Senior Liens definition

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.

Senior Liens means (a) in respect of the Revolving Facility First Lien Collateral, the Revolving Facility Liens on such Collateral, and (b) in respect of the Noteholder First Lien Collateral, the Noteholder Liens on such Collateral.

Senior Liens means all present and future security interests and liens, if any, directly or indirectly securing any Senior Debt.

Examples of Senior Liens in a sentence

• In the event that the Senior Liens are not terminated, SAZKA may pay these liabilities in order to prevent a sale of the Arena Land, at a reduced valuation or otherwise.

• The Arena Land is currently subject to the Senior Liens in respect of unpaid taxes due from Quonex, the previous owner of the Arena Land and from which the Arena Land was transferred as part of a settlement agreement following a dispute between SAZKA and Quonex.

• The terms and provisions of any document creating or relating to a Subordinated Lien are hereby amended to provide that so long as any of the Senior Liens remain unpaid, the Subordinated Liens therein granted are subordinate to the Senior Liens and that none of the terms and provisions of such documents or instruments evidencing the Subordinated Liens shall affect or limit in any way the rights or remedies provided to the holder of the Senior Indebtedness under the Senior Liens.

• The Arena Land is currently encumbered with the Senior Liens and customary utilities easements.

• Notwithstanding any of the terms of the Subordinate Loan Documents to the contrary, the Subordinated Lender hereby consents to the creation, now or hereafter, of the Senior Indebtedness and the Senior Liens and to the execution and delivery by Borrower of any and all documents and instruments in connection therewith, including without limitation, the Trust Deed, and to the performance by Borrower of any and all of its obligations under or in connection therewith or resulting therefrom.

More Definitions of Senior Liens

Senior Liens means any Lien created by the Senior Debt Documents.

Senior Liens means Liens created under Senior Obligations Security Documents securing Senior Obligations.

Senior Liens means the Liens securing the Revolving Debt to the extent permitted by the Intercreditor Agreement.

Senior Liens means the Liens on the Collateral granted by the Company or AII to secure the payment of any First Priority Lien Obligations, and all replacements, renewals and other modifications of such Liens.

Senior Liens means (a) with respect to the Senior Debt Priority Collateral, all Liens securing the Senior Debt Obligations and (b) with respect to the Royal Gold Priority Collateral, all Liens securing the Royal Gold Obligations.

Senior Liens means the liens and security interests in the property and assets of the Obligors securing the Senior Debt, including, without limitation, the liens and security interests of the Senior Agent in the assets of the Obligors pursuant to the Senior Loan Agreement.

Senior Liens means, subject to the proviso set forth in Section 2.01(a), (a) with respect to the ABL Priority Collateral or the Term Liens on the ABL Priority Collateral, the ABL Liens on such Collateral, and (b) with respect to the Term Priority Collateral or the ABL Liens on the Term Priority Collateral, the Term Liens on such Collateral, and, in each case, any Liens incurred in connection with any Refinancing of Senior Obligations that are deemed to be Senior Liens under Section 5.05.