien Obligations.

• The Intercreditor Agreement defines the relative rights, as lienholders, of holders of Liens securing Second Priority Lien Obligations and holders of Liens securing First Priority Lien Obligations.

More Definitions of Second Priority Lien Obligations

Second Priority Lien Obligations means the Term Facility Obligations and the Other Second-Priority Lien Obligations.

Second Priority Lien Obligations means the Obligations under any Pari Passu Indebtedness of the Issuer or a Subsidiary Guarantor that is secured by a Lien on the Collateral that is pari passu with the Lien securing the Notes and permitted to be incurred and so secured under Sections 4.10 and 4.13 hereof; provided that, except in the case of Other Second Priority Lien Obligations, an authorized representative of the holders of such Indebtedness shall have executed a joinder to the Second Lien Intercreditor Agreement.

Second Priority Lien Obligations means the Notes and any other indebtedness secured by the Collateral on a second-priority basis, approved for designation as such by the Credit Facility Agent and the Second Lien Collateral Agent or pursuant to the Intercreditor Agreement between the Second Lien Collateral Agent and the Credit Facility Agent.

Second Priority Lien Obligations means any Obligations that constitute “Second Priority Obligations” as defined in the Junior Intercreditor Agreement.

Second Priority Lien Obligations means (1) the Second Lien Notes and the Second Lien Guarantees thereof and (2) all other Indebtedness secured by Liens on the Collateral that are equal in priority to the Liens on the Collateral securing the Second Lien Notes, and, in each case, all Obligations in respect thereof.

Second Priority Lien Obligations means (a) all Obligations in respect of the Notes and the Note Guaranties and all other obligations of the Company and the Guarantors, if any, from time to time arising under or in respect of the due and punctual payment of (i) the principal of and premium, if any, and interest (including any post-petition interest) on the Notes, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any insolvency proceeding with respect to the Company or any Guarantor, regardless of whether allowed or allowable in such proceeding), of the Company and the Guarantors under this Indenture and the other “Second Lien Note Documents” (as defined in the Collateral Trust Agreement) owing to the holders of such obligations (in their capacity as such) and (b) subject to Section 2.3 of the Collateral Trust Agreement, any “New Second Lien Obligations” (as defined in the Collateral Trust Agreement).

Second Priority Lien Obligations means (i) all Indebtedness under the Asset Backed Credit Facility and any other Credit Facility Incurred pursuant to clause (b)(iii)(B) of Section 4.03 and (ii) Additional Second Priority Lien Obligations.