Senior Lienholder definition

Senior Lienholder means any trustee or other holder of a Senior Lien.
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Senior Lienholder means Xxxxx Fargo Capital Finance, LLC, as arranger and administrative agent (collectively, with its successors and assigns), under the Credit Agreement.
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Senior Lienholder means Fleet Capital Corporation, a Rhode Island corporation, its successors and assigns, and any other lender or lenders refinancing or refunding all or any portion of the Senior Lienholder Debt.
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Examples of Senior Lienholder in a sentence

  • Lender as Senior Lienholder When the Lender is first position as a senior lienholder, active collection efforts will begin on any loan that is 31 or more days in arrears.

  • Sponsor as Senior Lienholder When the Sponsor is first position as a senior lienholder, active collection efforts will begin on any loan that is 31 or more days in arrears.

  • Sponsor As Senior Lienholder When the Sponsor is in a first position, or the senior lienholder, active collection efforts will begin on any loan that is 31 or more days in arrears.

  • If for any reason a lien is recorded senior to this Declaration of Restrictions or CITY expressly agrees in writing to subordinate this Declaration of Restrictions, and BUYER fails to make any payment under any promissory note or deed of trust senior to this Declaration of Restrictions, CITY shall have the right to pay directly to said Senior Lienholder any payments that BUYER fails to make.

  • This agreement shall not limit, waive, modify or replace the requirement that the Senior Lienholder comply with IRC Section 42(h)(6)(E)(ii) as stated in the AHSC Regulatory Agreement.

  • The Sponsor may also restructure the loan utilizing another acceptable funding source to replace the CalHome loan principal.Sponsor As Senior Lienholder When the Sponsor is in a first position, or the senior lienholder, active collection efforts will begin on any loan that is 31 or more days in arrears.

  • SBA Making a Protective Bid at a Senior Lienholder Foreclosure Sale.

  • Owner further appoints CTL, upon prior written request by Owner to CTL, to use its commercially reasonable efforts to assist Owner to effect a transfer of Owner's right, title and interest in and to any Equipment which Owner has agreed to sell to a User, subject to the rights of CTL hereunder (including the right to be reimbursed for its Actual Costs (as defined below) incurred in providing such assistance), any prior User or any Senior Lienholder (as defined below) and CTL hereby accepts such appointment.

  • This is a continuing agreement of subordination and the Senior Lienholder may continue to extend credit or other financial accommodations and loan monies to or for the benefit of the Credit Parties, in reliance hereon, under the Senior Lienholder Documents or otherwise without notice to the Junior Lienholder or the Noteholders.

  • The undersigned further agree that the terms of this Agreement shall not give the undersigned any substantive rights vis-a-vis the Senior Lienholder or the Junior Lienholder.

Related to Senior Lienholder

  • Senior Lien means the Liens on the Senior Collateral in favor of the Senior Secured Parties under the Senior Collateral Documents.

  • Senior Liens means (a) with respect to the ABL Priority Collateral, all Liens securing the ABL Obligations and (b) with respect to the Term Loan Priority Collateral, all Liens securing the Term Loan Obligations.

  • Lienholder means a person with a security interest in particular property.

  • Superior Lien With respect to any Mortgage Loan, any other mortgage loan relating to the corresponding Mortgaged Property which creates a lien on the Mortgaged Property which is senior to the Mortgage Loan.

  • Senior Creditor means a holder or holders of Senior Indebtedness and includes any representative or representatives, agent or agents or trustee or trustees of any such holder or holders;

  • Junior Lien means a Lien granted by a security document to the Collateral Trustee, at any time, upon any Collateral to secure Junior Lien Obligations.

  • Senior Lien Obligations means all revenue bonds and other obligations of the RECIPIENT outstanding on the date of execution of this loan agreement (or subsequently issued on a parity therewith, including refunding obligations) or issued after the date of execution of this loan agreement having a claim or lien on the Gross Revenue of the Utility prior and superior to the claim or lien of the loan, subject only to Maintenance and Operation Expense.

  • Junior Liens means Liens on the Collateral that are junior to the Liens thereon securing the Term B Loans (and other Loan Obligations that are pari passu with the Term B Loans) pursuant to a Permitted Junior Intercreditor Agreement (it being understood that Junior Liens are not required to be pari passu with other Junior Liens, and that Indebtedness secured by Junior Liens may have Liens that are senior in priority to, or pari passu with, or junior in priority to, other Liens constituting Junior Liens).

  • Senior Representative means, with respect to any series of Indebtedness, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of their successors in such capacities.

  • Senior Lender means each holder of a Senior Note.

  • Prior Lien means a pre-existing mortgage, deed of trust or other Lien encumbering the Mortgaged Property.

  • Junior Lien Intercreditor Agreement means an intercreditor agreement in form and substance reasonably satisfactory to the Administrative Agent between the Administrative Agent and one or more collateral agents or representatives for the holders of Indebtedness that is secured by a Lien on the Collateral ranking junior to the Liens of the Loan Documents.

  • Second Priority Representative means (i) in the case of the Initial Second Priority Debt Facility covered hereby, the Initial Second Priority Representative and (ii) in the case of any Second Priority Debt Facility and the Second Priority Debt Parties thereunder the trustee, administrative agent, collateral agent, security agent or similar agent under such Second Priority Debt Facility that is named as the Representative in respect of such Second Priority Debt Facility in the applicable Joinder Agreement.

  • Senior Creditors means the Senior Agent, the Senior Lenders and any other Person who holds Senior Indebtedness.

  • Junior Representative means, with respect to any series of Permitted Junior Debt, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Permitted Junior Debt is issued, incurred or otherwise obtained and each of their successors in such capacities.

  • Junior Creditor means any Defaulting Bank which has not (x) fully cured each and every default on its part under the Loan Documents and (y) unconditionally tendered to the Administrative Agent such Defaulting Bank’s Pro Rata Share of all costs, expenses and disbursements required to be paid or reimbursed pursuant to the terms of the Loan Documents.

  • Junior Lien Documents means, collectively, any indenture, credit agreement or other agreement or instrument pursuant to which Junior Lien Debt is incurred and the documents pursuant to which Junior Lien Obligations are granted.

  • Senior Collateral means any “Collateral” as defined in any Credit Agreement Loan Document or any other Senior Debt Document or any other assets of the Borrower or any other Grantor with respect to which a Lien is granted or purported to be granted pursuant to a Senior Collateral Document as security for any Senior Obligations.

  • Second Lien With respect to each Mortgaged Property, the lien of the mortgage, deed of trust or other instrument securing a Mortgage Note which creates a second lien on the Mortgaged Property.

  • Junior Lien Priority means Indebtedness that is secured by a Lien on the Collateral that is junior in priority to the Liens on the Collateral securing the First Lien Note Obligations and is subject to a Junior Lien Intercreditor Agreement (it being understood that junior Liens are not required to rank equally and ratably with other junior Liens, and that Indebtedness secured by junior Liens may be secured by Liens that are senior in priority to, or rank equally and ratably with, or junior in priority to, other Liens constituting junior Liens).

  • Senior Agent means the Person acting as agent from time to time for and on behalf of the Senior Lenders under the Credit Facility, together with its successors and assigns in such capacity.

  • Junior Lien Indebtedness means any Indebtedness of any Credit Party that is secured by Liens on Collateral that rank junior in priority to the Liens that secure the Obligations.

  • Senior Collateral Agent means Citicorp USA, Inc., in its capacity as Senior Collateral Agent under the Senior Collateral Documents, and its successors.

  • Junior Lien Debt means Indebtedness incurred by a Covenant Entity that is secured by a Lien that is junior to the Lien on the Collateral securing the Obligations.

  • Priority Lien Secured Parties means the holders of Priority Lien Obligations, each Priority Lien Representative and the Collateral Trustee.

  • Junior Lien Obligations means Junior Lien Debt and all other Obligations in respect thereof.